Capital Market Archives — City Business News

September 3, 2024 No Responses

United Capital Trustees Appoints Michael Thomas As MD/CEO

United Capital Trustees, a subsidiary of United Capital Group has appointed Michael Abiodun Thomas as the new Managing Director/Chief Executive Officer. A statement explained that the appointment follows a rigorous approval process by the Securities and Exchange Commission (SEC).Michael Abiodun...

August 30, 2024 No Responses

Access Holdings Donates Buses To Bethesda Child Support Agency

In demonstration of its commitment to social impact, Access Holdings Plc has taken another significant step towards empowering vulnerable children through education. As part of its longstanding partnership with Bethesda Child Support Agency, the Human Resource...

August 29, 2024 No Responses

Citibank Nigeria Appoints Nneka Enwereji As MD/CEO

Citibank Nigeria Limited has appointed Nneka Enwereji as the new Managing Director/Chief Executive Officer effective August 19th, 2024, following approval by the Central Bank of Nigeria (CBN).Enwereji succeeds Ireti Samuel-Ogbu who has retired from Citi after ...

August 24, 2024 No Responses

Afriland Properties Declares N178.6m Interim Dividend

Afriland Properties Plc has declared an interim dividend for the half-year ended 30th June 2024. The real estate company explained that its Board of Directors had approved an interim dividend of 13 kobo per share, amounting to a total payout...

August 22, 2024 No Responses

50,000 Target: Firstbank , NCF Extend Tree Planting To FCT

FirstBank, in partnership with the Nigerian Conservation Foundation (NCF), has launched a major tree-planting initiative to enhance Nigeria’s vegetation cover.According to the bank, the tree planting exercise led by Aishatu Bubaram, the Group Executive, Comm...

August 21, 2024 No Responses

Presco To Construct Ugo-Evboesi Axis Of Benin-Abraka Expressway

Presco Plc has concluded plans to commence the construction of Ugo-Evboesi axis of the Benin-Abraka Road under the Edo State Infrastructure Development and Social Investment Tax Credit Scheme.The scheme was set up by Governor Godwin Obaseki to enable companies...

August 21, 2024 No Responses

CBN Explains High Remittance Inflows Of $553m In July

For the Month of July, 2024, the Central Bank of Nigeria (CBN) has reported a significant increase in remittance inflows, reaching $553m, a 130 per cent increase from the corresponding period in 2023. A statement by the Apex bank’s Ag....

August 3, 2024 No Responses

Capital Market Investors Recover N219b

The equity market rebounded on Friday with N219 billion gain, closing the week’s trading sessions on a positive note in spite of the nationwide protests. The major drivers of the market’s positive performance included Zenith Bank, Access Corporation, Fidel...

August 2, 2024 No Responses

Shareholders Lose N235bAmidst Nationwide Protest

The Nigerian stock market on Thursday, August 1, 2024, lost N235 billion in value amid cautious investor sentiment triggered by ongoing nationwide protest. At the end of the day’s transactions, the market capitalisation reduced to N55.278 trillion from an op...

July 22, 2024 No Responses

Seplat Energy Canvasses Prudent Management Of Oil, Gas Assets

Seplat Energy Plc has called for prudent management of oil and gas assets in Nigeria in the country’s quest to drive growth in the energy sector and encourage expansion. The Chief Executive Officer, Seplat Energy, Mr. Roger Brown, gave t...

July 22, 2024 No Responses

Seplat Energy Concludes Media Training For Editors, Correspondents

Seplat Energy Plc has concluded the second phase of its media training programme for journalists and media practitioners in Nigeria. The second phase of the programme covers forty-five (45) Capital Market Editors/Correspondents as well as some Judi...

July 22, 2024 No Responses

Zenith Bank Retains Position As Nigeria’s Number One Bank By Tier-1 Capital For Fifteen Consecutive Years

For the fifteenth consecutive year, Zenith Bank Plc has retained its position as the Number One Bank in Nigeria by Tier-1 Capital in the 2024 Top 1000 World Banks’ Rankings, published by The Banker Magazine. This ranking places...

July 20, 2024 No Responses

CBN Allocates $106.5m To 29 FX Dealer Banks

The Central Bank of Nigeria (CBN) has announced the sale of $106.5 million as foreign exchange (FX) to 29 FX dealer banks. In a statement issued on Friday by Dr Omolara Omotunde Duke, Director, Financial Markets Department, it was disclosed...

July 9, 2024 No Responses

UBA’s GMD Emerges Chairman, CIBN Body Of Banks’ CEOs

The Group Managing Director/Chief Executive Officer, United Bank for Africa, (UBA) Plc, Oliver Alawuba has been appointed as the Chairman of the Chartered Institute of Bankers of Nigeria (CIBN) Body of Banks’ CEOs.The CIBN announced this appointment on its w...