Category: Capital Market/Banking

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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ABCON To CBN: Sustain Robust FX Policy In 2020
January 24, 2020 No Responses

ABCON To CBN: Sustain Robust FX Policy In 2020

The President, Association of Bureau De Change Operators of Nigeria (ABCON),  Alhaji Aminu Gwadabe, on Thursday urged the Central Bank of Nigeria (CBN) to sustain its robust foreign exchange policy in 2020. According to Gwadabe, the stability of the naira...
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NSE Sustains Growth With N114billion
January 18, 2020 No Responses

NSE Sustains Growth With N114billion

The Nigerian Stock Exchange (NSE) All-Share Index on Friday rose by 0.90 per cent in spite of rise in inflation rate recorded in December 2019. The News Agency of Nigeria (NAN) reports that the index rose by 265.39 points or...
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Market Capitalisation Recovers N150b
January 17, 2020 No Responses

Market Capitalisation Recovers N150b

After two days of loss, trading activities rebounded on the Nigerian Stock Exchange (NSE) on Thursday following investors’ interest in some highly capitalised equities.Specifically, the market capitalisation of listed equities grew by N150 billion or one per...
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ICPC To Track Fraudulent Activities In Capital Market
January 15, 2020 No Responses

ICPC To Track Fraudulent Activities In Capital Market

“I understand the need to protect investors because the capital market has been so badly affected by the activities of fraudulent individuals and organizations, Chairman, Independent Corrupt Practices and other Related Offences Commission (ICPC), Prof Bolaji...
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NSE Projects Outlook For 2020
January 14, 2020 No Responses

NSE Projects Outlook For 2020

The Chief Executive Officer, Nigerian Stock Exchange (NSE), Mr Oscar Onyema on Monday presented the key performance of the Exchange in 2019 and gave a prognosis for the market in the New Year 2020. Speaking at the event titled: 2019...
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MTN Appreciates Further On NSE
January 14, 2020 No Responses

MTN Appreciates Further On NSE

The Nigerian Stock Exchange (NSE) resumed trading for the week on Monday still on a bullish trend following investors’ interest in MTN Nigeria Communication due to the tax debt reprieve. The News Agency of Nigeria (NAN) reports that MTNN appreciated...
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SEC Boss: Market Regulation Now More Efficient with Technology
January 13, 2020 No Responses

SEC Boss: Market Regulation Now More Efficient with Technology

Regulation of the market in a technology driven era is now more efficient, Acting Director General, Securities and Exchange Commission (SEC), Ms. Mary Uduk has said  According to Uduk, the Agency is stepping up use of Technology in regulation to...
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Access Bank Refutes Alleged Arrest OF GMD
January 12, 2020 No Responses

Access Bank Refutes Alleged Arrest OF GMD

Access Bank PLC has refuted the alleged arrest of its Group Managing Director, Mr. Herbert Wigwe by the Economic and Financial Crimes Commission (EFCC). The bank, in a statement signed by Sunday Ekwochi, Company Secretary said the Commission had invited...
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