Category: Capital Market/Banking

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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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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