Category: Capital Market/Banking

Heritage Bank’s Training Institute gets CIBN accreditation As Refinery School
July 31, 2019 No Responses

Heritage Bank’s Training Institute gets CIBN accreditation As Refinery School

Heritage Bank Plc’s training school, known as The Refinery, for new entrant staff, has been accredited by the Governing Council of the Chartered Institute of Bankers of Nigeria. The Refinery, supervised by the Bank’s Human Capital Management Group, was accredited...
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Union Bank Explains N12.1b Profit Before Tax
July 30, 2019 No Responses

Union Bank Explains N12.1b Profit Before Tax

Union Bank of Nigeria (UBN) Plc has  declared  profit before tax of N12.1 billion for the half year ended June 30, 2019. The profit represented a growth of four per cent when compared with N11.7 billion achieved in the comparative...
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UBA Pledges More Funding For SMEs
July 27, 2019 No Responses

UBA Pledges More Funding For SMEs

The United Bank for Africa Plc (UBA) has pledged more funding for the growth and development of Small and Medium Scale Enterprises (SME’s) in Africa. The General Managing Director, UBA, Mr Kennedy Uzoka disclosed this on Friday in Abuja at...
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CBN Injects $284.2m, CNY36m
July 27, 2019 No Responses

CBN Injects $284.2m, CNY36m

The Central Bank of Nigeria (CBN), in the latest round of mediation in the inter-bank foreign exchange market, has injected the sum of $284.2million in the retail Secondary Market Intervention Sales (SMIS). This is in addition to CNY36.0million in the...
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NSE Unveils Investors Relations Data Pack
July 26, 2019 No Responses

NSE Unveils Investors Relations Data Pack

The Nigerian Stock Exchange (NSE) has unveiled Investor Relations (IR) Data Pack, an innovative and dynamic webpage integrated with key market data, corporate news and disclosures, for corporate issuers.  NSE Investor Relations Data Pack is designed to re...
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Presco Reward Shareholders With N2b Dividend For 2018
July 25, 2019 No Responses

Presco Reward Shareholders With N2b Dividend For 2018

By Moses Ebosele, ebosele@hotmail.com —  For the year ended December 31, 2018, Shareholders of Presco Plc on Wednesday approved proposal by the Board of Directors to pay N2billion dividend, amounting to 200kobo per share.   The company within t...
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Access Bank Unveils More DiamondXtra Monthly Draw Winners
July 25, 2019 No Responses

Access Bank Unveils More DiamondXtra Monthly Draw Winners

Ten Nigerians have emerged in the monthly draw of the DiamondXtra savings scheme season eleven initiated by Access Bank.  The presentation, which took place in various states across Nigeria saw Samuel Ebu, Stanley Igwe, Olusina Fadare, Amos Tochukwu, Orun...
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DMO Lists FGN’s N100b SUKUK
July 24, 2019 No Responses

DMO Lists FGN’s N100b SUKUK

By Moses Ebosele, ebosele@hotmail.com  – – Debt Management Office (DMO) on Tuesday listed on the Nigerian Stock Exchange (NSE), the second ₦100bn, 7-Year, FGN Sukuk due to mature in 2025. The Sukuk was raised at a rental rate of 15.743%,...
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CBN Retains Monetary Policy Rate At 13.5%
July 24, 2019 No Responses

CBN Retains Monetary Policy Rate At 13.5%

The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN), has retained the Monetary Policy Rate (MPR) at 13.5 per cent. The CBN Governor, Mr Godwin Emefiele made this known while addressing newsmen on outcome of the MPC...
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PSN Honours Fidelity Bank
July 23, 2019 No Responses

PSN Honours Fidelity Bank

Fidelity Bank Plc has received accolades for its unwavering support for the healthcare value chain in Nigeria. The Board of Fellows of the Pharmaceutical Society of Nigeria (PSN) made the commendation at the Society’s Annual Dinner & Award Night in...
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CBN Implores Banks On Relationship With Customers
July 22, 2019 No Responses

CBN Implores Banks On Relationship With Customers

The Central Bank of Nigeria (CBN) has advised banks and other financial institutions in the country to be transparent in their dealings in order to build customers’ confidence. Kofo Salam-Alada, the Director, Consumer Protection Department of CBN gave the ad...
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SEC, NFIU Sign Mou To Tackle Ponzi Schemes, Others
July 18, 2019 No Responses

SEC, NFIU Sign Mou To Tackle Ponzi Schemes, Others

The Securities and Exchange Commission (SEC) has signed a Memorandum of Understanding (MoU) with the Nigerian Financial Intelligence Unit (NFIU) to combat Ponzi schemes and fraud in the capital market. Mrs Mary Uduk, the Acting Director-General of SEC, disclos...
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Non-Oil Exports: Fidelity Bank Partners NEPC, LBS, Train 100 MSMEs In Kano
July 17, 2019 No Responses

Non-Oil Exports: Fidelity Bank Partners NEPC, LBS, Train 100 MSMEs In Kano

As part of measures to provide world-class support to Micro Small Medium Enterprises (MSMEs) in Kano State, Fidelity Bank Plc has commenced training of over 100 Small and Medium Enterprises (SMEs) .  The training which form part of the 8th...
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SEC Begins Verification Of Dantata Investors
July 17, 2019 No Responses

SEC Begins Verification Of Dantata Investors

The Securities and Exchange Commission has started verifying claims of 4,160 unpaid investors of the illegal investment scheme organised by Dantata Success and Profitable Company. The verification exercise commenced on Monday July 15th and is expected to last ...
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