Capital Market – Page 43 – City Business News

December 1, 2020 No Responses

Nigeria Stock Market Resumes December With N55b Gain

The Nigeria stock market on Tuesday sustained bullish sentiment to open the month of December with N55 billion growth due to buying interests in Tier 1 banks. Consequently, the market capitalisation rose by N55 billion or 0.30 per cent to...

November 29, 2020 No Responses

NSE Boss Tasks New Stockbrokers On High Standards

The Chief Executive Officer of the Nigerian Stock Exchange (NSE), Mr Oscar Onyema, on Saturday tasked newly qualified stockbrokers to uphold the highest ethical standards in their professional practice. Onyema, gave the advise in a statement issued &...

November 21, 2020 No Responses

Zenith Bank Declares N509b Gross Earnings In Nine Months

For the third quarter ended September 30, 2020, Zenith Bank Plc has reported a gross earnings of N509 billion,compared with N491 billion achieved in the corresponding period in 2019. In the unaudited results released by the Nigerian Stock Exchange (NSE)...

November 21, 2020 No Responses

Sterling Bank Lifts Trading Income By 265% In Q3

Sterling Bank Plc has reported a trading income of N7.1 billion for the 2020 third quarter (Q3) ended September 30, compared with N1.9 billion achieved in the corresponding period in 2019. Managing Director and Chief Executive Officer of the bank,...

November 20, 2020 No Responses

Unclaimed Dividend: ICSAN Urges Review Of Finance Bill

The Institute of Chartered Secretaries and Administrators of Nigeria (ICSAN) has called for review of Section 39 of the Finance Bill 2021 over its provision for take-over of unclaimed dividends of public listed companies. ICSAN President, Bode Ayeku made the.....

November 19, 2020 No Responses

Market Capitalisation Drops By N91b

Transaction on the Nigerian Stock Exchange (NSE) closed bearish on Thursday with the market capitalisation losing N91 billion due to profit-taking on banking stocks. Specifically, the market capitalisation which opened at N18.19 trillion shed N91 billion...

November 19, 2020 No Responses

NSE Members Approve Listing By Introduction

The Nigerian Stock Exchange (NSE) on Wednesday received members approval for listing by introduction at its 59th Annual General Meeting held in Lagos. President of the National Council of NSE, Otunba Abimbola Ogunbanjo, explained that the appro...

November 14, 2020 No Responses

NSE Reiterates Commitment To Provide Quality Market Data

The Nigerian Stock Exchange (NSE) has reiterated its commitment to provide quality market data to help investors make informed and healthy investment decisions. Chief Executive Officer of the NSE, Mr Oscar Onyema, made the assertion during the Market Data Work...

November 13, 2020 No Responses

Nestle, Airtel Africa, Presco, Others Sustain N1.08trillion Growth On NSE

The bulls continued to dominate activities on the Nigerian Stock Exchange (NSE) with the All-Share Index rising above the set five per cent threshold to trigger circuit breaker. Speficially, the All-Share Index rose by 2,074.10 points or 6.23 per cent...

November 12, 2020 No Responses

Renewed Interest In NB, Presco, MTN As Investors Gain N1.18tr In Three Days

The Nigerian Stock Exchange (NSE) on Wednesday extended its bullish run for the third consecutive day with investors net worth appreciating further by N324 billion. Specifically, the market capitalisation inched higher by N324 billion or 1.90 per cent to...

November 4, 2020 No Responses

Fidelity Bank Declares N20.3b Profit In Q3

For the 2020 Third Quarter (Q3), Fidelity Bank Plc presented its results to the Nigerian Stock Exchange (NSE). Details of the results show improvements in key indices though Gross Earnings dropped marginally by 3.7% from N161.1bn in 2019 to N...

November 2, 2020 No Responses

Seplat Shareholders Get $0.05 Dividend

Seplat Petroleum Development Company Plc, a leading Nigerian independent energy company listed on both the Nigerian Stock Exchange 9NSE) and the London Stock Exchange (LSE), has announced its unaudited results for the nine months ended 30 September 2020.&...

October 30, 2020 No Responses

Ikechukwu Kalu: SMEs Must Re-Strategize Their Branding Approach To Survive The New Normal

Brand expert, Ikechukwu Kalu has advocated that businesses, specially Small and Media Scale Enterprises (SMES) must adopt new approach to market, especially concerning their brand appeal to survive in the of the post COVID-19 new normal. Kalu noted...

October 26, 2020 No Responses

CIS Tasks FG On Capital Market Investment Opportunities

The Chartered Institute of Stockbrokers (CIS) on Sunday urged the Federal Government to leverage investment opportunities in the capital market for medium and long-term capital to bridge infrastructure deficit. The CIS President, Mr Olatunde Amolegbe, in...