Category: Capital Market/Banking

Access Bank unveils growth agenda, explains 351 new branches
December 5, 2017 No Responses

Access Bank unveils growth agenda, explains 351 new branches

Foremost financial institution, Access Bank Plc on Monday announced new five-year strategy with an ambitious plan to become Africa’s Gateway to the World.   Briefing stakeholders at the Nigerian Stock Exchange (NSE), the Bank explained that development is the latest...
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Sterling Bank, others flag off e-ticketing in BRT buses
December 5, 2017 No Responses

Sterling Bank, others flag off e-ticketing in BRT buses

Sterling Bank Plc in collaboration with Primero, LAMATA and E-Purse Systems Limited recently  commenced implementation of e-ticketing system for Bus Rapid Transport (BRT) in Lagos. This, according to a statement from the lender, followed the recent launch of ...
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Oando:Shareholders demand Kemi Adeosun’s sack
December 5, 2017 No Responses

Oando:Shareholders demand Kemi Adeosun’s sack

South-South Coordinator of the Oando Shareholders Solidarity Group (OSSG), Mr Clement Ebitimi, has called on President Muhammadu Buhari to sack the Minister of Finance, Kemi Adeosun, for allegedly meddling in the forensic audit of Oando Plc.  Some newspapers ...
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Investors Stake N35.1b on 14.2billion Shares In Four Days
December 1, 2017 No Responses

Investors Stake N35.1b on 14.2billion Shares In Four Days

A total turnover of 14.257 billion shares worth N35.056 billion in 17,379 deals were traded between Monday and Thursday this week by investors on the floor of NigerianStock Exchange (NSE) in contrast to a total of 2.182 billion shares valued...
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Heritage Bank extends agent banking to Ogijo
November 30, 2017 No Responses

Heritage Bank extends agent banking to Ogijo

Heritage Bank Plc has registered its presence in Ogijo in the Sagamu Local Government Area of Ogun State; with the commissioning of Dunmop Ventures as agent banking partner under the financial inclusion policy of the Central Bank of Nigeria (CBN)...
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Ecobank Nigeria Appoints Olagbami Chief Risk Officer
November 30, 2017 No Responses

Ecobank Nigeria Appoints Olagbami Chief Risk Officer

Ecobank Nigeria has announced the appointment of Mr. Adebiyi Olagbami as an Executive Director and the Chief Risk Officer of the Bank effective November 15, 2017.  Mr Olagbami has 25 years banking experience with over 21 years in Risk Management....
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Nigerian Breweries, Stanbic IBTC top gainers’ table as market capitalisation sustains growth by N89b
November 29, 2017 No Responses

Nigerian Breweries, Stanbic IBTC top gainers’ table as market capitalisation sustains growth by N89b

Nigerian Breweries on Tuesday recorded the highest price gain of N6.43 to lead the gainers’ table and closed at N137.60 per share.   Stanbic IBTC followed by a gain of N1.85 to close at N41.85, while Dangote Cement increased by...
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Sterling Bank bags best award in financial inclusion
November 28, 2017 No Responses

Sterling Bank bags best award in financial inclusion

Sterling Bank Plc, has won the best company in financial inclusion award at the SERAs CSR Africa 2017 awards held in Lagos.  The theme of this year’s edition of the awards is transformational sustainability: From Social Responsibility to Social Impact....
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Oando: Shareholders insist on interim management
November 28, 2017 No Responses

Oando: Shareholders insist on interim management

Shareholders of Oando Plc have advised the current management of the company under the leadership of Mr Wale Tinubu to step down in the interest of all stakeholders.    A Federal High Court sitting in Lagos had last week dismissed...
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Nestle shareholders to get 1,500k interim dividend as Wapic, Zenith, UBA records N5.8b deals in five days
November 25, 2017 No Responses

Nestle shareholders to get 1,500k interim dividend as Wapic, Zenith, UBA records N5.8b deals in five days

 For the period ended September 2017, Nestle Plc has proposed 1500 kobo interim dividend.   In a notice to the Nigerian StockExchange (NSE), the company explained that qualification date is 24th November 2017 while closure date is 27th November 2017....
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Investors stake N1.14b on UBA shares as market capitalisation records N28b growth
November 24, 2017 No Responses

Investors stake N1.14b on UBA shares as market capitalisation records N28b growth

United Bank for Africa (UBA) on Thursday emerged the toast of investors with a turnover of 116.63 million shares valued at N1.14 billion on the floor of NigerianStock Exchange (NSE).  Access Bank followed with 98.34 million shares worth N987.63 million,...
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Fidelity Bank disburses N2.5b to 500 SMEs operators
November 23, 2017 No Responses

Fidelity Bank disburses N2.5b to 500 SMEs operators

Fidelity Bank Plc says it has disbursed the sum of N2.5 billion out of the Central Bank of Nigeria (CBN) N220 billion Micro, Small and Medium Enterprises Development Fund (MSMEDF).  Mr Nnamdi Okonkwo, the bank’s Managing Director/ Chief Executive Officer...
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Nestle sustains growth profile, hits N1,300 per share
November 23, 2017 No Responses

Nestle sustains growth profile, hits N1,300 per share

For the third consecutive day, Nestle Nigeria Plc on Wednesday led the gainers’ table, appreciating by N38.84 to close at N1,300 per share.   Unilever came second with a gain of N2.15 to close at N39 95, while Zenith International Bank...
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Diamond Bank appoints Christopher Ubosi Non-Executive Director
November 22, 2017 No Responses

Diamond Bank appoints Christopher Ubosi Non-Executive Director

Diamond Bank Plc has appointed Mr. Christopher Ubosi as a Non-Executive Director. Mr. Christopher Ubosi holds a B.Sc. in Quantity Surveying from the University of Ife and an M.Sc. from the University of Lagos, Nigeria.  According to the Bank, Mr Ubosi...
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