Investors Stake N6.1b On Union Diagnostic, Zenith Bank, Access Bank In One Week

Investors Stake N6.1b On Union Diagnostic, Zenith Bank, Access Bank In One Week

For the week ended December 21, 2018, investors on the floor of Nigerian Stock Exchange (NSE) staked N6.053 billion on 619.444 million shares of Union Diagnostic & Clinical Services Plc, Zenith Bank Plc, and Access Bank Plc.  At the end...
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Oscar Onyema: NSE Has Commenced Process To Change Legal Status, Structure, Governance

Oscar Onyema: NSE Has Commenced Process To Change Legal Status, Structure, Governance

 Inline with ongoing demutualisation agenda, the Nigerian Stock Exchange (NSE) has commenced legal process to change its status, structure and governance.  According to the Chief Executive Officer of NSE, Oscar Onyema, the successful conclusion of th...
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NSE Unveils Sustainability Disclosure Guidelines

NSE Unveils Sustainability Disclosure Guidelines

The Securities and Exchange Commission (SEC) has approved Nigerian Stock Exchange (NSE) Sustainability Disclosure Guidelines (SDG). NSErecognizes that the promotion of Environmental, Social and Governance (ESG) principles can facilitate more meaningful engagem...
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SEC Awaits Access Bank, Diamond Bank Merger Application

SEC Awaits Access Bank, Diamond Bank Merger Application

The Securities and Exchange Commission (SEC) has been notified of the proposed merger between Access Bank Plc and Diamond Bank Plc. Confirming the development on Monday, SEC explained that the agency was aware of the intention of Access Bank and...
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Nigeria Boost Forex Market With $210m

Nigeria Boost Forex Market With $210m

The Central Bank of Nigeria (CBN), in continuation of its intervention in the foreign exchange market, has injected another sum of $210 million to boost sales in the inter-bank segment of the market. In the sales conducted on Monday, December...
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41 Items: CBN To Sanction Firms, Directors

41 Items: CBN To Sanction Firms, Directors

The Central Bank of Nigeria (CBN) is to sanction Banks, their customers, firms that abuse its policy restricting foreign exchange (forex) allocation to 41 items.  According to the CBN, culprits are to be investigated by the Economic Intelligence Unit of.....
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Ekiti Lifts Embargo On Ecobank, GTbank, Zenith Bank

Ekiti Lifts Embargo On Ecobank, GTbank, Zenith Bank

Ekiti State Governor, Dr Kayode Fayemi has lifted the embargo placed on some banks by the immediate past administration.  The Fayose-led administration had in May 2016 placed a “non-patronage” ban on three banks- Ecobank, GTbank and Zenith Bank Plc an...
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National Microfinance Bank Takes off Next Month With N5b Capital Base

National Microfinance Bank Takes off Next Month With N5b Capital Base

Barring last minute adjustment, National Microfinance Bank  will begin operations in January  2019  as part of measure to ensure more credits flow to the grassroots.   According to the Governor, Central Bank of Nigeria (CBN), Godwin Emefiel...
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AfDB Approves $200m For Nigeria’s power sector

AfDB Approves $200m For Nigeria’s power sector

The Federal Government has secured a loan of $200 million to fund its electrification project. The African Development Bank (AfDB) Group on Monday said it provided $150 million for the project. The balance of $50 million was issued from the...
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CBN Injects $210 Million In Wholesale Segment, Others

CBN Injects $210 Million In Wholesale Segment, Others

The Nigerian Apex Bank, the Central Bank of Nigeria (CBN) on Tuesday said it injected the sum of $100 million to dealers in the wholesale segment of the foreign exchange market. The CBN also made interventions of $55 million each...
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Heritage Bank Boss Seeks Sustained Human Capital Development In Financial Institutions

Heritage Bank Boss Seeks Sustained Human Capital Development In Financial Institutions

The MD/CEO of Heritage Bank Plc, Ifie Sekibo has emphasized the importance for human capacity development amongst staff of financial institutions for improved operations.The MD who stated this at a 3-day yearly Internal Control and Audit Conference organised b...
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Again, MPC Retains Lending Rate At 14%

Again, MPC Retains Lending Rate At 14%

The Monetary Policy Committee (MPC) for the 14th consecutive time, retained the Monetary Policy Rate (MPR) at 14 per cent. The Central Bank of Nigeria (CBN) Governor, Mr Godwin Emefiele made this known at a news conference on Thursday, in...
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Nigeria Raises $2.86b Eurobonds

Nigeria Raises $2.86b Eurobonds

The Federal Government on Wednesday said it had raised 2.86 billion dollars three-series international bond under its Global Medium Term Note Programme.  Mr Paul Abechi, Special Adviser to the Minister of Finance on Media and Communications disclosed this in ...
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CBN Boosts Forex Market With $210m

CBN Boosts Forex Market With $210m

In its latest round of intervention, the Central Bank of Nigeria (CBN) on Tuesday, November 13, 2018, injected the sum of $210 million in the inter-bank foreign exchange market. Figures obtained from the CBN indicate that the authorized dealers in...
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