Category: Capital Market/Banking

Heritage Bank gets CBN’s sustainable banking award in agric
December 18, 2017 No Responses

Heritage Bank gets CBN’s sustainable banking award in agric

Heritage Bank has been bestowed with the inaugural Nigeria Sustainable Banking Award convened by the Central Bank of Nigeria (CBN) “For Sustainable Transaction of The Year in Agriculture.” The award which was in recognition of its outstanding success and leadership...
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CBN injects $210m into currency market
December 13, 2017 No Responses

CBN injects $210m into currency market

The Central Bank of Nigeria (CBN)  said on Tuesday it had injected 210 million dollars into the interbank foreign exchange market, extending efforts to boost liquidity and alleviate dollar shortages.  In a statement, the bank said it had released 100...
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Market capitalisation depreciates by N120b
December 12, 2017 No Responses

Market capitalisation depreciates by N120b

Transactions on the floor of Nigerian Stock Exchange (NSE) on Monday commenced on a negative note as market capitalisation which opened at N13.672 trillion dropped by N120 billion or 0.89 per cent to close at N13.913 trillion.   Also, the All-Share...
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Capital market operators implore CBN, SEC on single license
December 11, 2017 No Responses

Capital market operators implore CBN, SEC on single license

Capital market operators at the weekend in Lagos called on the Central Bank of Nigeria (CBN) and the Securities and Exchange Commission (SEC) to grant them single dealing license to access discount window.    Speaking at the 2017 annual conference...
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Access Bank unveils growth agenda, explains 351 new branches
December 5, 2017 No Responses

Access Bank unveils growth agenda, explains 351 new branches

Foremost financial institution, Access Bank Plc on Monday announced new five-year strategy with an ambitious plan to become Africa’s Gateway to the World.   Briefing stakeholders at the Nigerian Stock Exchange (NSE), the Bank explained that development is t...
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Sterling Bank, others flag off e-ticketing in BRT buses
December 5, 2017 No Responses

Sterling Bank, others flag off e-ticketing in BRT buses

Sterling Bank Plc in collaboration with Primero, LAMATA and E-Purse Systems Limited recently  commenced implementation of e-ticketing system for Bus Rapid Transport (BRT) in Lagos. This, according to a statement from the lender, followed the recent launch of ...
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Oando:Shareholders demand Kemi Adeosun’s sack
December 5, 2017 No Responses

Oando:Shareholders demand Kemi Adeosun’s sack

South-South Coordinator of the Oando Shareholders Solidarity Group (OSSG), Mr Clement Ebitimi, has called on President Muhammadu Buhari to sack the Minister of Finance, Kemi Adeosun, for allegedly meddling in the forensic audit of Oando Plc.  Some newspapers ...
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Investors Stake N35.1b on 14.2billion Shares In Four Days
December 1, 2017 No Responses

Investors Stake N35.1b on 14.2billion Shares In Four Days

A total turnover of 14.257 billion shares worth N35.056 billion in 17,379 deals were traded between Monday and Thursday this week by investors on the floor of NigerianStock Exchange (NSE) in contrast to a total of 2.182 billion shares valued...
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Heritage Bank extends agent banking to Ogijo
November 30, 2017 No Responses

Heritage Bank extends agent banking to Ogijo

Heritage Bank Plc has registered its presence in Ogijo in the Sagamu Local Government Area of Ogun State; with the commissioning of Dunmop Ventures as agent banking partner under the financial inclusion policy of the Central Bank of Nigeria (CBN)...
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Ecobank Nigeria Appoints Olagbami Chief Risk Officer
November 30, 2017 No Responses

Ecobank Nigeria Appoints Olagbami Chief Risk Officer

Ecobank Nigeria has announced the appointment of Mr. Adebiyi Olagbami as an Executive Director and the Chief Risk Officer of the Bank effective November 15, 2017.  Mr Olagbami has 25 years banking experience with over 21 years in Risk Management....
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Nigerian Breweries, Stanbic IBTC top gainers’ table as market capitalisation sustains growth by N89b
November 29, 2017 No Responses

Nigerian Breweries, Stanbic IBTC top gainers’ table as market capitalisation sustains growth by N89b

Nigerian Breweries on Tuesday recorded the highest price gain of N6.43 to lead the gainers’ table and closed at N137.60 per share.   Stanbic IBTC followed by a gain of N1.85 to close at N41.85, while Dangote Cement increased by...
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Sterling Bank bags best award in financial inclusion
November 28, 2017 No Responses

Sterling Bank bags best award in financial inclusion

Sterling Bank Plc, has won the best company in financial inclusion award at the SERAs CSR Africa 2017 awards held in Lagos.  The theme of this year’s edition of the awards is transformational sustainability: From Social Responsibility to Social Impact....
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Oando: Shareholders insist on interim management
November 28, 2017 No Responses

Oando: Shareholders insist on interim management

Shareholders of Oando Plc have advised the current management of the company under the leadership of Mr Wale Tinubu to step down in the interest of all stakeholders.    A Federal High Court sitting in Lagos had last week dismissed...
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Nestle shareholders to get 1,500k interim dividend as Wapic, Zenith, UBA records N5.8b deals in five days
November 25, 2017 No Responses

Nestle shareholders to get 1,500k interim dividend as Wapic, Zenith, UBA records N5.8b deals in five days

 For the period ended September 2017, Nestle Plc has proposed 1500 kobo interim dividend.   In a notice to the Nigerian StockExchange (NSE), the company explained that qualification date is 24th November 2017 while closure date is 27th November 2017....
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