Stories by Chinenye Anuforo
Equities trading on the Nigerian Stock Exchange resumed the week on a negative note as lead market indices fell by 0.42 percent.
The All Share Index closed at 26,217.18 points following a decline of 111.04 points and market capitalisation shed N37 billion to close at N9.021 trillion from last session’s closing figure of N9.058 trillion respectively.
Topping the day’s losers was Continental Re-insurance with a decline of 4.92 percent to close at N1.16, Oando dropped 4.67 percent to close at N4.90, Neimeth was third on the losers chart with a depreciation of 4.11 percent to close at 70 kobo per share.
7UP capped the day’s advancers with a 5 percent growth to close at N113.40, followed by Caverton with an increase of 4.35 percent to close at 72 kobo, Eterna came third on the gainers list, having appreciated 4.02 percent to close at N3.62.
Most actively traded stock for the day was AIICO that traded 56.8 million units of shares, worth N34.1 million, Transcorp was next with 16.1 million units valued at N12.6 million and UBA was third with 7.8 million units of shares valued at N38.9 million.
FBN Holdings was the fourth most traded stock with 7.6 million units valued at N26.6 million while Fidelity Bank emerged fifth on the day’s top traded list with 7.4 million units of shares at N6.6 million.
Diamond Bank leads in staff career growth
In spite of the harsh economic terrain threatening jobs of many employees and hurting the projections of corporate organisations in Nigeria, Diamond Bank has reaffirmed its commitment to continuously safeguard the career growth of its workers.
Recently, two staff members who joined the bank over two decades ago as Executive Trainees were elevated to Executive Directors following regulatory approval by the Central Bank of Nigeria. This was alongside the bank’s promotion of 950 members of its workforce.
Chioma Afe, Diamond Bank’s chief spokesperson, said that the bank places premium value on its workforce and is very passionate about the development of the career goals of staff members that are living the core values of the Bank, noting that job security and career development of staff members have continued to enable the Bank deliver quality customer service and strengthen investor confidence in the business.
“Providing unequalled customer experience and delivering superior shareholder value is our core vision; however, meeting this mandate is difficult without the right staff. At Diamond, we believe that people are key to providing quality customer experience.
That is why despite the hard economic conditions in the country, we are promoting our workers and placing much emphasis on career development of staff members,” she said.
According to the bank, Chizoma Okoli, Executive Director, Business Development and Chiugo Ndubisi, Executive Director/Chief Financial Officer, joined the bank as Executive Trainees in 1992 and 1996 respectively and rose through the ranks to their current positions on the Board of the bank.
Commenting on the appointment of Chizoma and Chiugo to the Executive Management of the Bank, Chioma said: These appointments further demonstrates our devotion to provide a viable platform for our staff to work and excel while grooming them to take on more challenges as they progress within the organisation. We are convinced that Chizoma and Chiugo will play pivotal roles in the next phase of the Bank’s evolution especially at the Board level.
With these new appointments and promotions, the Bank has strengthened its workforce and fortified its Management team, led by Uzoma Dozie, to take on the challenges and opportunities in the business years ahead.
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