Tag: Capital Market

“Uduk, SEC Nigeria Acting DG Has Not Resigned”
June 15, 2020 No Responses

“Uduk, SEC Nigeria Acting DG Has Not Resigned”

The Securities and Exchange Commission (SEC) on Sunday denied Reports that Ms Mary Uduk, its Acting Director-General has resigned from the commission. Head, Corporate Communication, SEC, Mrs Efe Ebelo in a statement described the purported resignation of Uduk from the...
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Polaris Agency Banking, SurePadi Records N10b Transactions
June 11, 2020 No Responses

Polaris Agency Banking, SurePadi Records N10b Transactions

Within its first 100 days of introduction, Polaris Bank’s Agency Banking initiative, SurePadi, has serviced over half a million customers impacting directly an estimated two million households across the seven business regions of the Bank nationwide.  &nbsp...
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Heritage Bank-Dukia Gold To Boost Nigeria’s 200mn ounces Of Gold Potential Reserves
June 11, 2020 No Responses

Heritage Bank-Dukia Gold To Boost Nigeria’s 200mn ounces Of Gold Potential Reserves

The Federal Government of Nigeria has commended Heritage Bank for being part of a valuable private sector collaboration with Dukia Gold & Precious Metals Refining Co. Ltd, saying such partnership stands to create new opportunities for Nigeria to grow its.....
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BUA Cement lifts NSE As Market Capitalisation Retains N45b
June 9, 2020 No Responses

BUA Cement lifts NSE As Market Capitalisation Retains N45b

The Nigerian Stock Exchange (NSE) key market indices improved further by 0.34 per cent on Tuesday due to sustained interest in BUA Cement. Speficially, the All-Share Index which opened at 25,249.96, rose by 85.19 points or 0.34 per cent to...
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MTN Nigeria Explains Completion Of N100b Commercial Paper
June 9, 2020 No Responses

MTN Nigeria Explains Completion Of N100b Commercial Paper

MTN Nigeria Communications (MTNN) Plc on Tuesday announced the successful issuance of N100 billion Series I & II Commercial Paper (CP) notes. MTNN stated this in a notice to the Nigerian Stock Exchange (NSE) and the investing public signed by...
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Profit Taking: NSE Slides Further By N155b
June 5, 2020 No Responses

Profit Taking: NSE Slides Further By N155b

Profit taking was persistent on the Nigerian Stock Exchange (NSE) on Friday with investors net worth dropping further by N155 billion. Specifically, the market capitalisation dipped N155 billion or 1.17 per cent to close at N13.049 trillion compared with N13.2...
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UBA Rewards 100 More Customers With N100,000 Each
June 5, 2020 No Responses

UBA Rewards 100 More Customers With N100,000 Each

United Bank for Africa (UBA) Plc has rewarded another set of 100 loyal customers with a total of N10m in the UBA Bumper account draw. A statement sent to City Business News (www.citybusinessnews.com) on Friday explained that the 100 customers...
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NSE Succumbs To Profit Taking, Loses N50b
June 4, 2020 No Responses

NSE Succumbs To Profit Taking, Loses N50b

The Nigerian Stock Exchange (NSE) market indicators succumbed to profit taking on Thursday, dropping by 0.38 per cent. Speficially, the All-Share Index dipped 95.91 points, representing a dip of 0.38 per cent to close at 25,312.05 compared with 25,407.96 poste...
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FBNQuest Educates Nigerians on estate planning, wealth transfer
June 4, 2020 No Responses

FBNQuest Educates Nigerians on estate planning, wealth transfer

FBNQuest Trustees, a subsidiary of FBN Holdings Plc, is offering expert guidance on estate planning as an important requirement for successful wealth transfer. In a statement on Thursday, Mr Adekunle Awojobi, FBNQuest Managing Director, explained that through ...
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UPDC Lists N16b Rights Issue On NSE
June 2, 2020 No Responses

UPDC Lists N16b Rights Issue On NSE

UACN Property Development Company (UPDC) Plc on Tuesday, listed N16 billion rights issue of 15.96 billion ordinary shares at N1 per share on the Nigerian Stock Exchange (NSE). With the listing, the company became yet another beneficiary of the Exchange’s&nbs...
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Nigerian Breweries, GTBank, Zenith, Top Activity Chart As NSE Sustain N48b Growth
June 2, 2020 No Responses

Nigerian Breweries, GTBank, Zenith, Top Activity Chart As NSE Sustain N48b Growth

Transactions in the shares of Nigerian Breweries topped the activity chart on the floor of Nigerian Stock Exchange (NSE) on Tuesday with 50.46 million shares valued at N2.22 billion.  Guaranty Trust Bank followed with 40.45 million shares worth N1.01 bill...
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Zenith Bank Emerges Best Bank In Nigeria
June 1, 2020 No Responses

Zenith Bank Emerges Best Bank In Nigeria

Zenith Bank Plc, Nigeria’s leading financial institution, has emerged as the Best Bank in Nigeria in the recently released Global Finance Magazine World’s Best Banks Awards 2020. The awards, which was published in the May 2020 edition of the Global...
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Japaul, Nahco Top Gainers’ Table As NSE Records N24b Growth
June 1, 2020 No Responses

Japaul, Nahco Top Gainers’ Table As NSE Records N24b Growth

The Nigeria Stock Exchange (NSE) on Monday resumed trading in June on a positive note, with the All- Share Index appreciating by 0.19 per cent. Specifically, the index rose by 48.33 points or 0.19 per cent to close at 25,316.15...
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Seplat Shareholders Get $59m Dividend For 2019
June 1, 2020 No Responses

Seplat Shareholders Get $59m Dividend For 2019

For the financial year 2019, the Board of Seplat Petroleum Development Company Plc, a leading Nigerian independent oil and gas company listed on both the Nigerian Stock Exchange (NSE) and the London Stock Exchange (LSE) ,rewarded its shareholders with $59...
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