Category: Capital Market/Banking

Development Bank of Nigeria gets CBN licence
March 30, 2017 No Responses

Development Bank of Nigeria gets CBN licence

The Central bank of Nigeria has approved the grant of a wholesale development finance institution licence with national authorization to the Development Bank of Nigeria (DBN) Plc, the Minister of Finance, Mrs. Kemi Adeosun has confirmed. The approval was conveyed...
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Wema Bank appoints new Non-Executive Director
March 29, 2017 No Responses

Wema Bank appoints new Non-Executive Director

Wema Bank Plc has announced the appointment of Mr Babatunde Oladele Kasali as a Non-Executive Director, following the approval of the Central Bank of Nigeria. According to the Bank, Mr. Kasali is a “consummate professional with expertise in Audit, Risk...
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CBN to Banks: Make dollar available at N360
March 28, 2017 No Responses

CBN to Banks: Make dollar available at N360

Commercial banks in the country will no longer sell the naira at N375 per dollar for invisibles, such as school fees, medical bills and travel allowances, the Central Bank of Nigeria (CBN) declared on Monday. According to CBN,  Nigerians can...
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NSE places UNIC Insurance on full suspension
March 25, 2017 No Responses

NSE places UNIC Insurance on full suspension

The Nigerian Stock Exchange (NSE) has placed ordinary Shares of UNIC Insurance Plc on full suspension with effect from March 22, 2017. According to the NSE, “This is in compliance with the process required for the approved Scheme of arrangement...
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Out of 93,000, Tony Elumelu Foundation announces 1,000 successful applicants
March 23, 2017 No Responses

Out of 93,000, Tony Elumelu Foundation announces 1,000 successful applicants

The Tony Elumelu Foundation (TEF), an African founded and funded 21st century philanthropic organization committed to entrepreneurship development has ushered in an additional 1,000 African entrepreneurs.  According to the foundation, applications were rece...
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Heritage Bank, Lagos Reps sponsor one-day seminar for JAMB students
March 22, 2017 No Responses

Heritage Bank, Lagos Reps sponsor one-day seminar for JAMB students

As part of its initiative to develop the advancement of education in Nigeria, Heritage Bank Plc in partnership with a House of Representative member in Lagos State, Honourable Nurudeen Olaitan Akinwunmi at the weekend organised a one day JAMB seminar...
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CBN retains MPR At 14%, CRR at 30%
March 22, 2017 No Responses

CBN retains MPR At 14%, CRR at 30%

The Monetary Policy Committee of the Central Bank of Nigeria (CBN) on Tuesday retained the Monetary Policy Rate (MPR) at 14 percent and the Cash Reserve Ratio (CRR) at 30 percent. MPR is the rate at which the Central Bank lends...
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NSE partners Access Bank to celebrate global money week
March 20, 2017 No Responses

NSE partners Access Bank to celebrate global money week

Consistent with its commitment to promote financial literacy and inclusion in Nigeria, the Nigerian Stock Exchange (NSE) in collaboration with Access Bank Plc is to commemorate the 2017 Global Money Week. Titled: ‘Learn. Save. Earn’ with a series of educat...
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Elumelu in Ghana, explains Africapitalism to youths
March 18, 2017 No Responses

Elumelu in Ghana, explains Africapitalism to youths

Tony Elumelu visited Ghana as the first stop of his UBA tour of Africa, propagating the ideal of Africapitalism.  In continuation of his strategic vision of engineering a robust economic and business relationship across the continent through Africapitalism as...
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First Bank canvasses support for sustainable interest in Agriculture
March 14, 2017 No Responses

First Bank canvasses support for sustainable interest in Agriculture

As part of its commitment to support agriculture businesses across the value chain and to play its enabling role in the nation’s drive for economic diversification through agriculture, First Bank of Nigeria Limited,  will hold an inaugural agric expo on...
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NSE to unveil economic dividend of gender equality, explains paternity leave
March 9, 2017 No Responses

NSE to unveil economic dividend of gender equality, explains paternity leave

By Moses Ebosele As part of measures to eliminate gender inequality, the Nigerian Stock Exchange (NSE) is to unveil an Economic Dividend of Gender Equality (EDGE). According to the NSE, the campaign  is aimed at educating  listed companies and dealing...
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CBN offers additional $367 Million to ease FOREX crisis
March 7, 2017 No Responses

CBN offers additional $367 Million to ease FOREX crisis

As part of measures to tackle Nigeria’s Foreign Exchange (FOREX) crisis, the Central Bank of Nigeria (CBN) on Monday carried out another round of retail interventions in the interbank FOREX market by providing $367,134,329.93 to meet the forward requests of....
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Process BTA, PTA in 24 hours, CBN tells Banks, Dealers
March 6, 2017 No Responses

Process BTA, PTA in 24 hours, CBN tells Banks, Dealers

To curtail speculations and facilitate prompt assistance to genuine foreign exchange (FOREX) customers, the Central Bank of Nigeria (CBN) has directed banks to henceforth ensure that all applications for Basic/Personal Travel Allowance (BTA/PTA) are processed ...
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FirstBank partners Oyo on Women Empowerment
March 3, 2017 No Responses

FirstBank partners Oyo on Women Empowerment

As part of measures to empower women financially,  FirstBank in collaboration with the Oyo State Ministry of Women Affairs recently  held Oyo State Summit on Women Empowerment. According to First Bank, the event  was hosted by the Wife of the...
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