Category: Capital Market/Banking

Market Capitalisation Drops Further By N22b
December 4, 2019 No Responses

Market Capitalisation Drops Further By N22b

The crucial market indices of the Nigerian Stock Exchange (NSE) dropped further on Tuesday with a decline of 0.17 per cent. The News Agency of Nigeria (NAN) reports that the market capitalisation shed N22 billion or 0.17 per cent to...
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Access Bank To Reward More Customers This Season
December 4, 2019 No Responses

Access Bank To Reward More Customers This Season

Access Bank Plc has unveiled series of exciting rewards for its customers to celebrate the yuletide season. The campaign tagged ‘More Xtravaganza’, will run from November 21 to December 31, 2019.  Speaking at the launch of the campaign in Lagos,...
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Eland Shareholders Approve £382m Takeover by Seplat
December 3, 2019 No Responses

Eland Shareholders Approve £382m Takeover by Seplat

Shareholders of Eland Oil & Gas Plc have given overwhelming backing to the £382 million takeover of the company by indigenous oil & gas producer, Seplat Petroleum Development Company Plc. At two meetings of shareholders recently, resolutions in favour...
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Adebayo: NSE’s Interactive Session For Consumer Goods Sector Timely, Commendable
December 1, 2019 No Responses

Adebayo: NSE’s Interactive Session For Consumer Goods Sector Timely, Commendable

It is indeed my singular honour and privilege to address you at this CEO Interactive Session for the Consumer Goods Sector, a programme put up by the Nigerian Stock Exchange (NSE). This event is timely at this stage of our...
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CBN Injects $323.5m, CNY 17.9m Into Retail SMIS
November 30, 2019 No Responses

CBN Injects $323.5m, CNY 17.9m Into Retail SMIS

In its last intervention for the month of November, the Central Bank of Nigeria (CBN) on Friday, November 29, 2019, made an intervention of $323.5million in the retail Secondary Market Intervention Sales (SMIS) and CNY 17.9million in the spot and...
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Ecobank, Standard Chartered Lead In Q3 Capital Importation To Nigeria
November 30, 2019 No Responses

Ecobank, Standard Chartered Lead In Q3 Capital Importation To Nigeria

National Bureau of Statistics (NBS) says Ecobank Nigeria and the local unit of Standard Chartered Bank have joined Stanbic IBTC Bank to become foreign investors’ favourites for investment deals.  Details of the Bureau report showed that out of 26 banks....
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FMBN Releases N5.4b Loan To Build 664 Houses
November 29, 2019 No Responses

FMBN Releases N5.4b Loan To Build 664 Houses

The Federal Mortgage Bank of Nigeria (FMBN) has released about N5.4 billion to some cooperative societies to build 664 houseing units. The Managing Director of the bank, Mr Ahmed Dangiwa made this known at the 4th Annual Conference of Federal...
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DBN Holds Workshop For Executives Of Microfinance Banks
November 29, 2019 No Responses

DBN Holds Workshop For Executives Of Microfinance Banks

The Development Bank of Nigeria as part of its advocacy initiative has held a capacity-building programmeon Environmental & Social Risk Management practice for top executives of Microfinance Banks recently in Lagos.  Giving his opening remarks, the Ma...
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All-Share Index Drops Further By 0.35%
November 28, 2019 No Responses

All-Share Index Drops Further By 0.35%

The Nigerian equities market on Wednesday declined further by 0.35 per cent, amid sustained bearish transactions. The All Share Index (ASI) decreased by 93.23 points or 0.35 per cent to close at 26,790.10 compared with 26,883.33 achieved on Tuesday. Similarly,...
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Access Bank Introduces Free Banking For Senior Citizens
November 27, 2019 No Responses

Access Bank Introduces Free Banking For Senior Citizens

Access Bank Plc has introduced a special account designed to provide Nigerians age 60 and above with free financial and lifestyle support services. Mr Victor Etuokwu, the Executive Director, Retail Banking, Access Bank Plc disclosed this in a statement on...
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NSE Market Indices Down 0.56%
November 27, 2019 No Responses

NSE Market Indices Down 0.56%

The upward trend recorded by the Nigerian Stock Exchange (NSE) for some days now was halted on Tuesday following profit taking by some investors. Specifically, the All-Share Index dipped 152.45 points or 0.56 per cent to close at 26,883.33 compared...
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SEC Nigeria Approves N154.62b New Securities In Q3
November 26, 2019 No Responses

SEC Nigeria Approves N154.62b New Securities In Q3

The Securities and Exchange Commission (SEC) approved new securities worth N154.62 billion in the third quarter of 2019. The commission disclosed this in its current Nigerian Journal of Securities Market obtained by the News Agency of Nigeria (NAN) in Lagos...
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Nestle, Presco, Others Lift Market Capitalisation By N22billion
November 26, 2019 No Responses

Nestle, Presco, Others Lift Market Capitalisation By N22billion

Transactions on the floor of Nigerian Stock Exchange (NSE) reopened on a positive note on Monday as the market capitalization gained 0.16 per cent, extending the bullish run to five consecutive trading sessions. At the end of the day’s transactions,...
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Shareholders To FG: Address Infrastructure Deficit Through Capital Market
November 24, 2019 No Responses

Shareholders To FG: Address Infrastructure Deficit Through Capital Market

The Independent Shareholders Association of Nigeria (ISAN) has stressed the need to address the country’s infrastructure challenges through the Nigerian capital market. Mr Adeniyi Adebisi, ISAN’s National Coordinator, stated this on Saturday in Lagos, whil...
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