Category: Capital Market/Banking

NSE Market Capitalisation Records N119b Loss
June 15, 2020 No Responses

NSE Market Capitalisation Records N119b Loss

Nigerian equities market resumed trading on Monday with a loss of 0.91 per cent as a result of profit taking in some blue chips. Speficially, the All-Share Index which opened the week at 25,182.67 lost 228.35 points or 0.91 per...
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“Uduk, SEC Nigeria Acting DG Has Not Resigned”
June 15, 2020 No Responses

“Uduk, SEC Nigeria Acting DG Has Not Resigned”

The Securities and Exchange Commission (SEC) on Sunday denied Reports that Ms Mary Uduk, its Acting Director-General has resigned from the commission. Head, Corporate Communication, SEC, Mrs Efe Ebelo in a statement described the purported resignation of Uduk ...
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FBN Insurance Records N37.63bn Premium In 2019
June 13, 2020 No Responses

FBN Insurance Records N37.63bn Premium In 2019

For the year 2019, FBN Insurance Limited recorded N37.63 billion Gross Premium Written (GPW), an increase of 45 per cent when compared to N25.98 billion achieved in 2018. The company in a statement explained that the audited annual report was...
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First Bank Hands Over 10,000 e-Learning Devices To Lagos State
June 12, 2020 No Responses

First Bank Hands Over 10,000 e-Learning Devices To Lagos State

First Bank on Thursday handed over  20,000 e-learning devices to the Lagos State Government as part of measures to boost e-learning in schools.  Speaking at the event, Governor Babajide Sanwo-Olu explained that  technology/e-learning was a way t...
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Access Bank Boosts Financial Literacy With e-Learning
June 12, 2020 No Responses

Access Bank Boosts Financial Literacy With e-Learning

Access Bank Plc has unveiled  Access9ijaKids, a 12-week eLearning programme aimed at improving the intelligence quotients, financial literacy and civic knowledge of primary school children. The programme is part of the bank’s commitment in supporting th...
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Polaris Agency Banking, SurePadi Records N10b Transactions
June 11, 2020 No Responses

Polaris Agency Banking, SurePadi Records N10b Transactions

Within its first 100 days of introduction, Polaris Bank’s Agency Banking initiative, SurePadi, has serviced over half a million customers impacting directly an estimated two million households across the seven business regions of the Bank nationwide.  &nbsp...
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Heritage Bank-Dukia Gold To Boost Nigeria’s 200mn ounces Of Gold Potential Reserves
June 11, 2020 No Responses

Heritage Bank-Dukia Gold To Boost Nigeria’s 200mn ounces Of Gold Potential Reserves

The Federal Government of Nigeria has commended Heritage Bank for being part of a valuable private sector collaboration with Dukia Gold & Precious Metals Refining Co. Ltd, saying such partnership stands to create new opportunities for Nigeria to grow its.....
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BUA Cement lifts NSE As Market Capitalisation Retains N45b
June 9, 2020 No Responses

BUA Cement lifts NSE As Market Capitalisation Retains N45b

The Nigerian Stock Exchange (NSE) key market indices improved further by 0.34 per cent on Tuesday due to sustained interest in BUA Cement. Speficially, the All-Share Index which opened at 25,249.96, rose by 85.19 points or 0.34 per cent to...
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MTN Nigeria Explains Completion Of N100b Commercial Paper
June 9, 2020 No Responses

MTN Nigeria Explains Completion Of N100b Commercial Paper

MTN Nigeria Communications (MTNN) Plc on Tuesday announced the successful issuance of N100 billion Series I & II Commercial Paper (CP) notes. MTNN stated this in a notice to the Nigerian Stock Exchange (NSE) and the investing public signed by...
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Fidelity Bank Donates N10m To Kano Govt
June 6, 2020 No Responses

Fidelity Bank Donates N10m To Kano Govt

The management of Fidelity Bank Plc has donated N10 million to Kano State Government for the prevention and control of COVID-19 pandemic in the state. Mr Hassan Imam, Executive Director, Northern operation of the bank who presented the cheque on...
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Profit Taking: NSE Slides Further By N155b
June 5, 2020 No Responses

Profit Taking: NSE Slides Further By N155b

Profit taking was persistent on the Nigerian Stock Exchange (NSE) on Friday with investors net worth dropping further by N155 billion. Specifically, the market capitalisation dipped N155 billion or 1.17 per cent to close at N13.049 trillion compared with N13.2...
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UBA Rewards 100 More Customers With N100,000 Each
June 5, 2020 No Responses

UBA Rewards 100 More Customers With N100,000 Each

United Bank for Africa (UBA) Plc has rewarded another set of 100 loyal customers with a total of N10m in the UBA Bumper account draw. A statement sent to City Business News (www.citybusinessnews.com) on Friday explained that the 100 customers...
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NSE Succumbs To Profit Taking, Loses N50b
June 4, 2020 No Responses

NSE Succumbs To Profit Taking, Loses N50b

The Nigerian Stock Exchange (NSE) market indicators succumbed to profit taking on Thursday, dropping by 0.38 per cent. Speficially, the All-Share Index dipped 95.91 points, representing a dip of 0.38 per cent to close at 25,312.05 compared with 25,407.96 poste...
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FBNQuest Educates Nigerians on estate planning, wealth transfer
June 4, 2020 No Responses

FBNQuest Educates Nigerians on estate planning, wealth transfer

FBNQuest Trustees, a subsidiary of FBN Holdings Plc, is offering expert guidance on estate planning as an important requirement for successful wealth transfer. In a statement on Thursday, Mr Adekunle Awojobi, FBNQuest Managing Director, explained that through ...
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