Category: Capital Market

FBN Holdings, Fidelity Bank and Skye Bank by volume accounted for 567.824 mn shares worth N3.456 bn  

In a statement issued by the management of the Nigerian Stock Exchange (The NSE) shortly after market closed for the week February 23, 2018 showed the Top Three Equities in volume as FBN Holdings Plc, Fidelity Bank Plc and Skye Bank Plc accounted for 567.824 million shares worth N3.456 billion in 4,891 deals, contributing 28.14%…

NSE, CBI Honour Companies and Directors for Passing Corporate Governance Rating Assessment

…. 437 individuals and 35 companies honoure ….Launches Corporate Governance Index The Nigerian Stock Exchange (NSE or Exchange) and The Convention on Business Integrity (CBi) held a certification ceremony for 35 companies and 437 directors that made it over the 70% threshold for the Corporate Governance Rating System (CGRS) process. The companies were awarded the…

Fall out of CBN’s Circular on Retained Earnings, Dividend Payout by Banks  

The central Bank of Nigeria, CBN said in its recent amended circular that globally, retained earnings have been identified as an important source of growing an institution’s capital. The circular which was signed by Ahmad Abdullahi, Director, Banking supervision department in the central bank contained some advantages of retained earnings include: being a source of…

NB Gross debt stands N8.5billion in 2017

Jordi Borrut Bel,  Managing Director/CEO, Nigerian Breweries PlcThe management of the Nigerian Breweries Plc (NB) in its results published for the period and year ended 31 December 2017. The results shown gross debt of N8.5 billion as at December 31, and while it is expect new Commercial Paper (CP) issuances is expected in this year, has modeled…

SEC Targets Increased Level of  Financial Inclusion by 2020

 L-R,   Research Department, National Pension Commission Mr Lasbery Lot, Representative of the Acting Director General Securities and Exchange Commission, Mr. Abdul Bello and Data Analyst Central Bank of Nigeria, Dr. Gazali Mohammed during the Financial Inclusion Sensitisation Programme held in Abuja at the weekendThe Securities and Exchange Commission (SEC) has said that it aims to…

Linkage Assurance, Skye Bank and FCMB Group Top Equities By Volume accounts 810m shares trade

The management of The Nigerian Stock Exchange (The NSE) trading floor for the week under review shown the top three equities traded in Volume which was led by Linkage Assurance Plc, an insurance firm and two financial institutions (Skye Bank Plc and FCMB Group Plc), accounted for 809.798 million shares worth N1.130 billion in 2,551…