Tag Archives: NSE

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FCMB reports N140.7bn gross earnings in Q3 Despite the hash economic realities in the domestic economy, First City Monument Bank (FCMB) Group Plc yesterday reported N140.7 billion in gross earnings for the third quarter ended September 2016, 29 per cent above N109.3 billion recorded in the same period prior year. The group non-interest income stood at N44.8 billion, for Q3 …

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  Unclaimed Dividend: Investors Paid Over N29bn from November Last Year Till-Date -Gwarzo FRIDAY EKEOBA As part of the Securities and Exchange Commission (SEC) drive to reduce the unclaimed dividend in the domestic economy, Registrars of companies in the Nigerian capital market have paid over N29 billion to investors that have not been able to claim their dividend. The Director …

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SEC takes step at improving financial literacy…… Launches capital market journal  The Securities and Exchange Commission is set to improve the financial literacy of Nigerians as poor financial literacy has been identified as one of the factors responsible for the low level of financial inclusion in the country. This was disclosed by Director General of the Securities and Exchange Commission …

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CBN retains monetary policy rate at 14%, amidst deepening recession The Monetary Policy Committee of the Central Bank of Nigeria on Tuesday left the Monetary Policy Rate unchanged at 14 per cent. The CBN Governor, Mr. Godwin Emefiele, who announced the decision of the committee at the end of a two-day meeting held at the apex bank’s headquarters in Abuja, explained …

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UBA CFO, Finance Team Shines at CFO Awards Pan-African financial services group, United Bank for Africa Plc repeated the outstanding feat, it recorded last year at the 2nd edition of Nigeria CFO awards, but took it a notch higher when its Group Chief Financial Officer (GCFO) and the Finance Team bagged the treble at the awards night held on November …

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Nigeria’s economy shrinks by 2.2% in third quarter Despite claims of growth, the Nigeria’s economy in the third quarter contracted as businesses struggled to access foreign exchange and rebels continued to bomb oil pipelines in the restive south, official data showed Monday. “The nation’s gross domestic product (GDP) contracted by -2.24% year-on-year,” the country’s National Bureau of Statistics said in …

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