Capital Market/Banking – Page 89

February 23, 2021 No Responses

United Capital Declares N12.87b Revenue, N7.81b Profit For 2020

United Capital Plc on Monday announced gross earnings of N12.87 billion for the financial year ended Dec. 31, 2020. The gross earnings represented an increase of 50 per cent when compared with N8.59 billion achieved in the corresponding period of...

February 19, 2021 No Responses

SEC Nigeria Urges Senior Bankers To Mentor Younger Generation

The Director General of the Securities and Exchange Commission, Malam Lamido Yuguda, has urged senior bankers to mentor the younger generation so as to ensure sustainability, safety and soundness of the banking and finance industry. Lamido...

February 18, 2021 No Responses

Ecobank Group Signs Remittance Partnership With Small World Financial Services

International money transfer provider, Small World Financial Services (Small World), has signed partnership agreement with Ecobank Pan-African banking group, based in Lomé, Togo. A statement sent to City Business News (www.citybusi...

February 17, 2021 No Responses

Inflation: Expert Tasks CBN On Agric Interventions

The Association of Capital Market Academics of Nigeria (ACMAN) has urged the Central Bank of Nigeria (CBN) to scale up interventions in agricilture sector to stem the rising inflation figure. ACMAN President, Prof. Uche Uwaleke, said this in an interview...

February 16, 2021 No Responses

NSE Attains 0.33% Growth On Seplat, Lafarge Africa Gains

Trading in the domestic equities market commenced the week on a positive note, growing by 0.33 per cent due to buying interests in Seplat, Lafarge Africa and Tier-1 banking stocks. Consequently, the All-Share Index on Monday inched higher by 131.82...

February 15, 2021 No Responses

Fidelity Bank Issues N41.2b Tier II Local Bonds

Fidelity Bank Plc has successfully issued 10 years N41.21 billion in fixed rate unsecured subordinated bond at 8.5 per cent coupon rate due 2031. In a statement on Sunday, Fidelity Bank Chairman, Mr Mustapha Chike-Obi, explained that the bond issuance...

February 14, 2021 No Responses

Firstmonie Launches Valentine Day Promo, Gives Customers Free Data, Airtime

You’ve got Firstmonie Wallet on your phone? Did I hear you say Yes… then, count yourself lucky because your first daily recharge and data subscription between 13 – 15 February will give you the opportunity to speak more to your...

February 12, 2021 No Responses

Market Capitalisation Recovers N167b

After days of persistent bearish trend, transactions on the nation’s bourse rebounded on Thursday by 0.78 per cent following buying interest in Dangote Cement. Specifically, the All-Share Index rose by 318.29 points or 0.78 per cent to close at 41,014....

February 12, 2021 No Responses

Chukwu: Nigeria Needs More FDIs To Funds Capital Projects

The Managing Director, Cowry Asset Management Limited, Mr. Johnson Chukwu, has said that Nigeria needs appropriate policies that will attract Foreign Direct Investment (FDI) into the country. Chukwu in his presentation at a virtual workshop organised by the Ca...

February 11, 2021 No Responses

Market Capitalisation Loses N426b

The bears continued to dominate trading on the Nigerian Stock Exchange (NSE) on Wednesday with investors losing N426 billion in about six hours of trading. Consequently, the market capitalisation which opened at N21.715 trillion shed N426 billion or 1.96...

February 10, 2021 No Responses

Polaris Bank Rewards First Millionaire, Others In ‘Save & Win’ Promo

Mr Lucky Okunzuwa, a customer with the Polaris Bank, Akpakpava branch, Benin, Edo State, has emerged as the first millionaire at the maiden draw of the bank’s ongoing nationwide Save & Win promo. The bank in a statement on Tuesday...

February 10, 2021 No Responses

Stockbrokers Project Positive Outlook For Nigerian Capital Market In 2021

Participants at the annual economic review of the Chartered Institute of Stockbrokers (CIS) on Tuesday projected a positive outlook for the Nigerian capital market and the economy in 2021. They also identified certain factors that must be addressed to achieve....

February 9, 2021 No Responses

Ecobank Nigeria Introduces Money Transfer Via SMS, WhatsApp

Ecobank Nigeria says its customers are now able to transfer funds by email, SMS and Whatsapp – new features available on the Bank’s Mobile App. A statement issued by the Bank quoted Olukorede Demola-Adenyi, Head, Co...

February 8, 2021 No Responses

First Bank Hits 86,000 Firstmonie Agents, Empowers More Nigerians

As part of measures to promote the business activities of its foremost agent banking platform, Firstmonie Agents,Nigeria’s leading financial inclusion services provider, First Bank of Nigeria Limited, has announced the provision of loan facilities of up to o...

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Category: Capital Market/Banking