Top stocks to watch this week More firms released their financial reports for 2021 last week, a majority of them large-cap stocks from sectors as varied as energy, consumer goods, banking and industrial goods. Much as quite a number posted spectacular earnings, two of the five big banks reported passably impressive earnings, while GTCO’s was […]
Tag: XNSA_UBA
Nigeria: Uzoka – UBA’s Diversified Business Model, Enhanced Digital Platforms Key to Financial Gains
United Bank for Africa (UBA) Plc, has assured its shareholders and investors of excellent performance in the 2022 financial year, as the bank continues to deepen its foothold to reap the benefits of its investments in strong and innovative digital product offerings and expanded scope over the past few years. The Group Managing Director/Chief Executive […]
Bears sustain dominance as capitalisation dips further by N47bn
[FILES] Photo/facebook/ngxgroup The bears maintained dominance on the equities sector of the Nigerian Exchange Limited, (NGX) for the second successive session yesterday, as many blue-chip stocks depreciated in price, resulting in a further decline in market capitalisation by N47 billion. In summary, the All-Share Index (ASI) declined by 87.81 absolute points, representing a decrease of […]
Nigeria: UBA’s Diversified Business Model, Enhanced Digital Platforms Key to Financial Gains – Uzoka
United Bank for Africa Plc is Africa’s global bank with a presence in the United States of America, the United Kingdom and France and more recently the United Arab Emirates Africa’s global bank, United Bank for Africa (UBA) Plc, has assured its shareholders and investors of excellent performance in the 2022 financial year, as the […]
Nigeria: Trading in Fixed Income, Currency Markets Slumps to N14trn
Trading in the fixed income and currency (FIC) market has slumped back to declining trend after the December 2021 uptick. The January 2022 report just released by the FMDQ Exchange, Nigeria’s financial markets trading platform, has put transaction volume at N14.13 trillion, 31.21 percent down from N20.54 trillion recorded in December, 2021. This is even […]
Five Top Nigerian Banks with Largest Customers Deposit As GTCO, UBA Record Outstanding 2021
The year 2021 was an outstanding one for Nigerian banks despite the economic challenges in the country The banks were not only able to post outstanding profits they recorded an increase in customers deposit Customer deposits remain one of the most competitive items in the banking sector since it is from this medium that loans […]
Nigeria: Trading in Fixed Income, Currency Markets Slumps to N14trn
Trading in the fixed income and currency (FIC) market has slumped back to declining trend after the December 2021 uptick. The January 2022 report just released by the FMDQ Exchange, Nigeria’s financial markets trading platform, has put transaction volume at N14.13 trillion, 31.21 percent down from N20.54 trillion recorded in December, 2021. This is even […]
Stock Market Close Lower on Profit-taking in Seplat, 17 Others
Kayode Tokede The stock market of the Nigerian Exchange Limited (NGX) yesterday closed transactions on a negative note, as investors’ sell-off in Seplat Petroleum Plc, 17 other stocks down the market by 0.01 per cent. Specifically, the NGX All-Share Index declined by six basis points or 0.01 per cent to close at 47,262.61 basis points […]
Nigeria: Access Bank, ETI, Zenith, 10 Others Generates N5.96 Trillion From Loans to Customers in 3 Years
With the growing lending to private and individual customers, a total of 13 banks have generated N5.96trillion interest income from loans to customers between 2020 and 2018. This has demonstrated banks’ drive to support the Central Bank of Nigeria (CBN) aggressively lending to support the real sector and boosting banks’ earnings. Nigerian Banks with branches […]
Nigeria: Access Bank, ETI, Zenith, 10 Others Generates N5.96 Trillion From Loans to Customers in 3 Years
With the growing lending to private and individual customers, a total of 13 banks have generated N5.96trillion interest income from loans to customers between 2020 and 2018. This has demonstrated banks’ drive to support the Central Bank of Nigeria (CBN) aggressively lending to support the real sector and boosting banks’ earnings. Nigerian Banks with branches […]