Category: Capital Market/Banking

International Breweries lead NSE’s gainers table as Zenith Bank records N531.3b in nine months
October 20, 2017 No Responses

International Breweries lead NSE’s gainers table as Zenith Bank records N531.3b in nine months

International Breweries Plc on Thursday led the Nigerian Stock Exchange (NSE) gainers’ table, gaining N2.21 to close at N46.52 per share.  Stanbic IBTC followed with a gain of N1.10 to close at N46.52 and GlaxosmithKline increased by 85k to close...
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N8b CBN scam: How N8.3m was substituted with paper, by Ecobank staff
October 19, 2017 No Responses

N8b CBN scam: How N8.3m was substituted with paper, by Ecobank staff

Mr Omotayo Sowunmi, a witness in the  alleged N8 billion Central Bank of Nigeria (CBN) currency scam case, on Wednesday said that the apex bank  lost N8.3 million in a single box meant to contain N10 million. Testifying before Justice...
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Total Nigeria, Flour Mills, others maintain slidding profile as NSE’s market capitalisation drops further by N10b
October 19, 2017 No Responses

Total Nigeria, Flour Mills, others maintain slidding profile as NSE’s market capitalisation drops further by N10b

Total Nigeria Plc on Wednesday recorded the highest loss for the day dropping by N7.59 to close at N245.41 per share.  At the end of the day’s transaction on the floor of Nigerian Stock Exchange (NSE), Flour Mills followed with...
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Elumelu seeks stable policy to enhance SMEs growth
October 19, 2017 No Responses

Elumelu seeks stable policy to enhance SMEs growth

The Chairman, UBA Group and Heirs Holdings, Mr Tony Elumelu, on Wednesday advised the Federal Government to tackle the issue of policy somersaults to enhance the growth of Small and Medium Enterprises (SMEs). Elumelu gave the advice at the 24th...
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NSE’s market capitalisation drops by N103b
October 18, 2017 No Responses

NSE’s market capitalisation drops by N103b

Investors in Nigerian capital market on Tuesday lost N103billion due to losses recorded by  Dangote Cement Plc, Nestle Nigeria Plc and Guaranty Trust Bank Plc.   At the end of the day’s training, Dangote Cement Plc, Nestle Nigeria Plc and...
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GSK, Stanbic IBTC, Zenith Bank, others lift NSE’s market capitalization by N43b
October 17, 2017 No Responses

GSK, Stanbic IBTC, Zenith Bank, others lift NSE’s market capitalization by N43b

The Nigerian Stock Exchange (NSE) on Monday resumed trading activities on a positive note as market capitalization rose by N43billion or 0.34 per cent.   At the end of the day’s trading, 0.33 per cent growth in the All-Share Index...
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Sterling Bank emerges Best Bank in Support of Agric
October 17, 2017 No Responses

Sterling Bank emerges Best Bank in Support of Agric

Sterling Bank Plc has won the Best Bank in Support of Agriculture Award at the Business Day Banking Awards 2017 held in Lagos.   The award is in recognition of Sterling Bank’s peerless support to the entire value chain in...
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More winners emerge in Access Bank family fortune promo
October 8, 2017 No Responses

More winners emerge in Access Bank family fortune promo

More winners have emerged from the ongoing Access Bank Family Fortune Promo as the Bank rewards 118 customers in the second monthly selection of winners.  The event which held at the Bank’s Alausa Branch in Ikeja produced 50 customers who...
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FirstBank unveils new ultra-modern head office in Ghana
October 6, 2017 No Responses

FirstBank unveils new ultra-modern head office in Ghana

First Bank of Nigeria Limited has unveils a new ultra-modern Head Office for its subsidiary, FBNBank Ghana to enhance service delivery in the Ghanaian market. According to the Managing Director, FBNBank Ghana, Gbenga Odeyemi, FBNBank is resolute in its passion...
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FirstBank’s payment card issuance hits 10 million
October 4, 2017 No Responses

FirstBank’s payment card issuance hits 10 million

First Bank of Nigeria Limited has been named the first financial institution in Nigeria and the West-Africa sub-region to issue 10 million cards to customers across the country.   A statement issued by the Bank on Tuesday explained that “This...
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Ecobank Nigeria promotes 1000 staff
October 1, 2017 No Responses

Ecobank Nigeria promotes 1000 staff

The management of Ecobank Nigeria Limited has announced the promotion of more than one thousand staff.   According to the Bank, about 30 per cent of its employees benefited from the exercise designed to reward excellence and exceptional performance. The...
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First Bank consolidates international business, increases stake in FBNBank Congo
September 29, 2017 No Responses

First Bank consolidates international business, increases stake in FBNBank Congo

First Bank of Nigeria Limited has acquired the remaining shares in FBNBank DRC Limited (FBNBank DRC), making it FirstBank’s wholly owned Subsidiary.    FirstBank said this follows its initial investment in FBNBank DRC (formerly Banque Internationale de Cre...
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Coronation Merchant Bank graduates first analysts
September 28, 2017 No Responses

Coronation Merchant Bank graduates first analysts

By Citybusinessnews@yahoo.com –    As part of measures to foster continuous capacity development and grow its own unique brand of finance professionals, Coronation Merchant Bank has graduated its first set of analysts from the Coronation MB Academy in ...
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Heritage Bank reiterates commitment to Nigeria’s entertainment industry
September 27, 2017 No Responses

Heritage Bank reiterates commitment to Nigeria’s entertainment industry

 Heritage Bank Plc has reiterated its commitment to the growth and development of Nigeria’s creative industry because it is a major contributor to the country’s Gross Domestic Product (GDP).  In an assessment of the industry’s performance done recently...
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