Capital Market – Page 55 – City Business News

March 16, 2020 No Responses

SEC Capital Market Institute Expands Operations

As part of measures to provide excellent capital market education to stakeholders, the Nigerian Capital Market Institute (NCMI) is to operate from three centres. This was stated by acting Director-General of the SEC, Ms. Mary Uduk during a meeting with...

March 9, 2020 No Responses

Investors lose N329b

The Nigerian Stock Exchange (NSE) market capitalisation opened the week on Monday with a huge loss of N329 billion due to persistent fall in global oil price and rising cases of COVID-19.The News Agency of Nigeria (NAN) reports that the...

March 8, 2020 No Responses

Access Bank Declares 40k Final Dividend

Access Bank Plc is to pay a final dividend of 40kobo per share, bringing total dividend for the year ended December 31st, 2019 to 65kobo. Within the year under review, the bank recorded gross earnings of N666.75 billion, 26.10 per...

March 7, 2020 No Responses

NSE Boss Advocates Gender Equality

The Chief Executive Officer, Nigerian Stock Exchange (NSE), Mr Oscar Onyema on Friday said gender equality was important to reduce employment and entrepreneurship gaps in the country. Onyema stated this at a symposium organised by the Exchange in Lagos t...

March 4, 2020 No Responses

Again, Zenith Bank Emerges Most Valuable Banking Brand In Nigeria

Foremost financial institution, Zenith Bank Plc has again emerged as the Most Valuable Banking Brand in Nigeria in the new Banker Magazine Top 500 Banking Brands 2020.For the third consecutive year, Zenith Bank has been ranked as the number one...

March 3, 2020 No Responses

NSE Members Assent To Demutualisation Resolutions

Members of the Nigerian Stock Exchange (NSE) have passed requisite resolutions for the demutualisation of The Exchange .At a Court Ordered Meeting (COM) and an Extraordinary General Meeting (EGM) held on Tuesday, March 3, 2020 at The Grand Banquet Hall,...

March 3, 2020 No Responses

GTBank Declares N196.85b Profit, N2.50 Final Dividend For 2019

For the year ended December 31, 2019, Guaranty Bank Trust (GTBank) Plc on Monday declared profit of N196.85 billion and final dividend of N2.50 per share. According to the Bank, the profit after tax represented an increase of 6.6 per...

February 29, 2020 No Responses

NSE Market Capitalisation Loses N308b

Trading on the Nigerian Stock Exchange (NSE) on Friday ended on panic mood, as the country recorded the first Coronavirus case after Egypt and Algeria. The News Agency of Nigeria (NAN) reports that the panic mood affected trading on the...

February 28, 2020 No Responses

NSE Intensifies Financial Literacy Campaign Through Comic Book

—- By Olumide Orojimi Nigeria’s financial ecosystem is rapidly evolving with the introduction of increasingly disruptive financial products and services. As the world moves to more sophisticated financial instruments, the need to pay closer attention t...

February 24, 2020 No Responses

Gambling Affiliates Lose 70% In Stock Market Value

Data gathered and calculated by GoldenCasinoNews.com indicates that the top five gambling affiliate companies have lost 70% in stock market value over the last two years.The affected affiliates include Gaming Innovation Group, whose value has declined by -87.7...

February 24, 2020 No Responses

SEC Nigeria Holds International Commodities Conference

In a bid to further deepen the capital market and have a vibrant commodities exchange, the securities and Exchange Commission, SEC, is to host an international conference on the Nigeria Commodities MarketThe conference with the theme, “Commodities Trading Ec...

February 21, 2020 No Responses

Zenith Bank Declares N200b Profit After Tax

For the year ended December 31st, 2019, Zenith Bank Plc on Friday announced profit after tax (PAT) of N208.8 billion, “achieving the feat as the first Nigerian Bank to cross the N200 billion mark”.According to the bank’s audited financial results...

February 21, 2020 No Responses

First Bank Takes SMEs Business Clinic To Port-Harcourt, Abuja

In recognition of the significant role Small and Medium Enterprise (SMEs) play in achieving sustainable growth and development in the economy of the country, First Bank of Nigeria Limited has concluded plans to host second edition of SMEs Business Clinic...

February 20, 2020 No Responses

Market Capitalisation Recovers N24b

The nation’s bourse on Thursday recorded its first gain for the week with the market indices improving by 0.17 per cent due to interest in BUA Cement and 18 other stocks.Specifically, the All-Share Index rose by 45.83 points or 0.17...