Category: Capital Market/Banking

Shareholders fault Oando’s 2017 Result, Seeks Forensic Audit
July 9, 2018 No Responses

Shareholders fault Oando’s 2017 Result, Seeks Forensic Audit

Shareholders under the aegis of Proactive Shareholders Association of Nigeria (PROSAN), at the weekend, faulted the 2017 full year result of Oando Plc.    The group also lamented the inability of the company to pay dividend to its shareholders for...
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Diamond Bank Appoints Bickersteth Board Chairman
July 4, 2018 No Responses

Diamond Bank Appoints Bickersteth Board Chairman

Diamond Bank has  announced the appointment of Oluseyi Bickersteth as the new Chairman of the Board of Directors, effective June 26, 2018.  Commenting on the appointment, Uzoma Dozie, GMD/CEO, Diamond Bank, said: “We are honoured to have Mr Oluseyi Bickers...
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Naira Stable At N360/$ At Parallel Market
July 3, 2018 No Responses

Naira Stable At N360/$ At Parallel Market

The Naira maintained N360 to the dollar at the parallel market on Monday in Lagos, the News Agency of Nigeria (NAN) reports.  The Nigerian currency had been trading at N360 to the dollar for four days running, while the Pound...
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CBN To Banks: Resolve USSD Disputes In Three Days
July 1, 2018 No Responses

CBN To Banks: Resolve USSD Disputes In Three Days

The Central Bank of Nigeria (CBN), on Saturday directed all commercial banks to resolve disputes arising from use of Unstructured Supplementary Service Data (USSD) channel within three days. Mr Dipo Fatokun, CBN’s Director, Banking and Payment Systems Depart...
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Heritage Bank Partners NEFF On Prevention Of e-fraud
July 1, 2018 No Responses

Heritage Bank Partners NEFF On Prevention Of e-fraud

Heritage Bank Plc has partnered the Nigeria Electronic Fraud Forum (NEFF) on the prevention of fraud in the Nigerian banking system. MD/CEO of the bank, Mr. Ifie Sekibo explained at the unveiling of the 2017 NEFF annual report in Lagos...
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Wema Bank Appoints New Managing Director
June 30, 2018 No Responses

Wema Bank Appoints New Managing Director

Wema Bank Plc has announced the retirement of its Managing Director/Chief Executive Officer, Segun Oloketuyi, following almost a decade at the helm of the Bank.  “On behalf of the Board and Management of the Bank, I want to thank Mr...
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European Bank To Invest €700m In Nigeria
June 27, 2018 No Responses

European Bank To Invest €700m In Nigeria

The Regional Representative for West Africa of European Investment Bank (EIB), Ms Isabelle Grunderbeeck, has disclosed that the  bank plans to invest 700 million euros in some identified projects in Nigeria.  Grunderbeeck disclosed this at the bank’s inter...
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Nigeria Injects Another $210m Into Forex Market
June 27, 2018 No Responses

Nigeria Injects Another $210m Into Forex Market

The Central Bank of Nigeria (CBN) has made available the sum of $210million, to meet customers’ requests in various segments of the inter-bank foreign exchange market.  The CBN, in its quest to meet demands in the various segments of the...
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Heritage Bank Promotes 350 Staff
June 25, 2018 No Responses

Heritage Bank Promotes 350 Staff

In line with its commitment geared towards greater efficiency and resource optimization, as part of its growth and industry innovative agenda designed to strengthen the bank’s business across all markets where it operates, Heritage Bank Plc has announced the...
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SEC Nigeria Assures Foreign Investors of Dynamic, Transparent Market
June 25, 2018 No Responses

SEC Nigeria Assures Foreign Investors of Dynamic, Transparent Market

The Securities and Exchange Commission (SEC) Nigeria, has assured foreign investors of the safety of their investments in the Nigerian capital Market.   In a chat with representatives of JP Morgan and Stanbic IBTC who visited the Commission in Abuja weekend,...
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Investors Stake N4.85B On UBA, Zenith, FBN Holdings In Four Days
June 23, 2018 No Responses

Investors Stake N4.85B On UBA, Zenith, FBN Holdings In Four Days

For the week ended June 22, 2018, trading in the shares of United Bank for Africa Plc (UBA), Zenith International Bank Plc and FBN Holdings Plc accounted for 325.580 million shares worth N4.854billion in 3,381 deals, contributing 29.68% and 31.37%...
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‘Nigerian Banks Lose N12.30B To Fraud In Four Years’
June 22, 2018 No Responses

‘Nigerian Banks Lose N12.30B To Fraud In Four Years’

The Nigerian Inter-Bank Settlement System (NIBSS), on Thursday said the banking industry lost the sum of N12.30 billion to various frauds between 2014 and 2017. Mr Adebisi Shonubi, Managing Director, NIBBS, disclosed this at the third Annual Banking Security S...
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Wema Bank Unveils Agent Banking In Kano
June 21, 2018 No Responses

Wema Bank Unveils Agent Banking In Kano

Wema Bank Plc has introduced agent banking in Kano as it seeks to deepen its retail footprint across informal economic sectors of the North-Western states and to drive financial inclusion within the entire northern region of the country.  Agent Bank...
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CBN Lifts Forex Market With $210 Million
June 21, 2018 No Responses

CBN Lifts Forex Market With $210 Million

The Central Bank of Nigeria (CBN) has boosted the foreign exchange market with 210 million dollars to meet customers’ requests in various segments.   A statement issued by Mr Isaac Okorafor, Acting Director, Corporate Communications on Wednesday explained ...
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