Category: Capital Market/Banking

Dangote Cement Hits N10tri Market Capitalisation, Otedola Explains Interest
January 23, 2024 No Responses

Dangote Cement Hits N10tri Market Capitalisation, Otedola Explains Interest

Foremost cement manufacturing firm, Dangote Cement Plc hit a milestone as a N10 trillion company on Monday at the Nigerian Exchange, the first company to attain such a valuation.  Meanwhile, Business Man,  Mr. Femi Otedola also on Monday confirmed investing some...
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UBA Wins Global Finance Best SME Bank For 2023
January 22, 2024 No Responses

UBA Wins Global Finance Best SME Bank For 2023

United Bank for Africa (UBA) Plc, has continued to elevate its global standing, coveting several prestigious international awards, signaling the Bank’s continuous contributions to the economic development of Africa. The recognition of the bank’s outstandin...
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CBN To Hold First MPC Meeting Under Cardoso
January 20, 2024 No Responses

CBN To Hold First MPC Meeting Under Cardoso

The Central Bank of Nigeria (CBN) is to hold its first Monetary Policy Committee meeting under the tenure of Mr. Olayemi Cardoso as Governor on Monday, February 26 and Tuesday, February 27, 2024. The announcement follows a two-day strategic session...
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Union Bank Pledges Seamless Service As New Management Resumes
January 17, 2024 No Responses

Union Bank Pledges Seamless Service As New Management Resumes

Union Bank of Nigeria has reassured its partners, customers and critical stakeholders of continued excellent service and seamless operations following the recent appointment of its new Managing Director/Chief Executive Officer, Yetunde Oni, by the Central Bank...
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Investors Gain N874b As Indices Increase By 1.92%
January 16, 2024 No Responses

Investors Gain N874b As Indices Increase By 1.92%

The Nigerian Exchange Ltd., (NGX) on Monday traded on a positive note, as the All-Share Index rose strongly by 1.92 per cent or 1,597.93 points. Specifically, the All-Share Index settled at 84,640.89, as against 83,042.96 achieved on Friday. Also, investors...
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Ecobank Group Unveils Brand Campaign At Africa Cup of Nations
January 15, 2024 No Responses

Ecobank Group Unveils Brand Campaign At Africa Cup of Nations

Ecobank Group on Sunday unveiled its new brand campaign, ‘A BETTER WAY | A BETTER AFRICA’ at the TotalEnergies CAF Africa Cup of Nations Côte d’Ivoire 2023 (AFCON). A statement explained that Ecobank is a proud official sponsor of the...
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NGX Extends Gain By N244b
January 13, 2024 No Responses

NGX Extends Gain By N244b

Positive sentiments persisted on the Nigerian Exchange Ltd., (NGX) on Friday with the All-Share Index extending growth by 0.54 per cent. Specifically, the All-Share Index improved further by 445.56 points points or 0.54 per cent to close at 83,042.96, against....
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CBN Appoints New CEOs For Union, Keystone, Polaris Banks
January 11, 2024 No Responses

CBN Appoints New CEOs For Union, Keystone, Polaris Banks

Few hours after dissolving the board and management of Polaris, Union, and Keystone banks, the Central Bank of Nigeria (CBN) has appointed new chief executives and executive directors to oversee the affairs of the banks. The apex bank in a...
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NGX All-Share Index Drops By 1.4%, Investors Lose N638b
January 11, 2024 No Responses

NGX All-Share Index Drops By 1.4%, Investors Lose N638b

The Nigerian Exchange closed trading on Wednesday on a negative note, due to price depreciation posted by Tier-one bank stocks and some others. Consequently, the All-Share Index declined by 1,167.46 or 1.4 per cent to close at 82,024.28, as against...
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NGX All-Share Index Crosses 80,000 Benchmark
January 9, 2024 No Responses

NGX All-Share Index Crosses 80,000 Benchmark

The Nigerian Exchange Ltd (NGX) All-Share Index on Monday crossed significant 80,000 basis points to settle at 80,324.53 benchmark by earning 0.83 per cent or 660 points, as against 79,664.66 recorded on Friday. Consequently, the equity market capitalisation c...
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UBA Surpasses N1 Trillion Market Capitalisation Mark
January 9, 2024 No Responses

UBA Surpasses N1 Trillion Market Capitalisation Mark

United Bank for Africa (UBA) Plc has joined the group of companies with market capitalisation of over N1 trillion, as its share price value hits N29.90 per share. At the close of trading of the Nigerian Exchange Ltd. (NGX) on...
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CBN Disburses $61m To Settle Foreign Airlines’ Trapped Fund
January 8, 2024 No Responses

CBN Disburses $61m To Settle Foreign Airlines’ Trapped Fund

The Central Bank of Nigeria (CBN) has disbursed 61.64 million dollars to foreign airlines through various Deposit Money Banks (DMBs). According to a statement issued by its Acting Director, Corporate Communications, Mrs Hakama Sidi-Ali on Sunday, the disbursem...
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NGX, PenCom To Deepen PFAs Equity Participation With Pension Broad Index
January 5, 2024 No Responses

NGX, PenCom To Deepen PFAs Equity Participation With Pension Broad Index

Nigerian Exchange Limited in collaboration with the National Pension Commission (PenCom) launched the NGX Pension Broad Index (NGXPENBRD) on 15 June 2023, which provides a broader benchmark for equities investment by the pension industry.  The NGX Pension...
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ICAN Mourns Ex-President, Ijewere
December 30, 2023 No Responses

ICAN Mourns Ex-President, Ijewere

The Institute of Chartered Accountants of Nigeria (ICAN) has announced the passing away of its former president, Mr. Emmanuel Itoya Ijewere. Ijewere, who was the 32nd President of ICAN, passed on Friday morning at 78 years. The 59th President of...
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