Category: Capital Market/Banking

FBN Holdings Declares N359.2b Gross Earnings, N56.5b Profit In Six Months 
July 30, 2022 No Responses

FBN Holdings Declares N359.2b Gross Earnings, N56.5b Profit In Six Months 

FBN Holdings Plc has announced its unaudited results for the half year ended June 30, 2022 with a gross earnings of N359.2 billion.  In a statement on Friday, the company explained that the gross earnings indicated an increase of 22.4...
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Unity Bank Posts N27.6b  Gross Earnings In Six Months
July 30, 2022 No Responses

Unity Bank Posts N27.6b  Gross Earnings In Six Months

Unity Bank Plc has announced a gross earnings of N27.6 billion for the first half of 2022 ended June 30.  According to the result, the figure represented a growth of 17.09 per cent compared with N23.6 billion posted in the...
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CBN Issues National Licence To TAJBank
July 28, 2022 No Responses

CBN Issues National Licence To TAJBank

TAJBank Limited Nigeria’s leading non-interest bank has secured approval for nationwide banking operations from the Central Bank of Nigeria (CBN). The bank’s Managing Director, Mr Hamid Joda, made this known in a statement on Wednesday.  Joda said tha...
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Firstmonie Agents Hit One Billion Transaction Volume
July 28, 2022 No Responses

Firstmonie Agents Hit One Billion Transaction Volume

Firstmonie has collectively processed transaction volume in excess of one billion, amounting to over N22 trillion, First Bank of Nigeria Ltd, has disclosed   Group Head, Marketing and Corporate Communications, Mrs Folake Ani-Mumuney in a statement ex...
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Fidelity Bank Rewards Customers With N10m
July 28, 2022 No Responses

Fidelity Bank Rewards Customers With N10m

Fidelity Bank Plc has rewarded 10 customers with N1million each in the eight monthly draws of its Get Alerts in Millions season five promo (GAIM 5). Dr Ken Opara, the Promo Chairman and Executive Director, Lagos and South-West, said at...
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Presco Shareholders Get N7.5b Dividend For 2021
July 27, 2022 No Responses

Presco Shareholders Get N7.5b Dividend For 2021

By Moses Ebosele, ebosele@hotmail.com   — For the financial year ended December 31, 2021, shareholders of Presco Plc, on Wednesday, approved payment of 660kobo per share final dividend, amounting to N6.6Billion.  This brought the tota...
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Ecobank Nigeria Extends Remittance Services To Business Accounts Holders 
July 26, 2022 No Responses

Ecobank Nigeria Extends Remittance Services To Business Accounts Holders 

Ecobank Nigeria has extended its innovative remittance services to its business account holders.  According to Ecobank, this implies that Business Account holders can now receive funds sent through Ecobank Rapidtransfer or any of its Remittance franchise ...
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Dangote Industries Completes Issuance Of N187.6b Bonds 
July 20, 2022 No Responses

Dangote Industries Completes Issuance Of N187.6b Bonds 

Dangote Industries Limited (DIL) has announced the successful completion of the company’s N187.6 billion series 1 bond issuance. The bond is the largest corporate bond ever issued in the history of the Nigerian capital market.  The company in a statemen...
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CBN Increases Benchmark Interest Rate To 14% 
July 20, 2022 No Responses

CBN Increases Benchmark Interest Rate To 14% 

The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) on Tuesday increased the Monetary Policy Rate (MPR) to 14 per cent from its initial 13 per cent.  Reading a communiqué after the committee’s meeting in Lagos, Mr...
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DMO Raises N123b In July FG Bond Auction 
July 19, 2022 No Responses

DMO Raises N123b In July FG Bond Auction 

The Debt Management Office (DMO) has raised N123.85billion in its July Federal Government of Nigeria (FGN) bond auction.  A statement issued by DMO on Monday explained that the three instruments auctioned were valued at N75 billion each, totalling N225 bi...
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Ardova Declares N1.54b Profit For 2021 
July 7, 2022 No Responses

Ardova Declares N1.54b Profit For 2021 

For the financial year ended December 31, 2021, Ardova Plc (AP) has reported a profit of N1.54 billion.  In its audited financial statements and first quarter (Q1) 2022 unaudited financial results which were released on Thursday, Ardova Plc explained that...
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FG Targets N720b in Q3 As DMO Unveil Bond Issuance Calendar
July 7, 2022 No Responses

FG Targets N720b in Q3 As DMO Unveil Bond Issuance Calendar

The Federal Government is set to generate about N720 billion in the third quarter of 2022 from FGN Bonds. This is according to “FGN Bond Issuance Calendar For Third Quarter, 2022” as released by the Debt Management Office (DMO).  The...
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DMO Lists Two FGN Savings bonds
July 5, 2022 No Responses

DMO Lists Two FGN Savings bonds

The Debt Management Office (DMO) on Monday announced the listing of two FGN savings bonds for subscription for the month of July. It stated that the first is a two-year savings bond due on June 15, 2024, at an interest...
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Union Bank Releases 2021 Citizenship, Sustainability, Innovation Report
July 5, 2022 No Responses

Union Bank Releases 2021 Citizenship, Sustainability, Innovation Report

Union Bank has released the 6th edition of its annual Citizenship, Sustainability and Innovation (CSI) report, which provides an update on the bank’s initiatives across environmental, social and economic areas during 2021.  Like previous editions, this year...
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