Category: Capital Market/Banking

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 development in its “Foreign Trade in Goods Statistics-Q1, 2021” obtained from its website.....
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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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NGX Opens Trading In June With N12b Loss
June 2, 2021 No Responses

NGX Opens Trading In June With N12b Loss

Sentiments on the nation’s bourse turned negative on Tuesday closing the first trading session in June with a loss of N12 billion, amid losses in Seplat and 16 others.  Consequently, the market capitalisation which opened for the month at N20.034...
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MRS Oil, Vitafoam Top Gainers’ Table As Investors Earn N94b On NGX
June 1, 2021 No Responses

MRS Oil, Vitafoam Top Gainers’ Table As Investors Earn N94b On NGX

Transactions on the Nigerian Exchange (NGX) closed Monday upbeat with a N94 billion growth.  Specifically, the market capitalisation returned to the N20 trillion mark, increasing by N94 billion to close at N20.034 trillion from N19.940 trillion on Friday....
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Fidelity Bank Rewards 62 SWEETA Holders With N150, 000 Each
June 1, 2021 No Responses

Fidelity Bank Rewards 62 SWEETA Holders With N150, 000 Each

To mark this year’s Children’s Day, Fidelity Bank Plc doled out N150, 000 to 62 Sweet Account (SWEETA) holders across the country, amounting to whopping total of N9.3 million.      Under the auspices of the loyalty scheme, the bank...
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First Bank CEO Wins 2020 Banker Of The Year Award
May 31, 2021 No Responses

First Bank CEO Wins 2020 Banker Of The Year Award

By citybusinessnews@yahoo.com  —  The Managing Director /Chief Executive Officer of First bank Ltd, Dr Adesola Adeduntan, has emerged winner of Champion Newspapers  2020 Banker of the year award.   Also in the corporate award category,...
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Again, FirstBank Clinches 2nd Most Admired Financial Services Brand In Africa
May 30, 2021 No Responses

Again, FirstBank Clinches 2nd Most Admired Financial Services Brand In Africa

By citybusinessnews@yahoo.com — For the second consecutive year, First Bank of Nigeria Ltd has been ranked the second ‘Most Admired Financial Services Brand’ in Africa,.  In a statement on Saturday, the Chief Executive Officer of the bank, Dr A...
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FMDQ Lists TrustBanc Holdings Maiden Commercial Paper
May 29, 2021 No Responses

FMDQ Lists TrustBanc Holdings Maiden Commercial Paper

FMDQ Securities Exchange Ltd has approved the quotation of TrustBanc Holdings Ltd., N0.20 billion series 1 Commercial Paper (CP), under its N10 billion CP issuance programme.  The company in a statement on Friday explained that TrustBanc Holdings is a reg...
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Lafarge Africa Declares 30.8% Growth In 2020
May 29, 2021 No Responses

Lafarge Africa Declares 30.8% Growth In 2020

By citybusinessnews@yahoo.com  — Foremost cement manufacturers, Lafarge Africa Plc has posted 30.8 per cent growth in its recurring earnings before interest and taxes (EBIT).  Chairman of the company’s board, Prince Adebode Adefioye, explained o...
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NASCON Shareholders Approve N1.06b Dividend For 2020
May 29, 2021 No Responses

NASCON Shareholders Approve N1.06b Dividend For 2020

Shareholders of NASCON Allied Industries Plc have approved a total dividend of N1.06 billion declared by the Board of the  company for the financial year ended December 31, 2020, amounting to 40kobo per share.  Speaking at the meeting, the Natio...
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Dangote Cement Shareholders Okay N272.6b For 2020 Dividend
May 27, 2021 No Responses

Dangote Cement Shareholders Okay N272.6b For 2020 Dividend

For the year ended December 31, 2020, shareholders of Dangote Cement Plc on Wednesday approved total dividend of N272.6 billion, amounting to N16 per share.  Speaking at the 12th Annual General Meeting (AGM) held virtually in Lagos State, the founder,...
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Heritage Bank Partners Silverbird To Empower Young Creative Nigerians
May 27, 2021 No Responses

Heritage Bank Partners Silverbird To Empower Young Creative Nigerians

Heritage Bank Plc has joined forces with Silverbird Group to empower and deepen its supports to young entrepreneurs in the Nigeria creative and entertainment industry.  This, the bank said, is in line with its culture as timeless wealth partners, which...
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