Shareholders of FBN Holdings Plc on Monday approved a total dividend of N13.64 billion declared by the company for the financial year ended December 31, 2019.
Browsing: FBN Holdings
FBN Holdings Plc on Monday announced gross earnings of N159.7 billion for the three months ended March 31, 2020.
FBN Holdings Plc has officially notified the Nigerian Stock Exchange of ongoing discussions with its partner, Sanlam Emerging Markets, to divest 65 per cent equity in FBN Insurance Limited.
FBN Holdings Plc on Monday declared profit after tax of N73.67 billion in its audited result for the financial year ended December 31, 2019.
The News Agency of Nigeria reports that the turnover was lower by 7.94 per cent compared with 255.59 million shares worth N2.86 billion traded in 4,418 deals on Thursday.
The visit was to show appreciation to the President and thank him for participating in First Bank of Nigeria Limited’s 125th anniversary activities held earlier this year and update him of some recent investment activities of the Group.
The News Agency of Nigeria reports that the stock lost N5 to close at N225 per share, followed by Okomu Oil Palm with N2.50 to close at N50 per share.
The News Agency of Nigeria reports that Total lost N11.20 to close at N222. 60, while Dangote Cement dipped by N3 to close at N249 per share.
The organisation said in a statement issued by Seye Kosoko, the Company Secretary to the Nigerian Stock Exchange obtained by the News Agency of Nigeria in Lagos.
This comes after the recent renaming of all entities under the investment banking and asset management subsidiary group in line with the objectives to deliver a consistent customer experience and drive increased stakeholder value.
A statement by the company on Tuesday in Lagos, said the renamed entities include: FBNQuest Merchant Bank, FBNQuest Asset Management and FBNQuest Securities, FBNQuest Capital, FBNQuest Trustees and FBNQuest Funds.
According to findings by LEADERSHIP, the above financial institutions in six years under consideration have reported an estimated N2.6 trillion profit before tax as a result of Assets Management Corporation of Nigeria acquisition of their non-performing loans and prudent management of customers’ deposit
The News Agency of Nigeria reports that the market capitalisation shed N343 billion or 2.68 per cent to close at N12.443 trillion against N12.786 trillion achieved on Tuesday.
Banking stocks remained the most active, with FBN Holdings emerging the most traded equity, accounting for 8.32 million shares valued at N25.02 million
FBNQuest includes FBN Merchant Bank Limited, FBN Capital Limited, FBN Securities Limited, FBN Capital Asset Management Limited, FBN Trustees Limited, FBN Funds Limited and FBN Capital Partners Limited as they will now operate under one brand identity
The company’s gross earnings appreciated by 16.9 per cent to N390 billion, in contrast with N333.6 billion achieved in the comparative period of 2014
Also, the All-Share Index lost 145.68 points or 0.41 per cent to close at 35,043.44 compared with 35,189.12 achieved on Monday due to price depreciation
The News Agency of Nigeria reports that the All-Share Index appreciated further by 599.61 points or two per cent to close at 30,617.96 against the 30,018.35 achievedon Tuesday
It will expand the universe of products and services offered by the Group and enable it to not only deepen its reach to existing clients, but reach a new client base
The market capitalisation, which opened at N10.156 trillion, lost N90 billion or 0.88 per cent to close at N10.066 trillion due to price losses by some blue chip equities