Category: Capital Market/Banking

CBN Explains $6b Investments In Nigeria’s Bond Market
March 22, 2019 No Responses

CBN Explains $6b Investments In Nigeria’s Bond Market

As Nigerians await the outcome of the supplementary polls in some states, the successful conduct of the general elections is generating positive investments, with the inflow of over $6 billion into the local bond market. Central Bank of Nigeria (CBN)...
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Nigeria To Auction N100b Bonds
March 20, 2019 No Responses

Nigeria To Auction N100b Bonds

The Federal Government of Nigeria will auction by subscription N100 billion worth of bonds on March 27, 2019. The Debt Management Office (DMO)  in a circular on its website on Tuesday explained  that the five-year re-opening bonds of N40 billion...
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Transcorp Hotels Shareholders Get 15k Dividend
March 20, 2019 No Responses

Transcorp Hotels Shareholders Get 15k Dividend

Shareholders of Transcorp Hotels Plc, have commended the Company for its impressive financial results for the year ended December 31, 2018.  The congratulatory remarks were made at the Company’s 5th Annual General Meeting, which took place at ...
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CBN Targets $10b Foreign Exchange From Palm Oil
March 19, 2019 No Responses

CBN Targets $10b Foreign Exchange From Palm Oil

As part of measures to consolidate revenue base, the Central Bank of Nigeria (CBN) has unveiled fresh agenda to position Nigeria as the world’s third largest palm oil producer.  Under the agenda, Nigeria is expected to overtake Thailand and Columbia...
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Ecobank Group Faults Forfeiture Claim on Airtel Shares
March 18, 2019 No Responses

Ecobank Group Faults Forfeiture Claim on Airtel Shares

There is no forfeiture order of the Federal High Court of Nigeria in its proceedings that is directed against Ecobank Transnational Incorporate (ETI) or Ecobank Nigeria Limited, O&O Networks Limited, Special purpose vehicle owned by the Ecobank Group, expl...
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UBA Declares N78.6b Profit, N494b Gross Earnings In 2018
March 18, 2019 No Responses

UBA Declares N78.6b Profit, N494b Gross Earnings In 2018

For the 2018 financial year, the United Bank for Africa (UBA) Plc has declared Profit After Tax of N78.6billion, an increase of 1.4 per cent when  compared to N77.5 billion recorded in 2017.  According to the 2018 financials already filed...
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Access Bank Reports N95b Profit For 2018
March 16, 2019 No Responses

Access Bank Reports N95b Profit For 2018

For the financial year ended December 31, 2018, Access Bank Plc has declared a profit after tax of N95 billion According to the foremost financial institution,  the profit after tax grew by 58 per cent compared with N60.07 billion recorded...
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First Bank: 125km Relay Walk Is A Mark Of Our Journey, Impeccable Services
March 15, 2019 No Responses

First Bank: 125km Relay Walk Is A Mark Of Our Journey, Impeccable Services

Come  Saturday, March 16,  2019, First Bank of Nigeria Limited and other corporate entities in the FBNHoldings group would collectively have a 125km Relay Walk to celebrate the Bank’s 125 years of unbroken business operations in commemoration of it...
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CBN: Nigeria’s Balance Of Payments Records $2.80m Surplus
March 14, 2019 No Responses

CBN: Nigeria’s Balance Of Payments Records $2.80m Surplus

Nigeria’s Balance of Payment improved by a surplus of $2.80 million in the fourth quarter of  2018, from $4.54 million recorded in the third quarter of same year, the Central Bank of Nigeria (CBN) disclosed on Wednesday. According to a...
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Ecobank Nigeria Unveils Special Initiative For Female Entrepreneurs
March 9, 2019 No Responses

Ecobank Nigeria Unveils Special Initiative For Female Entrepreneurs

As part of activities to mark the 2019 International Women’s Day, Ecobank Nigeria has unveiled  special initiative for female entrepreneurs.  The Ecobank Female Entrepreneurs Initiative is a platform designed to recognise women as special and uniqu...
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Emefiele And The Stakes At CBN
March 9, 2019 No Responses

Emefiele And The Stakes At CBN

By Sufuyan Ojeifo  – As the central bank and apex monetary authority of the country, the major regulatory objectives of the Central Bank of Nigeria (CBN) as mirrored in the institution’s enabling Act are to maintain the e...
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Seplat Declares $746m Revenue, Recommends $0.05 Dividend For 2018
March 8, 2019 No Responses

Seplat Declares $746m Revenue, Recommends $0.05 Dividend For 2018

citybusinessnews@yahoo.com – For the year 2018, a leading Nigerian indigenous oil and gas company, Seplat Petroleum Development Company Plc has declared $746million revenue and operating profit of $310million  Listed on both the Nigerian Stock Excha...
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MTN Nigeria To list Shares Before June, Explains $1b Divestment Agenda
March 8, 2019 No Responses

MTN Nigeria To list Shares Before June, Explains $1b Divestment Agenda

MTN Group has concluded plans to list shares on the floor of Nigerian Stock Exchange (NSE) before the end of June, 2019.  In a statement on Thursday, the Group explained that  the year 2018 recorded revenue of  37.971billion South African...
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Nigeria Projects Microfinance Banks For 774 Councils
March 7, 2019 No Responses

Nigeria Projects Microfinance Banks For 774 Councils

Nigeria is to establish Microfinance Bank (MfBs)  in all the 774 local government areas of the country. Governor of the Central Bank of Nigeria (CBN), Mr. Godwin Emefiele, disclosed the development on Wednesday in Abuja while on a facility tour...
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