Stanbic, GTBank, FCMB pull bulk of banking stock gains

In the eight months to September 4, 2014, investors in Stanbic IBTC Holdings plc achieved the largest chunk of share price growth ahead of other banking stocks, followed by Guaranty Trust Bank plc, FCMB Group plc, and Ecobank Transnational Incorporated plc, BusinessDay trend watch can disclose.

Between January 3 and September 4, Stanbic IBTC plc led the basket of banking stocks after its share price rose by N8, from N21.6 to N30.40; followed by Guaranty Trust Bank plc which rallied by N0.43, from N28.88 to N29.31. FCMB plc appreciated from N3.9 to N4.24, adding N0.34; while Ecobank Transnational Incorporated plc gained N0.01, from N17 to N17.01.

While narrowing risk spectrum in the fixed income securities is said to contribute in making equities unattractive to investors, investment analysts continue to

Airtel Partners Government to Combat Ebola

As part of its Corporate Social Responsibility programme, Airtel Nigeria has thrown its weight behind the federal and state Governments fight against the spread of Ebola Virus Disease. Airtel Nigeria’s contributions include the donation of 100 mobile handsets, complimentary airtime for each line and a Closed User Group (CUG) facility to improve overall communication and efficiency of the response.

Speaking shortly after receiving the donations from the Airtel Team, the Technical Advisor to Hon. Minister of State, Health as well as Incident Manager, Ebola Emergency Operations Centre, Lagos, Dr. Faisal Shuaib said Airtel responded swiftly and showed enthusiasm to support the Ebola centre.

Shuaib added: “The phones and other facilities donated by Airtel will be used by