Business

FBN Holdings completes sale of Insurance arm to Sanlam

Ihesiulo Grace 4 June 2020 0

FBN Holdings (FBNH) Plc and Sanlam Emerging Markets (Proprietary) Ltd (Sanlam) have announced the completion of the sale and transfer of FBNH’s 65 per cent shareholding in FBN Insurance (FBNI) to Sanlam. The Boards of Directors of both organisations stated this in a divestment announcement on

Business

Shareholders of FBN Holdings approve N13.64b dividend payout

Ihesiulo Grace 28 April 2020 0

.Laud coy for dividend, impressive results achieved in 2019 Shareholders of FBN Holdings Plc have unanimously approved a total dividend payout of N13.64 billion declared by the company for the financial year ended December 31, 2019. The shareholders gave the approval at the company’s eighth Annual General Meeting (AGM) by proxy in Lagos. The dividend […]

Business Featured Headlines

FBNHoldings increases profit by 31% to N83.6bn in 2019

Ihesiulo Grace 7 April 2020 0

.Proposes dividend of N0.38 per share to shareholders .As NPL now stable at single-digit FBN Holdings Plc has increased its Profit Before Tax (PBT) by 30.9 per cent to N83.6 billion, from N63.9 billion reported in 2018, its audited results for the financial year ended 31 December 2019 revealed. The group’s result which was submitted […]

Business Featured Headlines News

FBN Holdings, Fidelity Bank, 3 others declare profit in 2019

Ihesiulo Grace 3 February 2020 0

Not less than a whopping N180.9 billion Profit After-Tax (PAT) has been declared by FBN Holdings Plc, Fidelity Bank Plc and three other commercial banks in their unaudited financial statement for the year ended December 31, 2019. Others are Stanbic IBTC Holdings Plc, Wema Bank plc and Sterling Bank Plc. The Daily Times, however, observed […]

Banking Business Economy Money Money

Equities market declines by N112bn over investors sustained profit-taking

Ihesiulo Grace 4 October 2019 0

The equities market segment of the Nigerian Stock Exchange (NSE) on Thursday continued on a downward trend as investors’ investment declined by N112 billion on the back of sell-offs in high capitalised stocks. The All Share Index (ASI) decreased by 229.18 absolute points, representing a dip of 0.84 per cent to close at 27,085.69 points. […]

Business Economy

Equities market begins trading low as indices down 0.74%

Ihesiulo Grace 17 September 2019 0

Temitope Adebayo The Nigerian equities market of the Nigerian Stock Exchange (NSE) resumed trading week on Monday with a loss of 0.74 per cent, following losses achieved by medium and large equities. Specifically, the All Share Index (ASI) shed 204.68 points or 0.74 per cent to close at 27,574.32 against 27,779.000 achieved on Friday. Similarly, […]

Banking Business Politics

Equities market indices increase by N142bn in one day

Ihesiulo Grace 13 September 2019 0

Motolani Oseni Again, the equities market of the Nigerian Stock Exchange (NSE) on Thursday reacted positively to the outcome of the election tribunal ruling for the second consecutive day, as market capitalisation rose by N142 billion to close at N13.351 trillion against N13.209 trillion closed the previous day. Similarly, the All Share Index rose by […]

Business Capital Market Capital Market News

Equities market continues bearish trend, dips N28bn

Ihesiulo Grace 10 September 2019 0

Motolani Oseni Due to persistent sell pressure, equities market of the Nigerian Stock Exchange (NSE) continued its bearish movement to lose N28billion at the close of Monday trading activities. The stock market benchmark index, NSE All Share Index (ASI) dropped by 56.73 basis points or 1.25 per cent close the week at 28,847.81 basis points […]

Business

Equities market bearish trend continues with 1.30% decline

Ihesiulo Grace 7 June 2019

Temitope Adebayo Following a two-day public holiday declared by the federal government of Nigeria to mark this year Eid-el-Fitri celebration, trading on the Nigerian Stock Exchange (NSE) resumed yesterday on a bearish trend, as All-Share Index lost 401.22 points or 1.30 per cent to close at 30,527.07 compared with 30,928.29 recorded on Monday. Also, the […]

Business

Investors in equities market lose N26.4bn in one day

Ihesiulo Grace 10 May 2019

…As ASI declines by 0.24% Temitope Adebayo Investors in the equities market of the Nigeria Stock Exchange (NSE) continued its bearish run for the fourth consecutive trading session to lose N26.4 billion which was impacted by price depreciation recorded in medium and large capitalized stocks. The All Share Index (ASI) dropped 70.16 basis points, representing […]

Headlines News

How 13 banks rake N96.7bn from accounts maintenance in 2017

Ihesiulo Grace 31 May 2018 0

No fewer than 13 commercial banks operating in the country have realised a whopping N96.7 billion from maintaining customers’ accounts in 2017, against N84 billion raked in the previous year from charges on customers with, current and term deposit. This translates into a 14.8 per cent increase the 13 banks recorded in maintaining customers’ accounts […]

Business

FBNHoldings appoints Ariyibi to FBNQuest Capital, Borodo to FBNQuest Trustees Boards

Ihesiulo Grace 14 March 2018 0

FBN Holdings has announced the appointment of Mr. Olawale Ariyibi as the Chairman of the Board, FBNQuest Capital Limited and Mr. Tijanni Borodo as the Chairman of the Board, FBNQuest Trustees Limited. This comes after the recent renaming of all entities under the investment banking and asset management subsidiary group in line with the objectives […]

Capital Market

Analysts laud FBNH performance 204 % ROI in 20 months

Ihesiulo Grace 11 January 2018 0

Cross section of capital market analysts have laud the recent growth recorded by FBN holdings Plc, which has reinforced earning and growth potential inherent in the holding company. The analysts maintained that he holding company even at its current trading price, still has potential for over 200 per cent growth in a short term, as […]

Business

FBNHoldings renames businesses

Ihesiulo Grace 20 December 2017 0

….ong>….Reaffirms commitment to delivering unique solutions FBN Holdings, the flagship for FBN brands and businesses has announced the renaming of all entities under its Merchant Banking and Asset Management group. These are FBNQuest Merchant Bank, FBNQuest Asset Management, FBNQuest Securities; FBNQuest Capital, FBNQuest Trustees and FBNQuest Funds. The

Capital Market

FBNH’s Ani-Mumuney, Mimiko appointed as Directors, as Q3 profit peaks at N45.8bn

Ihesiulo Grace 28 October 2017 0

FBN Holdings Plc has reflected the harsh operating environment challenges in its Q3 2017 unaudited result, which showed mixed performance for the group, while the company thrives to overcome its loss position as at the end of 2016 financial year. This is coming as Babatunde Mimiko has been appointed, Executive Director, FBN General Insurance, while […]

Business

FBNH to delay result by 30 days, as Unilever grows PAT by 158%

Ihesiulo Grace 24 March 2017 0

FBN Holdings has announced that it will delay in filing its audited financial statements for the year ended December 31, 2016 as required by the Nigerian Stock Exchange (NSE) by the end of March. FBN Holdings has however sought and been granted a 30-day extension by the NSE to submit the accounts on or before […]

Banking Business Money News

Fact behind the Figures as FBN Holdings Prepares for AGM, 2015

Ihesiulo Grace 7 May 2015 0

As FBN holding prepares for its 3rd Annual General Meeting, AGM 2015. The stalwarts of FBN Holdings were at the Nigerian Stock Exchange to give detailed analysis on how the group had fared in the last business year and expressed great expectations about the forth coming year. Extracting from the Group CEO; Bello Maccido’s earlier […]