Category: Capital Market/Banking

MSMEs: AfDB, Fidelity Bank Seal $15.35b MoU
May 8, 2019 No Responses

MSMEs: AfDB, Fidelity Bank Seal $15.35b MoU

The African Development Bank (AfDB) has extended a $50 million (about N15.35 billion) facility to Fidelity Bank Plc for the growth of Micro Small and Medium Enterprises (MSMEs). The facility is designed to boost the bank’s capacity to promote the...
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Financial Literacy Team Visits FIRS Boss, Explains Capital Market Studies Curriculum
May 7, 2019 No Responses

Financial Literacy Team Visits FIRS Boss, Explains Capital Market Studies Curriculum

There are indications that the proposed stand-alone curriculum on Capital Market Studies, CMS, will soon be infused into carrier subjects in Basic and Secondary Schools in Nigeria.This indication was given by the Chairperson of the Financial Literacy Technical...
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SEC Receives MTN’s Application For Listing on Nigerian Stock Exchange
May 6, 2019 No Responses

SEC Receives MTN’s Application For Listing on Nigerian Stock Exchange

The Securities and Exchange Commission (SEC) on Monday disclosed  that MTN Nigeria has formally applied for listing by introduction on the Nigerian Stock Exchange (NSE). SEC Head, Corporate Communications, Efe Ebelo,  who confirmed the development explaine...
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Textile Smuggling: CBN To Blacklist Banks, Firms, Individuals
May 6, 2019 No Responses

Textile Smuggling: CBN To Blacklist Banks, Firms, Individuals

To revive Nigeria’s moribund cotton, textiles and garments sector, the Central Bank of Nigeria (CBN) on Monday commenced the distribution of cotton seeds and other inputs to farmers in Katsina State.To encourage local textile production, the apex bank also t...
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SEC Urges Beneficiaries Of Deceased Investors To Claim Their Dividends
May 1, 2019 No Responses

SEC Urges Beneficiaries Of Deceased Investors To Claim Their Dividends

In a bid to further reduce the quantum of unclaimed dividends in the Nigerian capital market, the Securities and Exchange Commission, SEC has urged beneficiaries of deceased investors to step up efforts to claim such dividends. This was stated by...
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Panel Recovers N40m From Commercial Bank
May 1, 2019 No Responses

Panel Recovers N40m From Commercial Bank

The Special Presidential Investigation Panel for the recovery of Public Property (SPIP), says it has recovered over 40 million naira for the Federal Government from one of the commercial banks in the country. This was made known in a statement...
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Access Bank XclusivePlus Win Best Affluent Banking Initiative In West Africa
April 30, 2019 No Responses

Access Bank XclusivePlus Win Best Affluent Banking Initiative In West Africa

XclusivePlus, a premium lifestyle proposition by Access bank, designed to provide special privileges and exceptional services to customers has been awarded “Best Affluent Banking Initiative in West Africa 2019” at the prestigious Asian Banker Awards held a...
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SEC Nigeria To Align Master Plan With Current Economic Realities
April 29, 2019 No Responses

SEC Nigeria To Align Master Plan With Current Economic Realities

The Securities and Exchange Commission (SEC) is to align the 10 Year Capital Market Master plan with current economic realities as well as ensure the planned  review is concluded in record time. Acting Director General of  SEC Nigeria, Ms. Mary...
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CBN To Withdraw Dirty, Mutilated Notes
April 29, 2019 No Responses

CBN To Withdraw Dirty, Mutilated Notes

The Central Bank of Nigeria (CBN) has unveiled fresh plans to withdraw from circulation dirty and mutilated notes.  According to the apex Bank, a large proportion of the N7.9 trillion pieces of naira notes in circulation are dirty, mutilated, unfit...
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SEC Nigeria To Align Master Plan With Current Economic Realities
April 28, 2019 No Responses

SEC Nigeria To Align Master Plan With Current Economic Realities

The Securities and Exchange Commission (SEC) is to align the 10 Year Capital Market Master plan with current economic realities as well as ensure the planned  review is concluded in record time. Acting Director General of  SEC Nigeria, Ms. Mary Uduk...
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Access Bank Shareholders Get 25kobo Final Dividend
April 26, 2019 No Responses

Access Bank Shareholders Get 25kobo Final Dividend

Shareholders of Access Bank Plc on Thursday approved the final payment of 25kobo dividend.  Speaking during the  Annual General Meeting in Lagos, the Shareholders also commended the Board and Management of the Bank on the successful merger with Diamo...
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Microsoft Hits $1trillion Market Value
April 26, 2019 No Responses

Microsoft Hits $1trillion Market Value

Microsoft has seen its stock market value top $1 trillion (£774bn) after reporting better-than-expected sales and profits. The US software giant passed the mark briefly on Thursday, before its share price fell back. It makes it one of only three...
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CBN Lifts Interbank Forex Market With $210m
April 25, 2019 No Responses

CBN Lifts Interbank Forex Market With $210m

The Central Bank of Nigeria (CBN) on Wednesday  intervened in the interbank forex market with the sum of $210 million.. According to the figures released by the CBN, authorized dealers in the wholesale segment of the market, as in previous...
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CBN Records N718.0b, $1.1b From NCR In 2018
April 24, 2019 No Responses

CBN Records N718.0b, $1.1b From NCR In 2018

The Central Bank of Nigeria (CBN) has said that it recorded a huge leap in the value of financing statements under the National Collateral Registry (NCR) in the last five years from N487 billion and $20 million in 2017 to...
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