Category: Capital Market/Banking

Unity Bank To Pay N10m Damages
February 1, 2020 No Responses

Unity Bank To Pay N10m Damages

An Ondo State High Court sitting in Akure, on Friday, ruled in favour of Denki Wire and Cable Nigeria Limited, saying it could not be indebted to the tune of N51 million to Unity Bank Plc. The News Agency of...
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UBA Revamps NextGen Account
February 1, 2020 No Responses

UBA Revamps NextGen Account

United Bank for Africa (UBA) Plc, has revamped its NextGen account which targets students in tertiary institutions and members of the National Youth Service Corps (NYSC), with added features and benefits. A statement issued on Friday explained that NextGen is....
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Interswitch Lists ₦23b Bond On NSE
January 31, 2020 No Responses

Interswitch Lists ₦23b Bond On NSE

The Nigerian Stock Exchange (NSE) on Friday admitted  Interswitch Limited’s N23billion Bond.The Callable Senior Unsecured Bond, with a tenor of seven years, at a fixed rate of 15 percent, is part of a N30 billion Debt Issuance Programme issued through.....
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Market Capitalisation Declines By N96b In January
January 31, 2020 No Responses

Market Capitalisation Declines By N96b In January

The All-Share Index of the Nigerian Stock Exchange (NSE) on Friday closed trading for the month of January below 29,000 mark following the dominance of the bears.Specifically, the index on Friday dipped 187.40 points or 0.65 per cent to close...
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Market Capitalisation Drops By N41b
January 31, 2020 No Responses

Market Capitalisation Drops By N41b

Transactions on the Nigerian Stock Exchange(NSE) on Thursday maintained downward trend for the fourth consecutive trading day with the market indicators extending its losing streak by 0.27 per cent. The News Agency of Nigeria (NAN) reports that the market capi...
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DBN Disburses N133b To MSME’s In 18 months
January 30, 2020 No Responses

DBN Disburses N133b To MSME’s In 18 months

In the last 18 months, Development Bank of Nigeria (DBN) disbursed a total of N133 billion to Micro, Small and Medium Enterprises (MSMEs) operators across the country. The DBN Managing Director, Mr Tony Okpanachi, disclosed this at the ongoing Nigerian...
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Market Capitalisation Drops Below N15tri Mark
January 30, 2020 No Responses

Market Capitalisation Drops Below N15tri Mark

The market capitalisation of the Nigerian Stock Exchange (NSE) on Wednesday dropped to N14 trillion mark due to persistent profit taking. Specifically, the market capitalisation which opened at N15.132 trillion shed N138 billion or 0.91 per cent to close at...
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Aisha Hassan-Baba, Orji Join UBA Board
January 29, 2020 No Responses

Aisha Hassan-Baba, Orji Join UBA Board

The United Bank for Africa (UBA) Plc has announced the appointments of Aisha Hassan-Baba and Kenneth Orji as Non-Executive Directors on the Group’s Board.In a notice to the Nigerian Stock Exchange (NSE), UBA explained that the new appointments are subject...
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Union Bank To Divest From UK Subsidiary
January 28, 2020 No Responses

Union Bank To Divest From UK Subsidiary

Union Bank of Nigeria Plc has entered a share sale and purchase agreement to divest its 100% equity stake in Union Bank UK Plc. (UBUK).The Bank explained on Tuesday that the development is aligned with Union Bank’s strategy to geographically...
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Zenith Bank Empowers SMEs, Partners Facebook On Digital Workshop
January 27, 2020 No Responses

Zenith Bank Empowers SMEs, Partners Facebook On Digital Workshop

Nigeria’s leading financial institution, Zenith Bank Plc, has reaffirmed its commitment to support local Small and Medium Scale Enterprises (SMEs) with the introduction of the ‘Zenith Bank SME Digital Workshop’ to provide free digital training for busine...
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SEC Nigeria Goes Tough on Illegal Fund Managers
January 26, 2020 No Responses

SEC Nigeria Goes Tough on Illegal Fund Managers

The Securities and Exchange Commission (SEC) has restated it’s determination to go after illegal fund managers and ensure they are made to face the full wrath of the law.Acting Director-General of the SEC, Mary Uduk, who stated this in an...
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Fidelity Bank Harps On Youth Empowerment, Rewards Customers
January 25, 2020 No Responses

Fidelity Bank Harps On Youth Empowerment, Rewards Customers

To curb crime and unemployment in the country, the Managing Director, Fidelity Bank Plc, Mr Nnamdi Okonkwo has emphasized need for youth empowerment.Speaking in Lagos on Saturday during Fidelity Bank appreciation party themed; ‘Give them Wings’, Okonkwo sa...
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Banking Sector Gross Credit Increases By N2tri In Seven Months
January 25, 2020 No Responses

Banking Sector Gross Credit Increases By N2tri In Seven Months

The Banking Sector Gross Credit increased by two trillion naira in seven months,  the Governor, Central Bank of Nigeria (CBN), Mr Godwin Emefiele has said.   Briefing Journalists on the outcome of Monetary Policy Committee (MPC) meeting held in Abuja...
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First Bank Wins Best Mobile Banking App, Fastest Growing Retail Bank Awards
January 25, 2020 No Responses

First Bank Wins Best Mobile Banking App, Fastest Growing Retail Bank Awards

First Bank of Nigeria Limited has been named 2019 “Best Mobile Banking App” and “Fastest Growing Retail Bank” winner  by Global Business Outlook. The Global Business Outlook Award recognises and rewards excellence in business in companies across t...
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