Category: Capital Market/Banking

Fidelity Bank To Bridge Finance Gaps For Women Entreprenuers, MSMEs
March 7, 2020 No Responses

Fidelity Bank To Bridge Finance Gaps For Women Entreprenuers, MSMEs

Fidelity Bank Plc on Friday expressed commitment to continuous support and development of women entrepreneurs to address the short-term financing needs of Micro, Small & Medium Enterprises (MSMEs). Mr Nnamdi Okonkwo, the bank’s Managing Director, stated this at its mentoring...
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Union Bank Explains First Dividend In Ten Years, Agenda For 2020
March 6, 2020 No Responses

Union Bank Explains First Dividend In Ten Years, Agenda For 2020

By Moses Ebosele, ebosele@hotmail.com — For the first time in more than ten years, Union Bank Nigeria Plc has set aside dividend for its shareholders.  The 25kobo dividend is for the financial year ended December 31, 2019 and is based...
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Osibanjo: FG Will Use New Finance Act To Protect MSMEs
March 6, 2020 No Responses

Osibanjo: FG Will Use New Finance Act To Protect MSMEs

The Federal Government will use the opportunities provided by the newly signed Finance Act to protect Micro Small and Medium-scale Enterprises (MSME) in the country, Vice President Yemi Osibanjo, has said.  Speaking on Thursday in Abakaliki during the lau...
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2019: Coronation Merchant Bank Declares N5.09b
March 6, 2020 No Responses

2019: Coronation Merchant Bank Declares N5.09b

Coronation Merchant Bank Limited on Thursday announced a profit after tax of N5.09 billion for the financial year ended Dec. 31, 2019. The profit after tax represents a growth of 14 per cent when compared with N4.48 billion recorded in...
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Again, Zenith Bank Emerges Most Valuable Banking Brand In Nigeria
March 4, 2020 No Responses

Again, Zenith Bank Emerges Most Valuable Banking Brand In Nigeria

Foremost financial institution, Zenith Bank Plc has again emerged as the Most Valuable Banking Brand in Nigeria in the new Banker Magazine Top 500 Banking Brands 2020.For the third consecutive year, Zenith Bank has been ranked as the number one...
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Nestle, MTN Nigeria Top Gainers’ Table As NSE Recovers N232b
March 4, 2020 No Responses

Nestle, MTN Nigeria Top Gainers’ Table As NSE Recovers N232b

The Nigerian Stock Exchange (NSE) on Tuesday recovered 1.70 per cent on renewed investors’ interest in high yield dividend stocks. Speficially, the All-Share Index, which opened at 25,816.57, inched 438.54 points or 1.70 per cent to close at 26,255.11. Conse...
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NSE Members Assent To Demutualisation Resolutions
March 3, 2020 No Responses

NSE Members Assent To Demutualisation Resolutions

Members of the Nigerian Stock Exchange (NSE) have passed requisite resolutions for the demutualisation of The Exchange .At a Court Ordered Meeting (COM) and an Extraordinary General Meeting (EGM) held on Tuesday, March 3, 2020 at The Grand Banquet Hall,...
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FirstBank Boss At FinTech Summit In Bulgaria, Explains Fresh Innovations, Empowerment
March 3, 2020 No Responses

FirstBank Boss At FinTech Summit In Bulgaria, Explains Fresh Innovations, Empowerment

By Moses Ebosele, ebosele@hotmail.com The Chief Executive Officer, First Bank of Nigeria Limited, Dr. Adesola Adeduntan participated as a keynote speaker at the just concluded  Annual FinTech & InsureTech Summit held In Bulgaria.A statement issue...
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GTBank Declares N196.85b Profit, N2.50 Final Dividend For 2019
March 3, 2020 No Responses

GTBank Declares N196.85b Profit, N2.50 Final Dividend For 2019

For the year ended December 31, 2019, Guaranty Bank Trust (GTBank) Plc on Monday declared  profit of N196.85 billion and  final dividend of N2.50 per share.  According to the Bank, the profit after tax represented an increase of 6.6 per...
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Sanwo-Olu Commissions UBA Business Office
March 3, 2020 No Responses

Sanwo-Olu Commissions UBA Business Office

The United Bank for Africa (UBA) has officially added a new touch point to its network. UBA operates in 20 African countries and in the United Kingdom, the USA and France.  The new branch in Afriland towers on the Lagos...
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UBA Explains N89.1b Profit After Tax In 2019
March 1, 2020 No Responses

UBA Explains N89.1b Profit After Tax In 2019

For the financial year ended December 31, 2019, United Bank of Nigeria (UBA) Plc has posted a profit after tax of N89.1 billion The profit after tax represented a growth of 13.3 percent to N89.1 billion compared with N78.6 billion...
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2019: MTN Nigeria Declares N4.97 Final Dividend, To Invest N600b In Network
March 1, 2020 No Responses

2019: MTN Nigeria Declares N4.97 Final Dividend, To Invest N600b In Network

MTN Nigeria Communications Plc has declared a final dividend of N4.97 per share for the financial year ended Dec. 31, 2019 just as it declared to invest N600 billion in network in the next three years. Mr Ferdi Moolman, the...
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First Bank Wins 2019 Oil And Gas Banker Award
February 29, 2020 No Responses

First Bank Wins 2019 Oil And Gas Banker Award

First Bank of Nigeria Limited was recently presented with the Oil and Gas Banker of Year 2019 award at the Patrons’ Dinner and Industry Awards of the Nigeria International Petroleum Summit held at Transcorp Hilton, Abuja. The four-day event, comprising.....
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NSE Market Capitalisation Loses N308b
February 29, 2020 No Responses

NSE Market Capitalisation Loses N308b

Trading on the Nigerian Stock Exchange (NSE) on Friday ended on panic mood, as the country recorded the first Coronavirus case after Egypt and Algeria. The News Agency of Nigeria (NAN) reports that the panic mood affected trading on the...
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