Category: Capital Market/Banking

Market capitalisation declines by N3b
November 3, 2017 No Responses

Market capitalisation declines by N3b

Profit taking on Thursday curtailed the three-day growth recorded on the floor of Nigerian Stock Exchange (NSE).  Specifically, market capitalisation, which opened at N12.766 trillion, dropped three billion or 0.02 per cent to close at N12.763trillion.  Also, the All-Share Index...
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At Sterling Bank lecture, experts harp on reducing poverty, unemployment through non-interest banking
November 3, 2017 No Responses

At Sterling Bank lecture, experts harp on reducing poverty, unemployment through non-interest banking

As part of measures to further deepen public awareness and understanding of alternative finance or Non-Interest Banking (NIB) in Nigeria, Sterling Bank Plc, recently organised a public lecture on “Reducing Poverty & Unemployment through Non-Interest Bank...
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Heritage Bank partners IFCOD on use of art performance for economic development
November 2, 2017 No Responses

Heritage Bank partners IFCOD on use of art performance for economic development

As part of its commitment to the growth and socio-economic development of Nigeria’s creative industry, Heritage Bank Plc has seal partnership with   the organizers of the International Festival of Contemporary Dance (IFCOD) to host the second edition of ...
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Citibank hosts cash, trade seminar for banking industry professionals
November 2, 2017 No Responses

Citibank hosts cash, trade seminar for banking industry professionals

Citibank recently concluded a week long Cash & Trade Seminar for banking industry professionals.  The seminar had over 45 participants from various banks in the industry.  The annual seminar is a demonstration of Citi’s commitment to using its global ...
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N22 lifts Nestle to N1,252 per share
November 1, 2017 No Responses

N22 lifts Nestle to N1,252 per share

By citybusinessnews@yahoo.com –    Transactions on the floor of Nigerian Stock Exchange (NSE) continued on Tuesday on a positive note as market capitalisation gained N67 billion or 0.53 per cent to close at N12.694 trillion compared with N12.627...
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Total Nigeria, Forte Oil top gainers’ table
October 31, 2017 No Responses

Total Nigeria, Forte Oil top gainers’ table

By citybusinessnews@yahoo.com –    Transactions on the floor of Nigerian Stock Exchange (NSE) resumed on Monday on a positive note as  market capitalisation increased by N8 billion or 0.06 per cent to close at N12.627 trillion compared to N12.61...
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Oando: Shareholders seek accelerated forensic audit
October 30, 2017 No Responses

Oando: Shareholders seek accelerated forensic audit

The proposed forensic audit of Oando Plc should commence without any further delay, shareholders of the company declared on Sunday in Lagos.  According to the shareholders, the investigation should be detailed and “without any fear or favour”.  Under t...
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Investors stake N4.458b on UBA, Access Bank, FBN Holdings in five days
October 28, 2017 No Responses

Investors stake N4.458b on UBA, Access Bank, FBN Holdings in five days

For the week ended October 27, 2017, trading in the shares of United Bank for Africa (UBA) Plc, Access Bank Plc and FBN Holdings Plc accounted for 515.058 million shares worth N4.458 billion in 3,088 deals.   Trading in the shares on the...
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Access Bank declares N365b earnings in Q3
October 27, 2017 No Responses

Access Bank declares N365b earnings in Q3

Access Bank Plc has announced its third quarter (Q3) results for 2017 which reflect the Bank’s ability to generate sustainable earnings despite the challenging operating environment.   The results for the nine months ended 30 September 2017 showed 33% grow...
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FBN Holdings declares N45.8B profit in Q3, appoints Folake Ani-Mumuney, Mimiko Executive Directors
October 27, 2017 No Responses

FBN Holdings declares N45.8B profit in Q3, appoints Folake Ani-Mumuney, Mimiko Executive Directors

By citybusinessnews@yahoo.com –     For the nine months ended September 30, 2017, FBN Holdings has announced Profit after tax of N45.8 billion, up 7.8 per cent when compared with N42.5 billion recorded in 2016.    Gross earnings is  N439.2 b...
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Market capitalisation attains N101b, index up by 0.25 per cent
October 26, 2017 No Responses

Market capitalisation attains N101b, index up by 0.25 per cent

For the second day, the Nigerian Stock Exchange (NSE) on Wednesday sustained growth as the market capitalization recorded N101billion to close atN12.675 trillion.  Also, the index increased by 91.23 points or 0.25 per cent to close at 36,622.85 compared with....
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Investors stake N303m on UBA shares
October 25, 2017 No Responses

Investors stake N303m on UBA shares

By citybusinessnews@yahoo.com –      The slidding mood on the floor of the Nigerian Stock Exchange (NSE) came under control on Tuesday as the All-Share Index gained 118.89 points or 0.33 per cent to close at 36,531.62, compared with 36,412.73 recorde...
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Lafarge, Nigeria Breweries, Zenith Bank suffer more losses as market capitalisation drops further by N60b
October 24, 2017 No Responses

Lafarge, Nigeria Breweries, Zenith Bank suffer more losses as market capitalisation drops further by N60b

By citybusinessnews@yahoo.com –   Trasnsactions on the floor of Nigerian Stock Exchange (NSE) continued on Monday on a negative trend as market capitalisation dipped further by N60billion.     Specifically, market capitalisation which opened for the...
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Nigerian Breweries, Forte Oil, Ecobank top losers’ table as investors’ wealth depreciate further by N21billion
October 21, 2017 No Responses

Nigerian Breweries, Forte Oil, Ecobank top losers’ table as investors’ wealth depreciate further by N21billion

By citybusinessnews@yahoo.com –    Transactions on the floor of Nigerian Stock Exchange (NSE) continued on a downward trend on Friday.   Specifically, the market capitalisation which opened at N12.614 trillion dropped by N21 billion to close at N12.59...
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