Capital Market/Banking – Page 89

March 2, 2021 No Responses

BUA Cement, Zenith Bank, UBA Lift Market Capitalisation By N69b

Transactions on the Nigerian Stock Exchange (NSE) commenced the week and month on Monday on a bullish trend, following uptick in BUA Cement, Zenith Bank and UBA. Specifically, the market capitalisation increased by N65 billion or 0.33 per cent to...

March 2, 2021 No Responses

Dangote Sugar Refinery Declares N26.70b Profit For 2020

For the year ended December 31, 2020, Dangote Sugar Refinery Plc (DSR) recorded profit after tax of N26.70 billion. The company stated this in its audited result released on the floor of the Nigerian Stock Exchange on Monday. The profit...

February 27, 2021 No Responses

CBN Tasks Bank CEOs, Others To Reset Economy

The Governor of the Central Bank of Nigeria (CBN) Mr Godwin Emefiele, has urged Bank Chief Executive Officers and other stakeholders to work together to reset the Nigerian economy to achieve massive growth. Emefiele gave the advice at a one-day...

February 26, 2021 No Responses

London Stock Exchange Lists Ecobank Nigeria’s $300m Bond

Ecobank Nigeria on Thursday opened the market at London Stock Exchange via a virtual ceremony to mark the listing of its five-year fixed rate senior unsecured US$300 million bond. Ecobank Nigeria, a subsidiary of Ecobank Transnational Incorporated, ...

February 26, 2021 No Responses

Market Capitalisation Down By N65b

The nation’s bourse retreated on Thursday, reversing two days positive sentiment with a loss of N65 billion following profit taking on banking and consumer goods stocks. Consequently, the market capitalisation shed N65 billion or 0.31 per cent to close...

February 25, 2021 No Responses

Oando Rallies On NSE, Lifts Market Indices By 0.14%

Activities on the Nigerian stock market sustained the upward trend on Wednesday with a gain of 0.14 per cent on bargain hunting in Oando and 21 others. Specifically, the All-Share Index improved further by 56.44 points or 0.14 per cent...

February 24, 2021 No Responses

Elon Musk Loses $15b In A Day

Elon Musk is no longer the world’s richest person after Tesla Inc. shares slid 8.6 per cent on Monday, wiping $15.2 billion from his net worth.Tesla’s decline was fueled in part by Musk’s comments over the weekend that the prices of B...

February 24, 2021 No Responses

‘Cryptocurrency: Central Banks Under Pressure To Create Digital Money’

Following the sudden rise in value and acceptability of Cryptocurrencies and the search by investors for alternative places to put their money, 60 per cent of Central Banks across the globe are under pressure to issue sovereign digital currency. An...

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...

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Category: Capital Market/Banking