Category: Capital Market/Banking

Sterling Bank reports 10% growth in half-year net interest income
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...
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SEC Capital Market Institute Expands Operations
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...
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Zenith Bank Fetes Customers
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...
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Nestlé Nigeria Declares N141b Revenue, N22b Profit In Six Months
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, ...
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Ecobank Nigeria Unveils Loan Package For Female Entrepreneurs
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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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...
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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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