Category: Capital Market/Banking

SEC Nigeria To Align Master Plan With Current Economic Realities
April 28, 2019 No Responses

SEC Nigeria To Align Master Plan With Current Economic Realities

The Securities and Exchange Commission (SEC) is to align the 10 Year Capital Market Master plan with current economic realities as well as ensure the planned  review is concluded in record time. Acting Director General of  SEC Nigeria, Ms. Mary Uduk...
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Access Bank Shareholders Get 25kobo Final Dividend
April 26, 2019 No Responses

Access Bank Shareholders Get 25kobo Final Dividend

Shareholders of Access Bank Plc on Thursday approved the final payment of 25kobo dividend.  Speaking during the  Annual General Meeting in Lagos, the Shareholders also commended the Board and Management of the Bank on the successful merger with Diamo...
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Microsoft Hits $1trillion Market Value
April 26, 2019 No Responses

Microsoft Hits $1trillion Market Value

Microsoft has seen its stock market value top $1 trillion (£774bn) after reporting better-than-expected sales and profits. The US software giant passed the mark briefly on Thursday, before its share price fell back. It makes it one of only three...
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CBN Lifts Interbank Forex Market With $210m
April 25, 2019 No Responses

CBN Lifts Interbank Forex Market With $210m

The Central Bank of Nigeria (CBN) on Wednesday  intervened in the interbank forex market with the sum of $210 million.. According to the figures released by the CBN, authorized dealers in the wholesale segment of the market, as in previous...
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CBN Records N718.0b, $1.1b From NCR In 2018
April 24, 2019 No Responses

CBN Records N718.0b, $1.1b From NCR In 2018

The Central Bank of Nigeria (CBN) has said that it recorded a huge leap in the value of financing statements under the National Collateral Registry (NCR) in the last five years from N487 billion and $20 million in 2017 to...
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UBA Rewards 20 More Customers with N30m
April 21, 2019 No Responses

UBA Rewards 20 More Customers with N30m

United Bank for Africa (UBA) has rewarded another 20 customers who emerged winners in the second quarterly draw of the UBA Wise Savers Promo with N1.5 million each, bringing the total amount won by 40 customers so far to N60...
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At AGM, Shareholders Laud Board, Management Of GTBank
April 19, 2019 No Responses

At AGM, Shareholders Laud Board, Management Of GTBank

Shareholders of Guaranty Trust Bank Plc (GTBank) on Thursday in Lagos commended the board and management of the bank for sustaining growth and profitability despite challenges.  Speaking at the 2018 Annual General Meeting (AGM), the shareholders also appr...
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CBN Lifts Forex Market With $210m
April 17, 2019 No Responses

CBN Lifts Forex Market With $210m

The interbank segment of the Foreign Exchange Market has received a boost of $210 million from the Central Bank of Nigeria (CBN) following sales concluded on Tuesday, April 16, 2019. According to figures obtained from the Bank, authorized dealers in...
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Ecobank, Terrakulture Seal Partnership
April 17, 2019 No Responses

Ecobank, Terrakulture Seal Partnership

EcobankPay, the lifestyle digital payment and collections service of Ecobank Nigeria has entered into partnership with TerraKulture, Nigeria’s foremost stage play and cultural show promoters with Bolanle-Austen Peters as lead.  Through this partnership,...
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Emefiele To Investors: Nigeria Ready For Business
April 14, 2019 No Responses

Emefiele To Investors: Nigeria Ready For Business

The Central Bank of Nigeria (CBN) has assured investors and the international community that the country has gone through a successful election and was ready for investments. The CBN Governor, Godwin Emefiele,  in Washington DC, at the weekend, held an...
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CBN Boosts Anchor Borrowers Programme With N174. 48B
April 13, 2019 No Responses

CBN Boosts Anchor Borrowers Programme With N174. 48B

The Central Bank of Nigeria (CBN) says it has so far cumulatively disbursed N174. 48 billion through 19 financial institutions under its Anchor Borrowers Programme since 2015. The Director, Corporate Communications Department of the bank, Mr Isaac Okoroafor st...
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World Bank To Invest $15b In African Human Capital Projects
April 13, 2019 No Responses

World Bank To Invest $15b In African Human Capital Projects

The World Bank has said it will invest 15 billion dollars into human capital projects in Africa by the year 2023. Hafez Ghanem, World Bank Vice President for Africa said this in a statement issued in Nairobi. “The projects are...
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Tony Elumelu Foundation Hosts European Commission, Finance Institutions, Others In Brussels
April 12, 2019 No Responses

Tony Elumelu Foundation Hosts European Commission, Finance Institutions, Others In Brussels

At a time when Europe’s relationship with Africa is high on foreign policy and developmental agenda and with the European Union beginning to deliver on its 2017 External Investment Plan, targeted at attracting investment and job creation in Africa, the...
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IMF Cautions Nigeria, Others On China Loans
April 11, 2019 No Responses

IMF Cautions Nigeria, Others On China Loans

The International Monetary Fund (IMF) has cautioned Nigeria and other developing countries from taking loans from China due to unfavourable loan conditions. Mr Tobias Adrian said this on Wednesday during the launch of the Global Financial Stability Report for ...
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