Category: Capital Market/Banking

Sterling Bank Secures CBN’s Approval To Restructure As Holding Company
September 29, 2020 No Responses

Sterling Bank Secures CBN’s Approval To Restructure As Holding Company

The management of Sterling Bank Plc has secures Central Bank of Nigeria’s (CBN) approval in principle to restructure as a holding company.  In a statement posted on the Nigerian Stock Exchange (NSE) website, the bank’s Chief Executive Officer, Mr Abubakar...
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Bankers Institute Re-Certifies NDIC Academy
September 28, 2020 No Responses

Bankers Institute Re-Certifies NDIC Academy

The Nigeria Deposit Insurance Corporation (NDIC) Academy has been re-certified and its accreditation renewed as a training service provider for various professionals in the banking industry for the next three years. A statement by Mr Sunday Oluyemi, the Direct...
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Market Capitalisation Sustains Growth By N67b
September 23, 2020 No Responses

Market Capitalisation Sustains Growth By N67b

The Nigerian Stock Exchange (NSE) key market indicators on Wednesday sustained positive rally, appreciating by 0.50 per cent due to monetary policy rate cut to 11.5 per cent. Speficially, the market capitalisation rose by N67 billion to close at N13.474...
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Mixed Reactions Trail CBN‘s MPR Cut
September 23, 2020 No Responses

Mixed Reactions Trail CBN‘s MPR Cut

Finanical experts on Tuesday expressed mixed reactions to the 100 basis points slash in the Monetary Policy Rate (MPR) by the Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN). The financial experts spoke with the News Agency...
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Ecobank Boss Implores Africa On Trade Facilitation, Wealth Creation
September 23, 2020 No Responses

Ecobank Boss Implores Africa On Trade Facilitation, Wealth Creation

The Chief Executive Officer, Ecobank Transnational Incorporated (ETI), Ade Ayeyemi has reiterated that African countries must adopt a continent wide approach to business and also focus on wealth creation to be relevant in the global value chain.  &nb...
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Nigeria Highlights Capital Market Investment Opportunities
September 22, 2020 No Responses

Nigeria Highlights Capital Market Investment Opportunities

Representatives of the Nigerian Stock Exchange (NSE), Nigerian International Securities Limited (NISL) and the Chartered Institute of Stockbrokers (CIS) on Monday committed to expanding retail investment opportunities in the capital market.   The rep...
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Economic Recovery: Heritage Bank Boss Seeks More Impactful Role In Banking
September 21, 2020 No Responses

Economic Recovery: Heritage Bank Boss Seeks More Impactful Role In Banking

In the quest to aid speedy economic recovery and impactful service delivery to stakeholders caused by macro-economic headwinds and Covid-19, banking sector’s players have been charged to maximize the opportunities by re-strategizing its roles that will addre...
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SEC: Digital Assets Classification Aimed At Investor Protection
September 21, 2020 No Responses

SEC: Digital Assets Classification Aimed At Investor Protection

The Securities and Exchange Commission (SEC) has said that the recently released SEC Statement on Digital Assets and their Classification and Treatmen is aimed at boosting investors’ protection in the capital market.Emomotimi Agama, Head, Registration, Excha...
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Ecobank MD: Innovations, Disruptions Will Continue To Define Future Of Banking In Nigeria
September 20, 2020 No Responses

Ecobank MD: Innovations, Disruptions Will Continue To Define Future Of Banking In Nigeria

The Managing Director, Ecobank Nigeria, Patrick Akinwuntan has reiterated that the future of Nigerian banking would continue to be shaped by innovations and technology disruptions, stressing that only financial institutions that are amenable to such transforma...
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Polaris Bank Appoints Opeke Executive Director
September 20, 2020 No Responses

Polaris Bank Appoints Opeke Executive Director

The Board of Directors of Polaris Bank Ltd and Asset Management Corporation of Nigeria has appointed Mr Segun Opeke as an Executive Director.  The bank’s Company Secretary, Mr Babatunde Osibodu, announced the appointment in a statement.  Osibodu ex...
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WFE Issues Guidance On Fair, Orderly Markets As New Wave Looms
September 15, 2020 No Responses

WFE Issues Guidance On Fair, Orderly Markets As New Wave Looms

The World Federation of Exchanges (WFE) has issued a Guidance Note, aimed at policy questions arising from any resurgence of market volatility.   In particular, the WFE’s Guidance focuses on how exchanges create fair and orderly markets; and why, when...
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OPay Partners WorldRemit On International Money Transfer
September 15, 2020 No Responses

OPay Partners WorldRemit On International Money Transfer

Opay, A Nigerian financial service technology company, has partnered WorldRemit, a global digital payment platform, on direct transfer of money into its mobile wallets in the country.  In a statement on Tuesday, Opay’s Director of Remittance Service, Mr...
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Market Capitalisation Recovers N50b
September 10, 2020 No Responses

Market Capitalisation Recovers N50b

The key market indicators of the nation’s bourse recorded first week gain on Thursday, rebounding by 0.38 per cent on renewed bargain hunting.   Specifically, the All-Share Index improved by 96.06 per cent or 0.38 per cent to close at...
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AfDB Approves $27.33m For AU’s COVID-19 Response Initiative
September 10, 2020 No Responses

AfDB Approves $27.33m For AU’s COVID-19 Response Initiative

The African Development Bank (AfDB) has approved $27.33 million  in grants to boost the African Union’s  efforts to mobilise a continental response to curb the COVID-19 pandemic.  According to a statement from the AfDB, the approval was m...
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