Capital Market Archives — Page 37 of 60

August 13, 2020 No Responses

MTN Nigeria Lifts Market Indices Further By 0.38 Per Cent

Transactions maintained upward trend on Thursday with the market indicators appreciating further by 0.38 per cent, amid MTN Nigeria gains. Specifically, the All- Share Index rose by 95.49 points or 0.38 per cent to close at 25,236.97 compared with...

August 8, 2020 No Responses

SUNU Assurances Reports N1.2bn Profit

For the 2019 financial year, SUNU Assurances Nigeria Plc has announced N1.2 billion profit, compared to N914 million attained in 2018. Speaking during the virtual 33rd Annual General Meeting of the compan...

August 7, 2020 No Responses

Ekiti Partners Ecobank On Women Empowerment, Others

Ekiti State Government has partnered with Ecobank to ensure financial inclusion, women empowerment, micro credit loans and agency banking across communities in the state. This was disclosed in Ado-Ekiti at the maiden edition Se’tigbo (Have You H...

August 6, 2020 No Responses

Capital market Stakeholders Seek Alternative Funding For Infrastructure Development

Worried by budgetary pressure and reduction in the level of public funds, stakeholders in the capital market are calling for alternative sources of financing to support infrastructure development They spoke on Thursday at a webinar session targeted...

August 6, 2020 No Responses

Seplat Tops Gainers’ Chart As Market Capitalisation Hit N13trillion

The market capitalisation of the Nigerian Stock Exchange (NSE) on Thursday advanced by N26 billion to hit N13 trillion mark. Speficially, the market capitalisation closed higher at N13.005 trillion compared with N12.979 trillion recorded on Wednesday...

August 5, 2020 No Responses

Investors stake N3.89b On UACN, FBN Holdings, Others

The volume of shares traded on the Nigerian Stock Exchange (NSE) on Wednesday improved by 148.13 per cent with an exchange of 383.29 million shares worth N3.89 billion in 3,860 deals. This was in contrast with a...

August 4, 2020 No Responses

Custodian To Acquire 51% Stake In UPDC

The Custodian Investment Plc has signed a binding agreement with UAC of Nigeria Plc to purchase 51 per cent equity interest in UACN Property Development Company (UPDC) Plc. In a statement posted on the Nigerian Stock Exchange (NSE) website on...

August 3, 2020 No Responses

SEC Capital Market Institute Expands Operations

The Nigerian Capital Market Institute (NCMI) is poised to enhance the market development role of the Securities and Exchange Commission (SEC) by providing excellent capital market education to stakeholders, Managing Director of the Ins...

July 31, 2020 No Responses

Nestlé Nigeria Declares N141b Revenue, N22b Profit In Six Months

For the half year ended June 30, 2020, Nestlé Nigeria Plc on Thursday announced revenue of N 141.0 billion, compared with N141.9 billion attained within same period in 2019. The company also recorded profit after tax of N 21.8 billion, ...

July 29, 2020 No Responses

FBN Holdings Declares N296b Gross Earnings, ₦49.5b Profit In Six Months

FBN Holdings Plc on Wednesday announced its unaudited results for the six months ended June 30, 2020. The financial institution declared gross earnings of ₦296.4 billion, up 5.8% when compared to the previous year of ₦280.3 billion...

July 27, 2020 No Responses

Reps Reiterate Capital Market Growth Commitments

The House of Representatives Committee on Capital Markets and other Institutions has assured the Securities and Exchange Commission (SEC) of its readiness to provide support by way of enabling laws to support the growth of the capital market. The Chairma...

July 24, 2020 No Responses

Seplat, Bua Cement Top Losers’ Table As Market Capitalisation Drop By N45b

The Nigerian Stock Exchange (NSE) on Friday returned to the negative territory on with key market indices declining by 0.35 per cent. Specifically, the All-Share Index (ASI) dipped 85.04 points to close at 24,427.73 compared with 24,512.77 achieved on Thursday...

July 22, 2020 No Responses

Access Bank Rewards 1,000 Customers With N87.74m

Access Bank Plc on Wednesday splashed N87.74 million on over 1,000 customers who emerged winners at the second quarterly draw of DiamondXtra Season 12 reward scheme. Mr Rob Giles, the bank’s Head, Retail Product Insight and Capabilities, said the winners...

July 21, 2020 No Responses

Naira Exchanges At N472 To Dollar At Parallel Market

The Naira on Tuesday exchanged at N472 to a dollar at the parallel market in Lagos State, the News Agency of Nigeria (NAN) reports. The Pound Sterling and the Euro also exchanged for N575 and N530 respectively. The Naira, however,...