Category: Capital Market/Banking

NSE Market Capitalisation Hits N17trillion
November 11, 2020 No Responses

NSE Market Capitalisation Hits N17trillion

Transactions on the Nigerian Stock Exchange (NSE) remained upbeat on Tuesday with the market capitalisation hitting N17 trillion benchmark due to gains in high capitalised stocks. Specifically, the market capitalisation appreciated by N212 billion to close at N17.059 trillion compared...
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AfDB Develops Project For Revenue Generation In Extractive Industry
November 10, 2020 No Responses

AfDB Develops Project For Revenue Generation In Extractive Industry

The African Development Bank (AfDB) has developed a three-year project in response to demands by member countries for technical assistance to monitor revenues generated from their extractive industries. The AfDB made this known during a virtual inception works...
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GTBank Emerges 2020 Best Digital Bank In Nigeria
November 10, 2020 No Responses

GTBank Emerges 2020 Best Digital Bank In Nigeria

A research and credit rating agency, Agusto & Co, on Monday disclosed that GTBank Plc ranked highest in user experience in the third edition of consumer banking satisfaction index. Senior Analyst, Financial Institutions Ratings, Agusto & Co, Mrs Mariam...
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C&I Leasing Shareholders Endorse Neoma Africa $10m Loan To Equity Conversion
November 4, 2020 No Responses

C&I Leasing Shareholders Endorse Neoma Africa $10m Loan To Equity Conversion

C&I Leasing Plc shareholders have unanimously approved the conversion of $10 million loan to equity for Neoma Africa Fund (formerly Aureos African Fund). The shareholders gave the approvalat the company’s Extra-Ordinary General Meeting (EGM) on Tuesday i...
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Fidelity Bank Declares N20.3b Profit In Q3
November 4, 2020 No Responses

Fidelity Bank Declares N20.3b Profit In Q3

For the 2020 Third Quarter (Q3), Fidelity Bank Plc presented its results to the Nigerian Stock Exchange (NSE).    Details of the results show improvements in key indices though Gross Earnings dropped marginally by 3.7% from N161.1bn in 2019 to N...
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WAPIC Insurance, ABC Top Gainers’Table As Market Capitalisation Crosses N16tri
November 4, 2020 No Responses

WAPIC Insurance, ABC Top Gainers’Table As Market Capitalisation Crosses N16tri

The bulls on Tuesday regained dominance on the Nigerian Stock Exchange (NSE) with the market capitalisation crossing N16 trillion mark. Specifically, the market capitalisation increased by N132 billion or 0.83 per cent to close at N16.063 trillion ag...
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Seplat Shareholders Get $0.05 Dividend
November 2, 2020 No Responses

Seplat Shareholders Get $0.05 Dividend

Seplat Petroleum Development Company Plc, a leading Nigerian independent energy company listed on both the Nigerian Stock Exchange 9NSE) and the London Stock Exchange (LSE), has announced its unaudited results for the nine months ended 30 September 2020.&...
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Ecobank Restates Commitment To AfCFTA
November 2, 2020 No Responses

Ecobank Restates Commitment To AfCFTA

The Managing Director, Ecobank Nigeria, Patrick Akinwuntan has said the bank is prepared to partner with other organizations to explore the opportunities available in the African Continental Free Trade Area (AfCFTA).  Akinwuntan in his remark at an event ...
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Fidelity Bank CEO Reaffirms Commitment To Sound Ethical Business Practices
November 1, 2020 No Responses

Fidelity Bank CEO Reaffirms Commitment To Sound Ethical Business Practices

Fidelity Bank Plc Chief Executive Officer, Mr. Nnamdi Okonkwo has restated the bank’s commitment to the highest standards of ethical and professional conduct in its dealings with customers and all stakeholders. Okonkwo gave the assurance as part of acti...
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Nestle, Mobil, Total, Top Gainer’s Table As Market Capitalisation Gains N571b
October 31, 2020 No Responses

Nestle, Mobil, Total, Top Gainer’s Table As Market Capitalisation Gains N571b

Trading reopened on the Nigerian Stock Exchange (NSE) on Friday after Eid-el-Maolud celebration still on an upward trend, growing by N571 billion.  Speficially, the market capitalisation which opened at N15.386 trillion inched higher by N371 billion or 3....
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CBN Explains Framework For N75b Youth Investment Fund
October 30, 2020 No Responses

CBN Explains Framework For N75b Youth Investment Fund

The Central Bank of Nigeria (CBN) has released guidelines for implementation of the proposed N75 billion Nigeria Youth Investment Fund (NYIF). CBN, in a statement by its Development Finance Department, stated that the fund was a built-in strategy to effectivel...
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Ikechukwu Kalu: SMEs Must Re-Strategize Their Branding Approach To Survive The New Normal
October 30, 2020 No Responses

Ikechukwu Kalu: SMEs Must Re-Strategize Their Branding Approach To Survive The New Normal

Brand expert, Ikechukwu Kalu has advocated that businesses, specially Small and Media Scale Enterprises (SMES) must adopt new approach to market, especially concerning their brand appeal to survive in the of the post COVID-19 new normal.   Kalu noted...
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Sterling Bank Unveils ‘Switch’ Free Money Transfer Service For Nigerians In Diaspora
October 29, 2020 No Responses

Sterling Bank Unveils ‘Switch’ Free Money Transfer Service For Nigerians In Diaspora

Sterling Bank Plc has launched “a free money transfer service” for Nigerians in diaspora, called ‘Switch’, to promote financial inclusion, international banking and allied services for such Nigerians. In a statement on Wednesday, Mr Shina Atilola, Ster...
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Banks’ Customers In Benin Lament Poor Services, Long Queues At ATMs
October 28, 2020 No Responses

Banks’ Customers In Benin Lament Poor Services, Long Queues At ATMs

Bank customers in Benin, Edo State, on Tuesday lamented the poor services being rendered by the financial institutions in the state.  Some of the customers, who shared their experiences with the News Agency of Nigeria (NAN) in Benin, expressed regret...
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