Category: Capital Market/Banking

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 transfers into...
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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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Ecobank Nigeria To Host Regional Trade Forum
February 22, 2020 No Responses

Ecobank Nigeria To Host Regional Trade Forum

All is set for Ecobank Nigeria’s 2020 Regional Trade Forum in Lagos. The forum taking place in March, will be a two-day event, providing the opportunity for exporters and importers within the African region to exhibit their products in a...
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Zenith Bank Declares N200b Profit After Tax
February 21, 2020 No Responses

Zenith Bank Declares N200b Profit After Tax

For the year ended December 31st, 2019, Zenith Bank Plc on Friday announced profit after tax (PAT) of N208.8 billion, “achieving the feat as the first Nigerian Bank to cross the N200 billion mark”.According to the bank’s audited financial results...
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First Bank Takes SMEs Business Clinic To Port-Harcourt, Abuja
February 21, 2020 No Responses

First Bank Takes SMEs Business Clinic To Port-Harcourt, Abuja

In recognition of the significant role Small and Medium Enterprise (SMEs) play in achieving sustainable growth and development in the economy of the country, First Bank of Nigeria Limited has concluded plans to host second edition of SMEs  Business Clinic...
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Market Capitalisation Recovers N24b
February 20, 2020 No Responses

Market Capitalisation Recovers N24b

The nation’s bourse on Thursday recorded its first gain for the week with the market indices improving by 0.17 per cent due to interest in BUA Cement and 18 other stocks.Specifically, the All-Share Index rose by 45.83 points or 0.17...
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NSE Market Capitalisation Drops Further By N9b
February 19, 2020 No Responses

NSE Market Capitalisation Drops Further By N9b

The market capitalisation of the Nigerian Stock Exchange (NSE) on Wednesday depreciated further by N9 billion, amid profit taking.Specifically, the market capitalisation, which opened at N14.347 trillion lost N9 billion to close at N14.338 trillion.Also, the A...
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Market Capitalisation Drops Further By N12b
February 18, 2020 No Responses

Market Capitalisation Drops Further By N12b

The bears continued to dominate the domestic equities market on Tuesday, as the Nigerian Stock Exchange (NSE)’s All-Share Index dropped further by 0.08 per cent.The News Agency of Nigeria (NAN) reports that the index lost 23.38 points or 0.08 per...
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NSE Records N96b loss
February 17, 2020 No Responses

NSE Records N96b loss

Transactions on the floor of Nigeria Stock Exchange (NSE) opened the week on Monday still on a negative mood as sell-off in high capitalised stocks dragged the All-Share Index (ASI) further down by 0.67 per cent.Specifically, the All-Share Index dipped...
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Twelve Winners Emerge In Fidelity Bank’s Savings Promo
February 14, 2020 No Responses

Twelve Winners Emerge In Fidelity Bank’s Savings Promo

Twelve lucky customers have emerged millionaires in the fourth monthly and second bi-monthly draw of the Get Alert in Millions (GAIM) promo season 4.The electronic raffle draw, which held at the head office in Lagos, was witnessed by the relevant...
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Ecobank: Nigeria Can Feed Africa’s 1.2b Population
February 14, 2020 No Responses

Ecobank: Nigeria Can Feed Africa’s 1.2b Population

Ecobank says Nigeria has the capacity to feed Africa’s estimated 1.2 billion people if it harnesses the gains of the agricultural value chain. According to the bank, success in Nigeria’s agricultural sector means the reduction in the demand for foreign...
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At Ecobank Agric Summit, FG Reiterates Support For Agro-Industrial Processing Zones
February 13, 2020 No Responses

At Ecobank Agric Summit, FG Reiterates Support For Agro-Industrial Processing Zones

Nigeria’s Minister of State for Agriculture, Mr Mustapha Shehuri, on Thursday in Lagos, pledged the commitment of the Federal Government to support and promote Special Agro-Industrial Processing Zones (SAPZs).Speaking at the maiden edition of the Ecobank’ ...
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