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ZENITH BANK PLC
The projection is coming just days after the CBN released its Treasury Bills calendar for Q3 2020.
Investors lost N154.28 billion in value, as market capitalization dropped to N13.04 trillion at the Nigerian Stock market.
Sadly, this move, in addition to similar policies by the CBN, has left many banks cash-strapped and unable to pursue various profitable ventures.
Performance across sectors closed bearish, as three out of the five major sub-indices posted losses.
Nigeria’s stock market capitalization was boosted by N1.2 trillion even as the bourse recorded one of its largest market breaths on a monthly basis
Equity investors on Nigeria’s bourse gained N25.1 billion as market capitalization appreciated by the same margin to close at N12.48 trillion.
“This award is a clear demonstration of the bank’s market leadership, occasioned by our superior product offerings, best-in-class service and top-of-the-range technology which create value for our teeming customers.” –Ebenezer Onyeagwu
CFO is to ensure that the company is highly profitable so that no matter how high it’s share price might be, if listed on the floor of the Nigerian Stock Exchange, it would still be termed undervalued.
The benchmark All Share Index (ASI) advanced by 0.77% on teh Nigerian stock exchange to close at 23,892.92 index points.
One of the most immediate impacts of the Pandemic is the fact that the oil price crash will have negative implications for banks' revenue targets.
Nigerian Banks increased their contributions towards the AMCON sinking Fund to about N167 billion in 2019 compared to about N154,9 billion a year earlier.
The Nigeria stock market finished higher for the fourth day in a row, as the avalanche of corporate earnings reports continues