Category: Capital Market/Banking

SEC Capital Market Institute Expands Operations
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...
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Access Bank Sets Aside N1b For DiamondXtra Season 12
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...
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Coronavirus Crashes Global Stock Markets
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....
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Obaseki To Seek Funding For Edo Projects From NSE
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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Access Bank Unveils TraderLite For Micro SMEs
March 10, 2020 No Responses

Access Bank Unveils TraderLite For Micro SMEs

In the bid to stimulate the growth of the economy, Nigeria’s leading retail bank, Access bank plc has launched TraderLite, an account that enables micro businesses, with turnover between N50, 000 – N1Million, operate their businesses with their individual ...
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Investors lose N329b
March 9, 2020 No Responses

Investors lose N329b

The Nigerian Stock Exchange (NSE) market capitalisation opened the week on Monday with a huge loss of N329 billion due to persistent fall in global oil price and rising cases of COVID-19.The News Agency of Nigeria (NAN) reports that the...
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Access Bank Declares 40k Final Dividend
March 8, 2020 No Responses

Access Bank Declares 40k Final Dividend

Access Bank Plc is to pay a final dividend of 40kobo per share, bringing total dividend for the year ended December 31st, 2019 to 65kobo. Within the year under review, the bank recorded gross earnings of N666.75 billion, 26.10 per...
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NSE Boss Advocates Gender Equality
March 7, 2020 No Responses

NSE Boss Advocates Gender Equality

The  Chief Executive Officer, Nigerian Stock Exchange (NSE), Mr Oscar Onyema on Friday said gender equality was important to reduce employment and entrepreneurship gaps in the country. Onyema stated this at a symposium organised by the Exchange in Lagos t...
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Fidelity Bank To Bridge Finance Gaps For Women Entreprenuers, MSMEs
March 7, 2020 No Responses

Fidelity Bank To Bridge Finance Gaps For Women Entreprenuers, MSMEs

Fidelity Bank Plc on Friday expressed commitment to continuous support and development of women entrepreneurs to address the short-term financing needs of Micro, Small & Medium Enterprises (MSMEs). Mr Nnamdi Okonkwo, the bank’s Managing Director, stated ...
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Union Bank Explains First Dividend In Ten Years, Agenda For 2020
March 6, 2020 No Responses

Union Bank Explains First Dividend In Ten Years, Agenda For 2020

By Moses Ebosele, ebosele@hotmail.com — For the first time in more than ten years, Union Bank Nigeria Plc has set aside dividend for its shareholders.  The 25kobo dividend is for the financial year ended December 31, 2019 and is based...
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Osibanjo: FG Will Use New Finance Act To Protect MSMEs
March 6, 2020 No Responses

Osibanjo: FG Will Use New Finance Act To Protect MSMEs

The Federal Government will use the opportunities provided by the newly signed Finance Act to protect Micro Small and Medium-scale Enterprises (MSME) in the country, Vice President Yemi Osibanjo, has said.  Speaking on Thursday in Abakaliki during the lau...
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2019: Coronation Merchant Bank Declares N5.09b
March 6, 2020 No Responses

2019: Coronation Merchant Bank Declares N5.09b

Coronation Merchant Bank Limited on Thursday announced a profit after tax of N5.09 billion for the financial year ended Dec. 31, 2019. The profit after tax represents a growth of 14 per cent when compared with N4.48 billion recorded in...
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Again, Zenith Bank Emerges Most Valuable Banking Brand In Nigeria
March 4, 2020 No Responses

Again, Zenith Bank Emerges Most Valuable Banking Brand In Nigeria

Foremost financial institution, Zenith Bank Plc has again emerged as the Most Valuable Banking Brand in Nigeria in the new Banker Magazine Top 500 Banking Brands 2020.For the third consecutive year, Zenith Bank has been ranked as the number one...
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Nestle, MTN Nigeria Top Gainers’ Table As NSE Recovers N232b
March 4, 2020 No Responses

Nestle, MTN Nigeria Top Gainers’ Table As NSE Recovers N232b

The Nigerian Stock Exchange (NSE) on Tuesday recovered 1.70 per cent on renewed investors’ interest in high yield dividend stocks. Speficially, the All-Share Index, which opened at 25,816.57, inched 438.54 points or 1.70 per cent to close at 26,255.11. Conse...
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