Stock Market

Edited Transcript of FBNH.LA earnings conference call or presentation 30-Jul-19 10:59am GMT

Edited Transcript of FBNH.LA earnings conference call or presentation 30-Jul-19 10:59am GMT    Yahoo Finance Q2 2019 FBN Holdings PLC Earnings Call. Aug 7, 2019 (Thomson StreetEvents) -- Edited Transcript of FBN Holdings PLC earnings conference call or ... read more

FBN Holdings Plc - Unaudited Q2 19 Results Show Impact of Lower Provisioning and Rising Cost

FBN Holdings Plc - Unaudited Q2 19 Results Show Impact of Lower Provisioning and Rising Cost    Proshare Nigeria Limited FBN Holdings Plc (FBNH) released its unaudited Q2 19 result after close of trading yesterday, recording EPS growth of less than 1% QoQ to N0.44 (above our ... read more

FBN Holdings records N294.2bn gross earnings for H1’19

FBN Holdings records N294.2bn gross earnings for H1’19    Vanguard Nigeria News - FBN Holdings Plc, the parent company of FirstBank Nigeria Limited, yesterday, said it recorded gross earnings of N294.2 billion for. read more

Stock market reverts to losing trend, sheds N27.9bn

Stock market reverts to losing trend, sheds N27.9bn    The Punch Feyisayo Popoola The Nigerian stock market reverted to its bearish trend on Tuesday as it lost N27.9bn following sell-off... read more

FBN Holdings plans innovation week

FBN Holdings plans innovation week    The Nation Newspaper FBN Holdings Plc has plans to hold its Group Innovation Week. The week is to provide opportunities for members of the staff across the FBN Holdings Group to ... read more

FBN Holdings posts N294b half-year gross earnings

FBN Holdings posts N294b half-year gross earnings    The Nation Newspaper FBN Holdings Plc has posted N294.2 billion gross earnings for the half-year ended June 30, 2019. The figure represents 0.3 per cent year-on-year rise. read more

Stock market drops to two-year low

Stock market drops to two-year low    The Punch Feyisayo Popoola The Nigerian stock market on Wednesday dropped to a two-year low level as the All Share Index of stocks declined by 0.82 per cen... read more

Nigeria: Stock Prices' Free Fall Widens Investment Opportunities

Nigeria: Stock Prices' Free Fall Widens Investment Opportunities    AllAfrica.com The Nigerian equity market is offering long-term investors opportunities to invest as most of the stock prices have declined significantly below their opening ... read more

Stock market reverses losses, gains N7bn

Stock market reverses losses, gains N7bn    The Punch Feyisayo Popoola Investors in the nation's stock market recorded a slight gain of N7bn on Thursday as the market capitalisation of equities increa... read more

Stock market rebounds as 18 firms gain N19bn

Stock market rebounds as 18 firms gain N19bn    The Punch Feyisayo Popoola The equities market opened the week on a positive note as gains in Dangote Flour Mills Plc and 17 other stocks pushed the marke... read more

Stock market investors lose N1.37tn in seven months

Stock market investors lose N1.37tn in seven months    The Punch Feyisayo Popoola Investors in the nation's stock market have lost a total of N1.3tn in seven months, as the total market capitalisation of equitie... 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

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

Nigeria in 1min: Economic, Business and Financial Headlines – 310719

Nigeria in 1min: Economic, Business and Financial Headlines – 310719    Proshare Nigeria Limited NSR H2 2019 (10) - Inflation - A Tale Of Two Seasons - Consumer prices ticked up by 5bps to 11.32% over the first half of 2019, mirroring the conflict induced ... read more

Reinventing FirstBank Through Creativity And Innovation

Reinventing FirstBank Through Creativity And Innovation    Proshare Nigeria Limited For a financial institution of FirsBank's pedigree, it is not uncommon for its top managers to be creative and constantly innovative. Indeed, Dr. Adesola Adeduntan ... read more

9 banks scale CBN’s dividend hurdle, 4 fail

9 banks scale CBN’s dividend hurdle, 4 fail    Vanguard 9 banks scale CBN's dividend hurdle, 4 fail. By Peter Egwuatu. DIVIDEND pay-out in banks rose 12.6 percent for their financial year ended December 2018 ... 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

Banks, their customers and unending legal battles

Banks, their customers and unending legal battles    The Nation Newspaper Every year, banks and their customers engage in legal battle that can potentially cost trillions of naira in claims. ROBERT EGBE examines why the parties are ... 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

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

Aviva PLC Has $214.65 Million Stock Holdings in Alphabet Inc (NASDAQ:GOOGL)

Aviva PLC Has $214.65 Million Stock Holdings in Alphabet Inc (NASDAQ:GOOGL)    Mayfield Recorder Aviva PLC lowered its position in shares of Alphabet Inc (NASDAQ:GOOGL) by 1.0% during the 2nd quarter, according to the company in its most recent ... 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

MTN leads gainers’ chart, amid N2.95 interim dividend

MTN leads gainers’ chart, amid N2.95 interim dividend    Premium Times MTN Plc led the gainers' chart on Friday with N2 due to investors' reactions to N2.95 interim dividend declared by the company for six months ended June 30. 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

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

FBNQuest Merchant Bank awarded best sukuk house

FBNQuest Merchant Bank awarded best sukuk house    Vanguard FBNQuest Merchant Bank, the investment banking and asset management subsidiary of FBN Holdings Plc, has emerged winner of the Best Sukuk House ... 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 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

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

Investors lose N265bn as stock market falls further

Investors lose N265bn as stock market falls further    The Punch Feyisayo Popoola Investors in the equities market of the Nigerian Stock Exchange saw the value of their investments decline by N265bn on Thursday.... 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

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

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

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

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 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

Biggest Givers: Nigeria's Leading Philanthropists

Biggest Givers: Nigeria's Leading Philanthropists    Leadership Newspaper Biggest Givers: Nigeria's Leading Philanthropists The art of giving to impact lives has evolved over the years, and the benefits of philanthropy to the ... 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

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

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

Nigeria: Market Capitalisation Hits N12.5 Trn As MTN Lists On NSE

Nigeria: Market Capitalisation Hits N12.5 Trn As MTN Lists On NSE    AllAfrica.com The Nigerian Stock Exchange's total market capitalisation rose by N1.8trillion to close at N12.5trn yesterday following the final listing of MTN Nigeria ... 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

Legals for Aug. 15, 2019 | Public notices

Legals for Aug. 15, 2019 | Public notices    The West Volusia Beacon IN THE CIRCUIT COURT, SEVENTH. JUDICIAL CIRCUIT, IN AND FOR. VOLUSIA COUNTY, FLORIDA. CASE NO.2019-10543-CIDL. SARA B. MASSY and ... 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

Northwest Pipe Co (NWPX) Market Value Declined While First Wilshire Securities Management Trimmed Its Stake by $652,032; As Seagate Technology Plc (STX) Stock Value Declined, Valueact Holdings LP Has Lifted Its Position

Northwest Pipe Co (NWPX) Market Value Declined While First Wilshire Securities Management Trimmed Its Stake by $652,032; As Seagate Technology Plc (STX) Stock Value Declined, Valueact Holdings LP Has Lifted Its Position    The EN Herald First Wilshire Securities Management Inc decreased its stake in Northwest Pipe Co (NWPX) by 11.45% based on its latest 2019Q1 regulatory filing with the SEC. 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

How low yield, high NPL took toll on tier-1 banks’ performance

How low yield, high NPL took toll on tier-1 banks’ performance    Vanguard THE high Non-Performing Loans (NPLs) in the banking industry as well as decline in the yield environment in the Federal Government of Nigeria, FGN, debt ... 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

FBN Holdings triumphs at BusinessDay Annual Banking Awards

FBN Holdings triumphs at BusinessDay Annual Banking Awards    Daily Post Nigeria FBN Holdings Plc, Nigeria's leading financial services group, garnered four awards at the BusinessDay 2016 Annual Banking Awards. First Bank of Nigeria Lim. read more

FBN Holdings to redeem $300m 8.25% debt notes » Capital Market »

FBN Holdings to redeem $300m 8.25% debt notes » Capital Market »    NIGERIAN TRIBUNE THE board of FBN Holdings Plc, on Friday said First Bank of Nigeria Limited, its largest subsidiary, plans to exercise its option to call the $300m 8.25 THE board ... read more

Stock market extends decline, investors lose N708bn

Stock market extends decline, investors lose N708bn    The Punch Feyisayo Popoola The stock market extended its losing streak on Thursday as it shed N87bn, bringing the total losses to N708bn in seven days. The... 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

FBNQuest Spark Initiative deepens CSR

FBNQuest Spark Initiative deepens CSR    The Nation Newspaper FBNQuest Merchant Bank, the investment banking and asset management subsidiary of FBN Holdings Plc has announced a SPARK initiative, 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

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

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

Investors lose N93bn as market cap drops below N13tn

Investors lose N93bn as market cap drops below N13tn    The Punch Feyisayo Popoola. Investors lost N93bn on Tuesday as the market capitalisation of equities listed on the floor of the Nigerian Stock Exchange dropped below the ... 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

As Seagate Technology Plc (STX) Share Price Declined, Valueact Holdings LP Has Lifted Position by $104.58 Million; Salesforce Com (Call) (CRM) Holder Hap Trading Boosted Its Position by $1.98 Million as Shares Declined

As Seagate Technology Plc (STX) Share Price Declined, Valueact Holdings LP Has Lifted Position by $104.58 Million; Salesforce Com (Call) (CRM) Holder Hap Trading Boosted Its Position by $1.98 Million as Shares Declined    Stocks Beat Valueact Holdings Lp increased its stake in Seagate Technology Plc (STX) by 8.15% based on its latest 2019Q1 regulatory filing with the SEC. Valueact ... read more

Exane Derivatives Purchases 25,679 Shares of Allergan plc (NYSE:AGN)

Exane Derivatives Purchases 25,679 Shares of Allergan plc (NYSE:AGN)    Mayfield Recorder Exane Derivatives raised its position in shares of Allergan plc (NYSE:AGN) by 3374.4% during the second quarter, according to its most recent disclosure with ... read more

Flour Mills, 16 others push stock market higher

Flour Mills, 16 others push stock market higher    The Punch Feyisayo Popoola. The nation's stock market on Monday witnessed a rebound as investors gained N7bn on the back of price appreciation recorded in Flour Mills ... 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

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

FBNHoldings renames its Merchant Banking, Asset Management Businesses

FBNHoldings renames its Merchant Banking, Asset Management Businesses    Daily Post Nigeria In line with the objectives to deliver a consistent customer experience and drive increased stakeholder value, FBN Holdings Plc has announced the renaming. 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

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

Financial Services industry dominates trading at Nigerian bourse - Journalducameroun.com

Financial Services industry dominates trading at Nigerian bourse    Journalducameroun.com - English Published on 20.07.2019 at 14h21 by APA News. Share. The Financial Services industry led the activity chart this week on the floor of the Nigerian Stock ... 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 - 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

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

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

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

Investors exit as losses dominate stock market

Investors exit as losses dominate stock market    The Punch Feyisayo Popoola The participation of investors in the Nigerian stock market dropped on Thursday as losses dominated the market. The local equiti... read more

Ariyibi, Borodo join FBNQuest Capital, FBNQuest Trustees boards

Ariyibi, Borodo join FBNQuest Capital, FBNQuest Trustees boards    Punchng FBN Holdings has announced the appointment of Mr. Olawale Ariyibi as the Chairman of the Board, FBNQuest Capital Limited; and Mr. Tijanni Borodo as... 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

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 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

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

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

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

‘FBN Holdings unaffected by CBN’s dividend directive’

‘FBN Holdings unaffected by CBN’s dividend directive’    Guardian Nigeria FBN Holdings, the parent company of First Bank of Nigeria Limited, will not be affected by the implementation of the current dividend policy of the Central Bank of ... 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

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

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

Manikay Partners Holding In T Mobile Us (TMUS) Was Has Lifted; First Quadrant LP Stake in Biogen (BIIB) Has Increased as Stock Value Rose

Manikay Partners Holding In T Mobile Us (TMUS) Was Has Lifted; First Quadrant LP Stake in Biogen (BIIB) Has Increased as Stock Value Rose    The EN Herald Manikay Partners Llc increased its stake in T Mobile Us Inc (TMUS) by 20.48% based on its latest 2019Q1 regulatory filing with the SEC. Manikay Partners Llc ... 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

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

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

FBN Holdings shareholders approve N7.18bn dividend for 2016

FBN Holdings shareholders approve N7.18bn dividend for 2016    Vanguard FBN Holdings shareholders on Friday approved dividend of N7.18 billion declared by the company for the financial year ended Dec. 31, 2016. The shareholders ... 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

Jim Ovia advocates for disruptive technology to scale businesses in Africa

Jim Ovia advocates for disruptive technology to scale businesses in Africa    Daily Post Nigeria According to Zenith Bank Founder/Chairman, Jim Ovia, businesses stand a chance to triple growth rate and earnings through innovation and technology. read more

The first results from FBN Holdings (1)

The first results from FBN Holdings (1)    Vanguard By Akintola Omigbodun. FBN Holdings Plc, FBNH, is the post-transformation name of First Bank of Nigeria Plc and its subsidiaries. FBNH is organised into four ... read more

FBN Holdings launches FBNQUEST

FBN Holdings launches FBNQUEST    DailyPost Nigeria In line with a commitment to improve *service* delivery to clients and position the group at the forefront of the emerging merchant banking and asset managem. read more

Stanbic IBTC reduces NPL to 3.9%, declares N15.36bn dividend

Stanbic IBTC reduces NPL to 3.9%, declares N15.36bn dividend    Vanguard Nigerian News - STANBIC IBTC Holdings Plc reduced its Non Performing Loan, NPL, to 3.9 per cent in the financial year ended December 31, 2018 fr. 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