Category: Capital Market/Banking

NGX Market Capitalisation Extends Rally By N20b
October 9, 2021 No Responses

NGX Market Capitalisation Extends Rally By N20b

The nation’s bourse maintained positive trading on Friday, extending the gaining streak by 0.10 percent.  Specifically, the market capitalisation which opened at N21.275 trillion increased by N20 billion or 0.10 percent to close at N21.295 trillion.  Also, the All-Share Index...
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NGX Implores Investors On Long-Term Investments
October 8, 2021 No Responses

NGX Implores Investors On Long-Term Investments

The Nigerian Exchange (NGX) Limited has advised investors to consider long-term investments, for maximum returns from those on listed companies.  The Head, Market Surveillance/Investigation, NGX Regulation, Mr Abimbola Babalola, gave the advice at a virtu...
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FBN Drives Trading On NGX, Exchanges 605.01m Shares
October 8, 2021 No Responses

FBN Drives Trading On NGX, Exchanges 605.01m Shares

FBN Holdings Plc (FBNH) emerged the most traded stock by volume on the Nigerian Exchange Ltd on Thursday.  Specifically, the company accounted for 605.01 million shares worth N8.90 billion.  Fidelity Bank followed with 20.59 million shares valued at ...
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NGX Group To List 1.96b Shares By Introduction
October 7, 2021 No Responses

NGX Group To List 1.96b Shares By Introduction

The Nigerian Exchange Group Plc. (NGX Group) on Thursday confirmed its intention to list on the main board of the Nigerian Exchange Ltd. (NGX).  A statement sent to City Business News explained that the planned listing follows successful completion of...
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NGX Market Indices Extend Gain By 0.12%
October 7, 2021 No Responses

NGX Market Indices Extend Gain By 0.12%

Activities on the domestic equities market closed Wednesday on a positive note, extending the gaining streak to five consecutive trading sessions.  The positive outcome was buoyed by investors’ buy-interests in banking and industrial sectors, with marke...
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FirstBank’s FinTech Summit To Highlight Open Banking
October 4, 2021 No Responses

FirstBank’s FinTech Summit To Highlight Open Banking

First Bank of Nigeria has explained that the 2021 FinTech summit scheduled to hold virtually on October  7, will highlight the impact of open banking on financial inclusion.  The Chief Executive Officer of FirstBank, Dr Adesola Adeduntan, in a s...
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NGX Doubles Down On Goal For Financial Inclusion, Empowering Individual Investors
October 1, 2021 No Responses

NGX Doubles Down On Goal For Financial Inclusion, Empowering Individual Investors

By Olumide Bolumole, Divisional Head, Listings Business, Nigerian Exchange Limited  — Nigeria, a country with an adult population of 106 million, offers a vast market for financial services. Despite this it faces the expectation of a 16.8% shortfall i...
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Adesola Emerges Ecobank Nigeria Board Chairman
September 29, 2021 No Responses

Adesola Emerges Ecobank Nigeria Board Chairman

The Board of Directors, Ecobank Nigeria has announced the appointment of three non-executive directors:  Mrs. Bola Adesola, Mrs. Titilayo Olujobi and Mrs. Bimbola Wright.    According to the Board, the new Directors have distinguished ...
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Heritage Bank MD: Identity Challenge Impedes SMEs Financing
September 28, 2021 No Responses

Heritage Bank MD: Identity Challenge Impedes SMEs Financing

The Nigerian government must resolve the identity management system challenges in the country to empower commercial lenders to extend credit to Small and Medium Enterprises (SMEs) with less worry, the Managing Director/Chief Executive Officer, Heritage Bank, M...
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Heritage Bank MD Implores Govt On Private Sector Policies For Infrastructure Growth
September 28, 2021 No Responses

Heritage Bank MD Implores Govt On Private Sector Policies For Infrastructure Growth

The Managing Director/Chief Executive Officer of Heritage Bank Plc, Ifie Sekibo has called on governments to provide enabling policies that would support private sector interventions to achieve the vision of infrastructural development.  He made this subm...
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Heritage Bank Partners LFC On Youth Employment
September 27, 2021 No Responses

Heritage Bank Partners LFC On Youth Employment

In light of the growing unemployment rate in Nigeria, Heritage Bank Plc has partnered   Living Faith Church (LFC) Worldwide via its Youth arm at the 17th Annual International   Youth Alive Convention.    The partnership is de...
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Nigeria At 61: Access Bank To Reward 14 Customers With N1m Each
September 27, 2021 No Responses

Nigeria At 61: Access Bank To Reward 14 Customers With N1m Each

Access Bank Plc has concluded plans to reward 14 customers with N1million each in the DiamondXtra Independence Splash to commemorate Nigeria’s 61st Independence Anniversary. In a statement on Monday, Access Bank’s Executive Director, Retail Banking, Mr Vic...
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Innovation, Quality Service Earned TAJBank Industry Award – Customers, Others
September 27, 2021 No Responses

Innovation, Quality Service Earned TAJBank Industry Award – Customers, Others

Scores of TAJBank Limited’s customers and other industry analysts from across the geo-political zones of the country have linked the award conferred on TAJBank Limited, Nigeria’s most innovative non-interest bank, by the Leadership Media Group as well...
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CBN Pledges More Support For Youth Empowerment
September 27, 2021 No Responses

CBN Pledges More Support For Youth Empowerment

The Central Bank of Nigeria (CBN) Governor, Godwin Emefiele, has pledged more support for youth empowerment, through sports and its other intervention programmes.  Osita Nwanisobi, CBN spokesperson quoted Emefiele as making the pledge at the finals of the...
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