Finance
Access Holdings Plc obtains CBN’s approval-in-principle to establish consumer lending, NGX All-Share Index sustains gains, up 238bps
Access Holdings Plc obtains the CBN’s approval-in-principle to establish a consumer lending subsidiary to be known as Oxygen X Finance Company Limited. The purpose subsidiary will provide innovative and seamless digital lending solutions to address distinct challenges faced by individuals and businesses. The Local bourse sustained gains bringing the benchmark index up 2.38% to settle at 90,063.27 points. Sustained buy interests in industrial heavyweights namely, DANGCEM (+9.86%), BUACEM (+9.99%) alongside GEREGU (+9.94%) kept the market strong in the green, outweighing selloffs in ZENITHBANK (-1.42%), GTCO (-1.80%) and DANGSUGAR (-9.95%). As a result, the year-to-date (YTD) return rose to 20.45%, while market capitalisation gained ₦1.14trn to close at ₦49.28trn.
Analysis of today’s market activities showed trade turnover settled higher relative to the previous session, with the value of transactions up by 3.89%. A total of 1.30bn shares valued at ₦16.38bn were exchanged in 17,471 deals. STERLINGNG (-9.09%) led the volume chart with 106.14m units traded while NB (+1.82%) led the value chart with deals worth ₦2.02bn.
Market breadth closed positive at a 1.26-to-1 ratio with advancing issues outnumbering the declining ones. GUINNESS (+10.00%) topped forty-three (43) others on the leader’s table while RTBRISCOE (-10.00%) led thirty-four (34) others on the laggard’s log.
Find below key highlights of market activities
| Indicators | Current | Change (%) | YTD |
| All-Share Index | 90,063.27 | 2.38 | 20.45 |
| Market Cap. (₦ ‘trillion) | 49.28 | 2.38 | 20.45 |
| Volume (millions) | 1,298.22 | 21.69 | |
| Value (₦ ‘billion) | 16.38 | 3.89 |
Dividend Information for 2023
| Company | Dividend (Bonus) | Closure Date | Payment Date |
| SEPLAT ENERGY | $0.03 (Q3 interim) | 13-Nov-23 | 24-Nov-23 |
| ACCESSCORP | ₦0.30 (interim) | 6-Oct-23 | 19-Oct-23 |
| UBA | ₦0.50 (interim) | 27-Sep-23 | 6-Oct-23 |
| ZENITHBANK | ₦0.50 (interim) | 25-Sep-23 | 29-Sep-23 |
| STANBIC | N1.50 (interim) | 13-Sep-23 | 27-Sep-23 |
| GTCO | ₦0.50 (interim) | 15-Sep-23 | 25-Sep-23 |
| FIDELITYBK | N 0.25 (interim) | 15-Sep-23 | 22-Sep-23 |
| CUSTODIAN | ₦0.15 (interim) | 21-Aug-23 | 5-Sep-23 |
| SEPLAT ENERGY | 3 US CENTS (interim) | 18-Aug-23 | 30-Aug-23 |
| MTNN | ₦5.60 (interim) | 17-Aug-23 | 24-Aug-23 |
| NGXGROUP | ₦0.25 | 31-Jul-23 | 31-Aug-23 |
| BUACEMENT | ₦2.80 | 14-Aug-23 | 24-Aug-23 |
| FBNH | ₦0.50 | 9-Aug-23 | 16-Aug-23 |
| AIRTELAFRI | 3.27 | 22-Jun-23 | 26-Jul-23 |
| TOTAL | ₦21.00 | 26-Apr-23 | 2-Jun-23 |
| NESTLE | ₦36.50 | 24-Apr-23 | 18-May-23 |
| WAPCO | ₦2.00 | 11-Apr-23 | 28-Apr-23 |
| NB | ₦1.03 | 17-Mar-23 | 26-Apr-23 |
| DANGCEM | ₦20.00 | 31-Mar-23 | 24-Apr-23 |
| DANGSUGAR | ₦1.50 | 27-Mar-23 | 15-Apr-23 |
| GEREGU | ₦8.00 | 28-Feb-23 | 29-Mar-23 |
-
News1 day agoCourt orders British Govt. to pay £420m to 21 coal miners killed by colonial masters
-
Finance1 day agoCBN cuts 1-Year Treasury Bill rate, rejects Bids
-
Maritime1 day agoNIMASA mulls expansion of deep blue project, calls for continued partnership with Navy
-
Economy1 day agoBPE, stakeholders unite to rollout $500m free meters, DisCos pledge to lead drive
-
Business1 day agoMTN to acquire controlling stake in IHS Holdings, eyes full ownership
-
Agriculture1 day agoOver 2.5m metric tonnes of food valued N2trn produced in 2yrs—FG
-
Economy6 hours agoDubai’s consumer electronics maker, Maser Group to invest $1.6bn in Nigeria, others
-
Oil and Gas6 hours agoEdo govt, NNPC partner to establish 10,000bpd condensate refinery