MARKETS

Skye Bank Plc received over N100 billion in liquidity from the Central Bank of Nigeria (CBN)  on July 4 to shore up its operations, its new Managing Director, Mr. Tokunmbo Abiru, has said. He told reporters on Friday that the CBN staff had been working at the bank for two...

The NSE All-Share Index and Market Capitalization of the Nigerian Stock Exchange (NSE) appreciated by 1.27 per cent to close the week at 28,009.93 and N9.620 trillion respectively  as against the depreciated  of 3.98 per cent to close the upper week at 27,659.44 and N9.500 trillion respectively. Investors recorded a...

Ecobank Nigeria has bagged an international certification for Greenhouse Gas Auditing. The  internationally acclaimed  ‘‘Built on GHG Protocol' certificate is the most widely used accounting tool issued by the World Resources Institute (WRI) and World Business Council for Sustainable Development (WBCSD). The Greenhouse Gas Auditing and Reporting was conducted on...

  Eyes N35bn new capital in second half Sterling Bank Plc showed steadiness and improved the intrinsic fundamentals of its businesses in the first half of this year as the Nigerian economy and the banking industry struggled with fiscal and monetary challenges that saw inflation and foreign exchange at their...

First City Monument Bank Group (FCMB) Plc has announced an impressive unaudited result and accounts for Half year (H1) ended June 30, 2016 with 89 per cent increase in Profit After Tax (PAT). The group reported that its PAT moved to N15.7 billion in H1 2016 from N8.3 billion in...

Market transactions on the Nigerian Stock Exchange (NSE) closed the week on negative note as investors recorded a loss of N2 billion as the Market Capitalisation closed the week at N9.631 trillion as against N9.633 trillion on Thursday even the All-Share Index closed on Friday at 28,042.99 from 28,046.96 on...

Continental Reinsurance Plc has reported a Profit Before Tax (PBT) of N2.92billion in its 2015 financial year, up from N1.59 billion the previous year, an increase of 84%. A statement from the firm and made available to Business247 News Online added that its gross premium income was N19.7 billion, up...

With decline in revenue and foreign exchange losses, Seplat Petroleum Development Company Plc, has announced a N12.8 billion loss for the half year (H1 2016) ended June 30, 2016 unaudited  results. The indigenous oil and Gas Company listed on both the Nigerian Stock Exchange and London Stock Exchange, had reported...

The National Insurance Commission (NAICOM) has approved the 2015 financial statements of 42 out of 44 insurance companies that have so far submitted their accounts for approval, Business247 News Online learnt today. While few of the firms whose accounts were approved had already done their Annual General Meetings, AGMs, others...

Zenith Bank Plc has joined Guaranty Trust Bank Plc and Access Bank Plc to delay half year ended June 30, 2016 result and accounts. The lender in a statement signed by company secretary, Michael Otu, to The Nigerian Stock Exchange (NSE) said, “in compliance with the post listing requirements of...