Capital Market Archives — Page 13 of 60

March 13, 2023 No Responses

CBN To Banks: Comply With Supreme Court’s Judgement On Naira Notes

The Central Bank of Nigeria (CBN) says the old N200, N500 and N1000 notes remain legal tender until December 31, 2023. Isa Abdulmumin, CBN spokesperson in a statement said, “In compliance with the established tradition of obedience to court orders...

March 13, 2023 No Responses

Aramco Declares $161b Profit For 2022

Saudi oil giant Aramco has announced a record profit of $161.1bn (£134bn) for 2022, helped by soaring energy prices and bigger volumes. It represents a 46.5% rise for the state-owned company, compared with last year. It is the latest energy...

March 4, 2023 No Responses

Market Capitalisation Down By N77b

Trading activities on the Nigerian Exchange (NGX) on Friday turned bearish as bargain hunting in Seplat and 15 others drove the performance with a loss of N77 billion. In summary, the market capitalisation lost N77 billion, to close at N30.249...

February 22, 2023 No Responses

Winners Emerge In Ecobank Supper Reward Campaign

Ecobank Nigeria Limited, a subsidiary of Ecobank Transnational Incorporated (ETI), has rewarded four customers, being winners in the Super Rewards deposit promo with N1 million each. The Super Rewards Campaign is a customer-focused initiative ...

February 16, 2023 No Responses

Buhari’s Speech on Currency Swap

My Dear Compatriots, I have found it necessary to address you today, on the state of the nation and to render account on the efforts of our administration to sustain and strengthen our economy, enhance the fight against corruption...

February 11, 2023 No Responses

FG Reopens N360b Bonds For Auction

The Debt Management Office (DMO), has on behalf of the Federal Government of Nigeria (FGN), listed four FGN bonds valued at N360 billion for auction. Announcing the bond auction, the DMO listed the first offer as a February 2028...

February 11, 2023 No Responses

FIDELITY BANK APPOINTS PAMELA SHODIPO EXECUTIVE DIRECTOR

Fidelity Bank Plc has announced the appointment of Mrs. Pamela Shodipo as Executive Director, South Directorate following regulatory approval by the Central Bank of Nigeria. Pamela joins the Board of Fidelity Bank Plc with over 25 years multi...

February 7, 2023 No Responses

Access Bank Unveils ‘Love Is More’ Campaign For Valentine

Access Bank Plc has unveiled several discounts and mouth-watering freebies on its retail products and services to celebrate its customers in this season of love. The Valentine season campaign, tagged ‘Love is More,’ will run from Feb. 1 to...

February 7, 2023 No Responses

DMO Presents N130b Sukuk Cheque To FMWH, FCTA

The Debt Management Office, on Monday, presented cheques of N130 billion being Proceeds of the 2022 Sovereign Sukuk offer to the implementing ministries. The implementing ministries were the Federal Ministry of Works and Housing (FMWH) and the Federal Capit...

February 3, 2023 No Responses

Group Tasks CBN On PWDs Access To New Naira Notes

Heal Disability Initiative, a non-governmental organisation, has urged the Central Bank of Nigeria (CBN) to ensure that People with Disabilities (PWDs) have easy access to the redesigned Naira notes. The organisation also called for inclusion of persons...

February 3, 2023 No Responses

Geregu Power Declares 50.5% Drop In Profit

Geregu Power Plc has reported 50.5 per cent decline in profit as revenue dropped and earnings impaired negatively. The company, listed on the NGX last year reported N10.17billion profit in 2022 as against N20.55billion in 2021, while profit ...

February 3, 2023 No Responses

IFC Partners Union Bank ON Trade, SMEs

To boost access to finance for smaller businesses in Nigeria and to support increased trade, IFC has announced a partnership with Union Bank of Nigeria Plc as part of measures to help the bank expand lending to hundreds of businesses...

January 30, 2023 No Responses

Reps Minority Caucus Lauds CBN For Extending Deadline On Old Notes

The House of Representatives Minority Caucus has commended the Central Bank of Nigeria (CBN) for extending the deadline for swapping of the old naira notes.A statement issued by Rep. Ndudi Elumelu (PDP-Delta), the House Minority Leader on Sunday described the....

January 25, 2023 No Responses

Union Bank Save & Win Palli Promo Grand finale Holds Jan 27

Following a six-month successful run, the second edition of Union Bank’s Save & Win Palli Promo is finally coming to an exciting conclusion.A statement sent to City Business News explained that the grand finale event, which is set to hold...