Category: Capital Market/Banking

MTN Nigeria, Vitafoam, Others Lift Market Capitalisation By N15b
July 10, 2020 No Responses

MTN Nigeria, Vitafoam, Others Lift Market Capitalisation By N15b

The key market indices of the Nigerian Stock Exchange (NSE) on Friday rebounded by 0.12 per cent following price appreciation achieved by MTN Nigeria Communications. The News Agency of Nigeria (NAN) reports that MTN Nigeria Communication dominated the gainers’ table...
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Conoil, Arbico,Vitafoam Top Losers’ Table As Market Capitalisation Drop By N1b
July 9, 2020 No Responses

Conoil, Arbico,Vitafoam Top Losers’ Table As Market Capitalisation Drop By N1b

Sentiments in the nation’s bourse weakened on Thursday, with the All-Share Index dropping by 0.01 per cent. Specifically, the All-Share Index (ASI) decreased by 1.51 points to close at 24,276.56 in contrast with 24,278.07 achieved on Wednesday. Accordingly, ...
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Access Bank To Acquire Zambian Bank
July 9, 2020 No Responses

Access Bank To Acquire Zambian Bank

Access Bank Plc has announced plans for acquisition of 100 per cent of Cavmont Bank Limited, a Zambia-based financial institution. The bank disclosed this in a regulatory filing to the Nigerian Stock Exchange (NSE) signed by Mr Sunday Ekwuochi, its...
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NSE Cautions Investors On Shares Of Medview Airline,DN Tyre, Union Homes, Others
July 9, 2020 No Responses

NSE Cautions Investors On Shares Of Medview Airline,DN Tyre, Union Homes, Others

The Nigerian Stock Exchange (NSE) has urged investors to trade with caution on the shares of 13 companies for failing to submit financial statements without any explanation. The News Agency of Nigeria (NAN) reports that the affected companies include Aso...
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Lafarge Africa, Julius Berger Top Gainers Table AS Market Capitalisation Sustain Growth With N94b
July 8, 2020 No Responses

Lafarge Africa, Julius Berger Top Gainers Table AS Market Capitalisation Sustain Growth With N94b

Activities on the Nigerian Stock Exchange (NSE) on Wednesday extended gaining streak, with indices rising by 0.75 per cent on renewed investors’ interest. Specifically, the All-Share Index rose by 180.59 points or 0.75 per cent to close at 24,278.07 compared...
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Interest In Airtel Africa, BUA Cement, Zenith Bank Lift Market Capitalisation By N35b
July 7, 2020 No Responses

Interest In Airtel Africa, BUA Cement, Zenith Bank Lift Market Capitalisation By N35b

The nation’s bourse halted negative trend on Tuesday due to investors’ interest in Airtel Africa, BUA Cement and 15 other equities. Consequently, the All-Share Index rose by 71.43 points or 0.30 per cent to close higher at 24,097.48 compared with...
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FCTA Threatens To Shut GTBank Over Alleged COVID-19 Protocol Violation
July 7, 2020 No Responses

FCTA Threatens To Shut GTBank Over Alleged COVID-19 Protocol Violation

The Federal Capital Territory Administration (FCTA) has threatened to seal some Guarantee Trust Bank branches in Abuja over alleged non-adherence to COVID-19 safety protocols in their operations. Chairman of the FCTA Enforcement Team on COVID-19, Mr Ikharo Att...
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Yuguda, New SEC Nigeria Boss Resumes, Pledges To Tackle Market Manipulation
July 6, 2020 No Responses

Yuguda, New SEC Nigeria Boss Resumes, Pledges To Tackle Market Manipulation

The Director General of the Securities and Exchange Commission(SEC) Mr. Lamido Yuguda has stated that the capital market has a lot of potentials for growth and development of Nigeria post COVID-19 and beyond.  Yuguda resumed alongside the Executive Commis...
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Access Bank To Reward Over 1,000 DiamondXrra Customers
July 6, 2020 No Responses

Access Bank To Reward Over 1,000 DiamondXrra Customers

Access Bank Plc is to reward over 1,000 DiamondXtra customers with various grants and cash prize in the second DiamondXtra quarterly draw of Season 12. The bank’s Group Head, Retail Products and Segments, Adaeze Ume, disclosed this in a statement...
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Market Capitalisation Opens Week With N162b Loss
July 6, 2020 No Responses

Market Capitalisation Opens Week With N162b Loss

The Nigerian Stock Exchange (NSE) market capitalisation opened the week on Monday with a loss of N162 billion in a day. Specifically, the market capitalisation which opened at N12.695 trillion lost N162 billion to close at N12.533 trillion. Also, the...
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Fidelity Bank Appoints Chike-Obi Chairman
July 6, 2020 No Responses

Fidelity Bank Appoints Chike-Obi Chairman

Fidelity Bank Plc has announced the appointment of Mr Mustafa Chike-Obi as the Chairman of the bank. Chike-Obi, who is currently Executive Vice Chairman at Alpha African Advisory, has over 40 years of experience in investment banking and the financial...
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Heritage Bank Shuts Branch Over Suspected Coronavirus Case
July 4, 2020 No Responses

Heritage Bank Shuts Branch Over Suspected Coronavirus Case

Heritage Bank Plc has closed down an Experience Centre (branch) at Allen Avenue, Ikeja, Lagos State over “unconfirmed case” of Coronavirus.  In a statement made available to Journalists and customers, the bank said a deep hygiene clean up has been...
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PwC Nigeria Admits Eight New Partners
July 3, 2020 No Responses

PwC Nigeria Admits Eight New Partners

PwC Nigeria has admitted eight professionals into its partnership, with effect from July 1, 2020.  According to PwC, this is a record number for “the leading professional services firm, demonstrating its commitment to diversity, inclusion, and developin...
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Okonedo Replaces Oteh On Ecobank Board
July 2, 2020 No Responses

Okonedo Replaces Oteh On Ecobank Board

Shareholders of Ecobank Transnational Incorporated (ETI) have elected Prof. Enase Okonedo and Mr Simon Dornoo as board members of the bank. A statement issued by Adenike Laoye, its Group Head Communication on Wednesday explained that the election took place at...
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