Category: Capital Market/Banking

Zenith Bank Appoints Ebenezer Onyeagwu GMD/CEO
April 9, 2019 No Responses

Zenith Bank Appoints Ebenezer Onyeagwu GMD/CEO

Zenith Bank Plc has named Mr. Ebenezer Onyeagwu as its Group Managing Director/Chief Executive Officer (GMD/CEO). His appointment takes effect June 1, subject to the approval of the Central Bank of Nigeria (CBN). The bank explained in statement that Onyeagwu’s...
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Ecobank Unveils Pay Zone At Ariaria Market
April 7, 2019 No Responses

Ecobank Unveils Pay Zone At Ariaria Market

The Managing Director, Ecobank Nigeria, Patrick Akinwuntan has assured businesses in Ariaria Market, Aba of better ease in receiving their payments. The Ecobank Managing Director who launched the Ecobankpay zone at the market said it will facilitate easy, secu...
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NSE Unveils Multi-Asset Brand Campaign
April 5, 2019 No Responses

NSE Unveils Multi-Asset Brand Campaign

As part of efforts to boost investor education and increase investor participation in the Nigerian capital market, the Nigerian Stock Exchange (NSE) has flagged off an above the line marketing campaign that amplifies the Exchange’s credential as a leading se...
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ACCESS BANK ANNOUNCES DUAL LISTING OF N15B CORPORATE GREEN BOND
April 2, 2019 No Responses

ACCESS BANK ANNOUNCES DUAL LISTING OF N15B CORPORATE GREEN BOND

Access Bank Plc on Monday announced the dual-listing of a fully certified Green Bond on the FMDQ OTC Securities Exchange and the Nigerian Stock Exchange.  According to Access Bank, this follows the formal approval of the bond by the Securities...
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Analysts Make Assessment Of CBN’s Report Card Under Emefiele
March 31, 2019 No Responses

Analysts Make Assessment Of CBN’s Report Card Under Emefiele

The Central Bank of Nigeria Governor, Mr. Godwin Emefiele can be described as the proverbial cat with nine lives considering the storms he weathered in the past five years. Typically, in Nigeria’s political scene, it is usually not easy for...
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14 Years After, Wema Bank Shareholders To Get Dividend
March 30, 2019 No Responses

14 Years After, Wema Bank Shareholders To Get Dividend

The Board and Management of Wema Bank Plc has concluded plans to reward ts shareholders with dividend, 14 years after the exercise was suspended due to various challenges.  For the year ended December 31, 2018, the Bank’s  gross earnings increased....
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MPR Reduction: More Experts Laud CBN
March 29, 2019 No Responses

MPR Reduction: More Experts Laud CBN

The Lagos Chamber of Commerce and Industry (LCCI) has commended the Central Bank of Nigeria (CBN)  for  reducing the Monetary Policy Rate (MPR) by 50 basis points from 14 per cent to 13.5  per cent. Its Director-General, Mr. Muda Yusuf...
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SEC Extends Issuance of Dividend Warrants to Dec 2019
March 29, 2019 No Responses

SEC Extends Issuance of Dividend Warrants to Dec 2019

The securities and Exchange Commission (SEC) has extended the deadline for the discontinuance of the issuance of dividend warrants to 31st December 2019. This the SEC said is to enable relevant stakeholders deliberate on and address all outstanding issues...
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Entities Must Identify, Block Fraudsters, Says Saleh, CEO, Egyptian Stock Exchange
March 29, 2019 No Responses

Entities Must Identify, Block Fraudsters, Says Saleh, CEO, Egyptian Stock Exchange

The Executive Chairman, Egyptian Stock Exchange, Mohamed Farid Saleh, has advised financial institution to put in place a detailed Know Your Customer (KYC) policy as part of measures to curtail financial crimes.  In a chat with WFE in house magazine,...
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Sustaining Industrial Base Through FOREX Restriction On 41 Items
March 29, 2019 No Responses

Sustaining Industrial Base Through FOREX Restriction On 41 Items

Gradually, the Foreign Exchange (FOREX) restriction placed  on 41 items by the Central Bank of Nigeria (CBN) is generating positive impact across the country.  The policy, which among others is designed to protect local production and create employme...
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CBN Pegs Interest Rate At 13.5 Per Cent
March 27, 2019 No Responses

CBN Pegs Interest Rate At 13.5 Per Cent

The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) has for the first time in two years adjusted interest rate downwards to 13.5 per cent.  Briefing Journalists after the meeting on Tuesday, CBN Governor, Godwin Emefiele said:...
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UBA Hinges Future Performance On Cost Efficiency
March 25, 2019 No Responses

UBA Hinges Future Performance On Cost Efficiency

United Bank for Africa (UBA) Plc has assured its local and international investors that it’s prudent focus on improved asset quality as well as the continuous adoption of strict cost efficient measures will help the bank achieve its objectives and...
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Ecobank Wins CBN/NIBSS Award For Data Integrity
March 24, 2019 No Responses

Ecobank Wins CBN/NIBSS Award For Data Integrity

Ecobank has been named winner of Electronic Data Rendition and Integrity  award in the Platform Efficiency award category at the 4th Electronic Payments Incentive Scheme Efficiency awards organised jointly by CBN/NIBSS in Lagos on Friday.  A statemen...
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CBN Explains $6b Investments In Nigeria’s Bond Market
March 22, 2019 No Responses

CBN Explains $6b Investments In Nigeria’s Bond Market

As Nigerians await the outcome of the supplementary polls in some states, the successful conduct of the general elections is generating positive investments, with the inflow of over $6 billion into the local bond market. Central Bank of Nigeria (CBN)...
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