Stock Market – Page 37 – City Business News

July 18, 2016 No Responses

NCC remits N70b into federation account

Between December 2015 and March 2016, the Nigerian Communications Commission (NCC), remitted N70 billion into the federation account. The amount according to a statement issued by the commission is in addition to the N30 billion paid by MTN Nigeria Communica...

July 18, 2016 No Responses

Aisha Buhari, Osinbajo, Awolowo, Elumelu, seek support for women entrepreneur

Leading African businessman and philanthropist, Tony O. Elumelu CON joined recently joined the First Lady of Nigeria, Mrs. Aisha Buhari, wife of the Vice President, Mrs. Dolapo Osinbajo, Nigerian Export Promotion Council (NEPC) Chief Executive Officer, Segun A...

July 18, 2016 No Responses

Skye Bank shares maintains slidding profile

By Moses Ebosele The shares of Skye Bank Plc has continued its free fall on the floor of Nigerian Stock Exchange (NSE). At the end of trading for the week ended Friday July 15, 2016, the Bank shares...

July 18, 2016 No Responses

SEC boss pledges to raise market participation

AS part of measures to deepen Nigerian capital market, the Securities and Exchange Commission (SEC) has expressed its determination to raise the participation of retail investors. Speaking during a visit to the Federal Radio Corporation of Nigeria (FRCN) in ...

July 15, 2016 No Responses

Nigerian Breweries records 11.24 % drop in profit

For the first half of 2016, Nigerian Breweries Plc has declared profit after tax of N19.06billion, a drop of 11.24 per cent when compared to N21.47 billion recorded within same period in 2015. However, the unaudited and provisional results released...

July 15, 2016 No Responses

Fitch affirms UBA’s viability rating as Agusto upgrades rating to “Aa”

*Stock now best performing on the exchange. Foremost global rating agency, Fitch International has affirmed United Bank for Africa (UBA) Plc’s viability rating at “B”. Meanwhile, the pan-African banking group has continued to sustain its benchmark asse...

July 14, 2016 No Responses

FirstBank targets 10million new customers in three years

AS part of its financial inclusion initiative, First Bank of Nigeria Limited has unveiled plan to grow its customer base by over 10 million new customers in the next three years. Managing Director and Chief Executive Officer of First...

July 13, 2016 No Responses

FBN Capital partners Oxford Business Group on research

By Moses Ebosele – FBN Capital has signed a research Memoradum of Understanding (MoU) with Oxford Business Group (OBG). Under the aggrement, a report by OBG will examine the Central Bank of Nigeria’s monetary policy, review the country’s recently-r...

July 13, 2016 No Responses

Diamond Bank unveils Mobile POS

By Moshood Aliyu – To increase safety and reliability in payment, Diamond Bank Plc in collaboration with Microsoft has introduced Diamond Mobile POS (MPOS). Speaking on the partnership between Diamond and Microsoft on Tuesday in Lagos, Diamond Bank...

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July 13, 2016 No Responses

ASEA partners AfDB on capital market development

By Moses Ebosele – The African Securities Exchanges Association (ASEA) and African Development Bank (AfDB) have signed a Memoradum of Understanding (MoU) aimed at developing capital markets within the continent. Prominent among those who attended the c...

July 12, 2016 No Responses

NSE unveils sustainability report, adopts GRI reporting guidelines

By Moses Ebosele The Nigerian Stock Exchange (NSE) has released its 2015 Sustainability Report titled “Ushering in a new era of sustainability in the Nigerian market place”. The report, which is in its second edition, according to NSE demonstrates.....

July 11, 2016 No Responses

NSE’s 123 equities remain unchanged as two trading sessions record 377.798 million shares

By Moses Ebosele One hundrend and twenty three equities remain unchanged last week as the Nigeria Stock Exchange (NSE) opened for two trading sessions. The stock market opened for two trading sessions as the Federal Government declaredTuesday 5th, Wednesda...

July 9, 2016 No Responses

Again, First Bank is Winner of Best Retail Bank in Nigeria

FOR the fifth time, First Bank of Nigeria Limited, has won “The Best Retail Bank in Nigeria Award”. At the 2016 Asian Banker Retail Services West African Awards held recently in Lagos, the foremst financial institution also won the “Mobile...