Capital Market/Banking – Page 55

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...

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...

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...

September 9, 2022 No Responses

Equity Market Recovers N29b

Bullish sentiment returned to the Nigerian stock market on Thursday following investors’ interest in Union Bank and United Bank for Africa (UBA) as the first gain of the week. Specifically, the market capitalisation rose by N29 billion or 0.11 per...

September 8, 2022 No Responses

Fidelity Bank Presents Cash Prizes To GAIM 5 Grand Final Promo Winners

Fidelity Bank on Wednesday rewarded 13 winners of the Get Alert In Millions Season 5 promo (GAIM 5) with cash prizes. Mr Charles Ahiwe of Saka Tinubu Cash Centre bagged the star prize of N10 million, while other winners were...

September 7, 2022 No Responses

Export Earnings Takes Centre Stage As FICAN Holds Annual Conference

All is now set for the 2022 edition of the up Finance Correspondents Association of Nigeria (FICAN) annual conference. A statement issued by the leadership of the association disclosed that the conference, which will hold on Saturday 17th and Sunday...

September 7, 2022 No Responses

FMDQ Approves N30b Commercial Paper programme To Boost Agriculture

The FMDQ Securities Exchange Ltd. has approved the registration of the Johnvents Industries Ltd N30 billion Commercial Paper (CP) to boost agriculture productivity. A statement issued on Tuesday explained that the approval was in furtherance of the compa...

September 6, 2022 No Responses

DMO Offers Two New FGN Savings Bonds

The Debt Management Office (DMO), on Monday, announced two new Federal Government of Nigeria (FGN) savings bonds offer at N1,000 per unit for September. According to the DMO, on its website, the first one is a two-Year FGN Savings Bond...

September 6, 2022 No Responses

GTCO Post N103.2b Pre-Tax Profit In H1

Guaranty Trust Holding Company Plc (GTCO) has posted a profit before tax of N103.2 billion for the period ending June 30. The bank stated this in its audited consolidated and separate financial statements to the Nigerian Exchange Group (NGX) and...

September 1, 2022 No Responses

Fidelity Bank Explains N21.6b Profit, 10k Interim Dividend In H1

Fidelity Bank Plc has released its H1 2022 results recording 21.6% growth in profit to N21.6bn as well as growth in most key ratios. According to the report released on the Nigerian Exchange (NGX) on Tuesday, 30 August 2022, the...

August 31, 2022 No Responses

Fidelity Bank Rewards GAIM Season 5 Promo Winners With N27m

Fidelity Bank Plc on Tuesday splashed N27 million on 13 customers in the final draw of its Get Alert In Millions (GAIM) Season 5 savings promo. The cash prizes were in the categories of N10 million grand prize, N5 million,...

August 30, 2022 No Responses

Sky Capital Appoints MD, Non-EDs For Skye Bank Sierra Leone

Sky Capital & Financial Allied Limited, the financial services subsidiary of SIFAX Group, has appointed a new Managing Director and three non-executive directors for one of its subsidiaries Skye Bank, Sierra Leone. After the approval by the Bank of S...

August 29, 2022 No Responses

Ecobank Nigeria Unveils Special Loans, Remittances Scheme

Ecobank Nigeria has unveiled a special scheme on Back2School loans and remittances for all its customers. Head, Consumer Banking, Ecobank Nigeria, Korede Demola-Adeniyi said the loan offerings have been developed based on the bank’s understanding...

August 26, 2022 No Responses

Citi Bank To Close Russian Branches

US bank Citigroup is to close its remaining branches and consumer banking operations in Russia as it exits the country in protest at the war in Ukraine. The move, which affects 2,300 staff in the country, follows an exodus of...

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Category: Capital Market/Banking