Category: Capital Market/Banking

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, Corporate Communications, Clifford Akpolo explained...
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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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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,...
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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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