Category: Capital Market/Banking

Elumelu: Africa Needs To Rethink Its Relationship With Business
June 5, 2023 No Responses

Elumelu: Africa Needs To Rethink Its Relationship With Business

Africa needs to rethink its relationship with business, foremost Nigerian industrialist and Chairman, Heirs Holdings Group, Tony Elumelu, has reinstated. According to Elumelu, “Africapitalism” means the private sector can transform Africa’s economy and society for the better. Elumelu in an...
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NGX RegCo, ISSB, FRCN To Host Webinar On Sustainability Disclosure Standards
June 5, 2023 No Responses

NGX RegCo, ISSB, FRCN To Host Webinar On Sustainability Disclosure Standards

NGX Regulation Limited (NGX RegCo), in collaboration with the International Sustainability Standards Board (ISSB) and Financial Reporting Council (FRC) of Nigeria, is set to host a 3-day workshop/webinar on sustainability disclosure standards for companies as ...
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Unity Bank Grows Gross Earnings to N57Billion In 2022
June 5, 2023 No Responses

Unity Bank Grows Gross Earnings to N57Billion In 2022

Unity Bank Plc has posted a Profit Before Tax of N1.1 billion for its full-year results that ended December 2022, even as its gross earnings rose by 13.1% to N57 billion from N50.2 billion in the corresponding period of 2021. ...
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Access Bank Tops List Of Nigeria’s Most Valuable Brand 
June 3, 2023 No Responses

Access Bank Tops List Of Nigeria’s Most Valuable Brand 

Access Bank is the most valuable Nigerian brand, valued at NGN205.6 billion Following an impressive year-on-year brand value growth of 31%.  In a statement on Friday, Brand Finance explained that Access Bank has become the most valuable Nigerian...
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Fidelity Bank MD, Nneka Onyeali-Ikpe Gets National Award
May 31, 2023 No Responses

Fidelity Bank MD, Nneka Onyeali-Ikpe Gets National Award

Chief Executive Officer of Fidelity Bank PLC, Nneka Onyeali-Ikpe, has been listed amongst the recipients of the 2023 national awards. According to the 2023 national awards list released by the Federal Government last weekend, Onyeali-Ikpe would be conferred wi...
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Allotments For FGN Savings Bonds Hit N5.06b
May 26, 2023 No Responses

Allotments For FGN Savings Bonds Hit N5.06b

FGN Savings Bonds has risen to N5.06 billion in the first five months of 2023, the Nigerian Exchange Limited (NGX) has revealed. The Divisional Head, Capital Markets at NGX, Jude Chiemeka, made this known during the NGX Savings Bond webinar...
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Okomu Oil Shareholders Okay N21 Final Dividend For 2022
May 25, 2023 No Responses

Okomu Oil Shareholders Okay N21 Final Dividend For 2022

By Moses Ebosele, ebosele@hotmail.com  Shareholders of Okomu Oil Palm Company Plc have approved final dividend of N12 per share for the year ended December 31, 2022.  This in addition to the N9 paid as interim dividend amounts to a total of...
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CBN Revokes licences Of 132 Microfinance Banks
May 24, 2023 No Responses

CBN Revokes licences Of 132 Microfinance Banks

The Central Bank of Nigeria  (CBN), on Tuesday, revoked the operating licenses of 132 microfinance banks and those of four primary mortgage banks and three finance companies. This was disclosed in the official gazette of the Federal Government, which was....
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Nestlé Appoints Oyebode Board Chairman
May 23, 2023 No Responses

Nestlé Appoints Oyebode Board Chairman

The Board of Nestlé Nigeria PLC has appointed Mr. Gbenga Oyebode  as the new Chairman of the Board of Directors with effect from May 18, 2023.   The appointment announced to shareholders and other stakeholders at the Annual General Meeting of.....
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Stock Market Recovers N88b
May 18, 2023 No Responses

Stock Market Recovers N88b

The All-Share Index (ASI) of the Nigeria Exchange on Wednesday gained 161.53 basis points or 0.31 percent to settle at 52,580.86 compared to 52, 419.33 on Tuesday. Sustained interests in Zenith Bank, Guaranty Trust Holding Company (GTCO), and FirstBa...
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Ecobank Workers Conference: Experts Harp On Savings, Income Diversification
May 16, 2023 No Responses

Ecobank Workers Conference: Experts Harp On Savings, Income Diversification

Salary earners, individuals, self-employed and small businesses have been advised to make deliberate efforts to save and diversify their income stream in light of the current state of the nation’s economy. This was the submission of panelists at the webinar....
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Fidelity Bank CEO Bags Champion Newspapers’ Banker Of The Year Award
May 15, 2023 No Responses

Fidelity Bank CEO Bags Champion Newspapers’ Banker Of The Year Award

Managing Director/Chief Executive Officer, Fidelity Bank Plc, Mrs. Nneka Onyeali-Ikpe has received yet another recognition as she bagged the award of the Banker of the Year 2022 at the Champion Newspapers’ Awards of the Year 2022. Held at the Eko...
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Union Bank: Titan Trust Bank To Acquire Shares Of Minority Shareholders
May 8, 2023 No Responses

Union Bank: Titan Trust Bank To Acquire Shares Of Minority Shareholders

Union Bank Plc core shareholder, Titan Trust Bank Limited has offered to acquire the shares of all minority shareholders in Union Bank. In a Proposed Scheme of Arrangement notice to the Nigerian Exchange Limited (NGX) and signed by Somuyiwa Sonubi, t...
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FG Presents Discharge Certificate To Transcorp
May 8, 2023 No Responses

FG Presents Discharge Certificate To Transcorp

  Following fulfilment of all privatization conditions, Transcorp Power Limited, located in Ughelli, Delta State, with an installed capacity of 972MW, was presented with a post-privatisation discharge certificate by the Federal Government of Nigeria o...
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