Category: Capital Market/Banking

SEC Receives CIS Delegation, Harps On Cooperation To Bridge Infrastructure Gap 
June 27, 2022 No Responses

SEC Receives CIS Delegation, Harps On Cooperation To Bridge Infrastructure Gap 

By Moses Ebosele, ebosele@hotmail.com   — The Director-General, Securities and Exchange Commission (SEC), Mr. Lamido Yuguda has challenged relevant stakeholders to cooperate with the Securities and Exchange Commission (SEC) in its desire to help bridge the infrastructure gap in the country.  Speaking...
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CBN Takes eNaira Campaign To Traders
June 26, 2022 No Responses

CBN Takes eNaira Campaign To Traders

The Central Bank of Nigeria (CBN) in collaboration with the Bankers Committee, on Saturday, sensitised traders and consumers at Tejuosho Market on how to conduct eNaira transactions. Traders in wears, shoes, and kitchen items, among other commodities, were enc...
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SEC Nigeria Identifies Critical Factors For Successful Capital Market Inclusion 
June 22, 2022 No Responses

SEC Nigeria Identifies Critical Factors For Successful Capital Market Inclusion 

Availability, affordability, accessibility, awareness and adequacy of capital market products will drive inclusion in the market across the country, the Securities and Exchange Commission (SEC), has said  Mr Lamido Yuguda, the Director-General of SEC, out...
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Stock Market Rebounds, Capitalisation Increases By N180b
June 22, 2022 No Responses

Stock Market Rebounds, Capitalisation Increases By N180b

The market capitalisation of the Nigerian Exchange (NGX) closed trading on Tuesday with a gain of N180 billion to close at N27.544 trillion against N27.364 trillion posted on Wednesday, halting five days of consecutive losses.  Similarly, the All-Share In...
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Dangote Sugar Shareholders Get N12.147b Dividend For 2021
June 16, 2022 No Responses

Dangote Sugar Shareholders Get N12.147b Dividend For 2021

Dangote Sugar Refinery Plc has restated its commitment to the achievement of Sugar Backward integration projects, describing it as the best thing that happened to the sector. Speaking to shareholders at the 16th Annual General Meeting (AGM) of Dangote Sug...
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CBN, Bankers’ Committee To Unveil Non-Oil Export Optimisation Framework 
June 15, 2022 No Responses

CBN, Bankers’ Committee To Unveil Non-Oil Export Optimisation Framework 

The Central Bank of Nigeria (CBN) has developed a comprehensive non-oil export optimisation framework, which would be launched at its maiden summit on non-oil exports on June 16.  The Director, Corporate Communications Department, CBN, Mr Osita Nwanisobi,...
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FirstBank Gets $150m From Afreximbank To Support Businesses
June 14, 2022 No Responses

FirstBank Gets $150m From Afreximbank To Support Businesses

African Export-Import Bank (Afreximbank) has disbursed $150 million to First Bank of Nigeria under it’s Pandemic Trade Impact Mitigation Facility (PATIMFA).  Group Head, Marketing and Corporate Communications, FirstBank, Mrs Folake Ani-Mumuney, in a stateme...
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Experts To Brainstorm On Nigeria’s Financial Inclusion Initiative At Oriental News Confab 
June 12, 2022 No Responses

Experts To Brainstorm On Nigeria’s Financial Inclusion Initiative At Oriental News Confab 

Key stakeholders in Nigeria’s financial sector would engage in a robust round table discussion on governments key policy which centers around inclusive financial system that will cover all strata of the society.  The experts drawn from key private s...
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Squad by GTCO: Reshaping the Nigerian Payment Space
June 11, 2022 No Responses

Squad by GTCO: Reshaping the Nigerian Payment Space

Fragmentation in the Nigerian payment space has served more as a constraint than an enabler; Squad by GTCO positions to lead with innovation and efficiency Without a doubt, digital payment is the next growth frontier for financial services. Amongst other...
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NGX Implores Firms On Sustainable Business Practices
June 10, 2022 No Responses

NGX Implores Firms On Sustainable Business Practices

Chief Executive Officer of Nigerian Exchange (NGX), Mr Temi Popoola, has called on organisations to adopt sustainable business practices and report sustainability performance to stakeholders.  Popoola made this call while speaking at the Digital Closing G...
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Access Bank Acquires $37m Stake In Kenya’s Sidian Bank
June 9, 2022 No Responses

Access Bank Acquires $37m Stake In Kenya’s Sidian Bank

Access Bank Holding Plc has concluded plans to acquire Kenya’s Sidian Bank Ltd., for N15 billion ($37 million).     The bank disclosed this in a notice signed by Mr Sunday Ekwochi, Company Secretary of the bank, and made available on the....
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TAJBank Explains N100b Maiden Sukuk Offering For Private Sector
June 7, 2022 No Responses

TAJBank Explains N100b Maiden Sukuk Offering For Private Sector

TAJBank Limited, Nigeria’s leading non-interest bank, is set to launch Nigeria’s first private sector Sukuk offering valued at N100 billion.  According to a statement by the bank’s Managing Director, Mr Hamid Joda, the Sukuk offering is currently un...
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Fidelity Bank Bags SME Award  
June 7, 2022 No Responses

Fidelity Bank Bags SME Award  

Fidelity Bank Plc has been recognized as the ‘Best SME Bank in Nigeria’ by the Global Finance Banking & Finance Awards 2022.  According to the organizers, Global Banking and Finance review, the bank has presented the award after a comprehensive...
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SEC Proposes Unique Identifiers For Capital Market Participants  
June 6, 2022 No Responses

SEC Proposes Unique Identifiers For Capital Market Participants  

To curtail fraud in the capital market and reduce the quantum of unclaimed dividends, the Securities and Exchange Commission (SEC) has concluded plans to give capital market participants unique identifiers.   According to SEC, this formed part of ongoing...
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