Category: Capital Market/Banking

AfDB Mobilises $31b Investment Interest 
November 7, 2022 No Responses

AfDB Mobilises $31b Investment Interest 

The African Development Bank (AfDB), has drawn 31 billion dollars in investment interest from African and global investors.  In a statement issued by the Communication and External Relations unit of the AfDB, President of the bank, Dr Akinwumi Adesina said...
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<strong>First Bank Reiterates Commitment To Funding Mining Sector</strong>
November 5, 2022 No Responses

First Bank Reiterates Commitment To Funding Mining Sector

First Bank of Nigeria has reiterated its support to mining sector development and growth as part of efforts to diversify the nation’s economy. First Bank’s Group Head, Corporate Banking, Energy (Upstream and midstream), Temitayo Osundosumu, said this durin...
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Market Capitalisation Drop By N25b
November 4, 2022 No Responses

Market Capitalisation Drop By N25b

The equity market extended losses on Thursday as the market capitalisation shed N25 billion or 0.10 per cent to close at N24.094 trillion from the 24.119 trillion on Wednesday.  Similarly, the All-Share Index dipped by 46.32 points or 0.10 per...
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Dangote Sugar Declares N24.83b Profit In Nine Months 
October 31, 2022 No Responses

Dangote Sugar Declares N24.83b Profit In Nine Months 

For the nine months period ended September 30, 2022, Dangote Sugar Refinery Plc has announced a Profit Before Tax (PBT) of N36.27 billion.  Group Managing Director, Dangote Sugar Refinery Plc, Mr Ravindra Singhvi, in a statement on Sunday explained that.....
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Expert Tasks Bankers On Infrastructure Funding
October 30, 2022 No Responses

Expert Tasks Bankers On Infrastructure Funding

An infrastructure specialist, Mr Opuiyo Oforiokuma, has urged bankers to come up with a plan to fund infrastructure in Nigeria.  Oforiokuma, a Senior Partner at Africa50 Infrastructure Acceleration Fund, gave the advice at the 2022 Fellowship Investiture ...
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Investors Lose N388b On NGX  
October 29, 2022 No Responses

Investors Lose N388b On NGX  

The Nigerian Exchange Ltd. (NGX) declined further on Friday as market capitalisation depreciated by N388 billion or 1.6 per cent to close at N23.918 trillion from N24.306 trillion on Thursday.  Also, the All-Share Index (ASI) fell by 712.54 points or...
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Naira Weakens Further To Dollar At Investors, Exporters Window
October 29, 2022 No Responses

Naira Weakens Further To Dollar At Investors, Exporters Window

The Naira on Friday exchanged at N444.75 to the dollar at the Investors and Exporters window, a depreciation of 0.06 percent, compared with N444.50 to the dollar it exchanged on Thursday.  The open indicative rate closed at N443 to the...
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Conoil Shareholders Get N1.7b Dividend For 2021  
October 28, 2022 No Responses

Conoil Shareholders Get N1.7b Dividend For 2021  

Shareholders of Conoil Plc, at the weekend, unanimously approved the proposed final dividend payout of N1.734 billion, which translates to N2.50 per share, for the 2021 financial year.   The dividend payment ratified at the company’s 52nd Annual General...
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Union Bank Wins Global Finance Award For Best SME Bank    
October 28, 2022 No Responses

Union Bank Wins Global Finance Award For Best SME Bank    

Union Bank of Nigeria has been named as the Best Small and Medium Enterprises (SME) bank in Nigeria by Global Finance – a leading financial international publication, in its second annual 2023 SME Bank Awards.   A statement sent to...
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Q3: Unity Bank Declares N2.2b Profit  
October 28, 2022 No Responses

Q3: Unity Bank Declares N2.2b Profit  

Unity Bank Plc has declared a N2.2 billion profit for the nine-month period ended September 30, 2022, with 17% growth in gross earnings to N42.2 billion for the same period, as against N36.2 billion in the corresponding period of 2021....
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Sterling Bank Highlights Opportunities In Agric Sector  
October 28, 2022 No Responses

Sterling Bank Highlights Opportunities In Agric Sector  

There are massive opportunities in the agricultural sector of the Nigerian economy for those who are prepared to work hard with a clear vision and commitment, Chairman, Board of Directors, Sterling Bank, Asue Ighodalo has said.    Ighodalo made the.....
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Emefiele To Risks Managers: Remain Vigilant, Deal With Complex Risks
October 28, 2022 No Responses

Emefiele To Risks Managers: Remain Vigilant, Deal With Complex Risks

Governor, Central Bank of Nigeria (CBN), Mr Godwin Emefiele, has urged risks managers to be vigilant in order to deal with the complex risks the country is currently facing.   Emefiele gave the advice at the 2nd National Risk Management Conference,.....
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FBN Holdings Declares N91.2b Profit In Q3  
October 28, 2022 No Responses

FBN Holdings Declares N91.2b Profit In Q3  

For the third quarter ended September 30, 2021, FBN Holdings (FBNH) Plc has declared a profit after tax (PAT) of N91.2 billion, amounting to a growth of 123.6 per cent when compared with N40.8 billion achieved in the comparative period of...
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Q3:GTCO Declares N169.7b Profit
October 27, 2022 No Responses

Q3:GTCO Declares N169.7b Profit

Guaranty Trust Holding Company Plc (GTCO) on Wednesday released its unaudited consolidated and separate financial statements for the period ended Sept. 30, to the Nigerian Exchange Ltd. (NGX) and London Stock Exchange (LSE).  The Group reported profit bef...
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