Category: Capital Market/Banking

Fidelity Bank Declares N8.5b Half Year Net Profit
September 7, 2020 No Responses

Fidelity Bank Declares N8.5b Half Year Net Profit

For the 2020 half-year performance, Fidelity Bank Plc recorded Profit Before Tax of N12.0bn from N9.8bn in 2019, which translated to a 22% growth.   According to the Bank, net profits grew by 33% from N8.5bn to N11.3bn in the reporting...
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NAN Staff Cooperative Declares N11.5m Surplus
September 6, 2020 No Responses

NAN Staff Cooperative Declares N11.5m Surplus

For the financial year 2019, the NAN Staff Multi-Purpose Cooperative Society Limited, an independent body in the News Agency of Nigeria (NAN),  on Saturday declared a surplus of N11,496,598.74.  The President of the cooperative, Mr Moses Uzoagba, mad...
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Zenith Bank Declares N346b Gross Earnings, 30 Kobo Interim Dividend
September 4, 2020 No Responses

Zenith Bank Declares N346b Gross Earnings, 30 Kobo Interim Dividend

Zenith Bank Plc on Thursday declared gross earnings of N346 billion for the half year ended June 30, 2020.  This is contained in the bank’s audited results presented to the Nigerian Stock Exchange.  The gross earnings represent an increase of...
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GTBank Declares 30k Interim Dividend
September 3, 2020 No Responses

GTBank Declares 30k Interim Dividend

Guaranty Trust Bank Plc on Wednesday announced an interim dividend of 30k per share for the half year ended June 30, 2020.  The bank stated this in its audited financial results released to the Nigerian Stock Exchange and London Stock...
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Presco Shareholders Okay N2billion Dividend For 2019
September 2, 2020 No Responses

Presco Shareholders Okay N2billion Dividend For 2019

 By Moses Ebosele, ebosele@hotmail.com   Shareholders of Presco Plc, on Wednesday, commended the Board and Management of the company for declaring N2billion dividend for the financial year ended December 31, 2019 despite various challenges.   The sharehol...
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Market Capitalisation Sustains Growth With N24b
September 2, 2020 No Responses

Market Capitalisation Sustains Growth With N24b

The Nigerian Stock Exchange’s (NSE) key market indices on Wednesday appreciated further by 0.18 per cent due to sustained bargain hunting.   Consequently, the NSE All-Share Index rose by 46.05 points or 0.18 per cent to close at 25,460.00 compared...
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NSE Resumes September Trading With N46b Growth
September 1, 2020 No Responses

NSE Resumes September Trading With N46b Growth

The Nigerian Stock Exchange (NSE) on Tuesday sustained positive trend to open trading for the month of September with a growth of N46 billion. Specifically, the market capitalisation which opened the month at N13.212 trillion appreciated by N46 billion to...
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Heritage Bank To Stimulate Economic Growth With Youth Empowerment Schemes
September 1, 2020 No Responses

Heritage Bank To Stimulate Economic Growth With Youth Empowerment Schemes

As part of its further response to deal with the global economic challenge occasioned by COVID-19, Heritage Bank Plc has reiterated commitment to deepen its support to young entrepreneurs in Nigeria to grow their businesses either as start-ups or prospective.....
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LCCI To CBN: Review New Directive On Form “M”
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,...
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Polaris Bank Appoints Innocent Ike As Acting MD/CEO
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...
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Ecobank Wins Innovation In Financial Services Award
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...
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Market Capitalisation Recovers N2b As Volume Drop By 45.46 Per Cent
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...
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CBN Resumes Sales Of Foreign Exchange To BDC Operators
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...
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Market Capitalisation Sustain Growth By N20b
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...
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