Category: Capital Market/Banking

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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NSE To Migrate Access Bank, UBA, Others To Premium Board
April 13, 2018 No Responses

NSE To Migrate Access Bank, UBA, Others To Premium Board

The Nigerian Stock Exchange (NSE) on Thursday announced plans to migrate Access Bank, Lafarge Africa, Seplat and United Bank for Africa (UBA) Plc to its Premium Board   The NSE said in Lagos the four companies would be migrated to...
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Heritage Bank Seals Partnership With GAC Motors On Auto Scheme
April 12, 2018 No Responses

Heritage Bank Seals Partnership With GAC Motors On Auto Scheme

Heritage Bank Plc has entered into a strategic partnership with the Choice International Group (CIG) Motors Limited to introduce a new vehicle finance scheme aimed at assisting interested and pre-qualified customers to buy brand new GAC Vehicles with ease and....
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Oando: NSE Gets Two Letters From SEC In 48 Hours
April 12, 2018 No Responses

Oando: NSE Gets Two Letters From SEC In 48 Hours

Between April 9th and 11th 2018, the Nigerian Stock Exchange (NSE) received two letters from the Securities and Exchange Commission (SEC).   The first letter dated April 9, 2018 directed NSE to lift the suspension placed on the shares of...
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Tony Elumelu, UBA Chairman To Tour East Africa On Entrepreneurship, Infrastructure
April 12, 2018 No Responses

Tony Elumelu, UBA Chairman To Tour East Africa On Entrepreneurship, Infrastructure

Foremost Entrepreneur and philanthropist, Tony O. Elumelu will lead a 5-day working visit to East Africa, where he will meet with national leaders of Kenya and Uganda.    In his capacity as Chairman of United Bank for Africa (UBA), Mr....
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Heritage Bank Restates Commitment To Sustainable Growth, Profitability
April 9, 2018 No Responses

Heritage Bank Restates Commitment To Sustainable Growth, Profitability

Heritage Bank Plc has restated its commitment to sustainable growth and profitability despite the prevailing adverse macro-economic environment.  The bank said in statement issued over the weekend by Mr. Fela Ibidapo, Divisional Head, Corporate Communications...
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Monetary Policy Committee Retains Lending Rate At 14%
April 5, 2018 No Responses

Monetary Policy Committee Retains Lending Rate At 14%

The Monetary Policy Committee (MPC) has once again retained the Monetary Policy Rate at 14 per cent due to persistent uncertain economic conditions and high inflation. The Central Bank of Nigeria (CBN) Governor, Mr Godwin Emefiele said this while briefing...
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Naira Dips Marginally Against Dollar At Parallel Market
April 4, 2018 No Responses

Naira Dips Marginally Against Dollar At Parallel Market

The Naira on Tuesday depreciated marginally against the dollar at the parallel market, exchanging at N361.20 to the dollar.  The News Agency of Nigeria (NAN) reports that the Nigerian currency lost 20 kobo from N361 earlier traded before the Easter...
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Heritage Bank Partners WATIF On Sub-Regional Integration
April 3, 2018 No Responses

Heritage Bank Partners WATIF On Sub-Regional Integration

Heritage Bank has partnered first edition of West Africa Trade and Investment Forum on sub-regional integration of economies of West African countries in the areas of agriculture, education and skills, manufacturing and information communication technology (IC...
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Between Family Firms, Listing And Capital Markets
March 30, 2018 No Responses

Between Family Firms, Listing And Capital Markets

  The  World Federation of Exchange (WFE)  has published a report into family businesses, investigating the opportunities and challenges for family firms when considering public equity as a source of funding. The report – entitled ‘Family Firms ...
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Banks Boost Financial Inclusion With 500,000 Agent Networks
March 28, 2018 No Responses

Banks Boost Financial Inclusion With 500,000 Agent Networks

In collaboration with the Central Bank of Nigeria (CBN), the licenced mobile money operators and the super agents, Commercial banks in Nigeria on Tuesday disclosed plan to roll-out 500,000 agent networks. According to the Banks, the development is designed to....
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UBA London Subsidiary Gets Regulatory Approval
March 28, 2018 No Responses

UBA London Subsidiary Gets Regulatory Approval

Foremost financial institution, United Bank for Africa (UBA Plc) on Tuesday announced that its London subsidiary has obtained regulatory permission to carry out wholesale banking services in the United Kingdom.  The approval licence was granted to the lender ...
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