Category: Capital Market/Banking

SEC: Investors to forfeit multiple subscription to public offers
June 29, 2017 No Responses

SEC: Investors to forfeit multiple subscription to public offers

Investors in the Nigerian Capital Market with multiple subscriptions for the same public offer may forfeit their investment. The Securities and Exchange Commission at its last Capital Market Committee meeting (CMC) has approved the report of a market wide committee...
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Citi Bank celebrates community day in Nigeria
June 27, 2017 No Responses

Citi Bank celebrates community day in Nigeria

Citi Bank celebrated its 12th annual Global Community Day recently as more than 1,600 Citi volunteers in Aba, Abuja, Kano, Lagos, Port-Harcourt and Warri engaged in service activities in their local communities.   In the days leading up to and...
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UBA emerges financial brand of the decade
June 21, 2017 No Responses

UBA emerges financial brand of the decade

Foremost financial institution, United Bank for Africa (UBA) Plc has emerged Financial Brand of the Decade.  The award ceremony, put together by Marketing Edge, is  in recognition of UBA’s innovative and pacesetting role.   Also, the award is a product...
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AfDB, UBA, Wema Bank, others to finance ABUAD projects
June 20, 2017 No Responses

AfDB, UBA, Wema Bank, others to finance ABUAD projects

African Development Bank (AfDB) in collaboration with four Nigerian Banks have signed Memorandum of Understanding (MoU) to provide Project Finance facilities to Afe Babalola University (ABUAD), Ado Ekiti,  for the execution of various projects under the Unive...
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Heritage Bank agent outlets hit 400, debuts in Badagry
June 20, 2017 No Responses

Heritage Bank agent outlets hit 400, debuts in Badagry

As part of its ongoing expansion agenda, Heritage Bank Plc has deepened its retail banking structure by growing its agent banking base to 400 ‘Corner Shops.’  According to the Bank, this is in line with the financial inclusion strategy of...
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UBA’s $500M Eurobond oversubscribed 240% by global investors
June 14, 2017 No Responses

UBA’s $500M Eurobond oversubscribed 240% by global investors

United Bank for Africa Plc (UBA) successfully raised $500 million, though a debut Eurobond, which was 240% over-subscribed.   According to UBA, the significant investor demand reflects the strong global investor appetite for UBA’s credit and support fo...
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Heritage Bank reiterates commitment to empower Youth Corp members
June 12, 2017 No Responses

Heritage Bank reiterates commitment to empower Youth Corp members

In line with its culture as a timeless wealth partners, Heritage Bank Plc has restated its commitment to support National Youth Service Corp members and young entrepreneurs to grow their businesses as a start-up or prospective business owners. The MD/CEO...
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Bridge Concept leverage UBA digital banking platforms, unveils Naija Green Card
June 8, 2017 No Responses

Bridge Concept leverage UBA digital banking platforms, unveils Naija Green Card

 In line with its business objective of enabling young Nigerians and students to derive maximum benefits from their limited finances, Bridge Concepts Limited has announced its partnership with the pan African Financial institution, United Bank for Africa (Plc...
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Heritage Bank supports Triton Group reforestation project in Oyo
June 5, 2017 No Responses

Heritage Bank supports Triton Group reforestation project in Oyo

Heritage Bank Plc has thrown its weight behind Globus Resources Limited, a subsidiary of Triton Group, to flag off the second phase of afforestation programme in Oyo state.  The bank as the first financier had earlier financed the first phase...
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Ecobank faults closure of branches by Anambra State Internal Revenue Board
June 2, 2017 No Responses

Ecobank faults closure of branches by Anambra State Internal Revenue Board

Branches of Ecobank Nigeria Limited in Anambra State were on Thursday June 1, 2017 sealed on the authority of the Anambra State Board of Internal Revenue.   The Bank in a statement explained that the closure was  based on a...
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CBN enhances Naira with $482.6m
May 31, 2017 No Responses

CBN enhances Naira with $482.6m

 As part of ongoing efforts, the Central Bank of Nigeria (CBN) on Tuesday intervened in the inter-bank market to the tune of $482.6 million.   A statement issued by its Acting Director, Corporate Communications, Isaac Okorafor, in Abuja explained that...
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UBA celebrates Africa Day with Glitz, Glamour
May 31, 2017 No Responses

UBA celebrates Africa Day with Glitz, Glamour

The United Bank for Africa (UBA) Plc, on Thursday, joined the world to celebrate the 2017 Africa Day across the 19 African countries of operations with the theme: ‘Africa, the new Frontier.’ According to the Bank, Africa Day is dedicated to celebr...
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Heritage Bank explains financial literacy training for children
May 30, 2017 No Responses

Heritage Bank explains financial literacy training for children

 In a bid to expose the citizenry to financial literacy at a very early age in life, Heritage Bank Plc, has exposed children between the age bracket of five and seven years to banking services. The programme, which is part...
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UBA introduces world class mobile banking app
May 26, 2017 No Responses

UBA introduces world class mobile banking app

In demonstration of its commitment to deliver superior and innovative banking solutions to its customers, pan African financial institution, United Bank for Africa Plc, has announced the launch of a brand new mobile banking application with many user friendly...
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