Category: Capital Market/Banking

BUA Cement Declares N65.91b Profit In Nine Months
October 26, 2021 No Responses

BUA Cement Declares N65.91b Profit In Nine Months

By Moses Ebosele, ebosele@hotmail.com   — For the third quarter ended September 30, 2021, BUA Cement Plc has declared Profit After Tax of N65.91 billion, 23.22 percent higher than the N53.49 billion attained within same period in 2020.   Within the period under...
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CBN Explains Guidelines For eNaira
October 26, 2021 No Responses

CBN Explains Guidelines For eNaira

The Central Bank of Nigeria (CBN) has released regulatory guidelines for eNaira launched by President Muhamadu Buhari on Monday, October 25, 2021.    The eNaira speedwallet app meant for individuals had, as at 4.pm on Monday seen ...
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Q3: Nestle Nigeria Attains N33.58b Profit, To Pay 25k Interim Dividend
October 26, 2021 No Responses

Q3: Nestle Nigeria Attains N33.58b Profit, To Pay 25k Interim Dividend

By ebosele@hotmail.com — For the third quarter ended September 30, 2021, Nestlé Nigeria Plc attained profit after tax (PAT) of N33.58 billion from N31.93 billion in the same period of 2020, representing a five percent increase.  The company’s revenu...
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FBN Holdings Confirms Otedola’s Acquisition Of 5.07% Stake
October 24, 2021 No Responses

FBN Holdings Confirms Otedola’s Acquisition Of 5.07% Stake

Barely 24 hours after denying notification of possible acquisition of shares by Mr Femi Otedola, FBN Holdings (FBNH) Plc on Saturday confirmed that the business mogul had acquired 5.07 percent equity stake in the company.  FBNH’s Company Secretary, Mr Seye....
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FBN Holdings Denies Femi Otedola’s Acquisition
October 23, 2021 No Responses

FBN Holdings Denies Femi Otedola’s Acquisition

By Moses Ebosele, ebosele@hotmail.com – FBN Holdings (FBNH) Plc, on Thursday, denied the reported acquisition of a majority stake in the company by Businessman, Mr Femi Otedola.  In a statement published on the website of the Nigerian Exchange (NGX...
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Bua Cement, MTNN, Airtel, lift NGX By N237b
October 22, 2021 No Responses

Bua Cement, MTNN, Airtel, lift NGX By N237b

Bullish sentiments persisted on the Nigerian Exchange (NGX) Ltd on Thursday with the market capitalisation increasing further by N237 billion due to investors’ sentiment in bellwethers.  The bellwethers are BUA Cement, MTN Nigeria Commnuciations (MTNN) ...
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Ecobank Day 2021: Staff, Families Set To “Walk Against Mental Health”
October 21, 2021 No Responses

Ecobank Day 2021: Staff, Families Set To “Walk Against Mental Health”

All is now set for the various activities to mark this year’s Ecobank Day across 33 African countries where it operates.    A statement sent to City Business News on Wednesday explained that Ecobank Day is a flagship annual event when the...
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NGX Opens Week With N153b Loss On MTNN, Nestle Loses
October 19, 2021 No Responses

NGX Opens Week With N153b Loss On MTNN, Nestle Loses

Trading in the domestic bourse resumed for the week on Monday with bearish sentiments due to profit-taking in bellwether stocks – MTNN and Nestle.  Specifically, the market capitalisation lost N153 billion or 0.71 percent to close at N21.471 trillion from.....
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NGX Group Listing Lifts Market Capitalisation By N192b
October 16, 2021 No Responses

NGX Group Listing Lifts Market Capitalisation By N192b

The Nigerian Exchange Group (NGX Group) listing on Friday lifted the market capitalisation of Nigerian Exchange Ltd (NGX) by N192 billion.  The News Agency of Nigeria (NAN) reports that NGX Group listed a total of 1.96 billion shares at N16.15...
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Fidelity Bank Wins 2020 DBN Service Award
October 16, 2021 No Responses

Fidelity Bank Wins 2020 DBN Service Award

Fidelity Bank Plc has won the 2020 Development Bank of Nigeria (DBN) service award for the highest disbursement to DBN-focused locations.  A statement issued on Friday quoted the bank’s Managing Director/Chief Executive Officer, Mrs Nneka Onyeali-Ikpe, ...
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Oscar Onyema Resigns From NGX Board
October 15, 2021 No Responses

Oscar Onyema Resigns From NGX Board

By Moses Ebosele, ebosele@hotmail.com   —  The Nigerian Exchange Limited (NGX) has announced the resignation of Mr. Oscar N. Onyema, OON, as Non-Executive Director, with immediate effect. A statement sent to City Business News  by Acting Head, Corpo...
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Unity Bank Boosts Capacity Building on Blue Economy, Empowers 3,000 Girls
October 14, 2021 No Responses

Unity Bank Boosts Capacity Building on Blue Economy, Empowers 3,000 Girls

No fewer than three thousand girls drawn from Senior Secondary Schools across Nigeria have benefitted from a 3-day capacity building initiative on maritime commerce and National Virtual Maritime Quiz powered by Unity Bank Plc.    The capacity buildin...
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FirstBank Partners NIBSS On Digital Payment
October 13, 2021 No Responses

FirstBank Partners NIBSS On Digital Payment

First Bank Nigeria has sealed a partnership with the Nigeria Inter-Bank Settlement System Plc. (NIBSS) on its Nigeria Quick Response (NQR) payment solution.   A statement issued on Wednesday quoted the Bank’s Chief Executive Officer, Dr Adesola Ad...
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Fidelity Bank Seeks Private Sector Participation In Non-Oil Export
October 13, 2021 No Responses

Fidelity Bank Seeks Private Sector Participation In Non-Oil Export

Fidelity Bank Plc has expressed the need for greater private sector participation in the non-oil export sector as part of measures to boost the country’s diversification drive.  In a statement on Wednesday, the bank’s Managing Director, Mrs Nneka Onyeali-...
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