Category: Capital Market/Banking

NSE Seeks More Investment In Engineering Education
May 17, 2021 No Responses

NSE Seeks More Investment In Engineering Education

The Nigerian Society of Engineers (NSE) on Sunday urged the Federal Government to increase investment in engineering education, to help tackle poverty and employment. Dr Sunday Popo-Ola, a fellow of NSE and the immediate past Chairman, NSE London, UK Branch,...
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Eternal, ABC Transport, Others Lift Market Capitalisation With N25b
May 15, 2021 No Responses

Eternal, ABC Transport, Others Lift Market Capitalisation With N25b

Transactions resumed on the Nigerian Exchange (NGX) on Friday after the public holdiays to mark the Eid-el-Fitr celebration with a growth of N25 billion.  Speficially, the market capitalisation rose by N25 billion or 0.12 per cent to close at N20.552...
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FSDH Funding Lists N12b Bonds On FMDQ Platform
May 13, 2021 No Responses

FSDH Funding Lists N12b Bonds On FMDQ Platform

FMDQ Securities Exchange Ltd  has approved the listing of FSDH Funding SPV Plc N7.05 billion tranche A and N4.95 billion tranche B series 1 fixed rate bonds on its platform. FSDH Funding SPV Plc is a special purpose vehicle set up...
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Company Income Tax increases by N97.05b In Q1
May 13, 2021 No Responses

Company Income Tax increases by N97.05b In Q1

The National Bureau of Statistics (NBS) has disclosed that  N392.77 billion was generated as Company Income Tax (CIT) in Quarter One, 2021 (Q1, 2021) an increase of N97.05 billion over N295.72 billion generated in Q4 2020.  This is revealed in t...
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Ecobank Nigeria Partners NiDCOM On National Development
May 11, 2021 No Responses

Ecobank Nigeria Partners NiDCOM On National Development

The Managing Director, Ecobank Nigeria, Patrick Akinwuntan has stated that the bank is  privileged to work closely with the Nigerians in Diaspora Commission, (NiDCOM) and will continue to pursue one of its key mandates of helping to enhance...
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NGX Opens Week With N59b Growth
May 11, 2021 No Responses

NGX Opens Week With N59b Growth

The nation’s bourse opened trading for the new week on Monday on a positive note with a growth of N59 billion, following interests in Tier 1 banks.  Specifically, the market capitalisation which opened at N20.431 trillion inched higher by N59 billi...
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Listing On LCFE: Heritage Bank-Dukia Gold Set To Unlock N344trillion Market Worth Of Gold
May 10, 2021 No Responses

Listing On LCFE: Heritage Bank-Dukia Gold Set To Unlock N344trillion Market Worth Of Gold

Heritage Bank for being part of valuable private sector collaboration with Dukia Gold & Precious Metals Refining Co. Limited is set to unlock the over N344trillion market worth of gold investible instruments in the solid minerals sector with the concluded....
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NGX Market Capitalisation Loses N39b As Mobil Oil Delists
May 8, 2021 No Responses

NGX Market Capitalisation Loses N39b As Mobil Oil Delists

Trading on the Nigerian Exchange (NGX) Ltd. closed mixed on Friday with the market capitalisation dropping by N39 billion while the index rose by 0.21 per cent.  Specifically, the market capitalisation which opened at N20.470 trillion lost N39 billion or....
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Shareholders Laud Sterling Bank’s 2020 Performance
May 7, 2021 No Responses

Shareholders Laud Sterling Bank’s 2020 Performance

Shareholders of Sterling Bank Plc have commended the board and management of the bank for the remarkable display of resilience, improved performance and returns on investment in 2020 financial year  The shareholders gave the commendation at the bank’s 5...
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CBN Extends Naira For Dollar Incentive For Diaspora Remittances
May 7, 2021 No Responses

CBN Extends Naira For Dollar Incentive For Diaspora Remittances

The Central Bank of Nigeria (CBN) has announced an extension to its Naira 4 dollar incentive to encourage diaspora remittances till further notice.  The apex bank announced the extension on Wednesday through a memo by Saleh Jibrin, Director of Trade...
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CBN Decries Low Participation Of South-East In Economic Programmes
May 5, 2021 No Responses

CBN Decries Low Participation Of South-East In Economic Programmes

The Central Bank of Nigeria (CBN) has decried the low participation of the South-East in its economic intervention policies and programmes. The acting Director, Corporate Communications Department of the bank, Mr Osita Nwanisobi, explained on Tuesday during CB...
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UBA Wins ‘Bank of the Year’ Award
May 5, 2021 No Responses

UBA Wins ‘Bank of the Year’ Award

Pan-African financial institution, United Bank for Africa (UBA) Plc added to its growing list of laurels at the Independent Newspaper Awards, winning the Bank of the Year.   The bank was announced winner of the coveted awards at a glamorous event...
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Winners Emerge In Heritage Bank’s YNSPYRE, CREAM Platform April Draw
May 4, 2021 No Responses

Winners Emerge In Heritage Bank’s YNSPYRE, CREAM Platform April Draw

Heritage Bank has  fulfilled its promises to support the Nigerian Creative Industry, as millionaires emerged from the YNSPYRE product in collaboration with the CREAM Platform. The YNSPYRE account holders who subscribed to the platform by dialing *745...
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NGX Records N419b Growth In April
May 3, 2021 No Responses

NGX Records N419b Growth In April

The market capitalisation of the Nigerian Stock (NGX) recorded a growth of N419 billion in April due to impressive first quarter results declared by some companies.  Specifically, the market capitalisation which closed trading in March at N20.428 trillion...
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