Category: Capital Market/Banking

Nigeria Lifts Forex Market With $210m
December 28, 2018 No Responses

Nigeria Lifts Forex Market With $210m

With the resumption of business after the Christmas and Boxing Day festivities, the Central Bank of Nigeria (CBN) on Thursday, December 27, 2018, intervened in the inter-bank sector of the Foreign Exchange market, injecting $210 million in the wholesale segment...
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SEC Nigeria Pledges To Tackle Identity Theft In Capital Market
December 27, 2018 No Responses

SEC Nigeria Pledges To Tackle Identity Theft In Capital Market

The Securities and Exchange Commission, SEC, has urged shareholders to monitor their investments in the capital market, assuring that the Apex Regulator will live up to its responsibilities on investor protection.   Acting Director General of the SEC...
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SEC Nigeria: We Won’t Prosecute Multiple Accounts Holders
December 24, 2018 No Responses

SEC Nigeria: We Won’t Prosecute Multiple Accounts Holders

Nigerians have once again been enjoined not to entertain any fears of prosecution but take steps to regularise their multiple subscription accounts in order to obtain the benefits of their investments in the capital market.  Acting Director General of the...
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Heritage Bank Partners AFRICANMED, Chinese Community In Nigeria On Affordable Health Care
December 24, 2018 No Responses

Heritage Bank Partners AFRICANMED, Chinese Community In Nigeria On Affordable Health Care

Heritage Bank Plc has announced  partnership with AFRICANMED and the Chinese community in Nigeria aimed at developing the country’s health sector and bringing down the rate of medical tourism by Nigerians.  MD/CEO, Heritage Bank, Ifie Sekibo who di...
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Ecobank Nigeria Promotes 1,000 Staff
December 24, 2018 No Responses

Ecobank Nigeria Promotes 1,000 Staff

 The Management of Ecobank Nigeria Limited has announced the promotion of about 1,000 top performing staff. This latest promotion exercise is in line with its commitment to recognize and reward excellent performance amongst its staff. The promoted st...
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Investors Stake N6.1b On Union Diagnostic, Zenith Bank, Access Bank In One Week
December 22, 2018 No Responses

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
December 21, 2018 No Responses

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
December 20, 2018 No Responses

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
December 18, 2018 No Responses

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
December 12, 2018 No Responses

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
December 11, 2018 No Responses

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
December 10, 2018 No Responses

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
December 9, 2018 No Responses

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
December 4, 2018 No Responses

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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