Capital Market/Banking – Page 102

August 12, 2020 No Responses

Market Capitalisation Recovers N135b

The Nigerian Stock Exchange (NSE) on Wednesday posted first week gain with the market capitalisation rebounding by N135 billion, amid renewed investor interest. Speficially, the market capitalisation inched higher by N135 billion or 1.04 per cent to close at...

August 11, 2020 No Responses

Rivers Seeks N18b Loan From Access Bank

Rivers State Governor, Nyesom Wike has requested consent of the State House of Assembly to borrow N18billion from Access Bank Plc for the construction of a flyover and two major internal roads in Port Harcourt, the state capital. The Speaker, Mr...

August 10, 2020 No Responses

Heritage Bank Partners CBN On Improved Investment, Job creation

Heritage bank Plc in collaboration with the Central Bank of Nigeria (CBN), under the Nigerian Incentive-Based Risk Sharing in Agricultural Lending (NIRSAL) has continued to drive improved investments and job creation. A statement issued at the weekend explai...

August 8, 2020 No Responses

SUNU Assurances Reports N1.2bn Profit

For the 2019 financial year, SUNU Assurances Nigeria Plc has announced N1.2 billion profit, compared to N914 million attained in 2018. Speaking during the virtual 33rd Annual General Meeting of the compan...

August 7, 2020 No Responses

Ekiti Partners Ecobank On Women Empowerment, Others

Ekiti State Government has partnered with Ecobank to ensure financial inclusion, women empowerment, micro credit loans and agency banking across communities in the state. This was disclosed in Ado-Ekiti at the maiden edition Se’tigbo (Have You H...

August 7, 2020 No Responses

FirstMonie Network Records N6tri Transactions

First Bank of Nigeria Ltd processed transactions worth over N6 trillion on its FirstMonie Agent network as at July 2020. Dr Adesola Adeduntan, FirstBank Chief Executive Officer, disclosed this on Thursday, at the bank’s FinTech Summit 4.0 webinar in Lagos....

August 6, 2020 No Responses

Capital market Stakeholders Seek Alternative Funding For Infrastructure Development

Worried by budgetary pressure and reduction in the level of public funds, stakeholders in the capital market are calling for alternative sources of financing to support infrastructure development They spoke on Thursday at a webinar session targeted...

August 6, 2020 No Responses

Seplat Tops Gainers’ Chart As Market Capitalisation Hit N13trillion

The market capitalisation of the Nigerian Stock Exchange (NSE) on Thursday advanced by N26 billion to hit N13 trillion mark. Speficially, the market capitalisation closed higher at N13.005 trillion compared with N12.979 trillion recorded on Wednesday...

August 5, 2020 No Responses

Investors stake N3.89b On UACN, FBN Holdings, Others

The volume of shares traded on the Nigerian Stock Exchange (NSE) on Wednesday improved by 148.13 per cent with an exchange of 383.29 million shares worth N3.89 billion in 3,860 deals. This was in contrast with a...

August 4, 2020 No Responses

Sterling Bank reports 10% growth in half-year net interest income

Sterling Bank Plc, a full service national commercial bank has reported a net interest income of N33.5 billion during the half-year ended June 30, 2020, as against N30.4 billion during the corresponding period of 2019, representing a growth of 10.1...

August 3, 2020 No Responses

SEC Capital Market Institute Expands Operations

The Nigerian Capital Market Institute (NCMI) is poised to enhance the market development role of the Securities and Exchange Commission (SEC) by providing excellent capital market education to stakeholders, Managing Director of the Ins...

August 1, 2020 No Responses

Zenith Bank Fetes Customers

Zenith Bank Plc, Nigeria’s leading financial institution, has commenced its “Zenith Beta Life” Promo to reward customers of the Bank with gifts every week starting from 31st July 2020 to 30th July 2021. During this period, fifty (50) customer...

July 31, 2020 No Responses

Nestlé Nigeria Declares N141b Revenue, N22b Profit In Six Months

For the half year ended June 30, 2020, Nestlé Nigeria Plc on Thursday announced revenue of N 141.0 billion, compared with N141.9 billion attained within same period in 2019. The company also recorded profit after tax of N 21.8 billion, ...

July 31, 2020 No Responses

Ecobank Nigeria Unveils Loan Package For Female Entrepreneurs

Ecobank Nigeria has unveiled a special loan package for female entrepreneurs in the country. The Ecobank Female Entrepreneurs’ Initiative (EFEI) loan is specially designed by the bank to financially empower female business owners and entrepreneurs in the cou...

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Category: Capital Market/Banking