Category: Capital Market/Banking

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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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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