Category: Capital Market/Banking

FBN Holdings Explains N4.3trillion Deposits, N28.7billion Profit In Q1
April 20, 2020 No Responses

FBN Holdings Explains N4.3trillion Deposits, N28.7billion Profit In Q1

By citybusinessnews@yahoo.com For the First Quarter ended March 31st, 2020,  FBN Holdings attained  Customer Deposits of ₦4.3 trillion, up 6.7%  when compared to the ₦4.0 trillion recorded in December 2019.   In its unaudited results announced on Monday, FBN Holdings explained that Gross Earnings for...
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DiamondXtra: Access Bank To Reward Customers
April 20, 2020 No Responses

DiamondXtra: Access Bank To Reward Customers

Access Bank Plc is set to splash millions of Naira on lucky customers who will emerge winners in the forthcomingDiamondXtra monthly draw scheduled to take place on Wednesday, May 13, 2020.  According to Adaeze Ume, Group Head, Retail Products and Seg...
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Market Indicators Resume Week With 0.01% Loss
April 20, 2020 No Responses

Market Indicators Resume Week With 0.01% Loss

Activities on the Nigerian Stock Exchange (NSE) opened for the week on Monday with a marginal drop of 0.01 per cent. Speficially, the All-Share Index lost 1.18 points or 0.01 per cent to close at 22,920.41 from the 22,921.59 achieved...
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COVID-19: Heritage Bank Adopts ‘Business Continuity Strategy ”
April 20, 2020 No Responses

COVID-19: Heritage Bank Adopts ‘Business Continuity Strategy ”

Heritage Bank Plc has disclosed that the safety and wellbeing of its customers and employees are amongst the most pressing business needs, as the world grapple with the impact of the Coronavirus pandemic on human lives, businesses and economies. In...
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FBN Holdings Emerges Most Active Stock With 47.69m Shares
April 17, 2020 No Responses

FBN Holdings Emerges Most Active Stock With 47.69m Shares

Again, FBN Holdings on Friday emerged the most active stock on the floor of Nigerian Stock Exchange (NSE), exchanging 47.69 million shares worth N219.71 million.  FBN Holdings had on Wednesday topped activity chart with 74.758 shares valued at N354.24mill...
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NSE Hosts First-Ever Digital Closing Gong Ceremony, Lauds Health Workers
April 17, 2020 No Responses

NSE Hosts First-Ever Digital Closing Gong Ceremony, Lauds Health Workers

The Nigerian Stock Exchange (NSE) has expressed its commitment to enhance Corporate and Investors access to the market as part of measures to meet their financial and investment needs during this period and beyond. The Chief Executive Officer of NSE,...
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FirstBank Enhances Palliative Measures, Promotes e-Learning For Nigerians
April 17, 2020 No Responses

FirstBank Enhances Palliative Measures, Promotes e-Learning For Nigerians

Foremost Financial Institution, FirstBank, has unveiled enhanced palliative measures to help its customers and Nigerians through the extended COVID 19 lockdown in some states.  Amongst these measures are; the introduction of  special waivers on repay...
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PwC COVID-19 Survey: Liquidity, Safety Of Staff Top Concerns Of Businesses In Nigeria
April 16, 2020 No Responses

PwC COVID-19 Survey: Liquidity, Safety Of Staff Top Concerns Of Businesses In Nigeria

Businesses in Nigeria have identified Liquidity and the safety of their staff among the most pressing business needs they are concerned about as they grapple with the impact of the COVID-19 pandemic. These are some of the findings from a...
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FBN Holdings Tops Activity Chart With 74.758m Shares
April 16, 2020 No Responses

FBN Holdings Tops Activity Chart With 74.758m Shares

FBN Holdings on Wednesday topped activity chart on the floor of Nigeria Stock Exchange (NSE) with 74.758 million shares valued at N354.24 million.  Zenith Bank followed with 72.11 million shares worth N1.097 billion, while Guaranty Trust Bank traded 36.77...
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Ecobank To Nigerians: Embrace Instant Account Opening With EcobankMobile *326#
April 15, 2020 No Responses

Ecobank To Nigerians: Embrace Instant Account Opening With EcobankMobile *326#

Ecobank Nigeria is encouraging unbanked and underbanked Nigerians which include artisans such as  mechanics, carpenters, electricians, small scale retailers, transporters and others who depend on daily earning for survival, to open bank accounts instantly...
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NSE Unveils Guidance On Virtual Meetings For Stakeholders
April 15, 2020 No Responses

NSE Unveils Guidance On Virtual Meetings For Stakeholders

The Nigerian Stock Exchange (NSE) has published guidance on virtual Board, Committee, and Management Meetings for stakeholders.A statement issued on Wednesday explained that the Guidance is in response to the shift from conventional physical meetings to virtua...
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Task Force Implores Banks To Render Skeletal Services
April 15, 2020 No Responses

Task Force Implores Banks To Render Skeletal Services

The Presidential Task Force (PTF) on COVID-19 (Coronavirus) on Tuesday appealed to banks in the country to continue to give skeletal services to Nigerians as the fight against the pandemic disease continues. National Coordinator of the PTF, Dr Sani Aliyu...
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IMF Projects Recession For Sub-Saharan Africa In 2020
April 14, 2020 No Responses

IMF Projects Recession For Sub-Saharan Africa In 2020

Sub-Saharan Africa’s gross domestic product is expected to contract 1.6 per cent this year, compared with 3.1 per cent growth in 2019, as the coronavirus pandemic wrecks the region’s economies, the International Monetary Fund said on Tuesday.Various Africa...
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SEC Nigeria Clarifies Ban On Sharing Of Gifts At AGM
April 13, 2020 No Responses

SEC Nigeria Clarifies Ban On Sharing Of Gifts At AGM

The Securities and Exchange Commission (SEC) has clarified its position on the sharing of gifts at Annual General Meetings (AGM) as contained in Rule 602 (4) of its Rules and Regulations. According to the SEC, “Rule 602(4) states that ‘’public...
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