Category: Capital Market/Banking

FBNHoldings Declares N757b Revenue, N166.7b Profit Before Tax In 2021 
May 29, 2022 No Responses

FBNHoldings Declares N757b Revenue, N166.7b Profit Before Tax In 2021 

For the year ended December 31st,  2021, FBN Holdings Plc has attained 28.2% increase in gross revenue to  ₦757.3 billion and profit before tax of  ₦166.7 billion, an increase of 99.9%.  According to  Dr. Adesola Adeduntan, Chief Executive Officer of FirstBank ...
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Market Capitalisation Recovers N504b
May 28, 2022 No Responses

Market Capitalisation Recovers N504b

The key performance indicators of the Nigerian Exchange closed on Friday with 1.76 per cent growth amid gains in stocks of First Bank of Nigeria Holdings (FBNH), Airtel Africa, amongst others.  Specifically, the market capitalisation inched higher by N504...
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Unity Bank To Empower More Underbanked Women Entrepreneurs With Yanga Product 
May 28, 2022 No Responses

Unity Bank To Empower More Underbanked Women Entrepreneurs With Yanga Product 

Divisional Head, Retail, SME Banking and E-Business, Unity Bank Plc, Mr. Olufunwa Akinmade has explained that launching the Bank’s latest retail product called Yanga is to create a unique product proposition aimed at empowering the underbanked women entrepre...
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UBA To Reward Loyal Customers In Super Savers Draw 
May 27, 2022 No Responses

UBA To Reward Loyal Customers In Super Savers Draw 

The United Bank for Africa (UBA) Plc, is set to reward loyal customers during its Super Savers Draw scheduled to hold on Friday, May 27th at the UBA Head Office, Marina, Lagos State.   A statement sent to City Business News explained...
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Ecobank Shareholders Get $40m Dividend 
May 26, 2022 No Responses

Ecobank Shareholders Get $40m Dividend 

The Ecobank Transnational Incorporation (ETI), the parent company of the Ecobank Group, has paid out a total dividend of 40 million dollars to shareholders.  The Group Chief Executive Officer (CEO) and Executive Director of ETI,  Ade Ayeyemi, made th...
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CBN Disburses N1tri To Farmers
May 25, 2022 No Responses

CBN Disburses N1tri To Farmers

The Central Bank of Nigeria (CBN) has increased its funding and interventions in various sectors to boost economic growth.  Governor of the CBN, Mr Godwin Emefiele, said this on Tuesday in Abuja while presenting a communique issued at the end of...
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NGX Loses N519billion
May 25, 2022 No Responses

NGX Loses N519billion

The negative sentiment continued on the Nigerian Exchange Ltd., (NGX) on Tuesday with the market capitalisation declining further by N519 billion to close at N28.006 trillion against N28.525 trillion on Monday.  In the same vein, the All-Share Index lost ...
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Fidelity Bank Partners Edo, GIZ To Host CBN RT200 FX Exports Roundtable 
May 21, 2022 No Responses

Fidelity Bank Partners Edo, GIZ To Host CBN RT200 FX Exports Roundtable 

Fidelity Bank Plc has announced plans to host an exports roundtable and policy sensitisation workshop for businesses in Benin-City, Edo State capital in partnership with the Edo State Investment Promotion Office (ESIPO) and GIZ on Tuesday, 24 May 2022. &n...
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ABP Loan: CBN To Clampdown On Defaulting Farmers
May 19, 2022 No Responses

ABP Loan: CBN To Clampdown On Defaulting Farmers

The Central Bank of Nigeria (CBN) has appealed to farmers who defaulted in paying back the loans obtained under the Anchor Borrowers’ Programme (ABP) to pay back.  Mr Sadeeq Ajayi, in CBN Development Finance Office, made the appeal on Wednesday...
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Seplat Post $177m Pre-Tax Profit For 2021
May 19, 2022 No Responses

Seplat Post $177m Pre-Tax Profit For 2021

Seplat Energy Plc has recorded a pre-tax profit of $177million for the year ended December 2021, amounting to 321 per cent higher than the $80 million recorded by the company, which is listed on the Nigerian Exchange and the London...
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Dangote Cement Declares N413.2b Revenue, ₦105.9b Profit In Q1
May 17, 2022 No Responses

Dangote Cement Declares N413.2b Revenue, ₦105.9b Profit In Q1

For the first quarter (Q1) of 2022 ended March 31, 2022, Dangote Cement Plc recorded unaudited 24.2 percent increase in revenue and an 18 percent increase in profit after tax, amounting to N413.2 billion revenue and profit after tax of₦105.9 billion...
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FMBN Disburses N394.6b To Beneficiaries 
May 17, 2022 No Responses

FMBN Disburses N394.6b To Beneficiaries 

The Federal Mortgage Bank of Nigeria (FMBN) has disbursed N394.575 billion to beneficiaries from 1992 to 2022.  The Group Head, Corporate Communications (FMBN), Mr Lawal Sauri disclosed this in an interview with the News Agency of Nigeria (NAN) on Monday....
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SAHCO Wins Best Performing Stock Award
May 16, 2022 No Responses

SAHCO Wins Best Performing Stock Award

Skyway Aviation Handling Company Plc (SAHCO) has won the award of “Best Performing Stock” for the year 2021 at the Nigerian Investor Value Awards 2022 (NIVA) hosted by BusinessDay and the Nigerian Exchange (NGX).    A statement issued by Man...
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Again, Naira Depreciates Against Dollar
May 13, 2022 No Responses

Again, Naira Depreciates Against Dollar

The Naira on Thursday depreciated further at the Investors and Exporters window, exchanging at N420 to the dollar, a 0.30 per cent depreciation, weaker than N418.75 traded on Wednesday.  The open indicative rate closed at N416.50 to the dollar on...
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