Category: Capital Market/Banking

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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Cutix, Okomu Oil Top Gainers’ Table As Market Capitalisation Records N15b Growth
June 29, 2020 No Responses

Cutix, Okomu Oil Top Gainers’ Table As Market Capitalisation Records N15b Growth

Activities on the Nigerian Stock Exchange (NSE) resumed on Monday for the week on a positive note with key indicators improving by 0.12 per cent. Specifically, the All-Share Index (ASI) increased by 29.87 points, indicating a growth of 0.12 per...
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FirstBank Upgrades Mobile Banking Application
June 27, 2020 No Responses

FirstBank Upgrades Mobile Banking Application

First Bank of Nigeria Limited has upgraded its mobile banking application, FirstMobile, with new and improved features to promote safe and convenient Mobile Banking experience for customers. The bank’s Group Executive, e-Business & Retail Produ...
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Ecobank Extends Zero Charge For Digital Money Transfers
June 27, 2020 No Responses

Ecobank Extends Zero Charge For Digital Money Transfers

Ecobank has extended its zero charge fee for digital money transfers below N5,000 till the end of September this year.  In addition to the free USSD session fee currently enjoyed by Ecobank customers, users of Ecobank Mobile, Ecobank Online, USSD...
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Airtel Africa, Nestle Top Gainers’ Table As Market Capitalisation Recovers N107b
June 26, 2020 No Responses

Airtel Africa, Nestle Top Gainers’ Table As Market Capitalisation Recovers N107b

After days of bearish trend, transactions rebounded on the Nigerian Stock Exchange (NSE) on Friday with the market capitalisation increasing by N107 billion, The market capitalisation closed at N12.952 trillion, compared with N12.845 trillion achieved on Thurs...
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First Bank Empowers Women Through First Gem online Community
June 26, 2020 No Responses

First Bank Empowers Women Through First Gem online Community

First Bank of Nigeria Limited has unveiled all-female online community www.firstgem.com.ng, offers mentoring, support and capacity building opportunities for all to create a new generation of financially literate women. With the aim to increase its engagement...
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Nigerian Breweries Shareholders Approve N16.1b Dividend For 2019
June 24, 2020 No Responses

Nigerian Breweries Shareholders Approve N16.1b Dividend For 2019

Nigerian Breweries shareholders have approved N16.1 billion as dividend for the financial year ended December 31, 2019, translating to N2.01 per share.. Chairman of the company,Chief Kola Jamodu in a statement on Wednesday explained that the approval was sec...
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