Category: Capital Market/Banking

Nigeria To Secure $3b Power Sector Loan
October 21, 2019 No Responses

Nigeria To Secure $3b Power Sector Loan

The Minister of Finance, Mrs Zainab Ahmed, on Sunday said the Federal Government’s request for a World Bank loan to finance the power sector was at the verge of being granted. Ahmed stated this at a media briefing on activities...
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NSE Lists Union Bank’s N30b Bond
October 19, 2019 No Responses

NSE Lists Union Bank’s N30b Bond

By citybusinessnews@yahoo.com — The Nigerian Stock Exchange (NSE) on Friday listed on its daily official list Union Bank of Nigeria Plc’s N30billion bond.  In a notice to dealing members, Godstime Iwenekhai, Head, Listings Regulation Department ex...
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CBN Injects $325.5m Into Retail Market
October 19, 2019 No Responses

CBN Injects $325.5m Into Retail Market

The Central Bank of Nigeria (CBN) has injected 325.5million dollars in the retail Secondary Market Intervention Sales (SMIS) and CNY14million in the spot and short tenored forwards segment of the inter-bank foreign market. The bank’s Director, Corporate Comm...
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W Initiative Explains Agenda For Health Month
October 17, 2019 No Responses

W Initiative Explains Agenda For Health Month

The W Initiative, a flagship women empowerment programme from Access Bank Plc, has announced plans for its 2019 W Health Month aimed at improving community awareness on health issues that affect women and their families by bridging knowledge gap, providing...
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Photo News
October 17, 2019 No Responses

Photo News

Left to Right: Acting Director General Securities and Exchange commission, SEC, Ms. Mary Uduk and Minister of Finance, Budget and National Planning, Hajia Zainab Ahmed at the on-going World Bank/International Monetary Fund Meeting in Washington DC, Thursday.
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CBN: N500, N1000 Denominations Most Commonly Counterfeited Banknotes
October 16, 2019 No Responses

CBN: N500, N1000 Denominations Most Commonly Counterfeited Banknotes

The Central Bank of Nigeria (CBN) on Wednesday, said that a total of 119,663 pieces of counterfeit notes with a nominal value of N98.82 million was recorded in 2018.The bank said this in the Currency Operations 2018 Annual Report, posted...
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Access Bank Hits N1b Digital Daily Lending
October 15, 2019 No Responses

Access Bank Hits N1b Digital Daily Lending

Access Bank’s expanded Digital Lending Portfolio, which gives Nigerians quick and 24/7 access to funds for emergencies without any collateral, has hit a record N1billion daily in loan value.Executive Director, Retail Banking, Access Bank Plc, Victor Etuokwu,...
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Firm Tackles CBN Over $285m Supreme Court Judgment
October 15, 2019 No Responses

Firm Tackles CBN Over $285m Supreme Court Judgment

A communications firm, Interstella Communications Limited has urged the Central Bank of Nigeria (CBN) to obey a Supreme Court order by paying them $285 million judgment sum for alleged breach of contract. The News Agency of Nigeria (NAN) reports that...
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Court Freezes 45 Bank Accounts
October 15, 2019 No Responses

Court Freezes 45 Bank Accounts

A Federal High Court on Monday in Abuja ordered the temporary freezing of 45 bank accounts belonging to three companies allegedly  involved in smuggling of rice into Nigeria. The companies whose accounts were domiciled with ten commercial banks in Nigeria...
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DMO Lists ₦15b FGN Green Bond On NSE
October 14, 2019 No Responses

DMO Lists ₦15b FGN Green Bond On NSE

The Nigerian Stock Exchange (NSE) on Monday announced the listing of the Federal Government of Nigerian (FGN) N15billion Green Bond on its daily official list.  Promoted by the Debt Management Office (DMO), the 7-year Green bond issued at coupon rate...
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NSE Photo News
October 14, 2019 No Responses

NSE Photo News

 L-R: The President, National Council of The Nigerian Stock Exchange ( NSE), Otunba Abimbola Ogunbanjo during a courtesy visit to the Director General, Bureau of Public Enterprises, Mr. Alex Okoh in Abuja.
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SEC Nigeria Restates Commitment To Sustainable Financing
October 14, 2019 No Responses

SEC Nigeria Restates Commitment To Sustainable Financing

The Securities and Exchange Commission (SEC) remains a strong advocate for the promotion of infrastructural development through sustainable financing, Acting Director General,, Ms. Mary Uduk has said  Speaking at the formal launch of the Financial Center ...
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First Bank Boss At Edinburgh Conference, Reiterates Commitment to Financial Inclusion In Nigeria
October 12, 2019 No Responses

First Bank Boss At Edinburgh Conference, Reiterates Commitment to Financial Inclusion In Nigeria

By citybusinessnews@yahoo.com — As part of the Bank’s financial inclusion and global thought leadership drive, the Chief Executive Officer, First Bank of Nigeria Limited, Dr. Adesola Adeduntan participated in the 2019 Global Leaders Interactive pa...
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Fidelity Bank Canvasses Better Data Sharing In Retail Growth
October 12, 2019 No Responses

Fidelity Bank Canvasses Better Data Sharing In Retail Growth

The Executive Director, Operations and Information, Fidelity Bank Plc, Gbolahan Joshua has advised data validation agencies and organisations to adopt appropriate policies that provide financial institutions with the required flexibility to utilise available c...
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