Category: Capital Market/Banking

NSE launches recruitment portal
July 29, 2016 No Responses

NSE launches recruitment portal

By Moses Ebosele –  The Nigerian Stock Exchange (NSE) has launched an online portal to attract top talent and optimize its recruitment process.  NSE explained that the recruitment portal which is expected to enhance the Exchange’s recruitment capability, “increase turnaround...
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UBA denies funding coup in Turkey
July 27, 2016 No Responses

UBA denies funding coup in Turkey

By Moses Ebosele –  Foremost financial institution, United Bank for Africa (UBA) Plc has described as spurious reported attempt to link it with the failed coup attempt in Turkey.  In a statement issued by its Head of Communications, Mr. Charles...
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CBN raises interest rate to 14 per cent
July 27, 2016 No Responses

CBN raises interest rate to 14 per cent

The Central Bank of Nigeria (CBN) has raised monetary policy rate (MPR) from 12 per cent to 14 per cent as part of measures to curtail inflation.  CBN Governor, Godwin Emefiele explained at the end of the Monetary Policy Committee...
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FBN declares 10.5 % drop in profit
July 27, 2016 No Responses

FBN declares 10.5 % drop in profit

By Moses Ebosele –   For the six months ended June 30, 2016, FBN Holdings Plc attained Profit After Tax of N35.9 Billion, down by 10.5 per cent when compared with N40.1 Billion recorded within same period in 2015.  According to...
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Global market capitalisation drops to $67.2 trillion in six months
July 26, 2016 No Responses

Global market capitalisation drops to $67.2 trillion in six months

By Moses Ebosele –    A report put together by the World Federation of Exchanges (WFE) has revealed that between January and June this year, global market capitalisation declined by 9.4 per cent to reach $67.2 trillion, compared with $74.2...
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UBA GMD canvasses closer collaboration among African Central Banks
July 26, 2016 No Responses

UBA GMD canvasses closer collaboration among African Central Banks

By Moses Ebosele –    To successfully drive intra-Africa trade, the outgoing Group Managing Director of United Bank for Africa (UBA) Plc, Mr Philips Oduoza has called for increased collaboration among African Central Banks.   Oduoza who delivered the ...
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Flour Mills posts N4.3b loss
July 26, 2016 No Responses

Flour Mills posts N4.3b loss

For its fourth quarter (Q4), Flour Mills Nigeria Plc has posted  profit before tax of N4.3billion.  In a report to the Nigeria Stock Exchange (NSE), the company said: “the pre-tax loss was mainly driven by a combination of factors including a...
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CBN direct banks to sell forex to BDCs
July 24, 2016 No Responses

CBN direct banks to sell forex to BDCs

By Moses Ebosele –  AS part of measures to ensure stability of the Exchange rate, the Central Bank of Nigeria (CBN) has directed agent banks approved for international money transfer operators to sell foreign currency accruing from inward money remittan...
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Presco shareholders get N1billion dividend today
July 21, 2016 No Responses

Presco shareholders get N1billion dividend today

By Moses Ebosele –   Proposal by the board of Presco Plc to pay a dividend of 100kobo per share, amounting to N1billion for the year ended December 31, 2015 has been approved by shareholders.  Addressing shareholders yesterday during the company’s.....
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UBA partners Mastercard on payments infrastructure
July 20, 2016 No Responses

UBA partners Mastercard on payments infrastructure

TO further consolidate on its activities, United Bank for Africa (UBA) has partnered Master Card on payment infrastructure across the Africa continent.   The partnership  which cuts across the 19 African countries in which UBA currently operates include Nige...
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Investors stake N3.8b on three banks in one week
July 18, 2016 No Responses

Investors stake N3.8b on three banks in one week

By Moses Ebosele –   For the week ended July 15, 2016, transactions in FBN Holdings Plc, Guaranty Trust Bank Plc and Access Bank Plc accounted for 353.999 million shares worth N3.867 billion in 4,188 deals.   At the end of...
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Skye Bank shares maintains slidding profile
July 18, 2016 No Responses

Skye Bank shares maintains slidding profile

By Moses Ebosele    The shares of Skye Bank Plc  has continued its free fall on the floor of Nigerian Stock Exchange (NSE).    At the end of trading for the week ended Friday July 15, 2016, the Bank shares...
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SEC boss pledges to raise market participation
July 18, 2016 No Responses

SEC boss pledges to raise market participation

AS part of measures to deepen Nigerian capital market, the Securities and Exchange Commission (SEC) has expressed its determination to raise the participation of retail investors.  Speaking during a visit to the Federal Radio Corporation of Nigeria (FRCN) in ...
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Nigerian Breweries records 11.24 % drop in profit
July 15, 2016 No Responses

Nigerian Breweries records 11.24 % drop in profit

For the first half of 2016, Nigerian Breweries Plc has declared profit after tax of N19.06billion, a drop of 11.24 per cent when compared to N21.47 billion recorded within same period in 2015. However, the unaudited and provisional results released...
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