Category: Capital Market/Banking

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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NSE partners DMO, lists $1Billion FGN Eurobonds
March 2, 2017 No Responses

NSE partners DMO, lists $1Billion FGN Eurobonds

The Nigerian Stock Exchange (NSE) will on Thursday, March 2, 2017, list $1 billion Federal Government (FGN) Eurobond issued under Nigeria’s newly established Global Medium Term Note programme. The 15-year domestic Sovereign Eurobond priced at par and at a co...
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2016: Zenith Bank declares N129.65b profit, reward shareholders with N1.77 dividend
February 28, 2017 No Responses

2016: Zenith Bank declares N129.65b profit, reward shareholders with N1.77 dividend

For the year ended December 31, 2016, Zenith International Bank Plc has declared a profit after tax of N129.65 billion and a final dividend of N1.77 per share  This is contained in the company’s audited report released by the Nigerian...
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CBN re-introduces charges on cash deposits, withdrawals
February 24, 2017 No Responses

CBN re-introduces charges on cash deposits, withdrawals

About three years after the policy was suspended, the  Central Bank of Nigeria (CBN) on Thursday announced the re-introduction of bank charges on certain categories of cash deposits and withdrawals.      In a circular to all Deposit Money Banks posted on...
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WFE unveils report on SME financing, equity markets
February 23, 2017 No Responses

WFE unveils report on SME financing, equity markets

The World Federation of Exchanges (WFE) on Wednesday  published a report into exchanged-based financing of Small and Medium Enterprises (SMEs), aimed at identifying globally-consistent barriers and opportunities for enhancing SME access to equity finance. As ...
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CBN announces new foreign exchange policy
February 21, 2017 No Responses

CBN announces new foreign exchange policy

The Central Bank of Nigeria (CBN) has unveiled a new foreign exchange policy with immediate effect. According to the CBN, in order to ease the difficulties encountered by Nigerians in obtaining funds for foreign exchange transactions, it would henceforth be...
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FG, UBA restate commitment to development of creative industry
February 2, 2017 No Responses

FG, UBA restate commitment to development of creative industry

REDTV, an online lifestyle channel that puts the spotlight on Africa with a distinct global appeal, in conjunction with The Naked Convos has premiered a new web-series titled, ‘Our Best Friend’s wedding’.  REDTV is supported by the United Bank for...
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