FBN Holdings Plc
Equities market sustains sliding profile amid unstable economic outlook
Negative macroeconomic indices and unstable economic outlook depressed transactions on the equities sector of the Nigerian Stock Exchange (NSE), as the All-Share Index depreciated
Bank explains N25b equity capital injections into operations
The Group Managing Director, FBN Holdings Plc, UK Eke has said the injection of N25b capital into the group commercial banking arm is in line with its mandate of delivering value to shareholders
FBN Holdings divests from insurance subsidiary, sells firm to Sanlam
FBN Holdings Plc has divested its 65 per cent equity in FBN Insurance Limited to Sanlam (PTY) Limited, which used to hold 35 per cent stake in the insurance firm.
Equities sustain rally in three weeks, indices rise by 0.52%
The rally in the domestic equities market was sustained for a third consecutive week and being the first time since May 2019, as investors continue to hunt for positive returns amidst depressed fixed-income yields.
No respite for stock market as index falls further by 0.63%
Pressure from sell-off, which persisted at the end of last week’s transactions on the trading floor of the Nigerian Stock Exchange (NSE), sustained hold on the All-Share Index (ASI) and market capitalisation, as both depreciated by 0.63% and 0.58% to close the week at 30,672.79 points and N11.204 trillion respectively. Analysts, however, said the current…
‘Young people must be trustworthy, hardworking to excel’
It is a natural thing , I did not apply for it, there was a vacancy and I was sort out to come and do the job, so I had that feeling that I must measure up and the person who did the hunting insisted that I must come.
‘Why investors should raise stakes on African economy’
Despite the socio-economic challenges in the continent, the Chairman, Honeywell Group and FBN Holdings Plc, Dr. Oba Otudeko has said that fundamentals of the African economy remain strong and entrenched.
UBA, Access Bank, others lift NSE’s turnover by N12.9 billion
Heavy transactions in the shares of some banks, especially United Bank for Africa (UBA) Plc and Access Bank, last week, lifted the volume of shares traded, as a turnover of 1.375 billion shares worth N12.940 billion were recorded in 16,915 deals.
NSE records N10.7 billion transactions in one week
The Nigerian Stock Exchange (NSE), last week, recorded a turnover of 1.361 billion shares worth N10.711 billion in 16,070 deals last week, in contrast to a total of 1.185 billion shares valued at N13.033 billion that changed hands in 18,548 deals during the preceding week.