Category: Capital Market/Banking

Investors Recover N81b As Equity Market Closes Positive
August 6, 2022 No Responses

Investors Recover N81b As Equity Market Closes Positive

Trading activities at the Nigeria equity market closed in a positive posture, as investors raked in N81.01 billion gain on Friday.  Similarly, the gain made the market capitalisation close at N27.358 trillion from N27.276 trillion recorded on Thursday.  Also, the...
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100 Ecobank Customers Win N50,000 Each
August 6, 2022 No Responses

100 Ecobank Customers Win N50,000 Each

Ecobank Nigeria has announced the names of 100 customers who are the first set of lucky winners in the super Rewards season 3 campaign monthly draw with an N50,000 cash prize each. The Super Rewards Campaign is a customer-focused initiative designed...
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FirstBank Branch, Head Office, Not Sealed
August 6, 2022 No Responses

FirstBank Branch, Head Office, Not Sealed

The management of FirstBank of Nigeria has debunked a report stating that its head office or branch has been sealed. A statement issued on Friday by Kehinde Taiwo of the bank’s​ Marketing & Corporate Communications department, stated: “Our attention ...
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Naira Gains Marginally At Investors, Exporters Window
August 5, 2022 No Responses

Naira Gains Marginally At Investors, Exporters Window

The Naira on Thursday gained against the dollar at the Investors and Exporters window, exchanging at N428.12.  The figure represented an increase of 0.25 per cent compared with the N429.20 it exchanged for the dollar on Wednesday.  The open indicative...
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FG Secures $134m Loan From AfDB To Boost Wheat Production
August 4, 2022 No Responses

FG Secures $134m Loan From AfDB To Boost Wheat Production

The Federal Government has obtained a $134m loan from the Africa Development Bank (AfDB) to boost wheat production.  Minister of Agriculture and Rural Development, Dr Muhammad Mahmoud, said this in Abuja while briefing State House correspondents on the implem...
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Citibank Appoints Shamsuddeen Usman Chairman
August 3, 2022 No Responses

Citibank Appoints Shamsuddeen Usman Chairman

Former Minister of Finance, former Minister of National Planning, and former Deputy Governor of the Central Bank of Nigeria, Dr. Shamsuddeen Usman has been appointed the Chairman of the Board, Citibank Nigeria Limited effective July 20, 2022.  Usman had s...
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DMO Lists Additional FGN Savings Bonds 
August 2, 2022 No Responses

DMO Lists Additional FGN Savings Bonds 

The Debt Management Office (DMO) has announced two additional Federal Government of Nigeria (FGN) savings bonds for an offer for the month of August, at N1,000 per unit.  DMO explained on Monday in Abuja that the first offer is a...
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Ecobank Nigeria Appoints Nnaeto Orazulike As Non-Executive Director 
August 2, 2022 No Responses

Ecobank Nigeria Appoints Nnaeto Orazulike As Non-Executive Director 

The Board of Directors of Ecobank Nigeria Limited has announced the appointment of Ichie (Dr) Nnaeto Orazulike as a Non-Executive Director.   Ichie (Dr) Nnaeto Orazulike is a seasoned business magnate, corporate administrator, and philanthropist...
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Nigerian Breweries Declares N274.03b Revenue, N19.08b Profit In Six Months  
August 1, 2022 No Responses

Nigerian Breweries Declares N274.03b Revenue, N19.08b Profit In Six Months  

For the first half of the year ended June 30, 2022, Nigerian Breweries Plc attained revenue of N274.03 billion, representing a growth of 31 per cent when compared with N209.22 billion posted in the preceding period of 2021.  A statement issued...
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ABCON Urges CBN To Float Naira 
July 31, 2022 No Responses

ABCON Urges CBN To Float Naira 

The Association of Bureaux Des Change Operators of Nigeria (ABCON) has urged the Central Bank of Nigeria (CBN) to float the Naira to halt its further depreciation.  The President of ABCON, Alhaji Aminu Gwadabe, made the appeal on Saturday in...
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FBN Holdings Declares N359.2b Gross Earnings, N56.5b Profit In Six Months 
July 30, 2022 No Responses

FBN Holdings Declares N359.2b Gross Earnings, N56.5b Profit In Six Months 

FBN Holdings Plc has announced its unaudited results for the half year ended June 30, 2022 with a gross earnings of N359.2 billion.  In a statement on Friday, the company explained that the gross earnings indicated an increase of 22.4...
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Unity Bank Posts N27.6b  Gross Earnings In Six Months
July 30, 2022 No Responses

Unity Bank Posts N27.6b  Gross Earnings In Six Months

Unity Bank Plc has announced a gross earnings of N27.6 billion for the first half of 2022 ended June 30.  According to the result, the figure represented a growth of 17.09 per cent compared with N23.6 billion posted in the...
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CBN Issues National Licence To TAJBank
July 28, 2022 No Responses

CBN Issues National Licence To TAJBank

TAJBank Limited Nigeria’s leading non-interest bank has secured approval for nationwide banking operations from the Central Bank of Nigeria (CBN). The bank’s Managing Director, Mr Hamid Joda, made this known in a statement on Wednesday.  Joda said tha...
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Firstmonie Agents Hit One Billion Transaction Volume
July 28, 2022 No Responses

Firstmonie Agents Hit One Billion Transaction Volume

Firstmonie has collectively processed transaction volume in excess of one billion, amounting to over N22 trillion, First Bank of Nigeria Ltd, has disclosed   Group Head, Marketing and Corporate Communications, Mrs Folake Ani-Mumuney in a statement ex...
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