Category: Capital Market/Banking

Access Bank Acquires $37m Stake In Kenya’s Sidian Bank
June 9, 2022 No Responses

Access Bank Acquires $37m Stake In Kenya’s Sidian Bank

Access Bank Holding Plc has concluded plans to acquire Kenya’s Sidian Bank Ltd., for N15 billion ($37 million).     The bank disclosed this in a notice signed by Mr Sunday Ekwochi, Company Secretary of the bank, and made available on the...
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TAJBank Explains N100b Maiden Sukuk Offering For Private Sector
June 7, 2022 No Responses

TAJBank Explains N100b Maiden Sukuk Offering For Private Sector

TAJBank Limited, Nigeria’s leading non-interest bank, is set to launch Nigeria’s first private sector Sukuk offering valued at N100 billion.  According to a statement by the bank’s Managing Director, Mr Hamid Joda, the Sukuk offering is currently un...
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Fidelity Bank Bags SME Award  
June 7, 2022 No Responses

Fidelity Bank Bags SME Award  

Fidelity Bank Plc has been recognized as the ‘Best SME Bank in Nigeria’ by the Global Finance Banking & Finance Awards 2022.  According to the organizers, Global Banking and Finance review, the bank has presented the award after a comprehensive...
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SEC Proposes Unique Identifiers For Capital Market Participants  
June 6, 2022 No Responses

SEC Proposes Unique Identifiers For Capital Market Participants  

To curtail fraud in the capital market and reduce the quantum of unclaimed dividends, the Securities and Exchange Commission (SEC) has concluded plans to give capital market participants unique identifiers.   According to SEC, this formed part of ongoing...
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Shareholders Laud NASCON’s N2.97b Net Profit In 2021 
June 6, 2022 No Responses

Shareholders Laud NASCON’s N2.97b Net Profit In 2021 

National Salt Company of Nigeria (NASCON) Allied Industry Plc, a subsidiary of Dangote Industries (DIL) Ltd.,  recorded a net profit of N2.97 billion, while profit before tax rose from N3.9 billion to N4.3 billion for the year 2021. A statement issue...
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DMO Lists Two New FGN Bonds  
June 5, 2022 No Responses

DMO Lists Two New FGN Bonds  

The Debt Management Office (DMO) has listed two new Federal Government of Nigeria (FGN) savings bonds for subscription at N1,000 per unit. According to the DMO, the first one is a two-year savings bond maturing on June 15, 2024, at an...
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Access Bank Reiterates Support For Entrepreneurs, Small Businesses
June 4, 2022 No Responses

Access Bank Reiterates Support For Entrepreneurs, Small Businesses

Access Bank Plc has pledged to fund entrepreneurs, and create market access for small businesses across the country.  A statement by the Deputy Managing Director of the bank, Mr Victor Etuokwu, on Friday, said the bank remained resolute in its...
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CBN Reviews Operations Of NIBBS Instant Payments System, Others
June 3, 2022 No Responses

CBN Reviews Operations Of NIBBS Instant Payments System, Others

The Central Bank of Nigeria (CBN)  has reviewed upwards, the operations of the Nigeria Inter-Bank Settlement System (NIBSS) and other electronic payment operations.  This is contained in a circular issued by Musa Jimoh, Director, Payments S...
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Seplat Awards N5b Shares To Three Directors
June 2, 2022 No Responses

Seplat Awards N5b Shares To Three Directors

Seplat Energy Plc has announced that share awards have been granted to three top directors under its 2014 Long Term Incentive Plan (LTIP).  The beneficiaries include Mr Roger Brown, Chief Executive Officer, who was awarded 1,733,345 shares; and Mr Emeka.....
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Okomu Oil Tops Loser’s Table As Market Capitalisation  Drop By 9billion
June 2, 2022 No Responses

Okomu Oil Tops Loser’s Table As Market Capitalisation  Drop By 9billion

Bearish sentiment continued at the Nigerian stock market on Wednesday following sell-off in Okumu Oil and Fidelity Bank stocks.  Specifically, the market capitalisation lost N9 billion or 0.03 per cent to close at N28.558 trillion from N28.567 trillion on...
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Market Capitalisation Loses N422b
June 1, 2022 No Responses

Market Capitalisation Loses N422b

The equities market settled lower on Tuesday as market capitalisation declined by N422 billion to close at N28.567 trillion from N28.989 trillion on Monday.  The All-Share Index (ASI) also dipped by 1.45 per cent to 52,990.28 points from 53,772.14 points....
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Okomu Oil Shareholders Get N7.6b Dividend For 2021
May 30, 2022 No Responses

Okomu Oil Shareholders Get N7.6b Dividend For 2021

By citybusinessnews@yahoo.com — For the year ended December 31, 2021, Okomu Oil Palm Company Plc has rewarded shareholders with N8 per share dividend, amounting to N7.6billion.  Within the period, the company recorded profit after tax of N11.54 billion...
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Sterling Unveils Imperium Platform For Solar Energy Consumers
May 30, 2022 No Responses

Sterling Unveils Imperium Platform For Solar Energy Consumers

Sterling Bank Plc has launched a new and innovative digital product, known as the Imperium Platform, in a bid to connect consumers and providers of renewable energy (solar solutions) as a viable solution to Nigeria’s electricity crisis. A statement sent....
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2021: TAJBank Reports 433 Per Cent Increase In PBT  
May 30, 2022 No Responses

2021: TAJBank Reports 433 Per Cent Increase In PBT  

TAJBank Limited, the second non-interest bank, recorded more milestones in its second year of operations with its profit before tax (PBT) surging to N1.6 billion in FY2021, representing 433% improvement over the preceding year’s profit.  This is even as...
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