Category: Capital Market/Banking

NSE, GRI, DANGOTE Harp On Sustainable Business Initiatives
September 27, 2019 No Responses

NSE, GRI, DANGOTE Harp On Sustainable Business Initiatives

The Nigerian Stock Exchange (NSE) in partnership with Dangote Cement Plc and Global Reporting Initiative (GRI) held a capacity development workshop on sustainability value proposition and reporting for accounta...
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AFFC Lauds Heritage Bank On Youth, Entertainment development
September 27, 2019 No Responses

AFFC Lauds Heritage Bank On Youth, Entertainment development

African Freestyle Football (AFFC) Championship 2019 in collaboration with World Freestyle Football Association (WFFA) have commended Heritage Bank Plc for its pivotal role in enhancing youth development and engendering the Nigeria’s entertainment space on th...
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New IMF MD Unveils Agenda
September 26, 2019 No Responses

New IMF MD Unveils Agenda

The Board of International Monetary Fund (IMF) on Wednesday selected Kristalina Georgieva to succeed Christine Lagarde. In her statement shortly after she was announced as the 12th Chief Executive since the Fund’s inception in 1944, Ms Georgieva said her imm...
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Photo News
September 26, 2019 No Responses

Photo News

UBA Photo News
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Polaris Bank Commits To Climate Action, Sustainability
September 25, 2019 No Responses

Polaris Bank Commits To Climate Action, Sustainability

Polaris Bank has joined the United Nations, and other leading banks across the world, to become a Founding Signatory of the UNEP FI Principles for Responsible Banking as part of its commitment to climate action and sustainability.The launch and signing...
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NSE Domestic Transactions Drops By 66.68% In 12 Years
September 19, 2019 No Responses

NSE Domestic Transactions Drops By 66.68% In 12 Years

Domestic transactions in the Nigerian Stock Exchange (NSE) has declined by 66.68 per cent in 12 years, the News Agency of Nigeria (NAN) reports. The exchange said in its Domestic and Foreign Portfolio Investment (FPI) report released on Wednesday that...
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CBN Approves Three New Payment Service Banks
September 19, 2019 No Responses

CBN Approves Three New Payment Service Banks

The Central Bank of Nigeria on Wednesday granted approvals-in-principle (AIP) to three new Payment Service Banks (PSBs) in the country. The CBN spokesperson, Isaac Okorafor, said the new institutions, issued approvals in principle to operate as Payment Service...
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Nigeria Imposes Additional Charges On Bank Accounts
September 18, 2019 No Responses

Nigeria Imposes Additional Charges On Bank Accounts

With effect from Wednesday, September 18, 2019, cash deposits and withdrawals from individual bank accounts are to attract addition charges, the Central Bank of Nigeria said on Tuesday.  In a circular to all deposit money bank (DMBs), the Director, Paymen...
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EcobankPay Platform Records N2b Transactions
September 17, 2019 No Responses

EcobankPay Platform Records N2b Transactions

Ecobank Nigeria says over 100,000 merchants have been onboarded on the EcobankPay platform with transaction value reaching N2billion.  According to the Bank, the platform offers customers a multi-channel payment experience that includes Mobile QR Payment ...
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Nigeria Releases Regulation For Electronic Payments, Collections
September 11, 2019 No Responses

Nigeria Releases Regulation For Electronic Payments, Collections

The Central Bank of Nigeria (CBN) on Tuesday, September 10, released regulation for electronic payments and collections for public and private sectors in the country. The News Agency of Nigeria (NAN) reports that the regulation is a revision of the...
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CBN Boosts Forex Market With $210M
September 11, 2019 No Responses

CBN Boosts Forex Market With $210M

The e interbank segment of the Foreign Exchange Market has received another boost of $210 million from the Central Bank of Nigeria (CBN) following sales concluded on Tuesday, September 10, 2019. Figures obtained from the CBN indicated that authorized dealers.....
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CBN Injects $321.11m, CNY 33.3m Into Retail SMIS
September 7, 2019 No Responses

CBN Injects $321.11m, CNY 33.3m Into Retail SMIS

The Central Bank of Nigeria (CBN) has made another intervention in the Retail Secondary Market Intervention Sales (SMIS) to the tune of $321, 112,537.31. Figures obtained from the CBN on Friday,September 6, 2019, indicated that the sum of CNY33, 304,365.10...
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NSE Downgrades Oando Plc
September 6, 2019 No Responses

NSE Downgrades Oando Plc

The Nigerian Stock Exchange (NSE) has announced the reclassification of Oando Plc from Medium Priced Stock to Low Priced Stock effective Thursday, September 5, 2019.  According to NSE, this is in compliance to Rule 15.29: Pricing Methodology, Rulebook of ...
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Bank Unveils $500m Facility For Nigerian Manufacturers
September 6, 2019 No Responses

Bank Unveils $500m Facility For Nigerian Manufacturers

The African Export-Import Bank (AFREXIMBANK) has pledged to allocate $500 million from its Nigeria-Africa Trade and Investment Promotion Programme to support Nigerian manufacturers. The bank’s President, Benedict Oramah, announced in Lagos that the facility ...
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