Category: Capital Market/Banking

CBN: Banks Are Sabotaging Our Efforts On New Notes
May 11, 2018 No Responses

CBN: Banks Are Sabotaging Our Efforts On New Notes

The Central Bank of Nigeria (CBN) has blamed commercial banks for sabotaging its efforts in replacing mutilated notes with new ones in the country. Mr Isaac Okorafor, Acting Director, Communications Department of the CBN, made the allegation in Lagos on...
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Forum Explores SME Access To Funding Through Capital Markets
May 10, 2018 No Responses

Forum Explores SME Access To Funding Through Capital Markets

The public sessions of the International Organization of Securities Commissions (IOSCO) opened on Thursday with special focus on Small and Medium Enterprises (SME) access to funding through capital markets.  Members also explored the sale of unsuitable produc...
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Wema Bank Assures Shareholders On Dividend Payment, Declares N65.27B Gross Earnings
May 10, 2018 No Responses

Wema Bank Assures Shareholders On Dividend Payment, Declares N65.27B Gross Earnings

Moses Ebosele, ebosele@hotmail.com –  “The day we begin to give you what you want (dividend),there will be no going back. Very soon we will be in a position to give you what you want. No management or board want to come...
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CBN Lifts FOREX Market With Additional $210m
May 9, 2018 No Responses

CBN Lifts FOREX Market With Additional $210m

The Central Bank of Nigeria (CBN), on Tuesday, May 8, 2018, boosted the inter-bank Foreign Exchange market with another sum of $210 million.  The Bank again offered the sum of $100 million to authorized dealers in the wholesale segment of...
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‘Banks Must Repay Excess Charges With Interest’
May 9, 2018 No Responses

‘Banks Must Repay Excess Charges With Interest’

The Central Bank of Nigeria (CBN), said any bank that deducts monies illegally from a customer’s account for products and services would be forced to refund the money to the customer with interest. Mr Fada David, Consumer Complaints Management, Consumer...
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Investors Stake N20.8B On 18,698 Deals In Four Days
May 5, 2018 No Responses

Investors Stake N20.8B On 18,698 Deals In Four Days

A total turnover of 1.331billion shares worth N20.835 billion in 18,695 deals were traded by investors on the floor of the Nigerian Stock Exchange (NSE) this week, in contrast to 1.825 billion shares valued at N24.653 billion that exchanged hands...
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CBN Injects $349.34m Into Retail SMIS
May 5, 2018 No Responses

CBN Injects $349.34m Into Retail SMIS

As part of its  intervention for the week, the Central Bank of Nigeria (CBN),  has injected the total sum of $349.34 million in the Retail Secondary Market Intervention Sales (SMIS) segment of the Forex market.  Figures obtained from the CBN...
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China Signs Currency Swap Agreement With Nigeria
May 3, 2018 No Responses

China Signs Currency Swap Agreement With Nigeria

China’s central bank said on Thursday it has signed a three-year bilateral currency swap agreement with Nigeria worth 15 billion yuan ($2.36 billion). The People’s Bank of China (PBOC) said on its website the swap deal will facilitate trade and...
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Ecobank Unveils Unified Digital Payment Solution
May 3, 2018 No Responses

Ecobank Unveils Unified Digital Payment Solution

A multi-featured digital payment solution, Ecobank Pay, is now available from Ecobank Nigeria. Ecobank Pay is built as a core part of Ecobank’s digital financial services ecosystem approach and will deliver unified and instant self-service across a range of ...
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First Bank Implores Youth On Wealth Initiatives
April 30, 2018 No Responses

First Bank Implores Youth On Wealth Initiatives

The Chairman, Board of Directors, First Bank of Nigeria, Mrs. Ibukun Awosika has implored youth in Edo State to embrace job and wealth creation initiatives.    Addressing participants at a two-day workshop organised by the Edo State Government in partnershi...
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Wema Bank Explains N16.07b Earnings In Q1
April 29, 2018 No Responses

Wema Bank Explains N16.07b Earnings In Q1

Wema Bank PLC has announced a 5.02% growth in earnings for Q1’2018 to N16.07 billion, from N15.28 billion in Q1’2017.   According to the Bank, the increase was supported by a 21.07% growth in non-interest income to N3.43 billion (Q1’2017;...
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NSE To Host 1,000 African Capital Market Experts In Lagos
April 27, 2018 No Responses

NSE To Host 1,000 African Capital Market Experts In Lagos

The Nigerian Stock Exchange (NSE) has emerged the preferred host of the 22nd Annual Conference of the African Securities Exchanges Association (ASEA) scheduled to hold from 25 to 27 November, 2018, at the Oriental Hotel Lagos. NSE won a similar...
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Diamond Bank Pulls Out Of UK
April 26, 2018 No Responses

Diamond Bank Pulls Out Of UK

The Managing Director/ Chief Executive Officer of Diamond Bank Plc, Uzoma Dozie, has assured  customers that the sale of the international subsidiaries is not expected to cause service disruptions for the bank’s customers across the world.    The Bank exp...
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Access Bank Shareholders Laud 2017 Performance, Dividend Policy
April 26, 2018 No Responses

Access Bank Shareholders Laud 2017 Performance, Dividend Policy

For the financial year 2017, Shareholders of Access Bank Plc on Wednesday commended the Management and Board for the payment of 65 kobo dividend on their investment.   The Bank on Wednesday paid a final dividend of 40 kobo per share....
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