Category: Capital Market/Banking

Tantalizers Embarks On Home Delivery
April 28, 2020 No Responses

Tantalizers Embarks On Home Delivery

Tantalizers Plc has signed a partnership agreement with OyaNow Logistics and Concorde Express in the bid to offer customers greater ease of order delivery across major areas in Lagos. A statement explained that the  QSR front-liner has signed on to the...
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FBN Holdings Shareholders Approve N13.64b Dividend For 2019
April 27, 2020 No Responses

FBN Holdings Shareholders Approve N13.64b Dividend For 2019

Shareholders of FBN Holdings Plc on Monday approved a total dividend of N13.64 billion declared by the company for the financial year ended December 31, 2019. The shareholders gave the approval at the company’s eighth Annual General Meeting (AGM) by...
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UBA Declares N147.2b Gross Earnings, N32.7b Profit In Q1
April 25, 2020 No Responses

UBA Declares N147.2b Gross Earnings, N32.7b Profit In Q1

For the first quarter ended March 31, 2020, United Bank for Africa (UBA) Plc has declared 8.5 percent year-on-year growth in profit before tax to N32.7 billion compared with N30.2 billion recorded in the first quarter of 2019.  UBA Group...
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COVID-19: FirstBank Sustains Faith With Customers
April 24, 2020 No Responses

COVID-19: FirstBank Sustains Faith With Customers

Amid shuttering of social activities especially commercial services, through various lockdown measures to contain the coronavirus pandemic, FirstBank has proven that as long as its customers require services, the Bank will be waiting right in front of them. As...
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Nigerian Breweries Declares N83.2b Revenue, N5.5b Profit In Q1
April 23, 2020 No Responses

Nigerian Breweries Declares N83.2b Revenue, N5.5b Profit In Q1

The Board of Directors of Nigerian Breweries has announced a revenue of N83.2 billion for the first quarter ended March 31.The revenue represented a decrease of 0.09 per cent when compared with N83.3 billion achieved in the corresponding period of...
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Dangote Cement’s N100b Bonds Oversubscribed
April 23, 2020 No Responses

Dangote Cement’s N100b Bonds Oversubscribed

Dangote Cement Plc, on Thursday, announced the successful issuance of its N100 billion Series 1 fixed rate senior unsecured bonds due April 2025.Mr Michel Puchercos, its Chief Executive Officer of the company, said in Lagos that the N100 billion bonds...
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NSE Market Capitalisation Loses N152b
April 22, 2020 No Responses

NSE Market Capitalisation Loses N152b

The Nigerian Stock Exchange (NSE) market capitalisation on Tuesday inched lower by N152 billion, amid sell pressure in 27 stocks. Specifically, the market capitalisation which opened at N11.945 trillion lost N152 billion or 1.27 per cent to close at N11.794...
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COVID-19: Capital Market Support Committee To Raise N1b
April 21, 2020 No Responses

COVID-19: Capital Market Support Committee To Raise N1b

In a bid to support the fight against COVID-19 and its impact on the Nigerian economy, the capital market community has launched an initiative with the aim of raising N1bn within the shortest possible time.  This was stated by the...
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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...
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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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