Category: Capital Market/Banking

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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CBN, Bankers’ Committee Halt Sack Of Banks’ Staff
May 4, 2020 No Responses

CBN, Bankers’ Committee Halt Sack Of Banks’ Staff

The Central Bank of Nigeria (CBN) and Bankers’ Committee on Sunday suspended retrenchment or laying-off of any staff of banks, whether full or part time. The CBN Director, Corporate Communications Department, Mr Isaac Okorafor made this known in a statement....
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COVID- 19: Withdraw Old Naira Notes, Group Tells CBN
May 2, 2020 No Responses

COVID- 19: Withdraw Old Naira Notes, Group Tells CBN

The Association of Progressive Nigerians has appealed to the Central Bank of Nigeria (CBN) to withdraw old and tattered naira notes from circulation as the country is battling COVID- 19 pandemic. The group made the appeal in a statement it...
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NECA Faults FIRS’ Call For Advance Tax Payment
May 1, 2020 No Responses

NECA Faults FIRS’ Call For Advance Tax Payment

The Nigeria Employers’ Consultative Association (NECA) has faulted the Federal Inland Revenue Service (FIRS)’s request asking companies to pay their taxes in advance. Its Director-General, Mr Timothy Olawale, who expressed the concern in a statement on Fri...
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UBA Delivers Impressive Returns on Investment, as Shareholders Applaud Bank’s Support in Fight against COVID-19
May 1, 2020 No Responses

UBA Delivers Impressive Returns on Investment, as Shareholders Applaud Bank’s Support in Fight against COVID-19

Leading African financial institution, United Bank for Africa Plc (UBA) held its Annual General Meeting virtually by proxy on Wednesday, April 29, 2020 – a first in UBA’s seventy-one year history. The meeting, which had in attendance shareholders, manageme...
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Access Bank Shareholders Laud 2019 Performance, Dividend Payment
May 1, 2020 No Responses

Access Bank Shareholders Laud 2019 Performance, Dividend Payment

Access Bank Plc shareholders on Thursday commended the board, management and staff for the impressive performance recorded in 2019 financial year in spite of challenging operating environment. The shareholders gave the commendation at the bank’s 31st Annual ...
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First Bank’s *894# USSD Banking Service Hits 9.5m Customers
May 1, 2020 No Responses

First Bank’s *894# USSD Banking Service Hits 9.5m Customers

First Bank of Nigeria Limited said on Thursday that its *894# Unstructured Supplementary Service Data (USSD) quick banking service was being used by no fewer than 9.5 million customers. Mr Chuma Ezirim, First Bank’s Group Executive, e-Business, Retail Produc...
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3,256 Benefits From CBN N50b COVID-19 Credit Facility
April 30, 2020 No Responses

3,256 Benefits From CBN N50b COVID-19 Credit Facility

No fewer than 3,256 individuals and small businesses have so far benefited from the Central Bank of Nigeria’s (CBN) N50 billion Targeted Credit Facility (TCF) to cushion effects of COVID-19. The Managing Director of Nigeria Incentive-Based Risk Sharing Syste...
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NSE Reiterates Commitment To Business Opportunities, Market Sustainability
April 30, 2020 No Responses

NSE Reiterates Commitment To Business Opportunities, Market Sustainability

The Nigerian Stock Exchange (NSE) has pledged to sustain market activities, leverage all available opportunities and maintain open lines of communication to all  stakeholders.  Chief Executive Officer of NSE, Oscar N. Onyema in an interview published...
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