Tag Archives: NSE

For the week ended October 27, 2017, trading in the shares of United Bank for Africa (UBA) Plc, Access Bank Plc and FBN Holdings Plc accounted for 515.058 million shares worth N4.458 billion in 3,088 deals.   Trading in the shares on the floor of Nigerian Stock Exchange (NSE) contributed 36.95% and 27.17% to the total equity turnover volume and value respectively.    At …

Read More »

The Central Securities Clearing System (CSCS) Plc recently announced in Lagos it would increase automation and improve efficiencies in the Nigerian capital market with the deployment of TCS BaNCS, a world class multi-asset class solution for securities depository, clearing and settlement. The solution replaced the NASDAQ Equator which has been in use since inception of the company in 1997. The …

Read More »

Royal Exchange Plc, Nigeria’s foremost financial services group is set to unlock new growth potentials that will increase consumer value and better returns on investment to its teaming shareholders. The company with interest in general insurance, life insurance, asset management, healthcare as well as micro finance banking is taking advantage of synergies, as a financial conglomerate in its new drive …

Read More »

Chairman of Board of Directors of Unity Bank Plc, Mr. Thomas Etuh has retired from the Bank’s Board with effect from October 4th, 2017 while the Board has also approved the appointment of Alhaji Aminu Babangida (the erstwhile Vice Chairman of the Board) as the new Chairman of the Board in line with the Bank’s succession plan. A statement from …

Read More »

Ecobank Transnational Incorporated (ETI) on Wednesday announced 12 per cent increase in profit for the nine months ended September 30, 2017 to N57.95 billion from N51.76 billion in nine months ended September 30, 2016. The pan-African financial institution profit before tax also rose by marginally by three per cent to N69.4 billion as against N67.5 billion in prior nine months …

Read More »

Photo Caption: The picture shows cross section of dignitaries at the London Stock Exchange Market Open Ceremony to kick start the 3rd edition of the LSE/NSE Capital Market Conference, co-hosted by London Stock Exchange and The Nigerian Stock Exchange in London today.

Read More »

The Debt Management Office (DMO) has revealed that the 10-year tenor bond issued in the just-concluded October auction recorded a 97 per cent oversubscription. The DMO, in a bond summary disclosed that the five-year tenor bond posted six per cent subscription, adding that of the N50 billion offered for each bond, the five-year tenor bond recorded N3 billion subscription from …

Read More »

For the nine months ended September 30, 2017, FBN Holdings has announced Profit after tax of N45.8 billion, up 7.8 per cent when compared with N42.5 billion recorded in 2016. Gross earnings is  N439.2 billion, up 5.2 per cent as against N417.4 billion in 2016 while Net-interest income is  N254.3 billion, up 25.3% y-o-y (Sept 2016: N202.9 billion) Also, operating expenses stood at  N175.3 billion, up 8.4% y-o-y (Sept …

Read More »

The Securities and Exchange Commission (SEC) said the attention of the Commission has been drawn to a publication by Sahara Reporters titled “How SEC Director-General Illegally Paid Self Severance Benefit, Awarded Contracts To His Companies”. SEC said it had been aware of the allegations contained in that article since January 2017 following the receipt of a petition to that regard. …

Read More »

Despite the challenging operating environment, Access Bank Plc, one of the leading tier one bank, has announced its third quarter (Q3) results for 2017 which reflect the Bank’s ability to generate sustainable earnings. The full service commercial bank with headquarters in Nigeria, has its other operations across Sub-Saharan Africa, the UK, Asia and the Middle East, According to the bank’s …

Read More »