Capital Market/Banking – Page 100

August 31, 2020 No Responses

LCCI To CBN: Review New Directive On Form “M”

The Lagos Chamber of Commerce and Industry (LCCI) has appealed to the Central Bank of Nigeria (CBN) to review its new directive on payments for imports in the interest of the Nigerian economy. In a statement on Sunday, Director-General, LCCI,...

August 30, 2020 No Responses

Polaris Bank Appoints Innocent Ike As Acting MD/CEO

The Board of Polaris Bank Limited and Asset Management Corporation of Nigeria (AMCON), the Bank’s shareholder, have announced the appointment of Mr Innocent Ike, as the Acting Managing Director/CEO of the Polaris Bank Limited, effective September 1, 2020.&nb...

August 29, 2020 No Responses

Ecobank Wins Innovation In Financial Services Award

Ecobank Group has emerged winner of Innovation in Financial Services award at the 2020 edition of the prestigious African Banker magazine Awards. The Awards, which reward banking excellence in Africa, were announ...

August 28, 2020 No Responses

Market Capitalisation Recovers N2b As Volume Drop By 45.46 Per Cent

The volume of shares traded on the Nigerian Stock Exchange (NSE) on Friday dropped by 45.46 per cent. However, the market capitalisation rose by two billion naira or 0.02 per cent to close at N13.203 trillion against N13.201 trillion recorded...

August 28, 2020 No Responses

CBN Resumes Sales Of Foreign Exchange To BDC Operators

The Central Bank of Nigeria (CBN) has commenced the sales of foreign exchange to the Bureau De Change (BDC) operators in the country. In a circular signed by Dr Ozoemena Nnaji, Director Trade and Exchange Department, and addressed to authorised...

August 26, 2020 No Responses

Market Capitalisation Sustain Growth By N20b

The bulls continued to dominate trading on the Nigerian Stock Exchange (NSE) on Wednesday with the key market indices improving further by 0.15 per cent. Specifically, the NSE All-Share Index which opened at 25,291.73 inched higher by 38.37 points...

August 26, 2020 No Responses

Nigeria stock market defies Q2 GDP, up by N33b

Trading on the Nigerian Stock Exchange (NSE) on Tuesday sustained upward posture, in spite of a negative Gross Domestic Product (GDP) recorded in the second quarter of 2020. Speficially, the market capitalisation increased further by N33 billion or 0.25 per...

August 22, 2020 No Responses

FBN Insurance Unveils Payment Channels

FBN Insurance Limited has launched new digital platforms that enable its customers to pay their premiums timely with ease amidst the social distancing order. Chief Executive Officer, Val Ojumah, in a statement, explained that the company’s payment channels...

August 21, 2020 No Responses

Investors Stake N1.75b On Zenith Bank, FBN Holdings, Nigeria Breweries, Others

The Nigerian Stock Exchange (NSE) on Friday moved 158.62 million shares worth N1.75 billion exchanged in 3,194 deals. This was in contrast with 179.55 million shares valued at N2.53 billion achieved in 3,055 deals on Thursday. An analysis...

August 21, 2020 No Responses

SEC Canvasses More Stakeholders’ Engagements

The Securities and Exchange Commission (SEC) is open to engagements with stakeholders as part of measures to foster new partnerships. A press statement issued from the first virtual Capital Market Committee Meeting held on Thursday, quoted the Directo...

August 20, 2020 No Responses

SEC Nigeria Vows To Flush Out Illegal Operators

The new Director-General of the Securities and Exchange Commission (SEC), Dr Lamido Yuguda, on Thursday vowed to clamp down on illegal operators luring unsuspecting investors in the market. Yuguda said this in an address delivered at the first Capital...

August 20, 2020 No Responses

Market Capitalisation Extends Growth By N18b

Trading on the Nigerian Stock Exchange (NSE) maintained positive trend on Thursday for the third consecutive days, as its indices increased further by 0.13 per cent. Specifically, the All-Share Index increased by 33.28 points 0.13 per cent to close...

August 19, 2020 No Responses

C&I Leasing To Float N10b Bond

C & I Leasing Plc has perfected plans to raise N10 billion from the capital market through bond issuance for debt refinancing and to boost capital structure. Mr Andrew Otike-Odibi, the company’s Managing Director/Chief Executive Officer, disclosed thi...

August 18, 2020 No Responses

Market Capitalisation Recovers N2b

The key market indices of the nation’s bourse on Tuesday rebounded marginally by 0.02 per cent, due to gains posted by 16 stocks. Specifically, the All-Share Index rose by 3.82 points or 0.02 per cent to close at 25,136.49...

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Category: Capital Market/Banking