Category: Capital Market/Banking

SEC, FMMSD To Collaborate On Raising Capital For Non-Oil Sector
August 2, 2023 No Responses

SEC, FMMSD To Collaborate On Raising Capital For Non-Oil Sector

The Securities and Exchange Commission (SEC) and the Capital Market Community are to partner with the Federal Ministry of Mines and Steel Development and other stakeholders to promote the use of alternative means of raising capital such as Non-Interest products,...
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Ecobank: Our Diversified Business Model, Commitment To Serving Our Customers Responsible For Resilient Balance Sheet
August 2, 2023 No Responses

Ecobank: Our Diversified Business Model, Commitment To Serving Our Customers Responsible For Resilient Balance Sheet

The Chief Executive Officer of Ecobank Group, Jeremy Awori, has attributed the group’s profitability in the second quarter of 2023 to its strategic roadmap which demonstrated the benefits of its diversified business model, resilient balance sheet and commitm...
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NGX Market Capitalisation Up By N1.8trillion In July
August 1, 2023 No Responses

NGX Market Capitalisation Up By N1.8trillion In July

Transactions at Nigerian Exchange Limited (NGX) closed the month of July 2023 on a positive note as earnings and dividend declaration from quoted companies helped NGX market cap gain N1.814 trillion. The gain was also supported by insider dealings among...
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Transcorp Attains N82.1b Revenue In Six Months
July 30, 2023 No Responses

Transcorp Attains N82.1b Revenue In Six Months

Transnational Corporation Plc (Transcorp Group), Nigeria’s leading conglomerate with investments in Power, Hospitality and Energy sectors has announced its financial results for the first half of the year ended June 30, 2023, recording growth across all...
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Seplat Energy Declares N278.3b Revenue In Six Months
July 29, 2023 No Responses

Seplat Energy Declares N278.3b Revenue In Six Months

Seplat Energy Plc, listed on the Nigerian Exchange Limited and the London Stock Exchange, has announced its unaudited results for the six months ended 30 June 2023, recording a rise in revenue by 3.8 per cent to N278.3billion from N219...
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UBA Explains Summer Treat With Exclusive Benefits, Discounts
July 29, 2023 No Responses

UBA Explains Summer Treat With Exclusive Benefits, Discounts

United Bank for Africa (UBA) Plc has assured customers of a memorable summer treat with the launch of exclusive benefits and discounts tied to its cards during this period.  Tagged, the #FunSummer campaign, customers are set to enjoy a wide...
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Again, Ecobank Bags Euromoney Africa’s Best Bank for SMEs Award
July 26, 2023 No Responses

Again, Ecobank Bags Euromoney Africa’s Best Bank for SMEs Award

Ecobank has been named Africa’s Best Bank for SMEs (small and medium-sized enterprises) by the prestigious Euromoney Awards for Excellence for the second year running, having also won the accolade in 2022. Jeremy Awori, Chief Executive Officer, Ecobank Group...
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NGX Group Declares Interim Dividend 
July 26, 2023 No Responses

NGX Group Declares Interim Dividend 

Following the emergency meeting of the Board of Directors on Tuesday, 25 July 2023, Nigerian Exchange Group Plc (NGX Group) has announced an interim dividend of 25 kobo per ordinary share of 50 kobo each, distributable to shareholders for the...
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Ecobank Woos SMEs In Nigeria With Single Market Trade Hub
July 22, 2023 No Responses

Ecobank Woos SMEs In Nigeria With Single Market Trade Hub

Ecobank has called on Small and medium Enterprises (SMEs) as well as large businesses in the country to onboard on its Single Market Trade Hub which was launched recently.  The Ecobank Single Market Trade Hub is a cutting-edge digital platform...
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NGX Reclassifies Fidelity Bank As Medium Price Stock
July 22, 2023 No Responses

NGX Reclassifies Fidelity Bank As Medium Price Stock

Nigerian Exchange Limited (NGX) has announced the reclassification of Fidelity Bank Plc from Small price stock to Medium price stock.  NGX in a statement explained that Rule 15.29 of the Rulebook of The Exchange, 2015 (Dealing Members’ Rules) notes that...
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Access Bank To Acquire Standard Chartered Subsidiaries In Angola, Gambia, Three Others
July 15, 2023 No Responses

Access Bank To Acquire Standard Chartered Subsidiaries In Angola, Gambia, Three Others

Access Bank Plc has concluded an arrangement to acquire the sub-saharan subsidiaries of Standard Chartered Bank. Under the arrangement, Standard Chartered will sell its shareholding in its subsidiaries in Angola, Cameroon, Gambia and Sierra Leone to Access Ban...
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UNITED CAPITAL LAUNCHES CAMPAIGN TO PROMOTE FINANCIAL INCLUSION FOR WOMEN
July 14, 2023 No Responses

UNITED CAPITAL LAUNCHES CAMPAIGN TO PROMOTE FINANCIAL INCLUSION FOR WOMEN

United Capital Asset Management Ltd., a subsidiary of United Capital Plc, has launched the #ThisGirlInvests campaign to promote financial independence and security for women across Nigeria.   A statement explained that the  campaign seeks to enc...
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How To Send Money Across Africa Using Ecobank Mobile, Omnilite Apps
July 13, 2023 No Responses

How To Send Money Across Africa Using Ecobank Mobile, Omnilite Apps

Ecobank customers can now transfer money in seconds to 33 African countries where Ecobank Group operates using Ecobank Mobile and Omnilite apps and the recipient gets immediate credit in the target country’s local currency. Announcing this new developme...
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DBN Empowers  1,000 MSMEs 
July 11, 2023 No Responses

DBN Empowers  1,000 MSMEs 

The Development Bank of Nigeria (DBN) in continuation of its capacity development training programmes for Micro, Small and Medium Enterprises (MSMEs) in Nigeria, has organised a one-day training for over 1,000 small businesses across six states in the North-Ea...
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