Category: Capital Market/Banking

FMDQ: Market Development For Derivatives Nears Completion
April 7, 2021 No Responses

FMDQ: Market Development For Derivatives Nears Completion

FMDQ Securities Exchange Limited has announced that the implementation of its derivatives market development project on its platform is nearing completion.  The exchange disclosed this to capital market correspondents during its Academy Derivatives Market Webinar series themed; Understanding Exchange Traded...
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Ecobank Nigeria MD Canvasses Artificial Intelligence To Check Cybercrimes
April 5, 2021 No Responses

Ecobank Nigeria MD Canvasses Artificial Intelligence To Check Cybercrimes

The Managing Director, Ecobank Nigeria, Patrick Akinwuntan has advocated the use of artificial intelligence to predict security threats and proffer solutions.    Akinwuntan, who made this assertion at a webinar themed, “Cyber threat Landscape:...
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FBN Holdings Declares N89.7b Profit, N7.7tri Total Assets For 2020
April 2, 2021 No Responses

FBN Holdings Declares N89.7b Profit, N7.7tri Total Assets For 2020

By Moses Ebosele, ebosele@hotmail.com  — For the financial year ended December 31, 2020, FBN Holdings Plc has announced a profit of N89.7 billion, indicating an increase of 21.8 per cent.    In its 2020 audited result, FBN Holdings explained on ...
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UBA Assures Shareholders Of impressive Performance, Explains N7.7tri Assets
April 2, 2021 No Responses

UBA Assures Shareholders Of impressive Performance, Explains N7.7tri Assets

United Bank for Africa (UBA) Plc on Thursday assured its shareholders and investors of enhanced returns on investments in the coming months. This, the bank said, followed its establishment of a diversified business model that would ensure impressive performanc...
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MasterCard Invests $100m In Airtel Africa’s Mobile Money
April 2, 2021 No Responses

MasterCard Invests $100m In Airtel Africa’s Mobile Money

Airtel Africa, a telecommunications and mobile money services company has signed an agreement under which MasterCard will invest $100 million in Airtel Mobile Commerce BV (AMC BV).  According to a statement issued by the telco, AMC BV is a wholly...
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Nigeria Stock Exchange Readies For New Chapter Post Demutualisation
April 2, 2021 No Responses

Nigeria Stock Exchange Readies For New Chapter Post Demutualisation

By Oscar N. Onyema  — Capital markets in Nigeria are entering a period of major change, commencing with the demutualisation of the Nigerian Stock Exchange (NSE or The Exchange), which was approved by the nation’s Securities and Exchange Commissio...
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Investors Lose N119b Amid Renewed Profit Taking
March 31, 2021 No Responses

Investors Lose N119b Amid Renewed Profit Taking

The Nigerian Stock Exchange (NSE) returned to negative territory on Tuesday with investors losing N119 billion on renewed profit taking.  Consequently, the market capitalisation which opened at N20.663 trillion dipped N119 billion to close at N20.544 tril...
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Ecobank Wins Starsight Sustainability Award 2020
March 30, 2021 No Responses

Ecobank Wins Starsight Sustainability Award 2020

Executive Director, Corporate Bank, Ecobank Nigeria, Kola Adeleke (right) receiving Starsight Sustainability Award 2020 from Head, Sales, SMEs, Starsight Energy, Teme Jack in Lagos   Leading West African Commercial and industrial solar power and...
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Non-Interest Capital Market, Full Of Potentials, Says SEC DG
March 29, 2021 No Responses

Non-Interest Capital Market, Full Of Potentials, Says SEC DG

The non-interest capital market sector in Nigeria has been described as one that is unique and full of potentials to facilitate the objective of deepening the financial system and spurring the growth of the Nigerian economy.  This was stated by...
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FirstBank Holds 2021 FirstGem Conference March 31
March 29, 2021 No Responses

FirstBank Holds 2021 FirstGem Conference March 31

First Bank of Nigeria Limited has concluded plans to hold the fourth edition of its annual FirstGem Conference on Wednesday, March 31, 2021.  Tagged FirstGem 4.0., the 2021 event is themed ‘The Art of Negotiation’ and convened to p...
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Winners Emerge In Heritage Bank’s ‘YNSPYRE’, Cream Platform Promo
March 29, 2021 No Responses

Winners Emerge In Heritage Bank’s ‘YNSPYRE’, Cream Platform Promo

Winners have emerged at the Heritage Bank Plc, ‘YNSPYRE’ Cream Platform Promo held in Abuja. CREAM Platform, Nigeria’s premiere creative reward platform officially kicked off its partnership with Heritage Bank’s YNSPYRE Initiative with ...
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FirstBank Reiterates Commitment To Women Empowerment
March 28, 2021 No Responses

FirstBank Reiterates Commitment To Women Empowerment

First Bank of Nigeria Ltd. has reinforced commitment to women empowerment with ‘FirstGem’ for economic growth and development.  In a statement on Saturday, FirstBank Deputy Managing Director, Mr Francis Shobo, explained that the bank seeks to drive fi...
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Investors’ Interest In Stanbic IBTC, MTN Nigeria Lift Stock Market By 0.53%
March 26, 2021 No Responses

Investors’ Interest In Stanbic IBTC, MTN Nigeria Lift Stock Market By 0.53%

The Nigerian Stock Exchange (NSE) maintained positive sentiment on Thursday with the market indices growing further by 0.53 per cent due to investors’ interest in Stanbic IBTC and MTN Nigeria.  Speficially, the All-Share Index advanced further by 207.86...
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Lafarge Africa Declares N30.84b Profit, N16.11b Total Dividend For 2020
March 25, 2021 No Responses

Lafarge Africa Declares N30.84b Profit, N16.11b Total Dividend For 2020

Lafarge Africa Plc on Wednesday declared a total dividend of N16.11 billion for the 2020 financial year, amounting to N1 per share and would be payable to shareholders on the register of the cement group as at the close of...
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