Category: Capital Market/Banking

Fidelity Bank Declares N23b Profit In Q3
October 30, 2019 No Responses

Fidelity Bank Declares N23b Profit In Q3

By citybusinessnews@yahoo.com — For the third quarter ended September 30, 2019, Fidelity Bank Plc has declared Gross Earnings of N161.4billion, an increase of 16.3 percent when compared to ₦138.7 billion reported in the same period in 2018. According to the...
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Sterling Retail Loans Up 200%, Grows Net Interest Income By 19%
October 30, 2019 No Responses

Sterling Retail Loans Up 200%, Grows Net Interest Income By 19%

Sterling Bank Plc, a full-service national commercial bank, has reported a net interest income growth of N47.53 billion for the third quarter ended September 30, 2019 as against N39.834 billion for the corresponding period of 2018, representing a growth of...
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WFE Issues Call For Academic Papers
October 27, 2019 No Responses

WFE Issues Call For Academic Papers

The World Federation of Exchanges (WFE) has issued a call for papers, ahead of its Clearing & Derivatives Conference in Malta, 26-27 March 2020.  According to WFE, the conference will bring together academics, policy-makers, WFE member CCPs and deriva...
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Winners Emerge In NSE Inaugural Hackathon
October 25, 2019 No Responses

Winners Emerge In NSE Inaugural Hackathon

After a thorough review of entries received, the Nigerian Stock Exchange (NSE) on Thursday announced winners of its maiden edition of X-Kathon competition.  X-Kathon is NSE’s first Hackathon designed to encourage Tech enthusiasts to develop innovative F...
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Zenith Bank Declares N150.72b Profit In Q3
October 24, 2019 No Responses

Zenith Bank Declares N150.72b Profit In Q3

Zenith International Bank Plc on Wednesday reported a profit after tax of N150.72 billion for nine months ended Sept. 30, 2019. The profit represented a growth of five per cent when compared to N144.18 billion achieved in the corresponding period...
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Investors Stake N6.18b On Zenith Bank’s 357.23m Shares
October 23, 2019 No Responses

Investors Stake N6.18b On Zenith Bank’s 357.23m Shares

Investors on the floor of Nigerian Stock Exchange (NSE) on Tuesday staked N7.83 billion on 694.02 million shares in 2,780 deals.The volume of shares traded represented an increase of 182.29 per cent compared with 245.85 million shares valued at N1.36...
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Heritage Bank Pledges More Support For Young Entrepreneurs
October 22, 2019 No Responses

Heritage Bank Pledges More Support For Young Entrepreneurs

As part of measures  to contribute to the growth of economic drive, Heritage Bank Plc has pledged continued support for The Next Titan Season-six.The Next Titan entrepreneurial reality TV show sponsored annually by Heritage Bank Plc has unveiled 16 conten...
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SEC Photo New
October 22, 2019 No Responses

SEC Photo New

L-R:Managing Director, Central Securities Clearing System (CSCS), Mr Jalo Waziri, Acting Director General, Securities  and Exchange Commission (SEC) Ms Mary Uduk and Managing Director, Nigerian Association of Securities Dealers, Mr Bola Ajomole during an ...
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CSCS Wins BAFI Award
October 22, 2019 No Responses

CSCS Wins BAFI Award

The Central Securities Clearing System Plc (CSCS) has received special recognition for its contribution to the financial services industry, by winning the Continental Leader in Post-trade and Custody Services award, at the 7th Annual Business Day Banks’ and ...
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Nigeria To Secure $3b Power Sector Loan
October 21, 2019 No Responses

Nigeria To Secure $3b Power Sector Loan

The Minister of Finance, Mrs Zainab Ahmed, on Sunday said the Federal Government’s request for a World Bank loan to finance the power sector was at the verge of being granted. Ahmed stated this at a media briefing on activities...
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NSE Lists Union Bank’s N30b Bond
October 19, 2019 No Responses

NSE Lists Union Bank’s N30b Bond

By citybusinessnews@yahoo.com — The Nigerian Stock Exchange (NSE) on Friday listed on its daily official list Union Bank of Nigeria Plc’s N30billion bond.  In a notice to dealing members, Godstime Iwenekhai, Head, Listings Regulation Department ex...
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CBN Injects $325.5m Into Retail Market
October 19, 2019 No Responses

CBN Injects $325.5m Into Retail Market

The Central Bank of Nigeria (CBN) has injected 325.5million dollars in the retail Secondary Market Intervention Sales (SMIS) and CNY14million in the spot and short tenored forwards segment of the inter-bank foreign market. The bank’s Director, Corporate Comm...
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W Initiative Explains Agenda For Health Month
October 17, 2019 No Responses

W Initiative Explains Agenda For Health Month

The W Initiative, a flagship women empowerment programme from Access Bank Plc, has announced plans for its 2019 W Health Month aimed at improving community awareness on health issues that affect women and their families by bridging knowledge gap, providing...
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Photo News
October 17, 2019 No Responses

Photo News

Left to Right: Acting Director General Securities and Exchange commission, SEC, Ms. Mary Uduk and Minister of Finance, Budget and National Planning, Hajia Zainab Ahmed at the on-going World Bank/International Monetary Fund Meeting in Washington DC, Thursday.
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