Category: Capital Market/Banking

Trading in the domestic bourse resumed for the week on Monday with bearish sentiments due to profit-taking in bellwether stocks – MTNN and Nestle.  Specifically, the market capitalisation lost N153 billion or 0.71 percent to close at N21.471 trillion from.....

The Nigerian Exchange Group (NGX Group) listing on Friday lifted the market capitalisation of Nigerian Exchange Ltd (NGX) by N192 billion.  The News Agency of Nigeria (NAN) reports that NGX Group listed a total of 1.96 billion shares at N16.15...

Fidelity Bank Plc has won the 2020 Development Bank of Nigeria (DBN) service award for the highest disbursement to DBN-focused locations.  A statement issued on Friday quoted the bank’s Managing Director/Chief Executive Officer, Mrs Nneka Onyeali-Ikpe, ...

By Moses Ebosele, ebosele@hotmail.com   —  The Nigerian Exchange Limited (NGX) has announced the resignation of Mr. Oscar N. Onyema, OON, as Non-Executive Director, with immediate effect. A statement sent to City Business News  by Acting Head, Corpo...

No fewer than three thousand girls drawn from Senior Secondary Schools across Nigeria have benefitted from a 3-day capacity building initiative on maritime commerce and National Virtual Maritime Quiz powered by Unity Bank Plc.    The capacity buildin...

First Bank Nigeria has sealed a partnership with the Nigeria Inter-Bank Settlement System Plc. (NIBSS) on its Nigeria Quick Response (NQR) payment solution.   A statement issued on Wednesday quoted the Bank’s Chief Executive Officer, Dr Adesola Ad...

Fidelity Bank Plc has expressed the need for greater private sector participation in the non-oil export sector as part of measures to boost the country’s diversification drive.  In a statement on Wednesday, the bank’s Managing Director, Mrs Nneka Onyeali-...

The nation’s bourse rebounded by N95 billion on Tuesday following investors’ interest in BUA Cement and FBN Holdings (FBNH).  Consequently, the market capitalisation rose by N95 billion or 0.45 percent to close at N21.310 trillion compared with N21.21...

Senior Special Assistant to the President on Media and Publicity,  Office of the Vice President, Laolu Akande, has made clarifications on Vice President Yemi Osinbajo’s view on the naira exchange rate.  Akande, in a statement on Tuesday, explained that the...

The Nigerian Exchange Group Plc (NGX Group) says it will leverage organic and inorganic growth opportunities for business expansion across relevant business categories to increase global competitiveness.  The Group Chief Executive Officer, NGX Group, Mr O...

Transparency group, Nigeria for All Nigerians (NAN) has called on the concerned regulatory authorities to stop violation of the Nigerian Investments and Securities Act by the impending listing by the introduction of the shares of Nigerian Exchange Group on th...

The nation’s bourse maintained positive trading on Friday, extending the gaining streak by 0.10 percent.  Specifically, the market capitalisation which opened at N21.275 trillion increased by N20 billion or 0.10 percent to close at N21.295 trillion.  Also,...

The Nigerian Exchange (NGX) Limited has advised investors to consider long-term investments, for maximum returns from those on listed companies.  The Head, Market Surveillance/Investigation, NGX Regulation, Mr Abimbola Babalola, gave the advice at a virtu...