Capital Market/Banking – Page 99

September 20, 2020 No Responses

Ecobank MD: Innovations, Disruptions Will Continue To Define Future Of Banking In Nigeria

The Managing Director, Ecobank Nigeria, Patrick Akinwuntan has reiterated that the future of Nigerian banking would continue to be shaped by innovations and technology disruptions, stressing that only financial institutions that are amenable to such transformation will remain relevant in...

September 20, 2020 No Responses

Polaris Bank Appoints Opeke Executive Director

The Board of Directors of Polaris Bank Ltd and Asset Management Corporation of Nigeria has appointed Mr Segun Opeke as an Executive Director. The bank’s Company Secretary, Mr Babatunde Osibodu, announced the appointment in a statement. Osibodu ex...

September 15, 2020 No Responses

WFE Issues Guidance On Fair, Orderly Markets As New Wave Looms

The World Federation of Exchanges (WFE) has issued a Guidance Note, aimed at policy questions arising from any resurgence of market volatility. In particular, the WFE’s Guidance focuses on how exchanges create fair and orderly markets; and why, when...

September 15, 2020 No Responses

OPay Partners WorldRemit On International Money Transfer

Opay, A Nigerian financial service technology company, has partnered WorldRemit, a global digital payment platform, on direct transfer of money into its mobile wallets in the country. In a statement on Tuesday, Opay’s Director of Remittance Service, Mr...

September 10, 2020 No Responses

Market Capitalisation Recovers N50b

The key market indicators of the nation’s bourse recorded first week gain on Thursday, rebounding by 0.38 per cent on renewed bargain hunting. Specifically, the All-Share Index improved by 96.06 per cent or 0.38 per cent to close at...

September 10, 2020 No Responses

AfDB Approves $27.33m For AU’s COVID-19 Response Initiative

The African Development Bank (AfDB) has approved $27.33 million in grants to boost the African Union’s efforts to mobilise a continental response to curb the COVID-19 pandemic. According to a statement from the AfDB, the approval was m...

September 9, 2020 No Responses

FBNQuest Funds Invests N20b In 70 firms

FBNQuest Funds, the merchant banking and asset management arm of FBN Holdings Plc has invested over N20 billion in private equity since 2003. The company’s Vice President, Alternative Investments, Mr Christian Ekpo, disclosed this on Wednesday at a virtual F...

September 9, 2020 No Responses

Union Bank Appoints Emeka Ogbechie Non-Executive Director

Union Bank of Nigeria Plc has informed the Nigerian Stock Exchange (NSE), shareholders and the investing public of the appointment of Mr Emeka Ogbechie as a Non-Executive Director of the bank, replacing Mr Dick Kramer, who retired in September 2019,...

September 8, 2020 No Responses

World Bank Pledges Support For 54,000 Women In Kebbi

Kebbi State Governor, Atiku Bagudu on Monday disclosed that 54,000 women in the state will be supported by the World Bank under the Nigeria for Women Project (NFWP), to enhance their livelihood. Bagudu who made the disclosure while inaugurating the...

September 8, 2020 No Responses

Naira Closes at N435 To Dollar At Parallel Market

The Naira on Monday gained N5 to close at N435 to the dollar at the parallel market in Lagos. The Pound Sterling and the Euro closed at N575 and N515, respectively. At the Bureau De Change window, the Naira traded...

September 7, 2020 No Responses

Fidelity Bank Declares N8.5b Half Year Net Profit

For the 2020 half-year performance, Fidelity Bank Plc recorded Profit Before Tax of N12.0bn from N9.8bn in 2019, which translated to a 22% growth. According to the Bank, net profits grew by 33% from N8.5bn to N11.3bn in the reporting...

September 6, 2020 No Responses

NAN Staff Cooperative Declares N11.5m Surplus

For the financial year 2019, the NAN Staff Multi-Purpose Cooperative Society Limited, an independent body in the News Agency of Nigeria (NAN), on Saturday declared a surplus of N11,496,598.74. The President of the cooperative, Mr Moses Uzoagba, mad...

September 4, 2020 No Responses

Zenith Bank Declares N346b Gross Earnings, 30 Kobo Interim Dividend

Zenith Bank Plc on Thursday declared gross earnings of N346 billion for the half year ended June 30, 2020. This is contained in the bank’s audited results presented to the Nigerian Stock Exchange. The gross earnings represent an increase of...

September 3, 2020 No Responses

GTBank Declares 30k Interim Dividend

Guaranty Trust Bank Plc on Wednesday announced an interim dividend of 30k per share for the half year ended June 30, 2020. The bank stated this in its audited financial results released to the Nigerian Stock Exchange and London Stock...

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Category: Capital Market/Banking