Tag Archives: NSE

Guaranty Trust Bank (GTB) Plc has posted a profit of N125.58 billion for the third quarter ended September 30, 2017. This is contained in the bank’s filling at the Nigerian Stock Exchange NSE on Wednesday. The report showed that the profit represented a growth of N8.49 billion or 7.21 per cent as against N117.08 billion achieved in the corresponding period …

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Zenith Bank’s Q3 2017 results which have just been published show low single digit y/y declines in both PBT and PAT. Although profit before provisions of N114bn showed a greater decline (-8% y/y),  those on the provisions and opex lines proved significant, helping to limit the decline on the PBT line. Both revenue lines contributed to the decline in profit …

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Customers of ALAT, Nigeria’s first fully digital bank are set to enjoy the best of times with the Bank that is committed to understanding their needs and offering them great deals. The Bank which recently celebrated 100,000 accounts after just 5 months of operation, is offering its customers discounts of up to 30 percent on purchases made with its cards. …

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Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture, NACCIMA, yesterday, charged the Federal Government not to borrow to finance recurrent expenditures. NACCIMA, in lending its voice to recent moves by the federal government to borrow $5.5 billion to finance the 2017 budget, stated: “The association once again asserts its position on the nation’s increasing debt profile; that if …

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Folake Sokoya Shareholders of Oando Plc on Thursday commended the Securities and Exchange Commission (SEC) resolve to investigate allegation leveled against the management of the company. Reacting to the development, National Coordinator Progressive Shareholders Association of Nigeria, Mr. Boniface Okezie said the decision will restore investors’ confidence in the capital market. SEC had of Wednesday directed the Nigerian Stock Exchange …

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…To respond officially soon Following the company’s shares suspension on the floor of the Nigerian Stock Exchange (NSE)) on Wednesday, the management of Oando Plc has reintetated its commitment to continue to act in the best interest of its shareholders. The Securities and Exchange Commission (SEC), hard earlier in the day through a circular directed the NSE to suspend trade …

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The Nigerian Stock Exchange (NSE) is pleased to announce that it has donated a school to the Borno State Government as part of its Corporate Social Responsibility (CSR) programme, to help Internally Displaced Persons (IDPs). The school, Maisandari Alamderi Model Nursery and Primary School, located in the Abuja Talakawa District of Maiduguri, comprises two blocks of nine classrooms that will …

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The Nigerian Stock Exchange (NSE) has suspend trading in the shares of Oando Plc, effective for forty eight hours from today October 18 to 20, 2017. The suspension follows the Securities and Exchange Commission (SEC) directive to the self regulatory body. According to a statement from the NSE, which was signed by Tinuade Awe, General Counsel / Head of Regulation, …

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In what market operators has since described as a plus to the stock market, the Board of Central Security Clearing System (CSCS) has appointed Mr. Haruna Jalo Waziri as the substantive Chief Executive Officer of the Clearing House. Waziri will be taking over from Mr. Bola Adeeko who as acting Chief Executive Officer have been piloting the affairs of the …

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Union Bank Plc has said that its capital raising of N50 billion through Right Issue is geared towards expanding the bank’s operation through technology, optimizing its area of strength in Agriculture as well as creating further millage on its outstanding products for the younger segment of the society. Addressing the Capital Market stakeholders on the Lagos floor of the Nigerian …

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