Capital Market/Banking – Page 89

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 at...

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...

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...

« Previous 1 … 87 88 89 90 91 … 181 Next »

Category: Capital Market/Banking