Category: Capital Market/Banking

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)  and obtained by...
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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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BUA Cement, FBNH Lift NGX With N95b
October 13, 2021 No Responses

BUA Cement, FBNH Lift NGX With N95b

The nation’s bourse rebounded by N95 billion on Tuesday following investors’ interest in BUA Cement and FBN Holdings (FBNH).  Consequently, the market capitalisation rose by N95 billion or 0.45 percent to close at N21.310 trillion compared with N21.21...
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Osinbajo Clarifies View On Exchange Rate
October 12, 2021 No Responses

Osinbajo Clarifies View On Exchange Rate

Senior Special Assistant to the President on Media and Publicity,  Office of the Vice President, Laolu Akande, has made clarifications on Vice President Yemi Osinbajo’s view on the naira exchange rate.  Akande, in a statement on Tuesday, explained that the...
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NGX Group Seeks Global Competitiveness
October 12, 2021 No Responses

NGX Group Seeks Global Competitiveness

The Nigerian Exchange Group Plc (NGX Group) says it will leverage organic and inorganic growth opportunities for business expansion across relevant business categories to increase global competitiveness.  The Group Chief Executive Officer, NGX Group, Mr O...
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NGX: Group Protest Onyema’s Appointment, Listing
October 11, 2021 No Responses

NGX: Group Protest Onyema’s Appointment, Listing

Transparency group, Nigeria for All Nigerians (NAN) has called on the concerned regulatory authorities to stop violation of the Nigerian Investments and Securities Act by the impending listing by the introduction of the shares of Nigerian Exchange Group on th...
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