Category: Capital Market/Banking

DMO Offers April FGN Savings Bonds
April 4, 2023 No Responses

DMO Offers April FGN Savings Bonds

The Debt Management Office (DMO), on Monday offered two Federal Government of Nigeria (FGN) Savings Bonds for the month of April at N1,000 per unit. According to the DMO, the first offer is a two-year FGN Savings Bond due in...
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Losses In Banking Stocks Push Indices Down By N76b
April 4, 2023 No Responses

Losses In Banking Stocks Push Indices Down By N76b

The equity market on Monday extended a negative position as it recorded N76 billion in losses, following sell-offs in Tier-one banking stocks. The market capitalisation lost N76 billion or 0.09 per cent to close at N29.517 trillion compared to N29.543...
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Capital Market Gets Major Boost As Senate Passes Investments Bill
March 30, 2023 No Responses

Capital Market Gets Major Boost As Senate Passes Investments Bill

The nation’s capital market received a major boost Wednesday as the Senate of the Federal Republic of Nigeria passed into law, the Investments and Securities Bill 2023. The Bill which is expected to aid the functioning of the capital market and...
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Cadbury Nigeria Declares N55.2b Gross Earnings For 2022
March 29, 2023 No Responses

Cadbury Nigeria Declares N55.2b Gross Earnings For 2022

Cadbury Nigeria Plc, a subsidiary of Mondelēz International, recorded gross earnings of N55.21 billion for the full year ended December 31, 2022. The turnover represents 30 per cent growth when compared to the N42.37 billion posted in the same period in....
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Stock Market Investors Lose N341b
March 29, 2023 No Responses

Stock Market Investors Lose N341b

The Nigerian Exchange Ltd. (NGX) on Tuesday witnessed further drop in market indices by 1.2 per cent, amid sustained negative investment sentiments. Specifically, the NGX All-Share Index dropped 626.14 points or 1.2 per cent to close at 53,124.63 compared with...
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Naira Crisis: Queues Gradually Disappear As Bank ATMs Dispense Cash
March 26, 2023 No Responses

Naira Crisis: Queues Gradually Disappear As Bank ATMs Dispense Cash

Long queues at commercial banks in Lagos have suddenly disappeared following the injection of more banknotes by the Central Bank of Nigeria (CBN) into commercial banks, the News Agency of Nigeria (NAN) reports. The apex bank had on Thursday confirmed...
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Regulators Approve Access Bank Zambia Merger With African Banking Corporation
March 25, 2023 No Responses

Regulators Approve Access Bank Zambia Merger With African Banking Corporation

Access Holdings Plc has received final regulatory approval for the acquisition and merger of Access Bank Zambia and African Banking Corporation Zambia Ltd. The Company Secretary, Mr Sunday Ekwochi, explained in a statement on Friday, that the transaction would...
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FirstBank Announces Management Associate Programme Application
March 23, 2023 No Responses

FirstBank Announces Management Associate Programme Application

First Bank of Nigeria Limited has announced call for participation in the third season of its FirstBank Management Associate Programme (FMAP).   Interested participants are required to submit their application via  https://hdbc.fa.em2.oracl...
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Stock Market Investors Lose N16b
March 21, 2023 No Responses

Stock Market Investors Lose N16b

Investors at the stock market of the Nigerian Exchange Ltd. (NGX) on Monday lost N16 billion due to sell-offs in medium and largely capitalised stocks. The NGX All Share Index (ASI) decreased by 29.35 basis points or 0.05 per cent...
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Market Capitalisation Down By N313b
March 17, 2023 No Responses

Market Capitalisation Down By N313b

The equity market, on Thursday, extended its losing streak for the fifth successive session as the market capitalisation decreased by  N313 billion due to investors’ continued profit-taking. The All Share Index (ASI) fell by 574.59 absolute po...
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Presco Bags Company Of The Year Award
March 16, 2023 No Responses

Presco Bags Company Of The Year Award

Presco Plc has emerged winner of the year 2022 company of the year award in recognition of its c contribtions to the agricultural sector in Nigeria.. Speaking  at the  2023 Investors’s summit held on thursday in Ibadan, Oyo State, the org...
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Stock Market Investors Lose N36b
March 15, 2023 No Responses

Stock Market Investors Lose N36b

Investors on the stock market of the Nigerian Exchange (NGX) lost N36 billion at the close of trading activities on Tuesday. Specifically, the equity capitalisation which opened at N30.391 trillion, lost N36 billion to close at N30.355 trillion, representing a...
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DMO Re-Opens Auction For N360b FGN Bonds
March 14, 2023 No Responses

DMO Re-Opens Auction For N360b FGN Bonds

The Debt Management Office (DMO) on Tuesday offered four Federal Government of Nigeria (FGN) Bonds valued at N360 billion for subscription through auction. According to the DMO, the first offer is a February 2028 FGN Bond valued at N90 billion...
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Naira Loses Further To Dollar
March 14, 2023 No Responses

Naira Loses Further To Dollar

Naira lost further to the dollar on Monday as it exchanged at N461.67 at the Investors’ and Exporters’ window. The rate represented a decrease of 0.04 per cent, compared to the N461.50 for which it exchanged to the dollar at...
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