Banking Business Economy Money Money

60% LDR: How stock price of sanctioned banks depreciate on NSE

Ihesiulo Grace 4 October 2019 0

The stock price of five banks out of 12 sanctioned by the Central Bank of Nigeria (CBN) on Thursday depreciated on The Nigerian Stock Exchange (NSE). The apex bank on Wednesday debited 12 banks who failed to meet the initial deadline of 60 per cent Loan to Deposit Ratio (LDR) by September 30,

Banking Business Capital Market Capital Market

NSE records N19bn gain on first trading day in September

Ihesiulo Grace 3 September 2019 0

Motolani Oseni The equities market segment of the Nigerian Stock Exchange (NSE) commenced trading in September on positive note with a marginal growth of 0.14 per cent, which translated to investors’ gain of N19 billion. Specifically, the All Share Index (ASI) rose by 39.28 points or 0.14 per cent to 27,565.09 points. Accordingly, investors gained […]

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Equities market indices dip by 40% amid profit-taking

Ihesiulo Grace 23 July 2019 0

Temitope Adebayo The equities market of the Nigeria Stock Exchange (NSE) began this week trading activities on on Monday on a downward trend, with major indices shedding 0.40 per cent. Specifically, market capitalisation which opened at N13.606 trillion lost N54 billion or 0.40 per cent to close at N13.552 trillion against N13.606 trillion on Friday. […]

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CBN limits top 4 commercial banks deposits to boost lending- Analysts

Ihesiulo Grace 12 July 2019 0

Motolani Oseni As part of efforts to reduce access to its Standing Deposit Facility (SDF), a group of analysts at ARM research have said the Central Bank of Nigeria (CBN) is limiting the top four Tier 1 commercial banks access to its facility. The apex bank had issued a circular, stressing that, “remunerable daily placements […]

Banking Business

UBA to reward loyalty with N60m in Wise Savers promo

Ihesiulo Grace 2 July 2019 0

Temitope Adebayo Another set of 20 loyal customers will join the rising number of millionaires to win a whopping N1, 500,000 each, in the 3rd edition of its quarterly draw for the ongoing UBA Wise Savers Promo. The raffle draw which is set for July 31st, at United Bank for Africa’s corporate head office will […]

Business

UBA advocates curriculum overhaul to equip graduates for tech advancement

Ihesiulo Grace 21 June 2019

The Group Executive Director of United Bank for Africa (UBA), Mr. Liadi Ayoku, has called for the overhaul of the training curriculum in financial institutions across Africa to reflect current technological realities. Ayoku, said this while delivering a keynote address during the annual lecture of the Faculty of Management Sciences, Lagos State University (LASU) titled:

Business

NSE delists Newrest ASL, as equities market sheds N141bn

Ihesiulo Grace 14 May 2019

Ladesope Ladelokun Amid sell pressure and delisting of Newrest ASL from three official list, the equities market of the Nigerian Stock Exchange (NSE) opened for the week on Monday still on a bearish trend, with the market capitalisation shedding N141 billion, representing a dip of 1.30 per cent to close at N10.701 trillion against N10.842 […]

Business

NSE: Market capitalisation sheds N6bn on first trading day

Ihesiulo Grace 7 May 2019

Temitope Adebayo Trading on the Nigerian bourse opened for the week on Monday on a negative trend with the market capitalisation dropping by N6 billion or 0.05 per cent to close at N10.973 trillion against N10.979 trillion on Friday. Also, the All-Share Index which opened at 29,212.00 lost 15.13 points or 0.05 per cent to […]

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UBA Delivers Stellar Performance in Half-Year 2017, Grows Profit by 66%

Ihesiulo Grace 25 August 2017 0

…………Declares N0.20 Per Share Interim Dividend …………..African Subsidiaries Contribute 32% of the Group’s Earnings The Pan African financial institution, United Bank for Africa (UBA) Plc has announced its audited half year financial results ended June 30, 2017, showing remarkable performance across major metrics. UBA grew its gross earnings for the period by 34.5 percent to