By Aduragbemi Omiyale There are reports that a billionaire businessman, Mr Femi Otedola, is coming back into the capital market on a big scale a few years after he offloaded his stake in Forte Oil , 75 per cent , which later became Ardova Plc under its new owners. It is believed that business mogul […]
Top petroleum companies in Africa, Seplat Petroleum Development Company Plc, and Nigeria Liquified Natural Gas Limited (NLNG) are among the leading organisations to bag the the Africa Safety Awards for Excellence (AfriSAFE) taking place in Lagos on Friday, November 12. The event holds at Oriental Hotel, Victoria Island by 4pm. AfriSAFE Chief Executive Officer, Femi […]
On the heels of a severe operating environment, United Bank for Africa Plc (UBA) maintained an impressive performance in its core banking operating segment to support growth in profitability and outshine its peers. The pan-African bank’s nine months ended September 30, 2021 result and accounts showed an impressive performance on the heels of severe challenging […]
KBA chief executive Habil Olaka /FILE Kenyan banks are seeking a pie of the continental market by riding on the African Continental Free Trade Area(AfCFTA), sector lobby group has said. There is an already ongoing expansion of Kenyan financial institutions into the East African region and linkages with leading financial institutions in the South, West […]
Transactions on the Nigerian stock market opened trading for November on a negative note with the market capitalisation losing N32 billion on profit-taking. Specifically, the market capitalisation which resumed for the month at N21.938 trillion lost N32 billion or 0.15 per cent to close at N21.906 trillion. Also, the All-Share Index dropped 61.81 points or […]
The nation’s bourse on Tuesday closed in green, reversing negative mood following buying interest in BUA Cement. Specifically, the market capitalisation inched higher by N19 billion or 0.09 per cent to close at N21.925 trillion from N21.906 trillion recorded on Monday. Also, the All-Share Index rose by 36.60 points or 0.09 per cent to 42,013.39 […]
Nigerian Stock Exchange Stock investors in the Nigerian Exchange Limited gained N19.11bn at the end of trading on Tuesday, despite negative sentiment in the market as 31 firms recorded losses as against 10 gainers. The NGX All-Share Index appreciated by 0.09 per cent to close at 42,013.39 basis points from 41,976.79bps on Monday, while the […]
Kampala, Uganda | THE INDEPENDENT | United Bank for Africa Uganda (UBA) has been appointed a primary dealer bank by Bank of Uganda with effect from October 1, 2021. As such, UBA will now lend government money on behalf of the public and in exchange, provide Treasury Bills and Bonds as collateral, in the primary […]
Kampala — United Bank for Africa Uganda (UBA) has been appointed a primary dealer bank by Bank of Uganda with effect from October 1, 2021. As such, UBA will now lend government money on behalf of the public and in exchange, provide Treasury Bills and Bonds as collateral, in the primary market auction. The bank […]
NSE. Photo: AFRICANBUSINESSCENTRAL Sell-offs in many blue-chip stocks, especially, AXA Mansard and Chams, halted the two trading sessions of upbeat on the Nigerian Exchange Limited (NGX) to reopen on a downward note yesterday, as market capitalisation depreciated by N51 billion. In summary, the All-Share Index (ASI), which measures the performance of quoted companies dipped by […]
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