Capital Market/Banking – Page 97

November 19, 2020 No Responses

Market Capitalisation Drops By N91b

Transaction on the Nigerian Stock Exchange (NSE) closed bearish on Thursday with the market capitalisation losing N91 billion due to profit-taking on banking stocks. Specifically, the market capitalisation which opened at N18.19 trillion shed N91 billion or 0.50 per cent...

November 19, 2020 No Responses

NSE Members Approve Listing By Introduction

The Nigerian Stock Exchange (NSE) on Wednesday received members approval for listing by introduction at its 59th Annual General Meeting held in Lagos. President of the National Council of NSE, Otunba Abimbola Ogunbanjo, explained that the appro...

November 18, 2020 No Responses

SEC Tasks FG, States On Privatisation

Privatisation presents enormous potential to serve as alternative funding source for both the Federal and State Governments if properly harnessed, the Securities and Exchange Commission (SEC) has said Director-General of SEC, Mr Lamido Yuguda, stated this...

November 17, 2020 No Responses

Market Capitalisation Loses N279b

For the second consecutive days on Tuesday,transactions on the Nigerian Stock Exchange (NSE) closed southward with market capitalisation dropping N279 billion on continuous profit taking. The market capitalisation dipped N279 billion or 1.53 per cent...

November 14, 2020 No Responses

NSE Reiterates Commitment To Provide Quality Market Data

The Nigerian Stock Exchange (NSE) has reiterated its commitment to provide quality market data to help investors make informed and healthy investment decisions. Chief Executive Officer of the NSE, Mr Oscar Onyema, made the assertion during the Market Data Work...

November 14, 2020 No Responses

UBA Unveils Products To Drive Retail Banking

United Bank for Africa (UBA) Plc, on Friday, committed to delivering superior and innovative banking solutions to its over 20 million customers around 20 African countries The bank also unveiled some products designed to drive its retail banking business as...

November 13, 2020 No Responses

Nestle, Airtel Africa, Presco, Others Sustain N1.08trillion Growth On NSE

The bulls continued to dominate activities on the Nigerian Stock Exchange (NSE) with the All-Share Index rising above the set five per cent threshold to trigger circuit breaker. Speficially, the All-Share Index rose by 2,074.10 points or 6.23 per cent...

November 13, 2020 No Responses

First Bank Wins Global Finance 2020 Best Mobile Bank App Award

First Bank of Nigeria Limited has emerged winner of 2020 Best Mobile Banking App award in the Global Finance Best Digital Bank Awards 2020. According to the Bank, the achievement is largely attributable to the Bank’s relative strength a...

November 12, 2020 No Responses

Renewed Interest In NB, Presco, MTN As Investors Gain N1.18tr In Three Days

The Nigerian Stock Exchange (NSE) on Wednesday extended its bullish run for the third consecutive day with investors net worth appreciating further by N324 billion. Specifically, the market capitalisation inched higher by N324 billion or 1.90 per cent to...

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 ...

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...

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...

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...

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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Category: Capital Market/Banking