Category: Capital Market/Banking

Julius Berger, Stanbic IBTC Top Gainers’ Chart As Investors Earn N178b
March 23, 2021 No Responses

Julius Berger, Stanbic IBTC Top Gainers’ Chart As Investors Earn N178b

The Nigeria Stock Exchange (NSE) reopened new trading week on Monday upbeat with the market capitalisation rebounding by N178 billion.  The market capitalisation which opened at N20.081 trillion rose by 0.89 per cent to close at N20.259 trillion.  Also, the...
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Afriland Shareholders Okay N68.69m Total Dividend For 2020
March 23, 2021 No Responses

Afriland Shareholders Okay N68.69m Total Dividend For 2020

Afriland Properties Plc on Monday approved a total dividend of N68.69 million recommended by the company for the financial year ended Dec. 31, 2020.  The dividend which translated to 5k per share was approved by the shareholders at the company’s...
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Market Capitalisation Recovers N109b
March 19, 2021 No Responses

Market Capitalisation Recovers N109b

Transactions in the equities market on Thursday rebounded by N109 billion following buying interest in banking and industrial goods stocks.  Consequently, the market capitalisation, which opened at N20.251 trillion, rose by N109 billion or 0.54 per cent t...
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Zenith Bank Shareholders Okay N94.19b Total Dividend For 2020
March 17, 2021 No Responses

Zenith Bank Shareholders Okay N94.19b Total Dividend For 2020

Shareholders of Zenith Bank Plc, on Tuesday, approved proposed final dividend of N2.70 per share, bringing  total dividend  for the 2020 financial year to N3 per share, amounting to N94.19 billion.   According to th...
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NSE Rebounds By N83b On Buying Interests In Dangote Cement, MTN Nigeria
March 17, 2021 No Responses

NSE Rebounds By N83b On Buying Interests In Dangote Cement, MTN Nigeria

The Nigerian Stock Exchange (NSE) rebounded on Tuesday with N83 billion following buying interest in Dangote Cement and MTN Nigeria Communications (MTNN).  Specifically, the market capitalisation inched higher by 158.97 points or 0.41 per cent to close at...
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Ecobank Nigeria Unveils Rewards Scheme For Customers
March 15, 2021 No Responses

Ecobank Nigeria Unveils Rewards Scheme For Customers

Ecobank Nigeria has launched the Super Rewards Scheme, which gives 200 of its customers an opportunity to earn different cash gifts monthly, with four of them becoming millionaires at the end of the four months campaign.    Korede Demola-Adeniyi...
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NSE’s Indices Drop Further By 0.13%
March 13, 2021 No Responses

NSE’s Indices Drop Further By 0.13%

Key indicators of the Nigerian Stock Exchange closed on Friday with a loss of 0.13 per cent, as turnover volume increased by 73.59 per cent.  Specifically, the All-Share Index, which opened at 38,697.17 inched lower by 48.69 points or 0.13...
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Minister Tasks Capital Market Operators On Retail Investments
March 12, 2021 No Responses

Minister Tasks Capital Market Operators On Retail Investments

The Federal Government on Thursday advised capital market operators to consider retail investments, to enable ordinary citizens in the country to invest in the market.  Mrs Zainab Ahmed, Minister of Finance, Budget and National Planning, made the call at ...
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NSE’s Demutualisation Approval Excites Capital Market Operators
March 11, 2021 No Responses

NSE’s Demutualisation Approval Excites Capital Market Operators

Stockbrokers have expressed optimism that the completion of the long-awaited Demutualisation of the Nigerian Stock Exchange (NSE) would herald a new vista in the nation’s bourse.  The stockbrokers said this in an interviews with the News Agency of Niger...
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UBA Explains N113.8b PAT, Proposes 35k Final Dividend For 2020
March 10, 2021 No Responses

UBA Explains N113.8b PAT, Proposes 35k Final Dividend For 2020

United Bank for Africa Plc (UBA) has announced its audited results for the full-year ended December 31, 2020, recording impressive growth across its top and bottom lines.   The 2020 audited financials filed at the Nigerian Stock Exchange (NSE), showe...
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Investors Lose N371b In One Trading Session
March 10, 2021 No Responses

Investors Lose N371b In One Trading Session

Investors on the Nigerian Stock Exchange (NSE) on Tuesday lost N317 billion in a trading session amid sell pressure on bellwethers.  Specifically, the market capitalisation which opened at N20.612 trillion shed N371 billion or 1.80 per cent to close at...
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First Bank Rewards Customers With Extra N5 For Every Dollar Received
March 9, 2021 No Responses

First Bank Rewards Customers With Extra N5 For Every Dollar Received

First Bank of Nigeria Limited, Nigeria’s leading financial inclusion services provider is rewarding customers with N5 for every dollar received through foreign remittances.  A statement explained that the N5 for a dollar incentive is paid to FirstB...
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UBA Strengthens E-Banking With New Mobile App
March 9, 2021 No Responses

UBA Strengthens E-Banking With New Mobile App

Pan African financial institution, United Bank for Africa (UBA), Plc is set to change the face of digital banking services with its new mobile banking app aimed at delivering first-rate services to customers.  A statement explaine...
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SEC Nigeria, AfDB Seal $400,000 Grant Agreement
March 8, 2021 No Responses

SEC Nigeria, AfDB Seal $400,000 Grant Agreement

The Securities and Exchange Commisssion (SEC) has signed $400,000 grant agreement with African Development Bank  (AfDB) a part of measures to strengthen securities market regulation and broaden market instruments.   Speaking during the virt...
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