Investment banking Archives

Foreign Investment In Nigerian Stocks Drops To N60.11bn In Q1 2021

May 6, 2021 0

Foreign portfolio investment in the Nigerian stock market dropped by eight per cent in the first quarter of 2021 to N60.11bn from N65.27bn in the same period of 2020.

Goodbye Grobank, Hello Access Bank South Africa

May 5, 2021 0

Following the completion of all regulatory procedures, Grobank Limited has been officially renamed Access Bank South Africa Limited.

Shareholders Approve Union Bank’s 25 Kobo Dividend

May 5, 2021 0

The shareholders of Union Bank of Nigeria Plc have approved the recommended dividend of 25 kobo per 50 kobo ordinary share for the 2020 financial period.

SEC Denies Recruitment Exercise, Disowns Fake Websites

May 2, 2021 0

The Securities and Exchange Commission, SEC, has denied conducting any recruitment exercise as being circulated in several websites and blogs purportedly associated to the SEC.

Unity Bank Sustains Momentum, As Profits Rise By 43% In Q1/2021

May 1, 2021 0

Nigeria’s foremost agric lender, Unity Bank Plc has sustained the growth momentum demonstrated in its 2020 full year earnings as it recorded an impressive performance of 43% in both profit before and after tax in Q1-2021.

FY2020: Fidelity Bank Approves 22 Kobo Dividend Per Share

May 1, 2021 0

The shareholders of Fidelity Bank Plc have unanimously endorsed the payment of a cash dividend of 22 kobo per share to all Shareholders whose names appeared in the Register of Members at the close of business on April 16, 2021.

CBN Sack: First Bank Constitutes 11 New Board Members To Direct Its Affairs

April 30, 2021 0

First Bank Plc has constituted a new eleven man board members to replace the old board sacked by the Central Bank of Nigeria (CBN) on Thursday.

Banking Made Simple

April 29, 2021 0

Raheem Akingbolu reviews the new FirstBank’s corporate website and reckons that it would go a long way in strengthening the ability of the bank’s patrons and other potential customers in addressing basic banking operations.

SEPLAT Records $28 Million Profit Before Tax

April 29, 2021 0

… records EBITDA of $77.8 million Seplat Petroleum Development Company Plc (“Seplat” or the “Company”), a leading Nigerian independent energy company listed on both the Nigerian Stock Exchange (NSE) and the London Stock Exchange (LSE), has announced its announces its unaudited results for the three months ended 31 March 2021, recording a rise in revenue by 16.8 per cent to $152.4 …

CBN Queries First Bank Over Removal Of MD/CEO

April 29, 2021 0

The Central Bank of Nigeria (CBN) has issued a query to the Board of First Bank Ltd for the removal of its Managing Director and Chief Executive Officer, Dr. Sola Adeduntan.