Capital Market/Banking – Page 115

March 24, 2020 No Responses

NSE Resorts To Remote Trading

As part of measures to curtail COVID-19 pandemic, the Nigerian Stock Exchange (NSE) will effective March 25, 2020 temporarily close its trading floors and engage in remote trading. Mr Oscar Onyema, NSE Chief Executive Officer, said in a statement on...

March 23, 2020 No Responses

Coronavirus: We’re Not Shutting Down Operations – Union Bank

The Union Bank of Nigeria Plc, on Sunday, denied social media report that it would shut down its daily operations, beginning from March 23 due to the Coronavirus pandemic. The Head, Corporate Communication and Marketing of the bank, Ogochukwu Ekezie-Ekaidem,.....

March 22, 2020 No Responses

Bankers’ Committee Back CBN’s N3.5 trillion Stimulus Package

As the country continues to record new cases of corona virus, the Central Bank of Nigeria (CBN) and the Bankers’ Committee rose from an extra-ordinary meeting held in Lagos on Saturday, March 21, 2020, with the pledge to grant funding...

March 21, 2020 No Responses

Nigeria Devalues Currency, Explains Uniform Exchange Rate

The Central Bank of Nigeria (CBN) on Friday devalued the naira to N380 to a dollar and adopted a unified exchange rate. Under the arrangement, the apex Bank pushed the official rate of the naira to N376 to dollar for...

March 20, 2020 No Responses

IOSCO Staff Tests Positive For Covid-19

The IOSCO General Secretariat on Friday confirms that a member of its staff at its headquarters in Madrid has tested positive for Covid-19.IOSCO explained that the individual is receiving medical treatment and “we wish our colleague a quick and full...

March 20, 2020 No Responses

Zenith General Insurance Partners MTN On Mobile Insurance Service In Nigeria

Zenith General Insurance Company Limited also known as Zenith Insurance has, in a trailblazing move, partnered with Telecommunications giant – MTN Nigeria to provide the first ever mobile insurance service in Nigeria.A statement explained that ssing the USSD...

March 18, 2020 No Responses

Ecobank Transnational Incorporated Rejigs Board

Ecobank Transnational Incorporated, ETI, the Lomé-based parent company of the Ecobank Group, has announced two new appointments and changes on its Board of Directors.A statement issued by Group Head, Corporate Communications Ecobank Transnational Incorporated...

March 18, 2020 No Responses

Akinwuntan: Ecobank Xpress Save And Xpress Loan Is Designed To Stimulate Micro Savings In The economy

The Managing Director, Ecobank Nigeria, Patrick Akinwuntan said the Ecobank Xpress Save and Xpress Loan is a digital product designed to stimulate micro savings in the economy. According to the bank Managing Director, this innovative product is par...

March 17, 2020 No Responses

Zenith Bank Rewards Shareholders With N87.9b Dividend

By Moses Ebosele, ebosele@hotmail.com For the 2019 financial year, Shareholders of Zenith Bank Plc, on Monday, in Abuja, unanimously approved final dividend of N2.50 per share, bringing the total dividend payment to N2.80 per share with a total valu...

March 17, 2020 No Responses

CBN Creates N50bn Fund, Cuts Rates On Loans

The Central Bank of Nigeria (CBN) Monday cut interest rates on all applicable CBN intervention facilities from 9 to 5 percent per annum for one year effective March 1, 2020. The apex Bank also granted a further moratorium of one...

March 16, 2020 No Responses

SEC Capital Market Institute Expands Operations

As part of measures to provide excellent capital market education to stakeholders, the Nigerian Capital Market Institute (NCMI) is to operate from three centres. This was stated by acting Director-General of the SEC, Ms. Mary Uduk during a meeting with...

March 14, 2020 No Responses

Access Bank Sets Aside N1b For DiamondXtra Season 12

Access Bank Plc on Friday unveiled DiamondXtra season 12 savings promo to boost savings culture and drive Federal Government’s financial inclusion initiative. The bank’s Executive Director, Retail Banking, Mr Victor Etuokwu, explained at the launch in Lago...

March 13, 2020 No Responses

Coronavirus Crashes Global Stock Markets

Shares around the world have plunged as investors fear the spread of the coronavirus will destroy economic growth with government action insufficient to arrest the decline. The main UK index dropped more than 10% in its worst day since 1987....

March 10, 2020 No Responses

Obaseki To Seek Funding For Edo Projects From NSE

Edo State Government is to raise instruments from the Nigerian Stock Exchange (NSE) for developmental projects. The State Governor, Godwin Obaseki, stated this on Monday during a courtesy visit to the NSE in Lagos. Obaseki, who assured the capital market...

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Category: Capital Market/Banking