Category: Capital Market/Banking

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 Adesola Adeduntan, explained...
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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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TAJBank Opens Three New Branches In Abuja
May 27, 2021 No Responses

TAJBank Opens Three New Branches In Abuja

TAJBank has opened three new branches in Abuja in furtherance with its sustained drive to deepen financial inclusion and offer stress-free innovative financial services to its growing customers nationwide. Speaking during the opening ceremony of the technology...
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Minister Lauds Ecobank’s N100b Support To MSMEs
May 25, 2021 No Responses

Minister Lauds Ecobank’s N100b Support To MSMEs

The Minister of State, Ministry of Industry, Trade & Investment, Ambassador Mariam Yelwaji Katagum has commended Ecobank Nigeria’s massive support and sustained commitment in providing credit to entrepreneurs and small businesses in the country. &nb...
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SEC Nigeria Adopts Sustainable Finance Guidelines For CMOs
May 24, 2021 No Responses

SEC Nigeria Adopts Sustainable Finance Guidelines For CMOs

The Securities and Exchange Commission (SEC) has adopted the Nigerian Sustainable Finance Principles (NSFP) which was developed by the Financial Services Regulation Coordinating Committee (FSRCC) for Capital Market Operators (CMOs).   A statemen...
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FirstBank Shines In Global Banking, Finance Awards
May 24, 2021 No Responses

FirstBank Shines In Global Banking, Finance Awards

First Bank of Nigeria Ltd., has been awarded the 2021 ‘Retail Banking CEO of the Year Nigeria’; ‘Most innovative Retail Banking App Nigeria’ and ‘’Best CSR Bank Nigeria.’’  In a statement issued on Sunday, Dr Adesola Adeduntan, Chief Execu...
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Me Cure Industries Lists N3b Bond On NGX
May 23, 2021 No Responses

Me Cure Industries Lists N3b Bond On NGX

By citybusinessnews@yahoo.com — Me Cure Industries Limited commemorated the listing of its N3Billion bond with a digital Closing Gong Ceremony on Nigerian Exchange (NGX) Limited on Friday, 21 May 2021.  The debut listing was the ₦3 billion 5...
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Seplat’s Shareholders Get $344m Dividend In Eight Years
May 21, 2021 No Responses

Seplat’s Shareholders Get $344m Dividend In Eight Years

By citybusinessnews@yahoo.com — Seplat Petroleum Development Company Plc, a leading Nigerian independent energy company listed on both the Nigerian Exchange (NGX) and the London Stock Exchange (LSE), on Thursday held its 8th Annual General Meeting (AGM)...
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Investors Lose N148b As ABC Transport Top Gainers’ Table
May 19, 2021 No Responses

Investors Lose N148b As ABC Transport Top Gainers’ Table

The Nigerian Exchange (NGX) market capitalisation dropped further by N148 billion, extending bearish run to two consecutive trading sessions.  Specifically, the market capitalisation which opened at N20.487 trillion shed N148 billion or 0.72 per cent to c...
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Lagos Cooperatives Capital Base Increases To N33b
May 18, 2021 No Responses

Lagos Cooperatives Capital Base Increases To N33b

The Lagos State Commissioner for Commerce, Industry and Cooperatives, Mrs Lola Akande, has disclosed that the cooperative service capital base has increased to N33 billion in 2021.  Akande made this known on Monday in Lagos at the 2021 ministerial news...
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