Capital Market

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NSE To Launch X-Mobile For More Investors’ Participation

Nigerian Stock Exchange (NSE), has said it is  launching X-Mobile, a dynamic and user-friendly mobile app, to enhance more investors’ participation in the Nigerian capital market. The NSE mobile app which is currently in its Beta state will be launched at the 2019 NSE Market Data Workshop taking place on Wednesday, September 11, 2019, at […]

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Access Bank Declares 25k Interim Dividend As First Post-Merger Half Year Profits Before Tax Hits N74.1bn

Access Bank Group’s maiden post merger profits audited half year results released to the Nigerian Stock Exchange (NSE), have been impressive, showing impressive digits across all indices, a feat which has led to the bank also declaring an interim dividend of 25 kobo per share to its shareholders. A breakdown of the group’s impressive performance […]

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Acting Dg Sec Mary Uduk (1)

SEC To Shareholders: Claim Your Dividends In Defunct Afribank

The Securities and Exchange Commission (SEC) has appealled to shareholders of the defunct Afribank Plc to claim their dividends. The apex regulatory authority of the Nigerian capital market, made this call as part of its investor protection programme and as well as ensure that shareholders get the benefits of investing in the capital market. According […]

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Nnamdi Okonkwo

Fidelity Bank Records 16% Increase In Half Year Profits

Nigeria’s major lender, Fidelity Bank Plc has delivered a strong financial performance in its first half year ended financial year, with a record double-digit growth in key revenue while it also recorded significant traction in digital banking, despite the country’s challenging and fiercely competitive business environment. Details of the audited half-year result for the period […]

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UBA Grows Half Year Profits By 21%, Pays Shareholders N0.20 Interim Dividend

Pan African financial institution, United Bank for Africa Plc has announced impressive growth across key performance indices, following significant contributions from its African subsidiaries to the institution’s audited half year ended June 2019 financial results. In spite of the increasingly unpredictable environment witnessed in some of its countries of operations, the pan African financial institution […]

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Ms Mary Uduk.

SEC’s E-Dividend net captures 2.7m Shareholders -Set To Release Commission’s Account

The Securities and Exchange Commission (SEC), the apex capital market regulatory authority has said that its e-dividend initiative has been  a huge success, as a total number of 2.7 million accounts of shareholders has been mandated for transmission to the platform as at Thursday August 22, 2019. Similarly, the commission’s account, which has not not […]

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Dangote Cement Regains NSE’s Biggest Firm Position

Dangote Cement Plc has regained the top spot as the biggest listed firm on the Nigerian Stock Exchange as sell-offs were witnessed in MTN Nigeria Communication Plc’s shares on Tuesday 20th of August. MTN Nigeria had on Monday, overthrew Dangote Cement, becoming the most capitalised company on the NSE just three months after its listing, […]

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DMO thtreaten to Deregister Over 50 Non-Performing Agents in Bonds Trading

The Debt Management Office has threatened to deregister several non-performing registered Distribution Agents for its retail Bonds on Nigerian Stock Exchange (NSE). This was disclosed by Mrs. Bose Olafisoye, who represented the head of the market department at the DMO, who, lamented that “a lot of (135 registered) Distribution Agents have not brought (pooled) in […]

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Emeka Emuwa

Union Bank Profit Growth continued In Half Year 2019 Medinat Ajibola

Nigeria’s major Financial institution, Union Bank of Nigeria Plc, has released its unaudited financial statement for the period ended June 30, 2019, which showed a sustained growth in profits. The result showed that the group profit after tax rose in the period by 3 percent from N11.5 billion in 2018 to N11.9 billion in the […]

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Ebenezer Onyeagwu

Zenith Bank New GMD Onyeagwu, Assures of Consolidation of Gains

The Group Managing Director of Zenith Bank Plc, Ebenezer Onyeagwu, has said that with him in the saddle as new CEO, the bank will continue with the tradition and vision of excellence o the founding father Jim Ovia, which has led to several gains for the bank, in financial industry in Nigeria. The Zenith Bank’s […]

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Traders work at the Nigerian Stock Exchange in Lagos

NSE re-opens trading week in red

Trading activities opened the week on a negative note, extending losses to the third consecutive trading session, as sell pressures in Union Bank of Nigeria (UBN), Zenith Bank and Wema Bank dragged the All Share Index (ASI) down by 0.06 per cent to settle at 31,125.39 points. Similarly, market capitalisation shed ₦7 billion to close […]

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Traders work at the Nigerian Stock Exchange in Lagos

NSE denies listing Lagos State Municipality Note

Contrary to reports that the Lagos State Government’s Municipality Note was issued under a ₦50 billion Medium Term Note Programme by Municipality Waste Management Contractors Limited, the Nigerian Stock Exchange (NSE) has denied listing the note on its platform. The Exchange, in a statement posted on its website, said its “attention has been drawn to […]

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