Category: Capital Market/Banking

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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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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