Category: Capital Market/Banking

COVID 19: FirstBank, Stakeholders To Unveil e-Learning Platform For Children
March 26, 2020 No Responses

COVID 19: FirstBank, Stakeholders To Unveil e-Learning Platform For Children

By Moses Ebosele, ebosele@hotmail.com — As Nigerians grapple with the effect of Corona Virus Disease (COVID-19), First Bank has concluded plans to unveil e-learning platform for children across Nigeria in collaboration with strategic stakeholders.  According to First Bank, building educational...
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Five Largest Banks Declare $26.1b Revenue
March 25, 2020 No Responses

Five Largest Banks Declare $26.1b Revenue

Trade tensions, slow growth, and low-interest rates all left their mark on the world’s largest banks last year, affecting the investment banking revenue they racked up. The five largest global banks hit $26.1bn in investment banking revenue in 2019, 3%...
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Fidelity Bank Explains N30.4b PBT In 2019
March 25, 2020 No Responses

Fidelity Bank Explains N30.4b PBT In 2019

For the 2019 financial year, Fidelity Bank Plc has declared Gross Earnings of delivered Gross Earnings of  N215.5billion, indicating 14.0% more than N189.0billion recorded in 2018, whilst Profit before tax rose by 21.0% to N30.4bn compared with N25.1bn re...
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Ecobank Group Declares 32% Growth In 2019 Profit Before Tax
March 24, 2020 No Responses

Ecobank Group Declares 32% Growth In 2019 Profit Before Tax

For the 2019 financial year, Ecobank Transnational Incorporated (ETI) recorded profit before tax of N146.5 billion, representing 32 per cent increase when compared with the year 2018.  In the financial performance released to the Nigeria stock Exchange (N...
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NSE Resorts To Remote Trading
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 o...
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Coronavirus: We’re Not Shutting Down Operations – Union Bank
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,.....
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Bankers’ Committee Back CBN’s N3.5 trillion Stimulus Package
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...
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Nigeria Devalues Currency, Explains Uniform Exchange Rate
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...
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IOSCO Staff Tests Positive For Covid-19
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...
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Zenith General Insurance Partners MTN On Mobile Insurance Service In Nigeria
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...
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Ecobank Transnational Incorporated Rejigs Board
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...
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Akinwuntan: Ecobank Xpress Save And Xpress Loan Is Designed To Stimulate Micro Savings In The economy
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...
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Zenith Bank Rewards Shareholders With N87.9b Dividend
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...
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CBN Creates N50bn Fund, Cuts Rates On Loans
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...
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