Capital Market – Page 44 – City Business News

September 22, 2020 No Responses

Nigeria Highlights Capital Market Investment Opportunities

Representatives of the Nigerian Stock Exchange (NSE), Nigerian International Securities Limited (NISL) and the Chartered Institute of Stockbrokers (CIS) on Monday committed to expanding retail investment opportunities in the capital market. The representatives made the commitment at a webinar organised...

September 21, 2020 No Responses

SEC: Digital Assets Classification Aimed At Investor Protection

The Securities and Exchange Commission (SEC) has said that the recently released SEC Statement on Digital Assets and their Classification and Treatmen is aimed at boosting investors’ protection in the capital market.Emomotimi Agama, Head, Registration, Excha...

September 15, 2020 No Responses

WFE Issues Guidance On Fair, Orderly Markets As New Wave Looms

The World Federation of Exchanges (WFE) has issued a Guidance Note, aimed at policy questions arising from any resurgence of market volatility. In particular, the WFE’s Guidance focuses on how exchanges create fair and orderly markets; and why, when...

September 10, 2020 No Responses

Market Capitalisation Recovers N50b

The key market indicators of the nation’s bourse recorded first week gain on Thursday, rebounding by 0.38 per cent on renewed bargain hunting. Specifically, the All-Share Index improved by 96.06 per cent or 0.38 per cent to close at...

September 9, 2020 No Responses

FBNQuest Funds Invests N20b In 70 firms

FBNQuest Funds, the merchant banking and asset management arm of FBN Holdings Plc has invested over N20 billion in private equity since 2003. The company’s Vice President, Alternative Investments, Mr Christian Ekpo, disclosed this on Wednesday at a virtual F...

September 9, 2020 No Responses

Union Bank Appoints Emeka Ogbechie Non-Executive Director

Union Bank of Nigeria Plc has informed the Nigerian Stock Exchange (NSE), shareholders and the investing public of the appointment of Mr Emeka Ogbechie as a Non-Executive Director of the bank, replacing Mr Dick Kramer, who retired in September 2019,...

September 8, 2020 No Responses

Naira Closes at N435 To Dollar At Parallel Market

The Naira on Monday gained N5 to close at N435 to the dollar at the parallel market in Lagos. The Pound Sterling and the Euro closed at N575 and N515, respectively. At the Bureau De Change window, the Naira traded...

September 7, 2020 No Responses

Fidelity Bank Declares N8.5b Half Year Net Profit

For the 2020 half-year performance, Fidelity Bank Plc recorded Profit Before Tax of N12.0bn from N9.8bn in 2019, which translated to a 22% growth. According to the Bank, net profits grew by 33% from N8.5bn to N11.3bn in the reporting...

September 4, 2020 No Responses

Zenith Bank Declares N346b Gross Earnings, 30 Kobo Interim Dividend

Zenith Bank Plc on Thursday declared gross earnings of N346 billion for the half year ended June 30, 2020. This is contained in the bank’s audited results presented to the Nigerian Stock Exchange. The gross earnings represent an increase of...

September 2, 2020 No Responses

Presco Shareholders Okay N2billion Dividend For 2019

By Moses Ebosele, ebosele@hotmail.com Shareholders of Presco Plc, on Wednesday, commended the Board and Management of the company for declaring N2billion dividend for the financial year ended December 31, 2019 despite various challenges. The sharehol...

September 2, 2020 No Responses

Market Capitalisation Sustains Growth With N24b

The Nigerian Stock Exchange’s (NSE) key market indices on Wednesday appreciated further by 0.18 per cent due to sustained bargain hunting. Consequently, the NSE All-Share Index rose by 46.05 points or 0.18 per cent to close at 25,460.00 compared...

September 1, 2020 No Responses

NSE Resumes September Trading With N46b Growth

The Nigerian Stock Exchange (NSE) on Tuesday sustained positive trend to open trading for the month of September with a growth of N46 billion. Specifically, the market capitalisation which opened the month at N13.212 trillion appreciated by N46 billion to...

August 28, 2020 No Responses

Market Capitalisation Recovers N2b As Volume Drop By 45.46 Per Cent

The volume of shares traded on the Nigerian Stock Exchange (NSE) on Friday dropped by 45.46 per cent. However, the market capitalisation rose by two billion naira or 0.02 per cent to close at N13.203 trillion against N13.201 trillion recorded...

August 28, 2020 No Responses

CBN Resumes Sales Of Foreign Exchange To BDC Operators

The Central Bank of Nigeria (CBN) has commenced the sales of foreign exchange to the Bureau De Change (BDC) operators in the country. In a circular signed by Dr Ozoemena Nnaji, Director Trade and Exchange Department, and addressed to authorised...