Category: Capital Market/Banking

GSK, Stanbic IBTC, Zenith Bank, others lift NSE’s market capitalization by N43b
October 17, 2017 No Responses

GSK, Stanbic IBTC, Zenith Bank, others lift NSE’s market capitalization by N43b

The Nigerian Stock Exchange (NSE) on Monday resumed trading activities on a positive note as market capitalization rose by N43billion or 0.34 per cent.   At the end of the day’s trading, 0.33 per cent growth in the All-Share Index...
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Sterling Bank emerges Best Bank in Support of Agric
October 17, 2017 No Responses

Sterling Bank emerges Best Bank in Support of Agric

Sterling Bank Plc has won the Best Bank in Support of Agriculture Award at the Business Day Banking Awards 2017 held in Lagos.   The award is in recognition of Sterling Bank’s peerless support to the entire value chain in...
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More winners emerge in Access Bank family fortune promo
October 8, 2017 No Responses

More winners emerge in Access Bank family fortune promo

More winners have emerged from the ongoing Access Bank Family Fortune Promo as the Bank rewards 118 customers in the second monthly selection of winners.  The event which held at the Bank’s Alausa Branch in Ikeja produced 50 customers who...
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FirstBank unveils new ultra-modern head office in Ghana
October 6, 2017 No Responses

FirstBank unveils new ultra-modern head office in Ghana

First Bank of Nigeria Limited has unveils a new ultra-modern Head Office for its subsidiary, FBNBank Ghana to enhance service delivery in the Ghanaian market. According to the Managing Director, FBNBank Ghana, Gbenga Odeyemi, FBNBank is resolute in its passion...
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FirstBank’s payment card issuance hits 10 million
October 4, 2017 No Responses

FirstBank’s payment card issuance hits 10 million

First Bank of Nigeria Limited has been named the first financial institution in Nigeria and the West-Africa sub-region to issue 10 million cards to customers across the country.   A statement issued by the Bank on Tuesday explained that “This...
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Ecobank Nigeria promotes 1000 staff
October 1, 2017 No Responses

Ecobank Nigeria promotes 1000 staff

The management of Ecobank Nigeria Limited has announced the promotion of more than one thousand staff.   According to the Bank, about 30 per cent of its employees benefited from the exercise designed to reward excellence and exceptional performance. The...
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First Bank consolidates international business, increases stake in FBNBank Congo
September 29, 2017 No Responses

First Bank consolidates international business, increases stake in FBNBank Congo

First Bank of Nigeria Limited has acquired the remaining shares in FBNBank DRC Limited (FBNBank DRC), making it FirstBank’s wholly owned Subsidiary.    FirstBank said this follows its initial investment in FBNBank DRC (formerly Banque Internationale de Cre...
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Coronation Merchant Bank graduates first analysts
September 28, 2017 No Responses

Coronation Merchant Bank graduates first analysts

By Citybusinessnews@yahoo.com –    As part of measures to foster continuous capacity development and grow its own unique brand of finance professionals, Coronation Merchant Bank has graduated its first set of analysts from the Coronation MB Academy in ...
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Heritage Bank reiterates commitment to Nigeria’s entertainment industry
September 27, 2017 No Responses

Heritage Bank reiterates commitment to Nigeria’s entertainment industry

 Heritage Bank Plc has reiterated its commitment to the growth and development of Nigeria’s creative industry because it is a major contributor to the country’s Gross Domestic Product (GDP).  In an assessment of the industry’s performance done recently...
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At NSE investor clinic, dematerialisation, direct cash settlement, e-dividend take centre stage
September 19, 2017 No Responses

At NSE investor clinic, dematerialisation, direct cash settlement, e-dividend take centre stage

 The Nigerian Stock Exchange (NSE) has conducted an investor clinic designed to educate capital market stakeholders on ‘The role of Dematerialization, Direct Cash Settlement and E-dividend in the development of the Nigerian Capital Market’.   Held in Lag...
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Elumelu: Negative narrative around Africa is continent’s greatest challenge
September 13, 2017 No Responses

Elumelu: Negative narrative around Africa is continent’s greatest challenge

The greatest challenge Africa has as a continent when it comes to attracting investment is in the way it is portrayed, the Chairman of Heirs Holdings, Tony Elumelu has said.    Speaking at Charhan House in London, Elumelu said Information presented...
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WFE elects eight Directors
September 8, 2017 No Responses

WFE elects eight Directors

At the 57th General Assembly in Bangkok on Thursday, the World Federation of Exchanges (WFE) elected eight Directors of the Board.​ ​The Directors of the Board are: 1.  Chairman Wu Qing, Shanghai Stock Exchange – Chairman, WFE (1-year term) 2....
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Q2: Stanbic IBTC attracts N413.62b capital into Nigeria
September 7, 2017 No Responses

Q2: Stanbic IBTC attracts N413.62b capital into Nigeria

Stanbic IBTC, a member of Standard Bank Group, in the second quarter (Q2) of this year, facilitated a $589.84 million capital inflow into the country, ranking it first among financial institutions that imported capital into Nigeria.  According to the Nigerian...
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FG begins audit of banks’ remittances to CBN
August 18, 2017 No Responses

FG begins audit of banks’ remittances to CBN

The Federal Government has commenced audit of remittances of its funds into the Treasury Single Account (TSA) by Deposit Money Banks.    Speaking in Abuja at a two-day workshop for finance journalists on the TSA and other public financial management...
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