Category: Capital Market/Banking

Monetary Policy Committee Retains Lending Rate At 14%
April 5, 2018 No Responses

Monetary Policy Committee Retains Lending Rate At 14%

The Monetary Policy Committee (MPC) has once again retained the Monetary Policy Rate at 14 per cent due to persistent uncertain economic conditions and high inflation. The Central Bank of Nigeria (CBN) Governor, Mr Godwin Emefiele said this while briefing...
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Naira Dips Marginally Against Dollar At Parallel Market
April 4, 2018 No Responses

Naira Dips Marginally Against Dollar At Parallel Market

The Naira on Tuesday depreciated marginally against the dollar at the parallel market, exchanging at N361.20 to the dollar.  The News Agency of Nigeria (NAN) reports that the Nigerian currency lost 20 kobo from N361 earlier traded before the Easter...
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Heritage Bank Partners WATIF On Sub-Regional Integration
April 3, 2018 No Responses

Heritage Bank Partners WATIF On Sub-Regional Integration

Heritage Bank has partnered first edition of West Africa Trade and Investment Forum on sub-regional integration of economies of West African countries in the areas of agriculture, education and skills, manufacturing and information communication technology (IC...
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Between Family Firms, Listing And Capital Markets
March 30, 2018 No Responses

Between Family Firms, Listing And Capital Markets

  The  World Federation of Exchange (WFE)  has published a report into family businesses, investigating the opportunities and challenges for family firms when considering public equity as a source of funding. The report – entitled ‘Family Firms ...
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Banks Boost Financial Inclusion With 500,000 Agent Networks
March 28, 2018 No Responses

Banks Boost Financial Inclusion With 500,000 Agent Networks

In collaboration with the Central Bank of Nigeria (CBN), the licenced mobile money operators and the super agents, Commercial banks in Nigeria on Tuesday disclosed plan to roll-out 500,000 agent networks. According to the Banks, the development is designed to....
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UBA London Subsidiary Gets Regulatory Approval
March 28, 2018 No Responses

UBA London Subsidiary Gets Regulatory Approval

Foremost financial institution, United Bank for Africa (UBA Plc) on Tuesday announced that its London subsidiary has obtained regulatory permission to carry out wholesale banking services in the United Kingdom.  The approval licence was granted to the lender ...
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Wema Bank Secures $35m From AfDB To Fund SMEs
March 28, 2018 No Responses

Wema Bank Secures $35m From AfDB To Fund SMEs

Wema Bank Plc. has signed a Line of Credit Agreement with the African Development Bank (AfDB) to grow financial support to small and medium scale businesses in Nigeria.   In a statement, the Bank explained that AfDB has already disbursed...
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Heritage Bank empowers 5, 544 pupils, Teachers on financial literacy
March 27, 2018 No Responses

Heritage Bank empowers 5, 544 pupils, Teachers on financial literacy

As part of efforts to support the Central Bank of Nigeria’s Financial Literacy Day, which marks the Global Money Week, Heritage Bank Plc empowered 5, 544 (pupils and teachers) in 11 secondary schools across the country. The CBN’s Financial Literacy...
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Octopus: Heritage Bank Attains ISO 27001 Information Security Management Certification
March 21, 2018 one Response

Octopus: Heritage Bank Attains ISO 27001 Information Security Management Certification

Heritage Bank Plc  has achieved the Information Security Management Certification from International Standards Organisation (ISO). This certification also known as the ISO 27001: 2013 is part of the ISO 27000 family of standards which helps organisations keep...
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NSE Celebrates Global Money Week
March 17, 2018 No Responses

NSE Celebrates Global Money Week

The Nigerian Stock Exchange (NSE) is pleased to announce that it commemorated the 2018 Global Money Week themed, Money Matters Matter, between Monday, March 12, 2018 and Friday, March 16, 2018, with a series of educational programs aimed at teaching...
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Diamond Bank Unveils Game-enabled Digital Savings Platform
March 16, 2018 No Responses

Diamond Bank Unveils Game-enabled Digital Savings Platform

Foremost financial institution, Diamond Bank Plc, has raised higher the bar in the delivery of unique financial services that suits customers changing lifestyles and needs. In partnership with Women’s World Banking with support from Financial Sector Deepenin...
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Keystone Bank Partners NIPOST, Commissions Agency Banking
March 16, 2018 No Responses

Keystone Bank Partners NIPOST, Commissions Agency Banking

Keystone Bank Limited has launched ‘KeyServ’ (An Agency Banking Proposition)to serve customers outside its conventional brick & Mortar mode of banking.   The initiative in partnership with Nigerian Postal Service (NIPOST) and i-OneC (A FinTech Firm) i...
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Investors Stake N2.2B On Zenith Bank Shares
March 14, 2018 No Responses

Investors Stake N2.2B On Zenith Bank Shares

Transactions on the floor of Nigerian Stock Exchange (NSE) on Tuesday closed on a positive note as market capitalization capitalisation increased by N6 billion or 0.04 per cent to close at N15.408 trillion compared with the N15.402 trillion recorded on...
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NSE Market Capitalisation Drops By N105B
March 13, 2018 No Responses

NSE Market Capitalisation Drops By N105B

Trading on the Nigerian Stock Exchange (NSE) opened for the week on Monday with a drop of 0.26 per cent due to price depreciation of some blue chips. The All-Share Index dipped 111.35 points or 0.26 per cent to close...
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