Category: Capital Market/Banking

Fidelity Bank Appoints Isa Inuwa Non-Executive Director
February 6, 2020 No Responses

Fidelity Bank Appoints Isa Inuwa Non-Executive Director

The Board of Directors of Fidelity Bank Plc has announced the appointment of Alhaji Isa Mohammed Inuwa as an Independent Non-Executive Director of the Bank.A statement issued on Thursday explained that the Nigerian Stock Exchange (NSE) has been notified of...
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Demutualisation: NSE to hold Court-Ordered Meeting
February 5, 2020 No Responses

Demutualisation: NSE to hold Court-Ordered Meeting

Ahead of its demutualisation exercise, the Nigerian Stock Exchange (NSE) is set to hold a Court-Ordered Meeting with its members on March 3, 2020.The notice of the meeting obtained by the News Agency of Nigeria (NAN) in Lagos stated that...
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NSE Opens February Trading With N160b Loss
February 4, 2020 No Responses

NSE Opens February Trading With N160b Loss

In spite of an influx of unaudited 2019 full year results, trading on the nation’s bourse opened for February on a bearish posture, as investors’ sentiment remained weak. Consequently, the NSE All-Share Index on Monday lost 310.13 points or 1.08...
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Finance Act Represents Landmark Achievement For Nigerian Capital Market‘
February 3, 2020 No Responses

Finance Act Represents Landmark Achievement For Nigerian Capital Market‘

By Citybusinessnews@yahoo.com The Chief Executive Officer, Nigerian Stock Exchange (NSE), Oscar Onyema on Monday described the signing of the Finance Bill into law as a landmark achievement for the Nigerian Capital Market.In a welcome address at a symposi...
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How To Attract Investors To African Capital Markets, By Fourier, CEO, JSE
February 3, 2020 No Responses

How To Attract Investors To African Capital Markets, By Fourier, CEO, JSE

Most African Capital Markets are too small to attract the attention of international investors, the Chief Executive Officer, Johannesburg Stock Exchange (JSE), Dr Leila Fourie has said.  To reverse the trend, Fourier has called for adequate liquidity thro...
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SEC Boss : Private Equity Firms Are Agents of Economic Growth
February 3, 2020 No Responses

SEC Boss : Private Equity Firms Are Agents of Economic Growth

The Acting Director General of the Securities and Exchange Commission, Ms Mary Uduk, has said that Private Equity (PE) firms are important agents of business and economic growth, as they bring capital to business. Uduk spoke at the Udo Udoma...
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Unity Bank To Pay N10m Damages
February 1, 2020 No Responses

Unity Bank To Pay N10m Damages

An Ondo State High Court sitting in Akure, on Friday, ruled in favour of Denki Wire and Cable Nigeria Limited, saying it could not be indebted to the tune of N51 million to Unity Bank Plc. The News Agency of...
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UBA Revamps NextGen Account
February 1, 2020 No Responses

UBA Revamps NextGen Account

United Bank for Africa (UBA) Plc, has revamped its NextGen account which targets students in tertiary institutions and members of the National Youth Service Corps (NYSC), with added features and benefits. A statement issued on Friday explained that NextGen is....
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Interswitch Lists ₦23b Bond On NSE
January 31, 2020 No Responses

Interswitch Lists ₦23b Bond On NSE

The Nigerian Stock Exchange (NSE) on Friday admitted  Interswitch Limited’s N23billion Bond.The Callable Senior Unsecured Bond, with a tenor of seven years, at a fixed rate of 15 percent, is part of a N30 billion Debt Issuance Programme issued through.....
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Market Capitalisation Declines By N96b In January
January 31, 2020 No Responses

Market Capitalisation Declines By N96b In January

The All-Share Index of the Nigerian Stock Exchange (NSE) on Friday closed trading for the month of January below 29,000 mark following the dominance of the bears.Specifically, the index on Friday dipped 187.40 points or 0.65 per cent to close...
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Market Capitalisation Drops By N41b
January 31, 2020 No Responses

Market Capitalisation Drops By N41b

Transactions on the Nigerian Stock Exchange(NSE) on Thursday maintained downward trend for the fourth consecutive trading day with the market indicators extending its losing streak by 0.27 per cent. The News Agency of Nigeria (NAN) reports that the market capi...
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DBN Disburses N133b To MSME’s In 18 months
January 30, 2020 No Responses

DBN Disburses N133b To MSME’s In 18 months

In the last 18 months, Development Bank of Nigeria (DBN) disbursed a total of N133 billion to Micro, Small and Medium Enterprises (MSMEs) operators across the country. The DBN Managing Director, Mr Tony Okpanachi, disclosed this at the ongoing Nigerian...
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Market Capitalisation Drops Below N15tri Mark
January 30, 2020 No Responses

Market Capitalisation Drops Below N15tri Mark

The market capitalisation of the Nigerian Stock Exchange (NSE) on Wednesday dropped to N14 trillion mark due to persistent profit taking. Specifically, the market capitalisation which opened at N15.132 trillion shed N138 billion or 0.91 per cent to close at...
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Aisha Hassan-Baba, Orji Join UBA Board
January 29, 2020 No Responses

Aisha Hassan-Baba, Orji Join UBA Board

The United Bank for Africa (UBA) Plc has announced the appointments of Aisha Hassan-Baba and Kenneth Orji as Non-Executive Directors on the Group’s Board.In a notice to the Nigerian Stock Exchange (NSE), UBA explained that the new appointments are subject...
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