Category: Capital Market/Banking

Chams, Ardova, Top Gainers‘ Table As NGX Rebounds With N14b 
September 29, 2022 No Responses

Chams, Ardova, Top Gainers‘ Table As NGX Rebounds With N14b 

The Nigerian Exchange (NGX) on Wednesday gained N14 billion as market capitalisation closed at N26.531 trillion from N26.517 trillion recorded on Tuesday.  Also, the All Share Index (ASI) increased marginally by 10.25 basis points or 0.02 per cent gain to...
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Ardova Explains N192.47b Revenue, N20.91b Shareholders’ Funds For 2021
September 28, 2022 No Responses

Ardova Explains N192.47b Revenue, N20.91b Shareholders’ Funds For 2021

By Moses Ebosele, ebosele@hotmail.com   — For the 2021 financial year, Ardova Plc attained a gross revenue of N192.47 billion, representing a 5.95  per cent increase from the 2020 revenue of N181.66 billion, whilst the group revenue closed a...
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Sterling Positions For Expansion With New Structure 
September 28, 2022 No Responses

Sterling Positions For Expansion With New Structure 

With the unanimous support received from its shareholders, Sterling Bank, soon to be known as Sterling Financial Holdings Company, is firmly positioned to expand its financial services footprint from traditional banking and deliver more value to its shareholde...
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Fidelity Bank, SMEDAN, Seal SMEs MoU
September 27, 2022 No Responses

Fidelity Bank, SMEDAN, Seal SMEs MoU

In what has been termed a major move to bridge the gap in helping small businesses access much-needed funding and capacity development initiatives, Fidelity Bank Plc has announced a strategic partnership with the Small and Medium Enterprises Development Agency...
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Stock Market Rebounds By N87b
September 27, 2022 No Responses

Stock Market Rebounds By N87b

The Nigerian Exchange (NGX) was upbeat on Monday as market capitalisation increased by N87 billion or 0.33 per cent to close at N26.532 trillion from N26.445 trillion recorded on Friday.  Also, the All-Share Index (ASI) increased by 162.70 basis points,.....
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FirstBank Partners Verve International, Rewards Customers In New Promo
September 23, 2022 No Responses

FirstBank Partners Verve International, Rewards Customers In New Promo

First Bank of Nigeria in partnership with Verve International, has inaugurated the third National Consumer promo designed to reward users of FirstBank verve cards with gifts and cash prizes.  Mr Chuma Ezirim, Group Executive, e-Business and Retail Products, F...
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Stock Market Drops Further by N124b 
September 23, 2022 No Responses

Stock Market Drops Further by N124b 

The stock market closed on Thursday on a negative note as market capitalisation decreased by N124 billion or 0.47 per cent to close at N26.533 trillion from N26.657 trillion on Wednesday.  The All-Share Index (ASI) also dropped by 231.57 points...
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Stock Market Loses N13b In Bearish Trading
September 22, 2022 No Responses

Stock Market Loses N13b In Bearish Trading

Trading on the nation’s bourse again ended negative on Wednesday as market capitalisation lost N13 billion or 0.05 per cent to close at N26.657 trillion against N26.670 trillion on Tuesday.  Also, the All-Share Index lost 23.40 points or 0.05 per...
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Access Bank Rewards Customers With Cash Prizes In AccessMore Mega Reward
September 21, 2022 No Responses

Access Bank Rewards Customers With Cash Prizes In AccessMore Mega Reward

Access Bank Plc, has rewarded its customers with millions of naira, smartphones and other prizes in the first phase of the AccessMore Mega Reward Scheme.  Head, Marketing and Communications, Access Bank, Mrs  Chioma Afe, explained in a statement on T...
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UBA Begins Cross-Border Transactions With PAPSS In Q4  
September 20, 2022 No Responses

UBA Begins Cross-Border Transactions With PAPSS In Q4  

United Bank for Africa Plc (UBA) is to commence cross-border transactions with the new Pan-African Payment and Settlement System (PAPSS) in the fourth quarter of 2022.    Group Head, Digital Banking, UBA, Mr Kayode Olubiyi, expained on Tuesday at a.....
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Fitch Upgrades FBN Holdings To ‘B’, Outlook stable
September 20, 2022 No Responses

Fitch Upgrades FBN Holdings To ‘B’, Outlook stable

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Selloffs Persist As Equity Market Drops N19b
September 16, 2022 No Responses

Selloffs Persist As Equity Market Drops N19b

Profit-taking continued on Thursday as the market capitalisation of the Nigerian Exchange Ltd. (NGX) lost N19 billion to close at N26.721 trillion as against N26.740 trillion the previous day.  The All Share Index (ASI) also decreased by 35.45 points or.....
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Ecobank Group Appoints  Jeremy Awori CEO 
September 13, 2022 No Responses

Ecobank Group Appoints  Jeremy Awori CEO 

Ecobank Transnational Incorporated (ETI), the parent company of the Ecobank Group, on Monday, announced that the current Group Chief Executive Officer, Ade Ayeyemi, will retire after he attains the age of 60, in accordance with ETI policy.    Ac...
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UBA Records Double-Digit Growth, Declares N0.20k Interim Dividend 
September 9, 2022 No Responses

UBA Records Double-Digit Growth, Declares N0.20k Interim Dividend 

United Bank for Africa (UBA) Plc, has announced its audited financial results for the half year ended June 30, 2022, recording double-digit growth across key income lines as well as significant progress in the contribution from its subsidiaries.   At...
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