Category: Capital Market/Banking

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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Valentine: Access Bank Unveils New Offers
February 13, 2020 No Responses

Valentine: Access Bank Unveils New Offers

Access Bank Plc has unveiled a series of great deals and exciting offers to celebrate its customers this Valentine season.  The campaign, tagged “It’s a Love Thing”  is the 4th edition and will kick off from February 11 to February...
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Kurfi Projects Double Digit Growth For Nigerian Stock Market In 2020
February 12, 2020 No Responses

Kurfi Projects Double Digit Growth For Nigerian Stock Market In 2020

Seasoned capital market operator, Malam Garba Kurfi, on Wednesday expressed optimism that the Nigerian equities market would witness double digit growth in 2020.Kurfi, the Managing Director, APT Securities and Funds Ltd., stated this at the Capital Market Corr...
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CBN Boosts Forex Market With $210m
February 12, 2020 No Responses

CBN Boosts Forex Market With $210m

The Central Bank of Nigeria (CBN) has injected the sum of 210 million dollars into the inter-bank Foreign Exchange Market to boost liquidity in the sector. The bank’s Director, Corporate Communications Department, Mr. Isaac Okorafor made this known in a...
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Demutualisation: NSE Releases 78:22 Sharing Formular For Dealing, Ordinary Members
February 12, 2020 No Responses

Demutualisation: NSE Releases 78:22 Sharing Formular For Dealing, Ordinary Members

The Nigerian Stock Exchange (NSE) on Tuesday released the distribution formula for the allotment of shares for the post-demutualised Nigerian Exchange Group Plc on the ratio of 78:22 between dealing members and ordinary members. The exchange stated this in a.....
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Milk Importation: CBN Clears Nestle, Promasidor, Four Others
February 11, 2020 No Responses

Milk Importation: CBN Clears Nestle, Promasidor, Four Others

The Central Bank of Nigeria (CBN), has approved six dairy companies operating in the country for the importation of milk products and its derivatives.The CBN made this known in a circular issued by the Director, Trade and Exchange Department, Dr....
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NSE Market Indices Open With 1.05% Loss
February 11, 2020 No Responses

NSE Market Indices Open With 1.05% Loss

The Nigerian equities market resumed trading for the week on Monday still on a negative trend with the market indices nosediving by 1.05 per cent. Speficially, the All-Share Index lost 294.90 points or 1.05 per cent to close at 27,772.19...
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Tony Elumelu Foundation Disburses $5m Partnership Commitment From AfDB
February 10, 2020 No Responses

Tony Elumelu Foundation Disburses $5m Partnership Commitment From AfDB

Tony O. Elumelu, CON, has congratulated the African Development Bank (AfDB), and AfDB President Akinwumi Adesina, on their commitment to African entrepreneurship, with the disbursement of $2.5million seed capital to the AfDB-sponsored beneficiaries of the 2019...
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NSE Emerges Second Largest ETF Market In Africa
February 8, 2020 No Responses

NSE Emerges Second Largest ETF Market In Africa

The Nigerian Stock Exchange (NSE) has emerged the second largest Exchange Traded Fund (ETF) market in Africa with current market capitalisation of N6.9 billion. Mr Oscar Onyema, NSE Chief Executive Officer, stated this on Friday at the Smart Investment Worksho...
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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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