Category: Capital Market/Banking

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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NSE Reviews Pension Index
July 1, 2020 No Responses

NSE Reviews Pension Index

The Nigerian Stock Exchange (NSE), on Tuesday, announced the review of the eligibility criteria for the NSE Pension Index in line with changes in the regulatory and market requirements. Chairman, Index Governance Committee, Mr Abimbola Babalola, explained...
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SAHCO Shareholders Approve N223.34m Dividend For 2019
June 30, 2020 No Responses

SAHCO Shareholders Approve N223.34m Dividend For 2019

Shareholders of Skyway Aviation Handling Company PLC (SAHCOL) on Tuesday approved a total dividend of N223.34 million for the financial year ended December  31, 2019, translating to 16.50k per share.  The shareholders unanimously gave the approval at the co...
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Fidelity Bank Lauds NNPC, OilServ, Pledges Support For $2.8b AKK Gas Project
June 30, 2020 No Responses

Fidelity Bank Lauds NNPC, OilServ, Pledges Support For $2.8b AKK Gas Project

Fidelity Bank Plc, Tuesday commended the Nigerian National Petroleum Corporation (NNPC) and Oilserv, contractors to the $2.8bn Ajaokuta – Kaduna – Kano (AKK) Gas Pipeline Project, which was flagged off Tuesday, June 30, 2020, with the ground breaki...
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Court Okays Suits Against Uni Abuja VC, DG SEC
June 30, 2020 No Responses

Court Okays Suits Against Uni Abuja VC, DG SEC

The Federal High Court Abuja on Tuesday, granted the Centre for Social Justice leave to file a suit against the Vice Chancellor of the University of Abuja.  The court equally gave the centre permission to commence legal action against the Director-.....
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