Category: Capital Market/Banking

FBN Holdings Reports N427b Gross Earnings, N40.9b Profit In Nine Months
December 7, 2021 No Responses

FBN Holdings Reports N427b Gross Earnings, N40.9b Profit In Nine Months

By Moses Ebosele, ebosele@hotmail.com — For the nine months ended September 30, 2021, FBN Holdings Plc has declared                                 gross earnings of ₦427.0 billion, down 2.8 ...
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Market Capitalisation Dips Further By N83b
December 7, 2021 No Responses

Market Capitalisation Dips Further By N83b

Transactions in the domestic equities market carried on last week’s bearish performances with the indices dropping by 0.38 per cent, amid sell pressure.  Thus, the All-Share Index declined by 159.31 points or 0.38 per cent to close at 42,008.60 from...
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SEC Implores Capital Market Stakeholders On Technology Innovations
December 5, 2021 No Responses

SEC Implores Capital Market Stakeholders On Technology Innovations

The Director-General, Securities and Exchange Commission (SEC), Lamido Yuguda has challenged stakeholders in Nigeria’s capital market to leverage technology as part of measures to boost financial inclusion.  In his keynote address on Sat...
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Nigerian Stock Market Extends Losing Streak By N113b
December 3, 2021 No Responses

Nigerian Stock Market Extends Losing Streak By N113b

The Nigerian stock market extended bearish mood on Thursday on the back of sell pressure on Seplat Energy and 33 others.  Specifically, the market capitalisation dropped further by N113 billion or 0.51 per cent to close at N22.044 trillion from...
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Polaris Bank Reaffirms Support For SMEs, Sponsors 2021 Fashion Souk
December 2, 2021 No Responses

Polaris Bank Reaffirms Support For SMEs, Sponsors 2021 Fashion Souk

Polaris Bank has reaffirmed its commitment to the promotion and growth of Small and Medium Enterprises (SMEs), especially those operating in the fashion industry in Nigeria.This position was emphasized in a statement issued by the Bank while disclosing plans t...
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UBA Group Dominates 2021 Banker Awards, Wins ‘African Bank of The Year’
December 2, 2021 No Responses

UBA Group Dominates 2021 Banker Awards, Wins ‘African Bank of The Year’

United Bank for Africa (UBA) Plc yet again, reaffirms its leadership position across Africa, as the bank has been globally recognised as the African Bank of the year 2021 by the Banker Magazine, a leading global finance news publication published...
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Osinbajo Harps On Capital Market Innovations Through Technology
December 1, 2021 No Responses

Osinbajo Harps On Capital Market Innovations Through Technology

Nigeria is in a better position to advance its capital market locally and globally through technology and young people. This was the view expressed by Vice President Yemi Osinbajo, SAN, in his keynote speech on Tuesday in Abuja at first Capital Market ...
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Ecobank Nigeria To Sustain SMEs Support, Grow Agency Banking Network In 2022
December 1, 2021 No Responses

Ecobank Nigeria To Sustain SMEs Support, Grow Agency Banking Network In 2022

Managing Director/Regional Executive, Ecobank Nigeria, Patrick Akinwuntan has said the bank will continue to support Small and Medium Enterprises (SMEs), take banking to every Nigerian through its agency banking network. The bank’s digital services will also...
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NGX Drops Further By N12b
December 1, 2021 No Responses

NGX Drops Further By N12b

The Nigerian stock market ended trading for the month of November on Tuesday still on a bearish note with a loss of N12 billion.  Specificaly, the market capitalisation inched lower by N12 billion or 0.05 percent to close at N22.566...
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NGX Records N20b Loss
November 30, 2021 No Responses

NGX Records N20b Loss

Trading in the domestic equities market started the week on Monday with negative sentiments following sell pressure in 20 stocks.  Speficially, the market capitalisation which opened at N22.598 trillion lost N20 billion or 0.09 per cent to close at N22.57...
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First Bank Holds Non-Oil Export Webinar Series
November 30, 2021 No Responses

First Bank Holds Non-Oil Export Webinar Series

First Bank of Nigeria Limited, Nigeria’s premier and leading financial inclusion services provider, has announced the convening of its non-oil export webinar series.    A statement sent to City Business News explained that the event is centere...
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SEC Warns Quoted Firms To Desist From Selective Dividend Payments
November 28, 2021 No Responses

SEC Warns Quoted Firms To Desist From Selective Dividend Payments

The Director-General, Securities and Exchange Commission (SEC) has warned quoted companies and capital market registrars to desist from selective payments and distribution of dividends.   Yuguda stated this in his keynote address on Saturday at the Insti...
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Ecobank Secures €100m Credit Facility From EIB
November 25, 2021 No Responses

Ecobank Secures €100m Credit Facility From EIB

By Moses Ebosele, ebosele@hotmail.com   Ecobank Group has signed €100 million credit facility with the European Investment Bank (EIB).    A statement explained that the six year facility affirms joint Ecobank Group and EIB targe...
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Minister Urges Capital Market Investors To Take Advantage of Master Plan Initiatives
November 25, 2021 No Responses

Minister Urges Capital Market Investors To Take Advantage of Master Plan Initiatives

Investors in the capital market have been urged to take advantage of initiatives introduced in the capital market which are aimed primarily at strengthening the market and accelerating development.  Minister of Finance, Budget and National Planning, Mrs Z...
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