Capital Market Archives — Page 42 of 54

February 8, 2020 No Responses

NSE Emerges Second Largest ETF Market In Africa

The Nigerian Stock Exchange (NSE) has emerged the second largest Exchange Traded Fund (ETF) market in Africa with current market capitalisation of N6.9 billion. Mr Oscar Onyema, NSE Chief Executive Officer, stated this on Friday at the Smart Investment Workshop...

February 6, 2020 No Responses

Fidelity Bank Appoints Isa Inuwa Non-Executive Director

The Board of Directors of Fidelity Bank Plc has announced the appointment of Alhaji Isa Mohammed Inuwa as an Independent Non-Executive Director of the Bank.A statement issued on Thursday explained that the Nigerian Stock Exchange (NSE) has been notified of...

February 5, 2020 No Responses

Demutualisation: NSE to hold Court-Ordered Meeting

Ahead of its demutualisation exercise, the Nigerian Stock Exchange (NSE) is set to hold a Court-Ordered Meeting with its members on March 3, 2020.The notice of the meeting obtained by the News Agency of Nigeria (NAN) in Lagos stated that...

February 3, 2020 No Responses

Finance Act Represents Landmark Achievement For Nigerian Capital Market‘

By Citybusinessnews@yahoo.com The Chief Executive Officer, Nigerian Stock Exchange (NSE), Oscar Onyema on Monday described the signing of the Finance Bill into law as a landmark achievement for the Nigerian Capital Market.In a welcome address at a symposi...

February 3, 2020 No Responses

How To Attract Investors To African Capital Markets, By Fourier, CEO, JSE

Most African Capital Markets are too small to attract the attention of international investors, the Chief Executive Officer, Johannesburg Stock Exchange (JSE), Dr Leila Fourie has said. To reverse the trend, Fourier has called for adequate liquidity thro...

January 31, 2020 No Responses

Interswitch Lists ₦23b Bond On NSE

The Nigerian Stock Exchange (NSE) on Friday admitted Interswitch Limited’s N23billion Bond.The Callable Senior Unsecured Bond, with a tenor of seven years, at a fixed rate of 15 percent, is part of a N30 billion Debt Issuance Programme issued through.....

January 31, 2020 No Responses

Market Capitalisation Declines By N96b In January

The All-Share Index of the Nigerian Stock Exchange (NSE) on Friday closed trading for the month of January below 29,000 mark following the dominance of the bears.Specifically, the index on Friday dipped 187.40 points or 0.65 per cent to close...

January 30, 2020 No Responses

DBN Disburses N133b To MSME’s In 18 months

In the last 18 months, Development Bank of Nigeria (DBN) disbursed a total of N133 billion to Micro, Small and Medium Enterprises (MSMEs) operators across the country. The DBN Managing Director, Mr Tony Okpanachi, disclosed this at the ongoing Nigerian...

January 30, 2020 No Responses

Market Capitalisation Drops Below N15tri Mark

The market capitalisation of the Nigerian Stock Exchange (NSE) on Wednesday dropped to N14 trillion mark due to persistent profit taking. Specifically, the market capitalisation which opened at N15.132 trillion shed N138 billion or 0.91 per cent to close at...

January 29, 2020 No Responses

Aisha Hassan-Baba, Orji Join UBA Board

The United Bank for Africa (UBA) Plc has announced the appointments of Aisha Hassan-Baba and Kenneth Orji as Non-Executive Directors on the Group’s Board.In a notice to the Nigerian Stock Exchange (NSE), UBA explained that the new appointments are subject...

January 28, 2020 No Responses

Union Bank To Divest From UK Subsidiary

Union Bank of Nigeria Plc has entered a share sale and purchase agreement to divest its 100% equity stake in Union Bank UK Plc. (UBUK).The Bank explained on Tuesday that the development is aligned with Union Bank’s strategy to geographically...

January 27, 2020 No Responses

Zenith Bank Empowers SMEs, Partners Facebook On Digital Workshop

Nigeria’s leading financial institution, Zenith Bank Plc, has reaffirmed its commitment to support local Small and Medium Scale Enterprises (SMEs) with the introduction of the ‘Zenith Bank SME Digital Workshop’ to provide free digital training for busine...

January 26, 2020 No Responses

SEC Nigeria Goes Tough on Illegal Fund Managers

The Securities and Exchange Commission (SEC) has restated it’s determination to go after illegal fund managers and ensure they are made to face the full wrath of the law.Acting Director-General of the SEC, Mary Uduk, who stated this in an...

January 25, 2020 No Responses

Fidelity Bank Harps On Youth Empowerment, Rewards Customers

To curb crime and unemployment in the country, the Managing Director, Fidelity Bank Plc, Mr Nnamdi Okonkwo has emphasized need for youth empowerment.Speaking in Lagos on Saturday during Fidelity Bank appreciation party themed; ‘Give them Wings’, Okonkwo sa...