Category: Capital Market/Banking

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 N13.204...
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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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UPDC Lists N16b Rights Issue On NSE
June 2, 2020 No Responses

UPDC Lists N16b Rights Issue On NSE

UACN Property Development Company (UPDC) Plc on Tuesday, listed N16 billion rights issue of 15.96 billion ordinary shares at N1 per share on the Nigerian Stock Exchange (NSE). With the listing, the company became yet another beneficiary of the Exchange’s&nbs...
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Nigerian Breweries, GTBank, Zenith, Top Activity Chart As NSE Sustain N48b Growth
June 2, 2020 No Responses

Nigerian Breweries, GTBank, Zenith, Top Activity Chart As NSE Sustain N48b Growth

Transactions in the shares of Nigerian Breweries topped the activity chart on the floor of Nigerian Stock Exchange (NSE) on Tuesday with 50.46 million shares valued at N2.22 billion.  Guaranty Trust Bank followed with 40.45 million shares worth N1.01 bill...
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Zenith Bank Emerges Best Bank In Nigeria
June 1, 2020 No Responses

Zenith Bank Emerges Best Bank In Nigeria

Zenith Bank Plc, Nigeria’s leading financial institution, has emerged as the Best Bank in Nigeria in the recently released Global Finance Magazine World’s Best Banks Awards 2020. The awards, which was published in the May 2020 edition of the Global...
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Japaul, Nahco Top Gainers’ Table As NSE Records N24b Growth
June 1, 2020 No Responses

Japaul, Nahco Top Gainers’ Table As NSE Records N24b Growth

The Nigeria Stock Exchange (NSE) on Monday resumed trading in June on a positive note, with the All- Share Index appreciating by 0.19 per cent. Specifically, the index rose by 48.33 points or 0.19 per cent to close at 25,316.15...
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CBN Adjusts Timelines For Reversals Of Complaints On Electronic Channels
June 1, 2020 No Responses

CBN Adjusts Timelines For Reversals Of Complaints On Electronic Channels

The Central Bank of Nigeria (CBN) has adjusted timelines for reversals or resolution of refund complaints on electronic channels with effect from June 8. The CBN Director, Corporate Communications, Mr Isaac Okorafor, made this known in a statement in Abuja...
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Stockbrokers Implore Nigerians On FG’s N150b Sukuk
May 31, 2020 No Responses

Stockbrokers Implore Nigerians On FG’s N150b Sukuk

The Chartered Institute of Stockbrokers (CIS) has urged Nigerians to support the Federal Government’s growth initiatives by subscribing to its N150 billion Sukuk. The N150 billion Sukuk, a profitable financial instrument presently on sale to the investing pu...
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Fidelity Bank Partners ESLF On Support For Less Privileged In Benue
May 31, 2020 No Responses

Fidelity Bank Partners ESLF On Support For Less Privileged In Benue

Fidelity Bank Plc has donated the sum of N10 million to Eunice Spring of Life Foundation (ESLF), a pet project of the Benue First Lady.  According to the Bank, the donation would enable the organisation, in no small measure implement...
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Obasanjo,Kufour, Jonathan,Sirleaf, Others Rally Support For Adesina
May 30, 2020 No Responses

Obasanjo,Kufour, Jonathan,Sirleaf, Others Rally Support For Adesina

No fewer than 15 former African Presidents on Friday rallied support for President of African Development Bank (AfDB), Dr Akinwumi Adesina. In a statement signed by the ex presidents, including Nigeria’s Olusegun Obasanjo and Goodluck Jonathan, the former le...
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AfDB: Why The US Is Targeting Akinwumi Adesina
May 30, 2020 No Responses

AfDB: Why The US Is Targeting Akinwumi Adesina

The US and the African Development Bank have fallen out over allegations of corruption against the bank’s Nigerian head, writes former BBC Africa Business editor, Larry Madowo. Akinwumi Adesina is a sharp dresser known for his expensive tailored suits, i...
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Bua Cement, Flour Mills Top Gainers’ Table As Market Capitalisation Expand Growth By N53b
May 29, 2020 No Responses

Bua Cement, Flour Mills Top Gainers’ Table As Market Capitalisation Expand Growth By N53b

The key performance indicators of the Nigerian Stock Exchange (NSE) closed the last trading day of May with 0.40 per cent growth. Specifically, the market capitalisation on Friday inched higher by N53 billion or 0.40 per cent to close at...
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