Category: Capital Market/Banking

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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Berger Paints Declares N3.59b Revenue, N448.7m Profit In 2019
June 24, 2020 No Responses

Berger Paints Declares N3.59b Revenue, N448.7m Profit In 2019

For the year ended December 31, 2019, Berger Paints Nigeria Plc recorded a revenue of N3.59 billion as against N3.3 billion attained in the preceding year, an increase of six per cent. Also, gross profit for the year grew by...
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Stockbrokers Task FG On Fixed Income Securities
June 24, 2020 No Responses

Stockbrokers Task FG On Fixed Income Securities

Stockbrokers on the Nigerian Stock Exchange have called for more issuance of fixed income securities by the government to finance infrastructure deficit. They described the recent over-subscription of Sukuk Ijarah, issued by the Federal Government, as a clear ...
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Access Bank Unveils Digital Cashflow Lending For SMEs
June 24, 2020 No Responses

Access Bank Unveils Digital Cashflow Lending For SMEs

As part of effort to provide access to finance for SMEs to grow and expand their businesses, Access bank Plc has launched a digital lending portal, “Cashflow Loans by Access”.  A statement issued by Access Bank explained that the portal...
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Unity Bank, Dangote Sugar Top Losers’ Table As Market Capitalisation Drops Further By N2b
June 23, 2020 No Responses

Unity Bank, Dangote Sugar Top Losers’ Table As Market Capitalisation Drops Further By N2b

The Nigerian Stock Exchange (NSE) on Tuesday extended negative mood with  market capitalisation dropping by N2billion. Specifically, the market capitalisation which opened at N12.913 trillion shed two billion naira or 0.02 per cent to close at N12.911 trilli...
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Again, FBNHoldings Wins World Finance Best Corporate Governance Award
June 22, 2020 No Responses

Again, FBNHoldings Wins World Finance Best Corporate Governance Award

Nigeria’s leading financial services group and holding company, FBN Holdings Plc, has won the 2020 Best Corporate Governance in Nigeria Award.  A statement explained that World Finance is renowned for its comprehensive coverage and analysis of the globa...
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Ecobank Supports Financial Inclusion Via Xpress Points
June 18, 2020 No Responses

Ecobank Supports Financial Inclusion Via Xpress Points

Ecobank Nigeria says its agency banking scheme, also known as Xpress Points, is building entrepreneurs and pushing financial inclusion to the large unbanked and under-banked population in Nigeria.  In a statement, the lender explained that its Xpress Poin...
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Nestle, Cadbury, Flour Mills Top Gainers’ Table As Market Capitalisation Recovers N22billion
June 17, 2020 No Responses

Nestle, Cadbury, Flour Mills Top Gainers’ Table As Market Capitalisation Recovers N22billion

The Nigerian Stock Exchange (NSE) rebounded on Wednesday by 0.17 per cent amid renewed bargain hunting after two consecutive days of downward trend. Specifically, the All-Share Index increased by 42.01 points to close at 24,972.89 compared with 24,930.88 achie...
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Expert To FG: List NNPC On Stock Exchange
June 16, 2020 No Responses

Expert To FG: List NNPC On Stock Exchange

The federal government has been urged to prioritise the listing of the Nigerian National Petroleum Corporation (NNPC) on the Nigerian Stock Exchange (NSE) as part of its Economic Sustainability Plan. Uche Uwaleke, Professor of Capital Market at the Nasarawa St...
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