Category: Capital Market/Banking

CBN Injects $349.34m Into Retail SMIS
May 5, 2018 No Responses

CBN Injects $349.34m Into Retail SMIS

As part of its  intervention for the week, the Central Bank of Nigeria (CBN),  has injected the total sum of $349.34 million in the Retail Secondary Market Intervention Sales (SMIS) segment of the Forex market.  Figures obtained from the CBN...
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China Signs Currency Swap Agreement With Nigeria
May 3, 2018 No Responses

China Signs Currency Swap Agreement With Nigeria

China’s central bank said on Thursday it has signed a three-year bilateral currency swap agreement with Nigeria worth 15 billion yuan ($2.36 billion). The People’s Bank of China (PBOC) said on its website the swap deal will facilitate trade and...
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Ecobank Unveils Unified Digital Payment Solution
May 3, 2018 No Responses

Ecobank Unveils Unified Digital Payment Solution

A multi-featured digital payment solution, Ecobank Pay, is now available from Ecobank Nigeria. Ecobank Pay is built as a core part of Ecobank’s digital financial services ecosystem approach and will deliver unified and instant self-service across a range of ...
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First Bank Implores Youth On Wealth Initiatives
April 30, 2018 No Responses

First Bank Implores Youth On Wealth Initiatives

The Chairman, Board of Directors, First Bank of Nigeria, Mrs. Ibukun Awosika has implored youth in Edo State to embrace job and wealth creation initiatives.    Addressing participants at a two-day workshop organised by the Edo State Government in partnershi...
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Wema Bank Explains N16.07b Earnings In Q1
April 29, 2018 No Responses

Wema Bank Explains N16.07b Earnings In Q1

Wema Bank PLC has announced a 5.02% growth in earnings for Q1’2018 to N16.07 billion, from N15.28 billion in Q1’2017.   According to the Bank, the increase was supported by a 21.07% growth in non-interest income to N3.43 billion (Q1’2017;...
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NSE To Host 1,000 African Capital Market Experts In Lagos
April 27, 2018 No Responses

NSE To Host 1,000 African Capital Market Experts In Lagos

The Nigerian Stock Exchange (NSE) has emerged the preferred host of the 22nd Annual Conference of the African Securities Exchanges Association (ASEA) scheduled to hold from 25 to 27 November, 2018, at the Oriental Hotel Lagos. NSE won a similar...
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Diamond Bank Pulls Out Of UK
April 26, 2018 No Responses

Diamond Bank Pulls Out Of UK

The Managing Director/ Chief Executive Officer of Diamond Bank Plc, Uzoma Dozie, has assured  customers that the sale of the international subsidiaries is not expected to cause service disruptions for the bank’s customers across the world.    The Bank exp...
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Access Bank Shareholders Laud 2017 Performance, Dividend Policy
April 26, 2018 No Responses

Access Bank Shareholders Laud 2017 Performance, Dividend Policy

For the financial year 2017, Shareholders of Access Bank Plc on Wednesday commended the Management and Board for the payment of 65 kobo dividend on their investment.   The Bank on Wednesday paid a final dividend of 40 kobo per share....
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Tony Elumelu To African Leaders: Prioritize Africa’s Youth
April 25, 2018 No Responses

Tony Elumelu To African Leaders: Prioritize Africa’s Youth

During the annual spring meetings of the International Monetary Fund and the World Bank in Washington, DC, African philanthropist and entrepreneur Tony O. Elumelu insisted that prioritizing Africa’s youth by fixing the policy and regulatory issues impeding t...
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Nigeria’s External Reserves Hit $47.93b, Explains 17m Tax Payers’ Base
April 23, 2018 No Responses

Nigeria’s External Reserves Hit $47.93b, Explains 17m Tax Payers’ Base

Nigeria’s Minister of Finance, Mrs. Kemi Adeosun and the Governor of Central Bank of Nigeria (CBN), Mr. Godwin Emefiele, explained  on Sunday that the country’s positive growth outlook would be sustained.   The Minister and the CBN Governor gave this as...
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EIB, AfDB To Support Private Sector Investment In Nigeria With $50m
April 20, 2018 No Responses

EIB, AfDB To Support Private Sector Investment In Nigeria With $50m

The European Investment Bank and the African Development Bank have agreed to support the creation of the new Development Bank of Nigeria to strengthen lending for business and agriculture investment in the country. The European Investment Bank has finalized a....
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Wema Bank Introduces Agent Banking in Bauchi
April 18, 2018 No Responses

Wema Bank Introduces Agent Banking in Bauchi

Wema Bank Plc  has introduced its agent banking service in Bauchi as it seeks to deepen its retail footprint across informal economic sectors of the country.  Agent Bank is a cost-effectivemedium employed by Banks to provide financial access to unbanked,...
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SEC Holds First CMC Meeting In 2018
April 16, 2018 No Responses

SEC Holds First CMC Meeting In 2018

The Securities and Exchange Commission (SEC) is set to host the First Capital Market Committee (CMC) meeting for 2018. The meeting is scheduled to hold in Lagos from Thursday April 19 to Friday April 20, 2018 at the Federal Palace...
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CBN Begins Disbursement Of N26b Agribusiness Fund To MSMEs
April 13, 2018 No Responses

CBN Begins Disbursement Of N26b Agribusiness Fund To MSMEs

The Central Bank of Nigeria (CBN), in collaboration with the Bankers’ Committee on Thursday commenced disbursement of N26 billion Agribusiness Small and Medium Enterprises Investment Scheme (AGSMEIS) fund to the first set of beneficiaries.  The CBN Governor...
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