Stock Market – Page 35 – City Business News

August 18, 2016 No Responses

GTBank proposes 25k interim dividend

For the half year ended June 30, 2016, Guaranty Trust Bank Plc has proposed 25 kobo interim dividend. In its report to the Nigerian Stock Exchange (NSE), the Bank also declared gross earnings of ₦209.9 billion, an increase of 37...

August 17, 2016 No Responses

CBN increases BDCs weekly sales to $50,000

The Central Bank of Nigeria (CBN) has increased the amount of foreign exchange that Bureaux De Change (BDCs) can access from $30,000 to $50, 000 per week. Speaking in Abuja on Tuesday, Directors of CBN and some Managing Directors of...

August 16, 2016 No Responses

Union Bank declares N8.7B profit in six months

For the first six months of this year, Union Bank of Nigeria Plc recorded profit after tax of N8.7 Billion compared with N6.3 Billion within same period in 2015. According to the Bank, total assets also increased from N1.046...

August 12, 2016 No Responses

Zenith Bank posts 15.68 % drop in profit

For the half year ended June 30, 2016, Zenith Bank Plc reported Profit After Tax (PAT) of N44.8 Billion, down by 15.68 per cent when compared with N53.1 Billion recorded within same period in 2015. Details of the result...

August 11, 2016 No Responses

South Africa overtakes Nigeria

By Adebisi Emmanuel – As Nigerians struggle with the reality of economic recession, South Africa’s economy has regained the position of Africa’s largest in dollar terms more than two years after losing it to Nigeria. Indeed, based on gross.....

August 11, 2016 No Responses

SEC to stop dividend warrant in 2017

By Moses Ebosele – AS part of measures to encourage investors in the Nigerian capital market to embrace e-dividend, the Securities and Exchange Commission (SEC) has concluded plans to abolish dividend warrant in June 2017. Briefing Journalists i...

August 10, 2016 No Responses

‘Don’t sell more than $30,000 per week to BDC’

The Central Bank of Nigeria (CBN) on Tuesday directed Bureau De Change (BDCs) operators not to sell foreign exchange above two per cent margin of the buying rate. This is contained in a statement in Lagos signed by W.D Gotring,...

August 9, 2016 No Responses

Nigeria to raise $1B Eurobond

The Federal Government has concluded plan to raise $1 Billion from International Capital Market in 2016. According to the Debt Management Office, the $1billion sale is the first tranche of a $4.5 billion Nigeria Global Medium-Term Notes Issuance Programme.....

August 9, 2016 No Responses

AfDB approves $9m equity investment for SME’s in Nigeria

(NAN) The African Development Bank has approved a nine million dollar equity investment in the Fund for Agricultural Finance in Nigeria (FAFIN) to provide expansion capital to agricultural small and medium-sized enterprises (SMEs). This was contained in a pres...

August 4, 2016 No Responses

First Bank reiterates support for customers

By Moses Ebosele – First Bank of Nigeria Limited has reiterated its resolve to strengthen its commitment to provide best financial solutions for customers. The Bank in a statement on Wednesday said it has through the years demonstrated an...

August 4, 2016 No Responses

Stanbic IBTC Bank expands SME capacity building initiative

Following the enthusiastic participation by operators since the initiative was launched two years ago, Stanbic IBTC Bank, a member of Stanbic IBTC Holdings Plc, has expanded the scope of its capacity building workshop for Small and Medium Scale Enterprises (SM...