Capital Market – Page 39 – City Business News

April 22, 2021 No Responses

Conoil, Lafarge Africa, GTBank Lift NGX Indices By 0.29%

Transactions on the Nigerian Exchange (NGX) Ltd. on Wednesday extended gaining streak to four consecutive trading sessions, appreciating further by 0.29 per cent. The performance was as a result of investors’ interests in Guaranty Trust Bank and Lafarge Africa. Specifically,...

April 18, 2021 No Responses

CSCS Declares N6.93b Profit, N5.85b Dividend For 2020

The Central Securities Clearing System Plc (CSCS) has announced a profit after tax of N6.93 billion for the financial year ended Dec. 31, 2020. The company in a statement explained that profit after tax was 41.43 per cent higher when...

April 17, 2021 No Responses

NGX Market Capitalisation Increases By N124b

Trading on the Nigeria Exchange Ltd ended on a positive note on Friday with the market capitalisation appreciating by N124 billion due to gains in some blue chips. The market capitalisation increased 0.61 per cent to N20.310 trillion, from N20.186...

April 16, 2021 No Responses

Citigroup To Exit Banking Operations In 13 Markets

Citigroup is closing its consumer banking operations in 13 markets across Asia, Europe and the Middle East. The US banking group will instead run these operations from four hubs in Singapore, Hong Kong, the United Arab Emirates and London. It...

April 14, 2021 No Responses

Stakeholders Outline Solutions For Successful AfCFTA Implementation

Stakeholders in the Africa Continental Free Trade Area (AfCFTA) have called for private sector participation and creation of compatible trade policies to ensure successful implementation of the agreement. Top government officials, industrialists, and fin...

April 14, 2021 No Responses

BUA Cement To Sustain Competitiveness With N115b Bond Issuance

BUA Cement Plc has pledged to sustain competitiveness with the N115 billion Series Fixed Rate Senior Unsecured Bond issue under the company’s maiden N200 billion bond issuance programme. The Chief Executive Officer, BUA Cement, Yusuf Binji, made the di...

April 12, 2021 No Responses

SEC Nigeria Engages Stakeholders On Fintech Roadmap Implementation

The Securities and Exchange Commission (SEC) is to discuss issues concerning the implementation of the financial technology roadmap in the market during its forth-coming virtual committee meeting sheduled for April 15 and April 16, 2021. A statement issu...

April 7, 2021 No Responses

IMF Forecasts Stronger Recovery For World Economy

The International Monetary Fund is now forecasting a stronger economic recovery this year and next. The IMF has upgraded both its UK and global forecasts compared with what it projected in January. But the British economy is still predicted to...

April 7, 2021 No Responses

FMDQ: Market Development For Derivatives Nears Completion

FMDQ Securities Exchange Limited has announced that the implementation of its derivatives market development project on its platform is nearing completion. The exchange disclosed this to capital market correspondents during its Academy Derivatives Market...

April 2, 2021 No Responses

FBN Holdings Declares N89.7b Profit, N7.7tri Total Assets For 2020

By Moses Ebosele, ebosele@hotmail.com — For the financial year ended December 31, 2020, FBN Holdings Plc has announced a profit of N89.7 billion, indicating an increase of 21.8 per cent. In its 2020 audited result, FBN Holdings explained on ...

April 2, 2021 No Responses

MasterCard Invests $100m In Airtel Africa’s Mobile Money

Airtel Africa, a telecommunications and mobile money services company has signed an agreement under which MasterCard will invest $100 million in Airtel Mobile Commerce BV (AMC BV). According to a statement issued by the telco, AMC BV is a wholly...

April 2, 2021 No Responses

Nigeria Stock Exchange Readies For New Chapter Post Demutualisation

By Oscar N. Onyema — Capital markets in Nigeria are entering a period of major change, commencing with the demutualisation of the Nigerian Stock Exchange (NSE or The Exchange), which was approved by the nation’s Securities and Exchange Commissio...

March 31, 2021 No Responses

Investors Lose N119b Amid Renewed Profit Taking

The Nigerian Stock Exchange (NSE) returned to negative territory on Tuesday with investors losing N119 billion on renewed profit taking. Consequently, the market capitalisation which opened at N20.663 trillion dipped N119 billion to close at N20.544 tril...

March 29, 2021 No Responses

Non-Interest Capital Market, Full Of Potentials, Says SEC DG

The non-interest capital market sector in Nigeria has been described as one that is unique and full of potentials to facilitate the objective of deepening the financial system and spurring the growth of the Nigerian economy. This was stated by...