Stock Exchange – Page 9 – City Business News

July 9, 2020 No Responses

Access Bank To Acquire Zambian Bank

Access Bank Plc has announced plans for acquisition of 100 per cent of Cavmont Bank Limited, a Zambia-based financial institution. The bank disclosed this in a regulatory filing to the Nigerian Stock Exchange (NSE) signed by Mr Sunday Ekwuochi, its...

July 9, 2020 No Responses

NSE Cautions Investors On Shares Of Medview Airline,DN Tyre, Union Homes, Others

The Nigerian Stock Exchange (NSE) has urged investors to trade with caution on the shares of 13 companies for failing to submit financial statements without any explanation. The News Agency of Nigeria (NAN) reports that the affected companies include Aso...

June 13, 2020 No Responses

FBN Insurance Records N37.63bn Premium In 2019

For the year 2019, FBN Insurance Limited recorded N37.63 billion Gross Premium Written (GPW), an increase of 45 per cent when compared to N25.98 billion achieved in 2018. The company in a statement explained that the audited annual report was...

June 4, 2020 No Responses

SEC Nigeria Photo News

L-R: Incoming Executive Commissioners,Securities and Exchange Commission, Mr Reginald Karawusa, Incoming Director General SEC Mr Lamido Yuguda, Mr Temidayo Obisan and Mr Ibrahim Boyi during the Screening of Nominees of Director General and Fu...

May 28, 2020 No Responses

NSE To Host Sustainable Capital Markets Forum

The Nigerian Stock Exchange (NSE) in collaboration with the Milken Institute, is set to host the inaugural edition of Webinar Series on Sustainable Capital Markets for West Africa on Friday, 5 June 2020 by 2:30pm. According to NSE, the webinar...

May 26, 2020 No Responses

Oscar Onyema Highlights Resilience Of Nigeria’s Capital Market

As corporations all over the world battle the impacts of the Coronavirus (COVID-19), the support of securities exchanges for capital market ecosystems has become even more relevant in building sustainable businesses and stimulating growth across Africa. ...

April 29, 2020 No Responses

FMDQ Admits United Capital, Sterling Bank CP Notes To Its Platform

FMDQ Exchange has announced the approval and admission of the United Capital Plc and Sterling Bank Plc Commercial Paper (CP) notes to its trading platform. The company said in a statement posted on its website on Tuesday that it admitted...

April 22, 2020 No Responses

NSE Market Capitalisation Loses N152b

The Nigerian Stock Exchange (NSE) market capitalisation on Tuesday inched lower by N152 billion, amid sell pressure in 27 stocks. Specifically, the market capitalisation which opened at N11.945 trillion lost N152 billion or 1.27 per cent to close at N11.794...

April 16, 2020 No Responses

FBN Holdings Tops Activity Chart With 74.758m Shares

FBN Holdings on Wednesday topped activity chart on the floor of Nigeria Stock Exchange (NSE) with 74.758 million shares valued at N354.24 million. Zenith Bank followed with 72.11 million shares worth N1.097 billion, while Guaranty Trust Bank traded 36.77...

April 7, 2020 No Responses

SEC Nigeria Boss Elected Into IOSCO Board

The Acting Director General of the Securities and Exchange Commission, SEC, Ms. Mary Uduk has been elected into the board of the International Organisation of Securities Commissions, IOSCO. Ms. Uduk is to represent the Africa/Middle-East Regional Committee, AM...

April 1, 2020 No Responses

Stock Markets Record Worst Quarter In 33 Years

Stock markets around the world suffered historic losses in the first three months of the year amid a massive sell-off tied to the coronavirus. The Dow Jones Industrial Average and London’s FTSE 100 saw their biggest quarterly drops since 1987,...

March 31, 2020 No Responses

NSE To Sustain Remote Trading

The Nigerian Stock Exchange (NSE) has assured investors of seamless trading during the 14 days lockdown to stem the spread of coronavirus in the country. The exchange gave the assurance in a statement issued in Lagos by Mr Olumide Orojimi,...

March 25, 2020 No Responses

Fidelity Bank Explains N30.4b PBT In 2019

For the 2019 financial year, Fidelity Bank Plc has declared Gross Earnings of delivered Gross Earnings of N215.5billion, indicating 14.0% more than N189.0billion recorded in 2018, whilst Profit before tax rose by 21.0% to N30.4bn compared with N25.1bn re...

March 24, 2020 No Responses

NSE Resorts To Remote Trading

As part of measures to curtail COVID-19 pandemic, the Nigerian Stock Exchange (NSE) will effective March 25, 2020 temporarily close its trading floors and engage in remote trading. Mr Oscar Onyema, NSE Chief Executive Officer, said in a statement o...