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_UBA
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 […]
United Bank for Africa Plc extends footprint to Mali
Kenny Uzoka United Bank for Africa Plc (UBA) will on Monday, February 4, 2019, open a new branch in Mali. Maimouna El Oumarany, a Spokeswoman for UBA’s Malian subsidiary, said the bank aims at expanding its footprint in a region where it already operates in a dozen countries. “Mali is a large market with a […]
UBA Nigeria pays out dividends on back of higher profits
Shareholders of United Bank for Africa (UBA) Plc are expecting the announcement of a final dividend for the 2018 financial year. This followed the approval of the bank’s financial statements for the year ended December 31, 2018. In a notification to the Nigerian Stock Exchange (NSE), UBA said its Board of Directors last Monday approved […]
Davos: Africa must embrace inter-regional trade – Elumelu
CHAIRMAN of United Bank for Africa, UBA, Plc, Mr. Tony Elumelu, said Africa must embrace inter-regional trade to fast-track the development of the continent. Tony Elumelu Elumelu, speaking at the World Economic Forum in Davos, noted that intra-regional trade has significantly benefited other parts of the world, adding that Africa should emulate this. He stated: […]
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 […]
Nigeria: Market Analysts Identify Stocks With Strong Fundamentals
Amidst the ravaging bears that has pushed the equities market to a 15-month low on Monday, analysts at Afrinvest West Africa have unveiled some stocks that have upside potential to fetch investors significant capital growth. The stocks are in the banking, consumer goods and industrial goods sectors. In the banking sector, for instance, the said […]
NSE-ASI Extends Losing Streak To 5-Sessions, Sheds 0.48%
The Nigerian Stock Exchange (NSE) All – Share- Index (NSE-ASI), yesterday, extended losing streak for the fifth consecutive trading days by 0.48 per cent amid sustained profit taking activity. In summary, the ASI shed 162.52 absolute points, representing a decline of 0.48 per cent to close at 33,449.17 points. Also, the market capitalisation declined by […]
Nigeria: Moody’s – Nigerian Banks May Resume Expansion in Africa
Following an improvement in their asset quality as well as the increased foreign currency liquidity in the banking sector, Nigerian banks may soon resume their strategic expansion into some African countries to diversify their operations and tap into opportunities in those countries. The Vice President, Banking, Sub-Saharan Africa at Moody’s Investors Service, Mr. Akintunde Majekodunmi, […]
Moody’s: Nigerian Banks May Resume Expansion in Africa
Following an improvement in their asset quality as well as the increased foreign currency liquidity in the banking sector, Nigerian banks may soon resume their strategic expansion into some African countries to diversify their operations and tap into opportunities in those countries. The Vice President, Banking, Sub-Saharan Africa at Moody’s Investors Service, Mr. Akintunde Majekodunmi, […]