Stanbic IBTC Bank, the United Bank for Africa Plc and Access Bank Plc led seven other banks to facilitate transactions worth N25.63 trillion on the FMDQ OTC Securities Exchange in January and February 2019. Total transactions in the two months stood at N34.27 trillion, but the 10 banks accounted for N25.63 trillion, which was 74.79 […]
Tag: XNSA_ACCESS
Access Bank introduces instant Payday Loan for salaried workers
Access Bank Ghana has introduced payday loans for workers Access Bank Ghana, one of Ghana’s leading retail Banks, has unveiled instant access to loans for salaried workers through a special USSD code *901*11#. With the new “PayDay” Loan service, which is another industry first, customers get easy access to a unique platform that provides them […]
Access Bank Board Approves 2018 Financial Results
By Modupe Gbadeyanka The board of Access Bank Plc has approved the financial results of the company for the period ended December 31, 2018. The financial scorecard of the firm was approved by the board on Monday, January 28, 2019 at a meeting in Lagos. This was after the highest decision making organ of the […]
Nigeria: High shareholders optimism awaits banks’ 2018 dividend payout
On the heels of economy instability, investors on the Nigerian stock market are anxiously awaiting leading banks dividend payout for financial year ended December 31, 2018. Amid struggling Gross Domestic Product (GDP) in half year of 2018, decline yield on Treasury Bills and liquidity crunch, these leading banks reported improved earnings, coupled with interim dividend […]
Access Bank announces shareholders meeting over Diamond acquisition
Access Bank building Pursuant to its planned acquisition of Diamond bank PLC, Access Bank Friday announced the schedule for the court-ordered shareholders meeting for March 5, 2019. The meeting, which all shareholders are expected to attend in Lagos, was ordered on January 24 by Justice O. O. Oguntoyinbo of the Federal High Court, Lagos. The […]
Access Bank cancels meeting on new capital raising
The board of directors of Access Bank Plc yesterday cancelled an extraordinary general meeting of shareholders of the bank called to seek shareholders’ consideration for new capital raising. The bank did not provide reasons for the cancellation of the previously scheduled February 1, 2019 meeting. Market sources said the cancellation might not be unconnected with […]
Nigerian Stock Exchange plunges to 9 month low
NSE Daily Market Summary The Nigerian Stock Exchange fell to its worst performance year to date as the All Share Index closed at 32,292.79 basis points, down 3.46% and below the 33,000 mark. Today’s close was the highest daily loss in the last two years. Year to date, the index is down 15.56%. The drop […]
Dangote Cement, Nestle lead losers’ chart on NSE
Nigeria Stock Exchange Key equities on the Nigerian Stock Exchange (NSE) on Wednesday sustained days of loses with Dangote Cement dropping N13 to close at N210 per share. Nestle followed with N6 to close at N1,479 while Stanbic and Nigerian Breweries dropped N4 each to close at N41 and N84 per share respectively. Also, CCNN […]
Stock market records highest daily loss in eight months
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 on Wednesday. Sell-offs drove the NSE All Share Index lower by a record 3.5 per cent to close at 32,292.79 basis points. The market capitalisation of listed equities […]
Equity trading remains bearish as highly capitalised stocks push Index lower
The sell-offs in some highly capitalised stocks on Tuesday contributed significantly to drag the Nigerian Stock Exchange, NSE All Share Index, ASI by 0.5 percent or 112.69 points lower for the fifth consecutive trading session. Nigerian Stock Exchange NSE Specifically, the Index settled at 33,449.17 points from 33,611.69 points it closed on Monday with the […]