Tag Archives: NDIC

Unaudited Result: Union Bank Post N91.4bn gross earnings for 9months … as deposit base rises to N618.30bn Friday Ekeoba Despite the hash economic realities, Union Bank of Nigeria Plc, Wednesday, posted N91.4 gross earnings profit in its nine months unaudited result ended 30 September, 2016. Similarly, the bank grew its profit before tax to N13.2 billion, this indicating a 27 …

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Friday Ekeoba  In what market watchers have described as a major step in turning around waste management into a veritable avenue for growing the domestic economy, the Nigerian Stock Exchange (NSE), Tuesday admitted The Initiates Plc N753, 950 million units of shares on the trading floor of the market. The Initiates Plc is a Nigerian company which delivers international standard …

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First Bnak wins digital bank award As part of operational repositioning, First Bank of Nigeria Limited has won the Global Finance Digital Bank of Distinction award, 2016. The Bank in a statement, said, “This new award recognizes outstanding accomplishments in digital banking made by middle-market and local banks. It honours banks that may be outspent by their global competitors but …

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From Left: Joseph Ogbonna Anosike, Chairman, The Initiates Plc; Oscar Onyema, Chief Executive Officer, The Nigerian Stock Exchange (NSE) and Ossai Reuben Mustapha, Managing Director/CEO, The Initiates Plc at the listing of The Initiates Plc at the Exchange on Tuesday.  

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Zenith Bank records N100bn profit after tax With a 20.4 per cent appreciation in profit after tax, Zenith Bank Plc has announced a cumulative N100billion profit for the nine months ended September 30, 2016, compared to N83billion recorded for the same period in 2015. The bank ended the period with a profit before tax of N121.2bn, showing an increase of …

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OTC Market records 5.45 % decline YoY in September   Turnover of transactions carried out in the Fixed Income and Currency (FIC) markets for the month of September 2016 amounted to ₦10.85trn; an increase of 11.30 per cent (₦1.10trn) over the value recorded in August and a 5.45 per cent (₦0.63trn) decline Year on Year (YOY). Activities in the Foreign …

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NSE Named Most Innovative Stock Exchange in Africa 2016  The Nigerian Stock Exchange (NSE or The Exchange) has emerged the Most Innovative Stock Exchange in Africa 2016. This award was presented to The Exchange by The Business Year Magazine on Monday, October 17, 2016 at the Stock Exchange House, Lagos. The Business Year Magazine Awards recognize different categories of players …

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Ecobank Revolutionize Digital Banking, Unveils Unified App Across 33 Countries   Ecobank has launched its Mobile App, an instant and convenient way of banking via the mobile phone. It is the first unified app delivered by any institution for use in 33 countries. Group CEO, Ade Ayeyemi, unveiled the new product at a huge launch in Lagos, which included customers, …

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  Nigeria Finance Minister, Kemi Adeosun opens London & Lagos Capital Markets conference  …Event brings together senior UK and Nigerian government officials, business leaders and global investor …Focus on building London-Lagos dual listing model and developing Nigerian capital markets   Friday Ekeoba Nigeria Finance Minister, Kemi Adeosun on Friday alongside the Minister of State for International Trade, London, Rt Hon. …

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