Category: Capital Market/Banking

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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NSE Intensifies Financial Literacy Campaign Through Comic Book
February 28, 2020 No Responses

NSE Intensifies Financial Literacy Campaign Through Comic Book

—- By Olumide Orojimi Nigeria’s financial ecosystem is rapidly evolving with the introduction of increasingly disruptive financial products and services. As the world moves to more sophisticated financial instruments, the need to pay closer attention t...
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Ecobank To Appeal Judgment On Disputed FIRS Tax Liability
February 28, 2020 No Responses

Ecobank To Appeal Judgment On Disputed FIRS Tax Liability

Ecobank Nigeria wishes to provide its position on a statement released by the Federal Inland Revenue Service (FIRS) on the judgement of the Tax Appeal Tribunal (TAT), sitting in Lagos in respect of a disputed tax liability between the Bank...
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NSE Market Capitalisation Records N181b Loss
February 25, 2020 No Responses

NSE Market Capitalisation Records N181b Loss

Activities on the nation’s bourse opened for the week on Monday still on a negative outlook with the market capitalisation shedding N181 billion. Speficially, the market capitalisation following free fall of stocks, lost N181 billion or 1.27 per cent to...
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Nigeria To Introduce Incentives To Boost Capital Market
February 25, 2020 No Responses

Nigeria To Introduce Incentives To Boost Capital Market

Minister of Finance, Budget and National Planning, Dr Zainab Ahmed, on Monday said the Federal Government of Nigeria will further introduce incentives to boost investments in the nation’s capital market. Ahmed gave the assurance during a visit to the Nigeria...
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Gambling Affiliates Lose 70% In Stock Market Value
February 24, 2020 No Responses

Gambling Affiliates Lose 70% In Stock Market Value

Data gathered and calculated by GoldenCasinoNews.com indicates that the top five gambling affiliate companies have lost 70% in stock market value over the last two years.The affected affiliates include Gaming Innovation Group, whose value has declined by -87.7...
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SEC Nigeria Holds International Commodities Conference
February 24, 2020 No Responses

SEC Nigeria Holds International Commodities Conference

In a bid to further deepen the capital market and have a vibrant commodities exchange, the securities and Exchange Commission, SEC, is to host an international conference on the Nigeria Commodities MarketThe conference with the theme, “Commodities Trading Ec...
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CBN Clarifies Position On Domiciliary Accounts
February 24, 2020 No Responses

CBN Clarifies Position On Domiciliary Accounts

The Central Bank of Nigeria (CBN) has not prohibited the acceptance of foreign currency cash deposits by Deposit Money Banks (DMBs), the CBN Director, Corporate Communications, Mr Issac Okorafor, clarified on Sunday. He explained that only electronic fund tran...
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SEC Nigeria Assures Dantata Subscribers Of Claims Settlement
February 24, 2020 No Responses

SEC Nigeria Assures Dantata Subscribers Of Claims Settlement

The Securities and Exchange Commission (SEC) has assured subscribers of the defunct Dantata Success and Profitable Company (DSPC) that it is discussing with all parties with a view to settling their claims. A statement by Mrs Efe Ebelo, Head, Corporate...
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CBN Lifts Retail Secondary Market With $292.34m
February 22, 2020 No Responses

CBN Lifts Retail Secondary Market With $292.34m

The Central Bank of Nigeria (CBN) has injected the sum of $292.34m dollars into the retail Secondary Market Intervention Sales (SMIS). CBN Director, Corporate Communications, Mr Isaac Okorafor made this known in a statement in Abuja on Friday. Okorafor explain...
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Nestle, Nigerian Breweries Top Losers Table, Stocks Shed N94b
February 22, 2020 No Responses

Nestle, Nigerian Breweries Top Losers Table, Stocks Shed N94b

Market indicators of the Nigerian Stock Exchange (NSE) on Friday declined by 0.65 per cent amid loss posted by Nestle. At the end of the day’s transactions, the All-Share Index which opened at 27,568.91 shed 180.29 points or 0.65 per...
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