Category: Capital Market/Banking

Seplat, MTN Lift Trading On NGX By 0.15%
June 17, 2021 No Responses

Seplat, MTN Lift Trading On NGX By 0.15%

Trading activities on the Nigerian Exchange rebounded on Wednesday with a gain of 0.15 per cent due to interest inSeplat Plc and MTN Nigeria Communications (MTNN).  Specifically, the All-Share Index increased by 57.41points or 0.15 per cent to close at 38,564.70...
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Airtel, Okomu Oil Top Losers‘ Chart As Investors Lose N340b
June 16, 2021 No Responses

Airtel, Okomu Oil Top Losers‘ Chart As Investors Lose N340b

Transaction at the domestic bourse opened the week on a bearish mood with the market capitalisation losing N340 billion in one day, due to drop in large and medium capitalised stocks  Specifically, the market capitalisation, which opened at N20.409 trilli...
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Mixta Real Estate Quotes N1.02b CP On FMDQ
June 15, 2021 No Responses

Mixta Real Estate Quotes N1.02b CP On FMDQ

The FMDQ Securities Exchange Ltd. has approved the quotation of Mixta Real Estate Plc’s N1.02 billion Series 36 Commercial Papers (CP)  Issuance on its platform.  FMDQ in a statement on Monday explained that the offer was approved by FMDQ under...
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Ecobank Nigeria Pledges More Support, Collaboration With Bankers Institute
June 12, 2021 No Responses

Ecobank Nigeria Pledges More Support, Collaboration With Bankers Institute

The Managing Director, Ecobank Nigeria, Patrick Akinwuntan has pledged more support and collaboration with the Chartered Institute of Bankers of Nigeria (CIBN), the umbrella body of all bank workers in the country.    Akinwuntan who was speaking...
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NGX Unveils Enhanced Brokers Performance Ranking Report
June 11, 2021 No Responses

NGX Unveils Enhanced Brokers Performance Ranking Report

By citybusinessnews@yahoo.com — Nigerian Exchange Limited (NGX) has launched an enhanced broker performance ranking report designed to provide detailed insight into the performance of Trading License Holders across asset classes and improve participatio...
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Afreximbank Seeks Harmonisation Of African Automotive Standards
June 10, 2021 No Responses

Afreximbank Seeks Harmonisation Of African Automotive Standards

African Export-Import Bank (Afreximbank) is supporting the African Organisation for Standardisation (ARSO) to harmonise standards in the automotive sector in Africa in order to facilitate an accelerated development of the sector across the continent. The harmo...
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Okomu Oil, Learn Africa Top Gainers’ Table As Nigerian Stock Market Recovers N102b
June 9, 2021 No Responses

Okomu Oil, Learn Africa Top Gainers’ Table As Nigerian Stock Market Recovers N102b

Transaction on the Nigerian stock market returned to positive territory on Tuesday with investors’ net worth appreciating by N102 billion.  The bullish performance was due to investors’ buy interest in industrial goods, consumer goods and oil & ga...
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ETI To Raise $300m From Capital Market
June 8, 2021 No Responses

ETI To Raise $300m From Capital Market

Ecobank Transnational Incorporated (ETI) Plc has announced plans to raise $300million from the International Debt Capital Markets (IDCM), through the issuance of tier 2 qualifying sustainability notes.  Ms Adenike Laoye, Group Head, Corporate Communicatio...
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CBN Increases Forex Allocation To Banks
June 7, 2021 No Responses

CBN Increases Forex Allocation To Banks

The Central Bank of Nigeria (CBN) has concluded plans to increase the amount of foreign exchange allocated to banks to meet the requests of customers. This particularly relates to requests of travelers seeking foreign exchange for travel allowances, payment of...
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Ecobank Nigeria Appoints New Head Of Marketing And Corporate Communications
June 7, 2021 No Responses

Ecobank Nigeria Appoints New Head Of Marketing And Corporate Communications

Ecobank Nigeria has announced the appointment of  Mr. Babajide Sipe to Head the Marketing and Corporate Communications department.   In a statement sens to City BusinessNews online, Ecobank Nigeria said: “ An experienced Marketing & B...
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Nigeria’s Total Trade Hits N9.75trillion
June 6, 2021 No Responses

Nigeria’s Total Trade Hits N9.75trillion

Nigeria’s total merchandise trade stood at N9.757 trillion representing 6.99 per cent increase in the first quarter  of 2021(Q1),  the National Bureau of Statistics (NBS) has disclosed.   The bureau explained the developmen...
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FMDQ Admits Union Bank N34.96b CPs
June 3, 2021 No Responses

FMDQ Admits Union Bank N34.96b CPs

FMDQ Securities Exchange Ltd on Wednesday approved the quotation of Union Bank of Nigeria Plc N2.58 billion Series 8 and N32.38 billion Series 9 Commercial Papers (CPs).  The Chief Executive Officer of the Bank, Mr Emeka Okonkwo, in a statement...
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First Bank: Our South East Branches Are Fully Open For Business
June 3, 2021 No Responses

First Bank: Our South East Branches Are Fully Open For Business

First Bank of Nigeria Limited (FirstBank) has reiterated that all its South East branches are fully open for business activities.  A statement issued by  Folake Ani-Mumuney, Group Head, Marketing & Corporate Communications said:“This is to...
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Polaris Bank Highlights Digital Banking Platform Benefits
June 3, 2021 No Responses

Polaris Bank Highlights Digital Banking Platform Benefits

By  citybusinessnews@yahoo.com — Polaris Bank has restated that its newly-launched digital banking platform, VULTe, is a quick self-service innovation aimed at delivering greater value and benefits to existing and new customers of the Bank. The Chief D...
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