Category: Capital Market/Banking

FBN Holdings Declares N296b Gross Earnings, ₦49.5b Profit In Six Months
July 29, 2020 No Responses

FBN Holdings Declares N296b Gross Earnings, ₦49.5b Profit In Six Months

FBN Holdings Plc on Wednesday announced its unaudited results for the six months ended June 30, 2020.   The financial institution declared  gross earnings of ₦296.4 billion, up 5.8% when compared to the previous year of  ₦280.3 billion.   Meanwhile, Profit after...
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NASCON’s Shareholders Laud Prompt Dividend Payment
July 28, 2020 No Responses

NASCON’s Shareholders Laud Prompt Dividend Payment

Shareholders of NASCON Allied Industries Plc, a subsidiary of Dangote Industries Limited, has applauded the company for improved performance and dividend declared in 2019.  The shareholders also urged the food seasoning company to expand its market share ...
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Reps Reiterate Capital Market Growth Commitments
July 27, 2020 No Responses

Reps Reiterate Capital Market Growth Commitments

The House of Representatives Committee on Capital Markets and other Institutions has assured the Securities and Exchange Commission (SEC) of its readiness to provide support by way of enabling laws to support the growth of the capital market.  The Chairma...
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Seplat, Bua Cement Top Losers’ Table As Market Capitalisation Drop By N45b
July 24, 2020 No Responses

Seplat, Bua Cement Top Losers’ Table As Market Capitalisation Drop By N45b

The Nigerian Stock Exchange (NSE) on Friday returned to the negative territory on with key market indices declining by 0.35 per cent. Specifically, the All-Share Index (ASI) dipped 85.04 points to close at 24,427.73 compared with 24,512.77 achieved on Thursday...
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Access Bank Rewards 1,000 Customers With N87.74m
July 22, 2020 No Responses

Access Bank Rewards 1,000 Customers With N87.74m

Access Bank Plc on Wednesday splashed N87.74 million on over 1,000 customers who emerged winners at the second quarterly draw of DiamondXtra Season 12 reward scheme. Mr Rob Giles, the bank’s Head, Retail Product Insight and Capabilities, said the winners...
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Naira Exchanges At N472 To Dollar At Parallel Market
July 21, 2020 No Responses

Naira Exchanges At N472 To Dollar At Parallel Market

The Naira on Tuesday exchanged at N472 to a dollar at the parallel market in Lagos State, the News Agency of Nigeria (NAN) reports. The Pound Sterling and the Euro also exchanged for N575 and N530 respectively. The Naira, however,...
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Fidelity Bank Appoints Onyeali-Ikpe MD/CEO Designate
July 21, 2020 No Responses

Fidelity Bank Appoints Onyeali-Ikpe MD/CEO Designate

The Board of Directors of Fidelity Bank Plc on Monday announced the impending retirement of Mr. Nnamdi J. Okonkwo, the Managing Director/Chief Executive Officer (MD/CEO).  He will be stepping down from the Board of Directors of the Bank, with effect...
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Heritage Bank Upgrades HB ‘Padie’ Mobile App
July 21, 2020 No Responses

Heritage Bank Upgrades HB ‘Padie’ Mobile App

Heritage Bank has upgraded its HB ‘Padie’ mobile application to HB ‘Padie’ 2.0, which comes with new improved features for convenient, quick, secure and affordable way for seamless 24/7 banking transaction.     A statement explained that the HB ‘...
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SEC Nigeria Pledges To Attract More Investors
July 21, 2020 No Responses

SEC Nigeria Pledges To Attract More Investors

Director General, Securities and Exchange Commission (SEC), Mr. Lamido Yuguda at the weekend, pledged the determination of the current management of the Commission to make the capital market more accessible to Nigerians in a bid to attract more investors. &nbs...
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FMDQ Securities Exchange turnover hits N16.47trn in June
July 17, 2020 No Responses

FMDQ Securities Exchange turnover hits N16.47trn in June

FMDQ Securities Exchange recorded a turnover of N16.47 trillion in the Fixed Income and Currency (FIC) in the month of June.  This is contained in a monthly FIC report obtained by the News Agency of Nigeria (NAN) from FMDQ on...
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Ikeja Hotel, Presco, Others Top Gainers’ Table As Market Capitalisation Recover N105b
July 17, 2020 No Responses

Ikeja Hotel, Presco, Others Top Gainers’ Table As Market Capitalisation Recover N105b

The Nigerian Stock Exchange (NSE) on Thursday maintained positive sentiments  with the market capitalisation advancing by N105 billion, the biggest gain since June 26. Specifically, the market capitalisation appreciated by N105 billion or 0.83 per ce...
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Jaiz Bank Sets Aside N884m For Maiden Dividend
July 16, 2020 No Responses

Jaiz Bank Sets Aside N884m For Maiden Dividend

Shareholders of Jaiz Bank Plc are  to receive a total of N884million dividend payment subjected to appropriate withholding tax. The Chairman of the Bank Alhaji Umaru Mutallab disclosed this at the 8th Annual General Meeting (AGM) of the bank held...
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Market Capitalisation Recovers N8b
July 15, 2020 No Responses

Market Capitalisation Recovers N8b

The Nigerian Stock Exchange (NSE) on Wednesday recorded the first gain of the week, appreciating marginally by 0.06 per cent due to bargain hunting in Airtel Africa. Accordingly, the All-Share Index rose by 15.67 points or 0.06 per cent to...
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CBN Unveils Non-Interest Guidelines For AGSMEIS, MSMEDF, Others
July 15, 2020 No Responses

CBN Unveils Non-Interest Guidelines For AGSMEIS, MSMEDF, Others

The Central Bank of Nigeria (CBN) has unveiled guidelines for Non-Interest Financial Institutions under its Agri-Business, Small and Medium Enterprise Investment Scheme (AGSMEIS) and Micro, Small and Medium Enterprises Development Fund (MSMEDF). In  ...
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