Category: Capital Market/Banking

CBN, Bankers’ Committee Halt Sack Of Banks’ Staff
May 4, 2020 No Responses

CBN, Bankers’ Committee Halt Sack Of Banks’ Staff

The Central Bank of Nigeria (CBN) and Bankers’ Committee on Sunday suspended retrenchment or laying-off of any staff of banks, whether full or part time. The CBN Director, Corporate Communications Department, Mr Isaac Okorafor made this known in a statement....
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COVID- 19: Withdraw Old Naira Notes, Group Tells CBN
May 2, 2020 No Responses

COVID- 19: Withdraw Old Naira Notes, Group Tells CBN

The Association of Progressive Nigerians has appealed to the Central Bank of Nigeria (CBN) to withdraw old and tattered naira notes from circulation as the country is battling COVID- 19 pandemic. The group made the appeal in a statement it...
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NECA Faults FIRS’ Call For Advance Tax Payment
May 1, 2020 No Responses

NECA Faults FIRS’ Call For Advance Tax Payment

The Nigeria Employers’ Consultative Association (NECA) has faulted the Federal Inland Revenue Service (FIRS)’s request asking companies to pay their taxes in advance. Its Director-General, Mr Timothy Olawale, who expressed the concern in a statement on Fri...
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UBA Delivers Impressive Returns on Investment, as Shareholders Applaud Bank’s Support in Fight against COVID-19
May 1, 2020 No Responses

UBA Delivers Impressive Returns on Investment, as Shareholders Applaud Bank’s Support in Fight against COVID-19

Leading African financial institution, United Bank for Africa Plc (UBA) held its Annual General Meeting virtually by proxy on Wednesday, April 29, 2020 – a first in UBA’s seventy-one year history. The meeting, which had in attendance shareholders, manageme...
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Access Bank Shareholders Laud 2019 Performance, Dividend Payment
May 1, 2020 No Responses

Access Bank Shareholders Laud 2019 Performance, Dividend Payment

Access Bank Plc shareholders on Thursday commended the board, management and staff for the impressive performance recorded in 2019 financial year in spite of challenging operating environment. The shareholders gave the commendation at the bank’s 31st Annual ...
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First Bank’s *894# USSD Banking Service Hits 9.5m Customers
May 1, 2020 No Responses

First Bank’s *894# USSD Banking Service Hits 9.5m Customers

First Bank of Nigeria Limited said on Thursday that its *894# Unstructured Supplementary Service Data (USSD) quick banking service was being used by no fewer than 9.5 million customers. Mr Chuma Ezirim, First Bank’s Group Executive, e-Business, Retail Produc...
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3,256 Benefits From CBN N50b COVID-19 Credit Facility
April 30, 2020 No Responses

3,256 Benefits From CBN N50b COVID-19 Credit Facility

No fewer than 3,256 individuals and small businesses have so far benefited from the Central Bank of Nigeria’s (CBN) N50 billion Targeted Credit Facility (TCF) to cushion effects of COVID-19. The Managing Director of Nigeria Incentive-Based Risk Sharing Syste...
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NSE Reiterates Commitment To Business Opportunities, Market Sustainability
April 30, 2020 No Responses

NSE Reiterates Commitment To Business Opportunities, Market Sustainability

The Nigerian Stock Exchange (NSE) has pledged to sustain market activities, leverage all available opportunities and maintain open lines of communication to all  stakeholders.  Chief Executive Officer of NSE, Oscar N. Onyema in an interview published...
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Zenith Bank Declares N166.8b Gross Earnings In Q1
April 30, 2020 No Responses

Zenith Bank Declares N166.8b Gross Earnings In Q1

Zenith Bank Plc has announced its unaudited results for the first quarter ended March 31 2020, with gross earnings rising by 6% from N158.1 billion in March 2019 to N166.8 billion. From the unaudited statement of account which was presented...
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Ecobank Records Increase In Customers Adoption Of Digital Channels,Posts $90m PBT In Q1
April 30, 2020 No Responses

Ecobank Records Increase In Customers Adoption Of Digital Channels,Posts $90m PBT In Q1

For the first quarter ended March 31, 2020, Ecobank recorded significant increases in customer adoption rates on its digital/online channels.   According to the Bank, adoption rates are expected to accelerate as COVID-19 induced lockdowns change...
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CBN Resumes Dollar Sales For SMEs, School Fees
April 29, 2020 No Responses

CBN Resumes Dollar Sales For SMEs, School Fees

The Central Bank of Nigeria (CBN) has resumed provision of foreign exchange to all commercial banks for onward sales to parents wishing to pay school fees and Small and Medium Enterprises (SMEs). The CBN Director,  Corporate Communications, Mr Isaac Okora...
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Union Bank Declares N42.6b Gross Earnings In Q1
April 29, 2020 No Responses

Union Bank Declares N42.6b Gross Earnings In Q1

Union Bank of Nigeria Plc on Wednesday announced gross earnings of N42.6 billion in its unaudited financial statements for the first quarter ended March 31, 2020. The gross earnings represented an increase of 18 per cent when compared with N36.1...
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UBA Shareholders Okay N34.19b Dividend For 2019
April 29, 2020 No Responses

UBA Shareholders Okay N34.19b Dividend For 2019

The United Bank for Africa (UBA) Plc shareholders, on Wednesday, commended the bank for declaring a dividend of N34.19 billion for the financial year ended Dec. 31, 2019. The shareholders gave their commendation at the bank’s 58th and first virtual...
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FMDQ Admits United Capital, Sterling Bank CP Notes To Its Platform
April 29, 2020 No Responses

FMDQ Admits United Capital, Sterling Bank CP Notes To Its Platform

FMDQ Exchange has announced the approval and admission of the United Capital Plc and Sterling Bank Plc Commercial Paper (CP) notes to its trading platform. The company said in a statement posted on its website on Tuesday that it admitted...
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