Category: Capital Market/Banking

Lockdown: Access Bank Unveils Seamless Transactions App
April 5, 2020 No Responses

Lockdown: Access Bank Unveils Seamless Transactions App

Access Bank Plc has launched a new mobile banking application tagged “AccessMore” to ensure easy access to funds and seamless transactions by customers, amid COVID-19 lockdown. Mr Herbert Wigwe, the bank’s Chief Executive Officer, said this in a statement in...
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BoI Declares N39.33b Profit, Raises $1.11b To Boost Operations
April 2, 2020 No Responses

BoI Declares N39.33b Profit, Raises $1.11b To Boost Operations

For the financial year ended December 31, 2019, the Bank of Industry (BoI) recorded a profit before tax of N39.33 billion.  According to the Bank, the profit represent growth of 7.2 per cent when compared with ₦36.66 billion achieved in...
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COVID-19 Relief Fund Hits N15b
April 2, 2020 No Responses

COVID-19 Relief Fund Hits N15b

The Central Bank of Nigeria (CBN) on Wednesday disclosed that monetary contributions to its relief fund under the auspices of Private Sector Coalition Against COVID-19 (CACOVID) stood at N15 Billion. CBN Director of Corporate Communications, Isaac Okorafor, ex...
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NSE Resumes April Trading With 0.94% Loss
April 1, 2020 No Responses

NSE Resumes April Trading With 0.94% Loss

Activities opened for the month of April on Wednesday still on a bearish trend, with a loss of 0.94 per cent.The News Agency of Nigeria (NAN) reports that the All-Share Index (ASI) dipped199.93 points or 0.94 per cent to close...
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Stock Markets Record Worst Quarter In 33 Years
April 1, 2020 No Responses

Stock Markets Record Worst Quarter In 33 Years

Stock markets around the world suffered historic losses in the first three months of the year amid a massive sell-off tied to the coronavirus. The Dow Jones Industrial Average and London’s FTSE 100 saw their biggest quarterly drops since 1987,...
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Prudential Zenith Life Insurance Rolls Out COVID–19 Services
March 31, 2020 No Responses

Prudential Zenith Life Insurance Rolls Out COVID–19 Services

In the face of the coronavirus pandemic and the resulting lockdown, Prudential Zenith Life Insurance is rolling out a range of services to help customers cope with the lockdown.The new services include a range of additional COVID-19 insurance cover enhancement...
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NSE To Sustain Remote Trading
March 31, 2020 No Responses

NSE To Sustain Remote Trading

The Nigerian Stock Exchange (NSE) has assured investors of seamless trading during the 14 days lockdown to stem the spread of coronavirus in the country. The exchange gave the assurance  in a statement issued in Lagos by Mr Olumide Orojimi,...
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WFE Warns Against Short-Selling Bans
March 31, 2020 No Responses

WFE Warns Against Short-Selling Bans

The World Federation of Exchanges (WFE) on Monday issued a statement, criticising recent bans on short-selling as damaging to markets and failing to achieve their desired effect. WFE CEO Nandini Sukumar said:“Banning short-selling interferes with price forma...
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UBA Presents N28.5m To Nasarawa
March 31, 2020 No Responses

UBA Presents N28.5m To Nasarawa

The United Bank for Africa (UBA), through the UBA Foundation, has donated N28.5 million to the Nasarawa State Government, as the bank’s contribution towards the fight against the coronavirus pandemic. Mr Danjuma Salihu, Regional Head, UBA North Central, pres...
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Ecobank Deploys N100m For COVID-19 Campaign
March 30, 2020 No Responses

Ecobank Deploys N100m For COVID-19 Campaign

As part measures to check the rising spread of Corona Virus Disease (COVID-19),Ecobank Nigeria votes N100million to drive its National Radio Campaign tagged: “StaySafeNigeria”, In a statement on Sunday, the Bank explained that the campaign, which is a call...
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SEC Nigeria Unveils Regulatory Framework For Crowd Funding
March 30, 2020 No Responses

SEC Nigeria Unveils Regulatory Framework For Crowd Funding

Conscious of the need to further deepen the nation’s capital market and enable it provide development capital for Medium and Small-scale Enterprises of the economy, Nigeria’s Securities and Exchange Commission (SEC), at the weekend unveiled an exposure dra...
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COVID-19: Heritage Bank Sustains Seamless Service To Stakeholders
March 30, 2020 No Responses

COVID-19: Heritage Bank Sustains Seamless Service To Stakeholders

As the world grapple with the impact of the outbreak of Coronavirus pandemic, which has continued to cause worldwide challenges for healthcare systems, economies and corporate organisations, Heritage Bank Plc has taken practicable steps to offer seamless servi...
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First Bank: Our Branches Are Open Nationwide
March 29, 2020 No Responses

First Bank: Our Branches Are Open Nationwide

Foremost financial institution, First Bank of Nigeria Limited, on Saturday, explained that following the directives for partial lockdown in several  States across the country, the Bank will be offering skeletal services in some branches across the nation. A s...
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Sterling Bank Declares N10.6b Profit In 2019
March 28, 2020 No Responses

Sterling Bank Declares N10.6b Profit In 2019

Sterling Bank Plc has reported an audited profit after tax (PAT) of N10. 6 billion on gross earnings of N150.2  billion for the year ended December 31, 2019, compared to a net profit of N9.2 billion in the corresponding period...
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