Stock Market

FBNQuest adopts GIPS standards to boost investor confidence

FBNQuest adopts GIPS standards to boost investor confidence    The Punch 'Femi Asu FBNQuest Asset Management, a subsidiary of FBNQuest Merchant Bank and part of the FBN Holdings Plc group, has announced its compliance w... read more

Banks, others pay N578.114bn dividends to shareholders

Banks, others pay N578.114bn dividends to shareholders    The Punch Fifty companies, including banks, listed on the Nigerian Stock Exchange have issued dividends to their investors, although the payments were descri... read more

Meet the owners of MTN Nigeria and their stakes in the ICT firm

Meet the owners of MTN Nigeria and their stakes in the ICT firm    Pulse Nigeria The owners of MTN Nigeria revealed. MTN Nigeria's listing memorandum document seen by Business Insider SSA by Pulse shows that Nigerian billionaire, ... read more

FBNQuest strengthens investor confidence through compliance with GIPS

FBNQuest strengthens investor confidence through compliance with GIPS    Vanguard FBNQuest Asset Management, a subsidiary of FBNQuest Merchant Bank and part of the FBN Holdings Plc group, announces compliance with the Global ... read more

MTN Nigeria borrows another N200 billion from 7 local banks - the 8th syndicated loan since 2001

MTN Nigeria borrows another N200 billion from 7 local banks - the 8th syndicated loan since 2001    Pulse Nigeria MTN Nigeria Communications Plc signs a new 7-year N200 billion Medium Term Facility with a consortium of seven local banks; The loan facility, MTN Nigeria ... read more

Nigeria: MTN Lists On Nigeria's Bourse, Offers Citizens 20% Stake

Nigeria: MTN Lists On Nigeria's Bourse, Offers Citizens 20% Stake    AllAfrica.com Africa's telecommunication giant MTN has finally listed in the Nigerian Stock Exchange (NSE) in a N2 trillion ($6.54 billion) flotation. The telco's stock on ... read more

Stock market opens week with N221bn gain

Stock market opens week with N221bn gain    The Punch Feyisayo Popoola The nation's stock market opened the week with a N221bn gain on Monday as it sustained the positive momentum witnessed since Thur... read more

FBN Holdings Plc. Reports Gross Earnings of N145.8bn in Q1 2019

FBN Holdings Plc. Reports Gross Earnings of N145.8bn in Q1 2019    Proshare Nigeria Limited FBN Holdings Plc. (“FBNH” or “FBNHoldings” or the “Group”) today announces its unaudited results for the three months ended 31 March 2019. read more

Analysts expect profit-taking as stocks sustain rally

Analysts expect profit-taking as stocks sustain rally    The Punch 'Femi Asu The nation's stock market sustained its bullish run on Thursday, with analysts saying there might be some profit-taking activity in subs... read more

Edited Transcript of FBNH.LA earnings conference call or presentation 26-Apr-19 2:00pm GMT

Edited Transcript of FBNH.LA earnings conference call or presentation 26-Apr-19 2:00pm GMT    Yahoo Finance Q4 2018 & Q1 2019 FBN Holdings PLC Earnings Call. read more

FBN Holdings profit rose by 31.4%

FBN Holdings profit rose by 31.4%    The Punch Nike Popoola FBN Holdings Plc has said its profit after tax rose by 31.4 per cent to N59.7bn at the end of December 2018, from N45.5bn in the corr... read more

Shareholders approve FBN Holdings’ N9.33bn dividend payment

Shareholders approve FBN Holdings’ N9.33bn dividend payment    The Punch Shareholders of FBN Holdings Plc have approved a dividend payment of 26 kobo per 50 kobo ordinary share, which amounts to N9.33bn for the 2018 fina... read more

Nigeria Has a New Biggest Bank After Access-Diamond Deal

Nigeria Has a New Biggest Bank After Access-Diamond Deal    Bloomberg Access Bank Plc is now Nigeria's biggest lender after its takeover of Carlyle Group LP-backed Diamond Bank Plc. Lagos-based Access leapfrogged FBN ... read more

FBN Holdings to intensify effort on loan recovery, forestall new NPL

FBN Holdings to intensify effort on loan recovery, forestall new NPL    Vanguard FBN Holdings Plc has said it would intensify effort to recover all outstanding legacy loans as well as lsothe financial year ended December 31, 2018. read more

UK Eke: Accolade For A Renown Banker

UK Eke: Accolade For A Renown Banker    Leadership Newspaper UK Eke: Accolade For A Renown Banker The group managing director, FBN Holdings, Mr. Urum Kalu Eke also known as UK Eke has continued to create a ... read more

FBNQuest to transfer shareholding interest to FBNHoldings

FBNQuest to transfer shareholding interest to FBNHoldings    The Punch Feyisayo Popoola FBNQuest Trustees Limited has announced the transfer of its shareholding interest from FBNQuest Capital Limited to the parent com... read more

FBNQuest Proposed Transfer of FBNQuest Trustees Limited to FBN Holdings Plc

FBNQuest Proposed Transfer of FBNQuest Trustees Limited to FBN Holdings Plc    Proshare Nigeria Limited This is to notify the Exchange and our stakeholders that FBNQuest Capital (a subsidiary of FBN Holdings PIc) has passed a resolution for a business ... read more

FBN Holdings Plc H1 2018 Conference Call and Earnings Presentation - The Key Takeaways

FBN Holdings Plc H1 2018 Conference Call and Earnings Presentation - The Key Takeaways    Proshare Nigeria Limited FBN Holdings Plc held its H1 2018 Investors and Analyst Conference Call Earnings Presentation. Proshare NG participated along with leading market analysts ... read more

FBN Holdings promises better returns

FBN Holdings promises better returns    The Nation Newspaper FBN Holdings Plc will surpass its previous performance in the current business year and ensure regular and better returns to shareholders. read more

FBN Holdings Awarded For Best Corporate Governance

FBN Holdings Awarded For Best Corporate Governance    Leadership Newspaper FBN Holdings Plc has been awarded the 2019 Best Corporate Governance in Nigeria Award by World Finance, the voice of the global market renowned for its ... read more

Effective funding optimisation lifts 14 banks Q1 net profit by N256 billion

Effective funding optimisation lifts 14 banks Q1 net profit by N256 billion    Guardian Nigeria Effective funding opimisation and drive for efficiency have enhanced profit goals of 14 listed banks, as they achieved cumulative profit of N256.088 billion... read more

FBNH Holds 7th AGM; Shareholders Laud FY2018 Financial Performance; Approves 26k Dividend

FBNH Holds 7th AGM; Shareholders Laud FY2018 Financial Performance; Approves 26k Dividend    Proshare Nigeria Limited FBN Holdings Plc today hosted its 7th Annual General Meeting in Lagos, where shareholders commended the board and management for an improved FY 2018 ... read more

Shareholders commend FBNHoldings and believe the future is bright

Shareholders commend FBNHoldings and believe the future is bright    Guardian Nigeria The shareholders of FBN Holdings Plc have been assured of a brighter future and enhanced dividend at the 7th Annual General Meeting (AGM) in Lagos. read more

Trading sustains positive on NSE, up by 1.74%

Trading sustains positive on NSE, up by 1.74%    Guardian Nigeria The Nigerian equities on Monday extended positive stance with the crucial market indicators appreciating by 1.74 per cent. The News Agency of Nigeria (NAN) ... read more

FBN Holdings earns N293.3b

FBN Holdings earns N293.3b    The Nation Newspaper FBN Holdings Plc yesterday announced its unaudited results for the six months ended June 30, 2018 with gross earnings of N293.3 billion. The earnings rose ... read more

Stock market rises further, investors gain N71bn

Stock market rises further, investors gain N71bn    The Punch Feyisayo Popoola. Investors gained N71bn in two consecutive days following the sustained positive performance of equities listed on the Nigerian Stock ... read more

FBNH Declares N59.74 bn PAT in 2018 Audited Result,(SP:N7.80k)

FBNH Declares N59.74 bn PAT in 2018 Audited Result,(SP:N7.80k)    Proshare Nigeria Limited FBN Holdings Plc, Banking company in Financial Services sector announced 7.5% Interest Income decline in Q4'18 Result. read more

FBN Holdings targets increased shareholder returns

FBN Holdings targets increased shareholder returns    Punchng 'Femi Asu. FBN Holdings Plc has said it will consolidate on the progress made last year to deliver a strong and sustainable performance that enhances returns to ... read more

FBN Holdings mulls foreign listings as First Bank clocks 125

FBN Holdings mulls foreign listings as First Bank clocks 125    Daily Trust One of Nigeria's oldest financial institutions, First Bank Plc, has disclosed that it is considering going public in other countries. This came as the institution ... read more

Nigeria Softens Rules Shielding Banks From Wireless Rivals

Nigeria Softens Rules Shielding Banks From Wireless Rivals    Bloomberg Nigeria is preparing rules that will allow wireless carriers to transfer cash, softening a previous policy that protected the turf of banks in Africa's most populous ... read more

Stock market declines further as 28 firms lose

Stock market declines further as 28 firms lose    The Punch draws closer to two-year low Feyisayo Popoola The nation's stock market declined further on Tuesday as bearish sentiments persisted, making in... read more

FBN Holdings Plc - Regaining its Mojo; Upgrade to Strong BUY

FBN Holdings Plc - Regaining its Mojo; Upgrade to Strong BUY    Proshare Nigeria Limited Across our Tier 1 banking universe, we beam our spotlight on FBN Holdings (FBNH). The bank trades at a P/B of 0.7x compared to peer average of 1.4x, and its ... read more

FBN Holdings Plc FY 2017 and Q1 2018 Conference Call and Earnings Presentation - The Key Takeaways

FBN Holdings Plc FY 2017 and Q1 2018 Conference Call and Earnings Presentation - The Key Takeaways    Proshare Nigeria Limited FBN Holdings Plc held its FY 2017 and Q1 2018 Investors and Analyst Conference Call Earnings Presentation. Proshare NG participated along with leading ... read more

Bank stocks see biggest fall in 20 months

Bank stocks see biggest fall in 20 months    The Punch Feyisayo Popoola with agency report The Nigerian banking stocks slumped the most since June 2016 a day after the re-election of President Muhammad... read more

FBNQuest wins recognition for investment banking, others

FBNQuest wins recognition for investment banking, others    The Punch 'Femi Asu FBNQuest Merchant Bank, FBNQuest Asset Management and FBNQuest Securities, all members of the FBN Holdings Plc, have emerged as winners . read more

MTN lists on Nigeria's bourse, offers citizens 20pc stake

MTN lists on Nigeria's bourse, offers citizens 20pc stake    The East African Africa's telecommunication giant MTN has finally listed in the Nigerian Stock Exchange (NSE) in a N2 trillion ($6.54 billion) flotation. The telco's stock on ... read more

FBNH Declares N13.5bn PAT in Q2 2018 Results,(SP:N10.00k)

FBNH Declares N13.5bn PAT in Q2 2018 Results,(SP:N10.00k)    Proshare Nigeria Limited FBN Holdings Plc, Banking company in Financial Services sector announced 1.6% Gross Earning growth in Q2'18 Results. read more

FBNQuest Asset Management highlights investment opportunities

FBNQuest Asset Management highlights investment opportunities    Punchng FBNQuest Asset Management, a subsidiary of FBN Holdings Plc, has announced the commencement of an investment awareness campaign tagged, ... read more

Fitch Revises Outlook on FBNH to Positive; Affirms at 'B-' - african

Fitch Revises Outlook on FBNH to Positive; Affirms at 'B-'    african-markets.com Fitch Ratings has revised the Outlook on the Long-Term Issuer Default Ratings (IDR) of FBN Holdings Plc (FBNH) and its primary operating company, First Bank ... read more

FBN Holdings shares fall after 178.8% profit growth

FBN Holdings shares fall after 178.8% profit growth    Vanguard By Nkiruka Nnorom The shares of FBN Holdings Plc fell by 8.96 percent at the close of trading today despite 178.8 percent growth in its Profit After Tax, PAT, ... read more

FBN Holdings PLC: Weaker Q4 Drives FY'17 Earnings Miss; BUY with TP Of N15:88

FBN Holdings PLC: Weaker Q4 Drives FY'17 Earnings Miss; BUY with TP Of N15:88    Proshare Nigeria Limited FBNH released its long-awaited FY'17 results, posting mixed performance across major earnings lines. Particularly, Gross Earnings rose 2% y/y to ₦595 billion ... read more

First Bank Nigeria Sees Faster Growth Buoying More Lending

First Bank Nigeria Sees Faster Growth Buoying More Lending    Bloomberg Nigeria's biggest bank by revenue expects lending to accelerate and bad debts to drop this year as growth in Africa's largest economy picks up. read more

Bank shares push stock market lower

Bank shares push stock market lower    The Punch Feyisayo Popoola Bank shares dragged the nation's stock market into its fourth consecutive day of losses as investors lost N20bn on Thursday. Th... read more

FBNQuest highlights role in Notore’s listing

FBNQuest highlights role in Notore’s listing    Punchng 'Femi Asu FBNQuest Merchant Bank, the investment banking and asset management subsidiary of FBN Holdings Plc, has said it acted as the lead finan... read more

Legals for June 13, 2019 | Public notices

Legals for June 13, 2019 | Public notices    The West Volusia Beacon NOTICE OF DEFAULT. AND INTENT TO FORECLOSE. Claims of Lien for Assessments (each, a “Lien,” collectively the “Liens”) were recorded in the Public ... read more

FBNQuest Merchant Bank supports fight against cancer

FBNQuest Merchant Bank supports fight against cancer    Punchng FBNQuest Merchant Bank, the investment banking and asset management subsidiary of FBN Holdings Plc, said it had continued to drive partnerships wit... read more

Investors lose N713bn in April as stock market tumbles

Investors lose N713bn in April as stock market tumbles    The Punch Feyisayo Popoola Investors in the nation's stock market lost N713bn in April as the stock market declined further, recording a N135bn loss on Tues... read more

FBNQuest Merchant Bank reports N6.17bn profit

FBNQuest Merchant Bank reports N6.17bn profit    Punchng Stanley Opara FBNQuest Merchant Bank, the investment banking and asset management group of FBN Holdings Plc, has declared a profit before tax of N... read more

Investors lose N517bn in post-election trading

Investors lose N517bn in post-election trading    The Punch Feyisayo Popoola Investors in the nation's stock market lost N517bn in 12 days. The investors lost N289bn after the presidential and National As... read more

Fitch Affirms FBN Holdings Plc and First Bank of Nigeria at ''B-''; Outlook Negative

Fitch Affirms FBN Holdings Plc and First Bank of Nigeria at ''B-''; Outlook Negative    Proshare Nigeria Limited Fitch Ratings has affirmed the Long-Term Issuer Default Ratings (IDR) of FBN Holdings Plc (FBNH) and First Bank of Nigeria Ltd (FBN). The Outlooks are ... read more

FBN Holdings announce new appointments

FBN Holdings announce new appointments    P.M. News FBN Holdings on Tuesday announced the appointment of Mr Olawale Ariyibi as Chairman of the Board, FBNQuest Capital Ltd; and Mr Tijanni Borodo as ... read more

FBN Holdings Plc - Remediating the past, reinvigorated to unlock value

FBN Holdings Plc - Remediating the past, reinvigorated to unlock value    Proshare Nigeria Limited Following our meeting with the Chief Executive Officer of First Bank Nigeria & Subsidiaries and consequently a detailed understanding of the bank's medium ... read more

Meet the 7 most powerful women in Nigeria's financial industry

Meet the 7 most powerful women in Nigeria's financial industry    Pulse Nigeria Business Insider Sub-Saharan Africa looks at the 7 most powerful women in Nigeria's financial industry. Business magnate and CEO Chair Centre; Ibukun ... read more

FIL Ltd Has $299.59 Million Holdings in Elastic NV (NYSE:ESTC)

FIL Ltd Has $299.59 Million Holdings in Elastic NV (NYSE:ESTC)    Tech Know Bits FIL Ltd increased its stake in shares of Elastic NV (NYSE:ESTC) by 203.3% during the first quarter, according to the company in its most recent filing with the ... read more

First Bank - Mixed Performances Amidst Impressive Top Line Growth

First Bank - Mixed Performances Amidst Impressive Top Line Growth    Proshare Nigeria Limited FBNH released its H1'18 results, reporting an improvement on the unconvincing start from Q1'18. Top and bottom line both came in ahead of our estimates with ... read more

FBNQuest Merchant Bank Holds 4th AGM; Hints on Strategic Direction For 2019

FBNQuest Merchant Bank Holds 4th AGM; Hints on Strategic Direction For 2019    Proshare Nigeria Limited At the just concluded 4th Annual General Meeting of FBNQuest Merchant Bank, the Chairman, FBNQuest Merchant Bank, Mallam Bello Maccido, hinted on the ... read more

First Bank Holds 125km Walk to Mark 125th Anniversary

First Bank Holds 125km Walk to Mark 125th Anniversary    Proshare Nigeria Limited As part of activities to mark its 125th Anniversary, Nigeria's premier financial institution First Bank organized a 125km relay walk across its branches and ... read more

First Bank's Kicks Off 125th Anniversary Celebration With an Official Hosting of its Ceremonial Flag

First Bank's Kicks Off 125th Anniversary Celebration With an Official Hosting of its Ceremonial Flag    Proshare Nigeria Limited Nigeria's Oldest financial institution First Bank Nigeria, today flagged off activities for its 125 th anniversary celebration in Lagos. This was marked with the official ... read more

FBNH, Diamond Bank, others miss annual results deadline

FBNH, Diamond Bank, others miss annual results deadline    Punchng 'Femi Asu FBN Holdings Plc, Diamond Bank Plc, Linkage Assurance Plc and International Breweries Plc on Wednesday gave the reasons for the delay in... read more

First Bank holds walk ahead of anniversary

First Bank holds walk ahead of anniversary    The Punch Nike Popoola As part of activities to mark the 125th anniversary of First Bank Nigeria Limited, the bank organised a 125km relay walk across the c... read more

Stock Market Sheds N292bn on Bearish Sentiments

Stock Market Sheds N292bn on Bearish Sentiments    THISDAY Newspapers Bearish sentiments ruled the stock market last week despite positive earnings released by some listed companies. The market had appreciated the previous ... read more

Stock market rebounds on N16.5bn gain

Stock market rebounds on N16.5bn gain    The Punch Feyisayo Popoola The Nigerian stock market witnessed a rebound on Wednesday as 24 stocks led by Livestock Feeds Plc recorded price appreciation. ... read more

Fitch Revises 4 Nigerian Banks' Outlook to Negative; Affirms 10 IDRs

Fitch Revises 4 Nigerian Banks' Outlook to Negative; Affirms 10 IDRs    Reuters The following statement was released by the rating agency) Link to Fitch Ratings' Report: Fitch Affirms Ratings on 10 Nigerian Banks - Rating Action Report ... read more

World savings day: FBN promotes financial literacy in schools

World savings day: FBN promotes financial literacy in schools    Vanguard OFFICIALS of First Bank of Nigeria Limited and FBNQuest Merchant Bank, both subsidiaries of FBNHoldings Plc, joined the rest of the world on October 31, ... read more

Why FirstBank is rolling out the drums to mark 125th anniversary

Why FirstBank is rolling out the drums to mark 125th anniversary    Vanguard When the management of First Bank of Nigeria Limited hoisted its flag on March 1, across Nigeria and other countries where it operates, symbolising the ... read more

FBNH Plc - Attractively Priced As Concerns Are Overcooked, Strong BUY

FBNH Plc - Attractively Priced As Concerns Are Overcooked, Strong BUY    Proshare Nigeria Limited We maintain our STRONG BUY rating on FBN Holdings (FBNH) with a revised FVE of N14.40/share (from N16.69/share) due to our lower loan book forecast ... read more

Stock market investors lose N89bn as sell-offs persist

Stock market investors lose N89bn as sell-offs persist    The Punch Feyisayo Popoola The nation's stock market continued its downward trend as investors recorded more losses at the end of trading on the floor of t... read more

FBN Holding Plc outlines robust 2017-2019 strategy at its 5th AGM

FBN Holding Plc outlines robust 2017-2019 strategy at its 5th AGM    Proshare Nigeria Limited Nigeria's largest financial institution FBN Holdings Plc at its 5th Annual General Meeting in Lagos, outlined a robust financial services strategy that will cover the ... read more

Stock market rebounds, investors gain N80bn

Stock market rebounds, investors gain N80bn    The Punch Feyisayo Popoola The stock market witnessed a rebound on Tuesday as the investors gained N80bn. The market capitalisation of equities listed on t... read more

Kosoko is FBNHoldings new Company Secretary

Kosoko is FBNHoldings new Company Secretary    Daily Trust FBN Holdings Plc has announced the appointment of Oluseye Kosoko as Company Secretary subject to regulatory approval. Tijjani Borodo, the out-going ... read more

FBNQuest wins multiple awards, shines at emea finance 2018 african banking awards

FBNQuest wins multiple awards, shines at emea finance 2018 african banking awards    Vanguard FBNQuest Merchant Bank, FBNQuest Asset Management and FBNQuest Securities, all members of the FBNHoldings Group, have emerged as winners in ... read more

FBN Holdings, WIMBIZ partner

FBN Holdings, WIMBIZ partner    The Nation Newspaper First Bank of Nigeria Limited and FBNQuest Merchant Bank Limited, both subsidiaries of FBN Holdings Plc have partnered Women in Management, Business ... read more

First Bank To Redeem $300m International Capital Debt Notes

First Bank To Redeem $300m International Capital Debt Notes    Leadership Newspaper The board of FBN Holdings Plc said First Bank of Nigeria Limited, its largest subsidiary, plans to exercise its option to call the $300 million 8.25 per cent ... read more

Nigeria: NSE All-Share Index Falls 0.79 Percent On Lingering Negative Sentiments

Nigeria: NSE All-Share Index Falls 0.79 Percent On Lingering Negative Sentiments    AllAfrica.com The Nigeria bourse remained on the downbeat as negative sentiments lingers. At the close of trading yesterday, the Nigerian Stock Exchange (NSE) All-Share ... read more

FBNH Declares N40.01bn Profit in 2017 Audited Results; Proposes 25k Dividend,(SP:N13.40k)

FBNH Declares N40.01bn Profit in 2017 Audited Results; Proposes 25k Dividend,(SP:N13.40k)    Proshare Nigeria Limited FBN Holdings Plc, Banking company in Financial Services sector announced 15.9% Interest Income growth in Q4'17 Results. read more

Investments in banks decline as stocks tumble

Investments in banks decline as stocks tumble    The Punch Feyisayo Popoola Investment in the banks listed on the Nigerian Stock Exchange declined on Monday as the shares tumbled by 0.9 per cent due to... read more

11 Banks Make N621.8bn Profit In 9 Months

11 Banks Make N621.8bn Profit In 9 Months    Leadership Newspaper 11 Banks Make N621.8bn Profit In 9 Months Eleven banks in the first nine months of 2018 made joint profit after tax (PAT) of N621.79 billion, a 15.3 per cent ... read more

Moody's Affirms Deposit Ratings Of First Bank Of Nigeria; Changes Outlook To Stable, From Negative

Moody's Affirms Deposit Ratings Of First Bank Of Nigeria; Changes Outlook To Stable, From Negative    Proshare Nigeria Limited Moody's Investors *Service* has today affirmed First Bank of Nigeria Limited's (FBN) B2/Not Prime long-term and short-term local currency deposit ratings and the ... read more

Otudeko wants more business roles for women

Otudeko wants more business roles for women    Punchng Anna Okon. The Chairman, Honeywell Group and Group Chairman, FBN Holdings Plc, Dr. Oba Otudeko, has stressed the need for active gender sensitivity in ... read more

The most valuable companies by market cap in Nigeria in 2018

The most valuable companies by market cap in Nigeria in 2018    Pulse.com.gh Business Insider SSA by Pulse looks at the economic activities of large-cap stocks on the Nigerian market and brings to you the top 10 valuable companies by ... read more

Stock market investors lose N528bn in three days

Stock market investors lose N528bn in three days    The Punch Feyisayo Popoola Investors in the nation's stock market lost a total of N5228bn in the last three consecutive days of trading on the floor of the ... read more

Stock market drops slightly as 13 firms lose

Stock market drops slightly as 13 firms lose    Punchng Feyisayo Popoola The Nigerian Stock Exchange All-Share Index dropped by 0.02 per cent at the close of trading on Wednesday after 13 stocks closed ... read more

Investors lose N27.89bn as stock market drops further

Investors lose N27.89bn as stock market drops further    The Punch Investors in the nation's equities market lost N27.89bn as the market dropped further on Wednesday. The market closed in the red as the gains recorded in ... read more

Zenith Bank, UBA, 9 Others Paid More Taxes In 2018

Zenith Bank, UBA, 9 Others Paid More Taxes In 2018    Leadership Newspaper Zenith Bank, United Bank for Africa and 9 other deposit money banks in the country paid more to the government in taxes in 2018 compared to what they paid in ... read more

Stock market records highest daily loss in eight months

Stock market records highest daily loss in eight months    Punchng Feyisayo Popoola. The nation's equities market recorded its highest daily loss in eight months at the close of trading on the floor of the Nigerian Stock Exchange ... read more

Top banks struggle to grow earnings,profitability

Top banks struggle to grow earnings,profitability    Vanguard AVERSION for credit risk may have begun to take more serious toll on top banks in Nigeria, otherwise referred to as tier-1 banks. read more

American International Group Inc. Trims Stake in Anaplan Inc (NYSE:PLAN)

American International Group Inc. Trims Stake in Anaplan Inc (NYSE:PLAN)    Mayfield Recorder American International Group Inc. reduced its position in Anaplan Inc (NYSE:PLAN) by 3.1% in the 1st quarter, according to its most recent filing with the SEC. read more

Yuletide: Stock market sell-off worsens

Yuletide: Stock market sell-off worsens    The Punch Feyisayo Popoola Investors in the nation's stock market have continued to sell off their holdings as Yuletide approaches. The sell-off in the mar... read more

FBN Holdings renames merchant banking, asset management coys

FBN Holdings renames merchant banking, asset management coys    Daily Trust FBN Holdings Plc has announced the renaming of all entities under its Merchant Banking and Asset Management group. These are FBNQuest Merchant Bank, ... read more

Nigeria: Nine Listed Banks Pay N643.6 Million for Infractions

Nigeria: Nine Listed Banks Pay N643.6 Million for Infractions    AllAfrica.com The nine commercial banks that were sanctioned by financial regulatory bodies in the country have paid a total sum of N643.621 million fine for infractions in ... read more

FBNH Declares N14.8bn PAT in Q1 2018 Results,(SP:N12.45k)

FBNH Declares N14.8bn PAT in Q1 2018 Results,(SP:N12.45k)    Proshare Nigeria Limited FBN Holdings Plc, Banking company in Financial Services sector announced 1.5% Gross Earning decline in Q1'18 Results. read more

Botty Investors LLC Purchases New Position in Elastic NV (NYSE:ESTC)

Botty Investors LLC Purchases New Position in Elastic NV (NYSE:ESTC)    Rockland Register Botty Investors LLC bought a new stake in shares of Elastic NV (NYSE:ESTC) in the 1st quarter, according to its most recent disclosure with the Securities ... read more

FBN Holdings, FBN Bank Ghana call on Mahama

FBN Holdings, FBN Bank Ghana call on Mahama    Myjoyonline.com THE Group Board Chairman of FBN Holdings Plc, Dr. Oba Otudeko CFR and Directors of FBN Holdings have paid a courtesy call on the President of the ... read more

FBN Holdings announces new board appointments

FBN Holdings announces new board appointments    Daily Post Nigeria FBN Holdings Plc, the leading and most diversified financial services group in Nigeria, has announced new Board appointments in the FBN Holdings Group, eff. read more

FBN, Fidelity Bank, Zenith Bank top equities’ trade

FBN, Fidelity Bank, Zenith Bank top equities’ trade    Punchng Stanley Opara FBN Holdings Plc, Fidelity Bank Plc and Zenith International Bank Plc (measured by volume) accounted for 958.742 million shares wor... read more

NSE sanctions eight banks with N102m fines

NSE sanctions eight banks with N102m fines    The Punch Feyisayo Popoola The Nigerian Stock Exchange has sanctioned eight banks with fines totalling N102.7m for failing to file their financial statement... read more

7 banks pay N144.99m fine to regulators in 2018

7 banks pay N144.99m fine to regulators in 2018    Guardian Nigeria Seven banks quoted on the Nigerian Stock Exchange (NSE) paid N144.99 million as fines to regulators in 2018 for various contraventions. read more

FirstBank At 125: Stronger With Age

FirstBank At 125: Stronger With Age    Leadership Newspaper FirstBank At 125: Stronger With Age First Bank of Nigeria last month celebrated its 125th anniversary and launched itself into the next 125 years with a series of ... read more

Equities open with N141b loss

Equities open with N141b loss    The Nation Newspaper Nigerian equities opened this week with a net loss of N141 billion. All major indices at the Nigerian Stock Exchange ( NSE ) trended downward in... read more

Nigerian Banking Industry Seen in 'Full-Blown' Credit Crisis

Nigerian Banking Industry Seen in 'Full-Blown' Credit Crisis    Bloomberg Nigeria's banking industry is experiencing a “full-blown financial crisis” as failed fiscal and monetary policies lead to a credit crunch, according to Arqaam Capital ... read more