Access Bank Plc has said that it has facilitated trade for over 25,000 of its customers with import trade volume of about $2.62bn. The Deputy General Manager, Access Bank Plc, Mr Emeka Eze, gave the figure at a forum with the lender’s customers in Abuja on Wednesday. He said the bank understood the importance of […]
Tag: XNSA_ACCESS
NSE: Bears halt 2 days’ gaining streak
Key performance indices, the NSE All Share Index (ASI) and market capitalisation, yesterday fell by 0.32 per cent, halting two days gaining streak, as market speculators embarked on profits taking. Driven by decline in value of most financial and consumer stocks, the equities market began the trading week on a negative note. Consequently, the All-Share […]
Equities Market Loses N42bn
Nigerian equities market yesterday began the trading week on a decline, to reverse the previous trading days’ positive trend, as investors lost N42billion. The Nigerian Stock Exchange -All Share Index (NSE-ASI) shed 114.81 absolute points, representing a decline of 0.32 per cent to close at 35,311.36 points. Also, the market capitalisation declined by N42 billion […]
NSE: Transactions bearish as index falls by 0.32%
Equity transactions resumed on the Nigerian Stock Exchange on Monday on a negative note with market indices dropping marginally by 0.32 per cent. The News Agency of Nigeria reports that the market capitalisation shed N42 billion or 0.32 per cent to close at N12.891 trillion against N12.933 trillion posted on Friday. Also, the All-Share Index, […]
High-cap stocks drag equities to N42b loss
Most transactions at the Nigerian equities market closed yesterday at higher prices but losses recorded by large-cap stocks overshadowed the overall market position. Benchmark indices at the Nigerian Stock Exchange (NSE) indicated average decline of 0.32 per cent, representing a net capital depreciation of N42 billion. With 26 gainers to 14 losers, most sectoral indices […]
Zenith Bank MD reportedly picked up by EFCC
Zenith Bank Tier one lender, Zenith Bank Plc may have some explaining to do, as reports indicate the Group Managing Director of Zenith Bank Plc, Peter Amangbo was picked up by the Economic and Financial Crimes Commission (EFCC). Some other media have declined to specify the name of the bank but essentially carried the same […]
Japaul continues to sink deeper after N4.8 billion H1 2018 loss
Oil Rig Japaul Oil and Maritime Services Plc has released its 2018 half-year financial results for the period ended 30th June 2018. Figures from the result show that revenue for 2018 half year stands at N662 million as compared to N544 million recorded during 2017 half year. Operating loss of the oil and maritime company […]
With Dangote Cement’s N50 bn sourcing, more local firms eye CPs as market liquidity up N1.2tr
The recent sourcing of N50 billion through Commercial Paper (CP) issuance by Dangote Cement Plc has ignited fresh interest among companies to focus attention on that segment of the market, THISDAY checks have revealed. CPs are unsecured promissory notes with a fixed maturity of about nine months issued by companies to raise money to meet […]
Stock Market witnesses increase activities
Accra, Aug. 16, GNA – The mid-week session trading on the Ghana Stock Exchange (GSE) witnessed increased activities, as volumes rose significantly on account of a negotiated transaction in the shares of Ecobank Ghana Limited which boosted its share price. Consequently, the benchmark GSE-Composite Index edged by one per cent to close at 2,934 points, […]
Over a dozen banks yet to meet GHC400m minimum capital
Governor of Bank of Ghana, Dr. Ernest Addison At least fifteen (15) banks are yet to announce their position on meeting the new minimum capital requirement with four months to the deadline. This is because Citi Business News’ analysis has shown that six (6) banks have reached the target with seven (7) others undertaking various […]