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Nigeria s GTCO s Half-Year Shrinks to N79 Billion As Interest Income Drop Erodes Earnings

Nigeria s GTCO s Half-Year Shrinks to N79 Billion As Interest Income Drop Erodes Earnings
naija247news.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from naija247news.com Daily Mail and Mail on Sunday newspapers.

Forex: Bank CEOs plan digital process to check fraud

The Bankers Committee on Thursday announced that it is planning a digital process to tackle fraudulent transactions on foreign exchange (forex) just as it stated that sales are progressing. The Central Bank of Nigeria (CBN) recently stopped the sale of forex to Bureau de Change (BDC) operators and asked banks to take charge. Shortly after […]

Nneka Onyeali-Ikpe, Miriam Olusanya… female bank MDs shattering the ceiling

Advertisement Over the years, these remarkable women climbed the career ladder to get to the top after starting at the bottom. With dint of hard work, consistency, dedication and ambition, they successfully changed the narrative, breaking the proverbial glass ceiling to become the first women to occupy the topmost job at their respective financial institutions. Today, TheCable brings you seven current female MDs of Nigerian banks. Advertisement NNEKA ONYEALI-IKPE, FIDELITY BANK Nneka Onyeali-Ikpe assumed office as managing director/chief executive officer, Fidelity Bank on January 1, 2021. She is the first female to occupy the position since the bank’s inception in 1988.

Trading Value Falls as Investors Adopt Cautious Trading

Goddy Egene Both volume and value of trading at the stock market fell last week as investors continued with profit-taking and cautious approach while waiting for the release of half year corporate results. The volume of trading fell by 25 per cent from 1.348 billion shares worth N12.140 billion to 1.008 billion shares valued at N10.923 billion. Also the Nigerian Exchange (NGX) Limited All-Share Index (ASI) declined by 0.12 per cent to close at 37,947.18, while market capitalisation shed N24.5 billion to be at N19.771 trillion. After declining the previous week, the bearish sentiments persisted last week for the second consecutive week, as investors booked profits on bellwether stocks. They were also cautious by investors as they await the release of Q2-21 earnings. However, while investors are eagerly waiting for the performance of companies, United Capital Plc on Wednesday announced its results for H1.

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