Category: Capital Market/Banking

Naira Depreciates Against Dollar At Parallel Market
May 19, 2018 No Responses

Naira Depreciates Against Dollar At Parallel Market

The Naira on Friday depreciated against the dollar at the parallel market in Lagos, the News Agency of Nigeria (NAN) reports.  The Nigerian currency lost one point to exchange at N363, weaker than N362 posted on Thursday, while the Pound...
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UBA Kenya to Leverage on Group’s Capacity to Finance Large Ticket Transactions
May 18, 2018 No Responses

UBA Kenya to Leverage on Group’s Capacity to Finance Large Ticket Transactions

United Bank for Africa (UBA) has assured the players in the private and public sectors in East Africa’s largest economy that its Kenyan franchise is ready and committed to finance key projects and business transactions capable of galvanising the economic...
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Panel On Banking Supervision Issue Criteria For Identifying simple, transparent Securitisations
May 14, 2018 No Responses

Panel On Banking Supervision Issue Criteria For Identifying simple, transparent Securitisations

The Basel Committee on Banking Supervision (BCBS) and the International Organization of Securities Commissions (IOSCO)  on Monday issued the Criteria for identifying simple, transparent and comparable short-term securitisations.    According to IOSCO, the s...
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CBN, Heritage Bank, ICC Brainstorm On Global Trade Operation Systems
May 14, 2018 No Responses

CBN, Heritage Bank, ICC Brainstorm On Global Trade Operation Systems

Heritage Bank Plc has hosted the May 2018 edition of the bankinng technique and practice meeting of the International Chamber of Commerce Nigeria. The meeting held at the Victoria Island Office of the financial institution attracted representatives of the ICC....
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Diamond Bank Explains N1.8B Revenue In Q1
May 12, 2018 No Responses

Diamond Bank Explains N1.8B Revenue In Q1

Diamond Bank Plc has declared growth in its mobile banking revenue from N1.2 billion in Q1 2017 to N1.8 billion in Q1 2018.   In its Q1 result released on the floor of Nigerian Stock Exchange (NSE), said Increases were...
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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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