Category: Capital Market/Banking

Sterling Bank Explains N2.1b Profit In Q1
May 11, 2020 No Responses

Sterling Bank Explains N2.1b Profit In Q1

For the first quarter ended March 31, 2020, Sterling Bank Plc has reported gross earnings and profit after tax of N32.9 billion and N2.065 billion respectively.   The Bank also reported net operating income of N18.779 billion compared with N18.565 billion...
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SEC Nigeria Implores Stakeholders On Full Disclosures, Reopens Head Office
May 11, 2020 No Responses

SEC Nigeria Implores Stakeholders On Full Disclosures, Reopens Head Office

The Securities and Exchange Commission, SEC has reminded regulated entities in the capital market to continue to make adequate disclosures on the impact of COVID-19 on their businesses This was contained in a circular by the Commission to provide update...
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NSE Ranks Second In Bloomberg’s Best Performing Indexes
May 8, 2020 No Responses

NSE Ranks Second In Bloomberg’s Best Performing Indexes

Despite  the global Coronavirus (COVID-19) pandemic,the Nigerian Stock Exchange (NSE) has continued to enjoy significantly rallies in recent weeks.  As the Exchange sustains remote trading, free flow of information and vibrant market activity, the index ha...
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CBN Disburses Loan To Maize Farmers
May 8, 2020 No Responses

CBN Disburses Loan To Maize Farmers

The Central Bank of Nigeria (CBN) has commenced the disbursement of loans to maize farmers in Anambra under its Anchor Borrower Programme meant for the 2019 farming season.  Speaking at the event on Thursday, Mrs Bridget Okpalaeke, the Development Finance...
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NSE Boosts Fight Against Coronavirus With N100m
May 7, 2020 No Responses

NSE Boosts Fight Against Coronavirus With N100m

The Nigerian Stock Exchange (NSE) has committed the sum of N100 million to support the fight against coronavirus pandemic in the country. The exchange explained in a statement on Thursday that N60 million out of the N100 million would be...
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Market Capitalisation Gains N110b
May 7, 2020 No Responses

Market Capitalisation Gains N110b

Activities on the Nigerian Stock Exchange (NSE) remained upbeat on Thursday with the market capitalisation improving further by N110 billion following gains in Nestle and Dangote Cement. Consequently, the market capitalisation which opened at N12.582 trillion ...
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Ecobank Nigeria Opens More Branches, Urges Customers To Obey COVID-19 Rules
May 7, 2020 No Responses

Ecobank Nigeria Opens More Branches, Urges Customers To Obey COVID-19 Rules

Ecobank Nigeria has encouraged its customers to obey COVID-19 rules,  emphasizing the importance of social distancing to check the spread of the Coronavirus, especially when visiting the branches. The bank which gave this advice in a mail to customers als...
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UBA Rewards 100 Customers With N100,000
May 7, 2020 No Responses

UBA Rewards 100 Customers With N100,000

United Bank for Africa (UBA) Plc has rewarded 100 loyal customers with N100,000 each in the UBA Bumper account draw.   The draw, which took place at the UBA Head office on Tuesday, was held via the Facebook platform in strict compliance...
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Market Capitalisation Sustains Growth, Retains N167b
May 6, 2020 No Responses

Market Capitalisation Sustains Growth, Retains N167b

The Nigerian stock market on Wednesday extended its positive sentiment rally with the market indices appreciating by 1.40 per cent. Specifically, the All-Share Index (ASI) increased by 334.06 points, representing a growth of 1.40 per cent to close at 24,143.37...
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Union Bank Shareholders Laud 2019 Performance, Okay 25k Dividend
May 5, 2020 No Responses

Union Bank Shareholders Laud 2019 Performance, Okay 25k Dividend

Shareholders of Union Bank of Nigeria (UBN) Plc have commended the board and management for enhanced profitability achieved in 2019 financial year. The bank, in a statement, said the shareholders gave the commendation at its first ever virtual Annual General.....
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NSE’s Market Capitalisation Recovers N375b
May 5, 2020 No Responses

NSE’s Market Capitalisation Recovers N375b

The capitalisation of the Nigerian Stock Exchange (NSE),  rose by N375 billion in six hours of trading, amid price appreciation recorded by some blue chips. Specifically, the market capitalisation which opened at N12.033 trillion, rose by N375 billio...
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SEC Nigeria To Investors: Explore Opportunities In Capital Market
May 5, 2020 No Responses

SEC Nigeria To Investors: Explore Opportunities In Capital Market

As the Coronavirus pandemic continues to ravage the world and businesses and individuals suffer the effects, Nigerians have been urged to look to the capital market as an avenue to create wealth. This was stated by the Acting Director General...
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Fidelity Bank Reassures Customers, Staff Of Safety As Shareholders Okay N5.79b Dividend
May 4, 2020 No Responses

Fidelity Bank Reassures Customers, Staff Of Safety As Shareholders Okay N5.79b Dividend

Fidelity Bank says it will continue to take measures that will ensure the safety of customers, staff and other stakeholders during the period of COVID-19. The bank, in a statement on Monday, said its Chairman, Mr Ernest Ebi, gave the...
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Ecobank Pledges Improved Customer Satisfaction
May 4, 2020 No Responses

Ecobank Pledges Improved Customer Satisfaction

Group Chief Executive Officer of Ecobank Bank Transnational Incorporated, Mr. Ade Ayeyemi, has said the focus of the bank is on making sure that it meets the needs of customers despite the pandemic, while also ensuring their wellbeing and safety...
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