Nigerian equity market appreciates 0.7% this week

The Nigerian Stock (NSE) posted a better performance during this week’s trading session than the previous week as the NSE All-Share Index and Market Capitalization appreciated by 0.70 per cent to close at 32,766.37 and N11.962 trillion respectively. The bourse lost -2.17 per cent to close Friday’s trading at 35446.47 points. Niger Insurance, which More...

by Felix OLOYEDE | Published 2 months ago
By Felix OLOYEDE On Wednesday, September 26th, 2018
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Fee income pushes Fidelity Bank profit up 31% in H1 2018

Nnamdi Okonkwo, CEO, Fidelity Bank Plc FELIX OLOYEDE Double digit growth in earning assets, deposits and fee income spurred Fidelity Bank to improve its profit in the first six months of 2018. The Bank grew its More...

By Felix OLOYEDE On Tuesday, September 25th, 2018
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RMB seeks improved awareness on financial inclusion

The Chief Operating Officer of Rand Merchant Bank Nigeria (RMB), Mr. Funso Odukoya, has called for increased awareness on issues around financial inclusion in the country. Odukoya spoke during a panel session at More...

By Felix OLOYEDE On Tuesday, September 25th, 2018
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NDIC MD Emerges IADI Africa Regional Committee Chair

L-R: Former CEO, Deposit Protection Corporation of Zimbabwe, John Chikura and NDIC, MD/CE Umaru Ibrahim The Managing Director and Chief Executive of the Nigeria Deposit Insurance Corporation (NDIC), Umaru Ibrahim, More...

By Felix OLOYEDE On Monday, September 24th, 2018
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Nigerian bond market witnesses low demand

A slowdown in client demand characterizes the bond market on Monday, unlike sentiments witnessed for the most part of last week. This is on the back of expected renewed supply at the bond auction on Wednesday, More...

By Felix OLOYEDE On Sunday, September 23rd, 2018
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New Banks fight for survival 

By OKEY ONYENWEAKU A clutch of new financial institutions are beginning to slowly appear on Nigeria’s banking scene as the once fragile economy wriggles out of a recession that held sway between the middle of More...

By Felix OLOYEDE On Saturday, September 22nd, 2018
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Justice Kafarati explains why AMCON failed to recover N5.4trn debt

The Chief Judge of Federal High Court, Abuja Division, Hon. Justice Adamu Abdu Kafarati, has said there is a need for judges in Nigeria to support the recovery efforts of Asset Management Corporation of Nigeria More...

By Felix OLOYEDE On Friday, September 21st, 2018
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My Mandate Is To Deliver The Ecobank Brand Promise As Platform Of Choice In Nigeria – Akinwuntan

Patrick Akinwuntan, CEO, Ecobank Nigeria The Managing Director, Ecobank Nigeria, Mr Patrick Akinwuntan has reaffirmed that his mandate in Nigeria is to grow the Ecobank brand by delivering it as a brand of choice. More...

By Felix OLOYEDE On Friday, September 21st, 2018
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Experts blame shareholders as CBN revokes Skye Bank’s license

Godwin Emefiele, CBN Governor FELIX OLOYEDE The failure of Skye Bank shareholders to recapitalize the bank, which has been battling with acute liquidity challenges is responsible for the revocation of its operating More...