Category: Capital Market/Banking

Nigeria Projects Microfinance Banks For 774 Councils
March 7, 2019 No Responses

Nigeria Projects Microfinance Banks For 774 Councils

Nigeria is to establish Microfinance Bank (MfBs)  in all the 774 local government areas of the country. Governor of the Central Bank of Nigeria (CBN), Mr. Godwin Emefiele, disclosed the development on Wednesday in Abuja while on a facility tour...
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Nigeria Stops Forex Sale To Textile Importers
March 6, 2019 No Responses

Nigeria Stops Forex Sale To Textile Importers

Citing need to encourage growth of the textile and cotton industry, the Central Bank of Nigeria, CBN, on Tuesday announced the restrictions of sale of foreign exchange to importers of textiles and other clothing materials with immediate effect. Speaking during...
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Shareholders Approve Access Bank, Diamond Bank Merger
March 6, 2019 No Responses

Shareholders Approve Access Bank, Diamond Bank Merger

With a unanimous vote, Shareholders of Access Bank Plc and Diamond Bank Plc on Tuesday approved the merger of both financial institutions. The shareholders approval was secured during an Extraordinary General Meetings (EGMs) of both banks held in Lagos State.....
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Capital Market Liquidity: Nigeria Seeks National Savings Committee
March 6, 2019 No Responses

Capital Market Liquidity: Nigeria Seeks National Savings Committee

The Minister of Finance, Mrs Zainab Ahmed has said that the Federal Government is willing to set up a National Savings Committee that will make recommendations to the government on the best ways to mobilise savings that would lead to...
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UBA Begins Operations In UK
March 2, 2019 No Responses

UBA Begins Operations In UK

Barely three weeks after United Bank for Africa (UBA) group launched its operations in Mali, the foremost financial institution has commenced business activities in the United Kingdom. At the upscale ceremony which held on Thursday, February 28, 2019...
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First Bank Marks 125 Anniversary, Renews Commitment To Service Delivery
March 2, 2019 No Responses

First Bank Marks 125 Anniversary, Renews Commitment To Service Delivery

First Bank of Nigeria Limited on Friday said it would remain committed to the development and growth of Nigeria as well as the financial industry through enhanced service delivery. Adesola Adeduntan, the bank’s Chief Executive Officer, stated this at its...
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Nigeria Stock Markets Dips Further By N196b
March 1, 2019 No Responses

Nigeria Stock Markets Dips Further By N196b

Trading on the Nigerian Stock Exchange (NSE) on Thursday continued to react negatively to the outcome of the presidential election with the market capitalisation losing N196 billion to close below N12 trillion mark in February. Specifically, the market capital...
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CSCS Gets ISO/IEC 27001:2013 Re-certification
February 27, 2019 No Responses

CSCS Gets ISO/IEC 27001:2013 Re-certification

Central Securities Clearing System (CSCS) Plc has secured its recertification under ISO/IEC 27001:2013 following the recent audit of its compliance with information security risks controls by the British Standards Institution (BSI), UK, one of the world’s la...
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Nigeria Boosts Foreign Exchange Market With $210m
February 27, 2019 No Responses

Nigeria Boosts Foreign Exchange Market With $210m

The Central Bank of Nigeria (CBN) has injected 210 million dollars into the inter-bank Foreign Exchange Market to ensure adequate supply of foreign exchange to customers. The CBN Director, Corporate Communications Department, Isaac Okorafor, in a statement on ...
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SEC Clamps Down On Growing Circle Over Alleged Illegal Capital Market Activities
February 20, 2019 No Responses

SEC Clamps Down On Growing Circle Over Alleged Illegal Capital Market Activities

The Securities and Exchange Commission, SEC, has sealed off the premises of Growing Circle in Lagos for  engaging in alleged  illegal fund management  activities. According to the Commission, the company was shut down for carrying out investment...
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Nigeria Lifts FOREX Market With $210m
February 20, 2019 No Responses

Nigeria Lifts FOREX Market With $210m

The Central Bank of Nigeria (CBN) has made a fresh injection of $210 million into the inter-bank foreign exchange market in its determination to boost supply in that sector of the market. Figures released by the Bank on Tuesday, February...
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Total Top Losers Table As Nigerian Stock Exchange Is Down By N196B
February 19, 2019 No Responses

Total Top Losers Table As Nigerian Stock Exchange Is Down By N196B

The Nigerian Stock Exchange (NSE) on Monday reacted negatively to sudden election postponement, dropping by N196 billion as predicted by financial experts. Specifically, the market capitalisation shed N196 billion or 1.61 per cent to close at N12.004 trillion ...
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Global Securities Regulators Welcome Agreement on Data Transfer
February 16, 2019 No Responses

Global Securities Regulators Welcome Agreement on Data Transfer

The International Organization of Securities Commissions (IOSCO) and the European Securities and Markets Authority (ESMA) welcome the Opinion of the European Data Protection Board (EDPB) on their administrative arrangement for the transfer of personal data bet...
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Federation Of Exchanges To Focus On Regulatory Coherence In 2019
February 15, 2019 No Responses

Federation Of Exchanges To Focus On Regulatory Coherence In 2019

The World Federation of Exchanges (WFE), the global industry group for exchanges has agreed its 2019 business priorities will focus on the following areas: regulatory coherence or market fragmentation; technology-related policy work on topics including in...
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