Category: Capital Market/Banking

Again, SEC Urges Nigerians to Shun Ponzi Schemes
August 12, 2019 No Responses

Again, SEC Urges Nigerians to Shun Ponzi Schemes

Nigerians have again been advised to desist from investing their money in various investment schemes that are not registered to carry out fund management functions. This was stated weekend by Ag. Director General of the Securities and Exchange Commission (SEC),...
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CBN Injects $280.04m, CNY 28.3m Into Retail SMIS
August 10, 2019 No Responses

CBN Injects $280.04m, CNY 28.3m Into Retail SMIS

The Retail Secondary Market Intervention Sales (SMIS) has received a boost of $280.04 million from the Central Bank of Nigeria (CBN), which also injected the sum of CNY 28.3 million in the spot and short tenored forwards segment of the...
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Hamzat, Okonkwo, Seek More Finance, Infrastructure To Grow SMEs
August 8, 2019 No Responses

Hamzat, Okonkwo, Seek More Finance, Infrastructure To Grow SMEs

The managing director and chief executive of Fidelity Bank, Mr Nnamdi Okonkwo, and the deputy governor of Lagos State, Dr Obafemi Hamzat, on Wednesday  emphasized the need for access to finance, and infrastructure for small businesses and entrepreneurs fo...
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Olam Stakes N120b For Dangote Flour Mill
August 7, 2019 No Responses

Olam Stakes N120b For Dangote Flour Mill

Foremost food and agri-business company, Olam International,  that previously showed interest in the acquisition of Dangote Flour Mill (DFM) has made a final offer of N120 billion. The transaction if successful will make DFM a completely owned subsidiary ...
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NSE Appoints Tuface Ambassador
August 7, 2019 No Responses

NSE Appoints Tuface Ambassador

The Nigerian Stock Exchange (NSE) on Tuesday in Lagos appointed International Award-Winning artist, Innocent Idibia’ popularly known as `Tuface or 2Baba` as its ‘Good Cause Ambassador’. Speaking at the unveiling ceremony,  NSE Chief Executive Office...
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Nigeria Begins Sale Of 2, 3 Year Savings Bonds
August 6, 2019 No Responses

Nigeria Begins Sale Of 2, 3 Year Savings Bonds

The Federal Government on Monday offered for subscription two-year savings bond at 10.301 per cent and three-year savings bond at 11.301 per cent per annum, the Debt Management Office (DMO) has said.According to the offer circular obtained from the DMO...
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Nigeria To Address VAT Exemption, Others On Capital Market Transactions
August 5, 2019 No Responses

Nigeria To Address VAT Exemption, Others On Capital Market Transactions

The Federal Government has stated that it is already tackling the issues regarding stamp duties collection and the extension of the VAT exemption on capital market transactions.This was stated by Vice President Yemi Osibanjo at the Awards Night of the...
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UBA Rewards 20 Promo Winners With N30m
August 3, 2019 No Responses

UBA Rewards 20 Promo Winners With N30m

United Bank for Africa (UBA) Plc, has again rewarded another 20 customers who have emerged winners in the third quarterly draw of the UBA Wise Savers Promo winning N1.5 million each, bringing the total amount won so far by 60...
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NSE Delists First Aluminium Shares
August 2, 2019 No Responses

NSE Delists First Aluminium Shares

The Nigerian Stock Exchange (NSE) has delisted  the entire issued share capital of First Aluminium Nigeria Plc.  In a statement, NSE explained that the move followed the suspension of trading in the shares of the company in preparation for the...
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NSE Unveils N30,000 Per Unit Factbook
August 1, 2019 No Responses

NSE Unveils N30,000 Per Unit Factbook

The Nigerian Stock Exchange (NSE) has unveiled its 2019 factbook. The Factbook is a compendium of capital market information, aimed at ensuring availability and easy access to current and historical market information for both local and foreign investors. &nbs...
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CBN Boosts Wholesale Segment, Others With $210m
July 31, 2019 No Responses

CBN Boosts Wholesale Segment, Others With $210m

In its last intervention for the month of July, the Central Bank of Nigeria (CBN) has injected the sum of $210 million into the inter-bank Foreign Exchange Market. Figures obtained from the CBN on Tuesday, July 30, 2019, indicated that...
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Heritage Bank’s Training Institute gets CIBN accreditation As Refinery School
July 31, 2019 No Responses

Heritage Bank’s Training Institute gets CIBN accreditation As Refinery School

Heritage Bank Plc’s training school, known as The Refinery, for new entrant staff, has been accredited by the Governing Council of the Chartered Institute of Bankers of Nigeria. The Refinery, supervised by the Bank’s Human Capital Management Group, was acc...
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Union Bank Explains N12.1b Profit Before Tax
July 30, 2019 No Responses

Union Bank Explains N12.1b Profit Before Tax

Union Bank of Nigeria (UBN) Plc has  declared  profit before tax of N12.1 billion for the half year ended June 30, 2019. The profit represented a growth of four per cent when compared with N11.7 billion achieved in the comparative...
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UBA Pledges More Funding For SMEs
July 27, 2019 No Responses

UBA Pledges More Funding For SMEs

The United Bank for Africa Plc (UBA) has pledged more funding for the growth and development of Small and Medium Scale Enterprises (SME’s) in Africa. The General Managing Director, UBA, Mr Kennedy Uzoka disclosed this on Friday in Abuja at...
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