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Stock market gains N437bn on dividend declaration

Summary by Punch Newspapers
The announcement of dividends for the 2024 financial year by corporates reversed the downward trend recorded on the Nigerian Exchange to deliver a N437bn gain to investors.

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Stock market gains N437bn on dividend declaration

The announcement of dividends for the 2024 financial year by corporates reversed the downward trend recorded on the Nigerian Exchange to deliver a N437bn gain to investors.

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Business Post NigeriaBusiness Post Nigeria

EXPLAINER: How GTCO Was Able to Pay N7.03 Dividend, Higher Than Peers

By Adedapo Adesanya Last week, Guaranty Trust Holding Company (GTCO) Plc declared a N7.03 final dividend, much to the joy of the investing community, especially as its fellow tier-1 banks like Zenith and UBA, declared N4 and N3, respectively. The company declared a profit before tax of N1.27 trillion for the 2024 financial year, which […]

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Billionaires.AfricaBillionaires.Africa

Aradel, led by Nigerian businessman Ladi Jadesimi, declares $62 million dividend

Key PointsAradel’s revenue soared 162.8% to N581.2 billion($378.55 million), driven by increased crude exports, higher production, and improved pipeline utilization.The company raised its total 2024 dividend by 200% to N130.35 billion ($84.81 million), reflecting strong cash generation and a commitment to shareholder value.Strategic acquisitions, including Olo and Olo West Marginal Fields and a stake in Chappal Energies, positioned it for sustai…

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Investors KingInvestors King

NGX Rebounds With N437 Billion Gain As Dividend Announcements Lift Investor Sentiment

The Nigerian Exchange (NGX) posted a market gain of N437 billion last week as dividend declarations by listed companies boosted sentiment and reversed the recent negative trend. The All-Share Index advanced by 0.66 percent to close at 105,660.64 index points, while market capitalization settled at N66.26 trillion. The improvement was driven by renewed interest in […] The post NGX Rebounds with N437 Billion Gain as Dividend Announcements Lift Inv…

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Punch Newspapers broke the news in on Sunday, March 30, 2025.
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