Category: Capital Market/Banking

CBN: Nigeria’s Balance Of Payments Records $2.80m Surplus
March 14, 2019 No Responses

CBN: Nigeria’s Balance Of Payments Records $2.80m Surplus

Nigeria’s Balance of Payment improved by a surplus of $2.80 million in the fourth quarter of  2018, from $4.54 million recorded in the third quarter of same year, the Central Bank of Nigeria (CBN) disclosed on Wednesday. According to a...
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Ecobank Nigeria Unveils Special Initiative For Female Entrepreneurs
March 9, 2019 No Responses

Ecobank Nigeria Unveils Special Initiative For Female Entrepreneurs

As part of activities to mark the 2019 International Women’s Day, Ecobank Nigeria has unveiled  special initiative for female entrepreneurs.  The Ecobank Female Entrepreneurs Initiative is a platform designed to recognise women as special and uniqu...
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Emefiele And The Stakes At CBN
March 9, 2019 No Responses

Emefiele And The Stakes At CBN

By Sufuyan Ojeifo  – As the central bank and apex monetary authority of the country, the major regulatory objectives of the Central Bank of Nigeria (CBN) as mirrored in the institution’s enabling Act are to maintain the e...
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Seplat Declares $746m Revenue, Recommends $0.05 Dividend For 2018
March 8, 2019 No Responses

Seplat Declares $746m Revenue, Recommends $0.05 Dividend For 2018

citybusinessnews@yahoo.com – For the year 2018, a leading Nigerian indigenous oil and gas company, Seplat Petroleum Development Company Plc has declared $746million revenue and operating profit of $310million  Listed on both the Nigerian Stock Excha...
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MTN Nigeria To list Shares Before June, Explains $1b Divestment Agenda
March 8, 2019 No Responses

MTN Nigeria To list Shares Before June, Explains $1b Divestment Agenda

MTN Group has concluded plans to list shares on the floor of Nigerian Stock Exchange (NSE) before the end of June, 2019.  In a statement on Thursday, the Group explained that  the year 2018 recorded revenue of  37.971billion South African...
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Nigeria Projects Microfinance Banks For 774 Councils
March 7, 2019 No Responses

Nigeria Projects Microfinance Banks For 774 Councils

Nigeria is to establish Microfinance Bank (MfBs)  in all the 774 local government areas of the country. Governor of the Central Bank of Nigeria (CBN), Mr. Godwin Emefiele, disclosed the development on Wednesday in Abuja while on a facility tour...
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Nigeria Stops Forex Sale To Textile Importers
March 6, 2019 No Responses

Nigeria Stops Forex Sale To Textile Importers

Citing need to encourage growth of the textile and cotton industry, the Central Bank of Nigeria, CBN, on Tuesday announced the restrictions of sale of foreign exchange to importers of textiles and other clothing materials with immediate effect. Speaking during...
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Shareholders Approve Access Bank, Diamond Bank Merger
March 6, 2019 No Responses

Shareholders Approve Access Bank, Diamond Bank Merger

With a unanimous vote, Shareholders of Access Bank Plc and Diamond Bank Plc on Tuesday approved the merger of both financial institutions. The shareholders approval was secured during an Extraordinary General Meetings (EGMs) of both banks held in Lagos State.....
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Capital Market Liquidity: Nigeria Seeks National Savings Committee
March 6, 2019 No Responses

Capital Market Liquidity: Nigeria Seeks National Savings Committee

The Minister of Finance, Mrs Zainab Ahmed has said that the Federal Government is willing to set up a National Savings Committee that will make recommendations to the government on the best ways to mobilise savings that would lead to...
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UBA Begins Operations In UK
March 2, 2019 No Responses

UBA Begins Operations In UK

Barely three weeks after United Bank for Africa (UBA) group launched its operations in Mali, the foremost financial institution has commenced business activities in the United Kingdom. At the upscale ceremony which held on Thursday, February 28, 2019...
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First Bank Marks 125 Anniversary, Renews Commitment To Service Delivery
March 2, 2019 No Responses

First Bank Marks 125 Anniversary, Renews Commitment To Service Delivery

First Bank of Nigeria Limited on Friday said it would remain committed to the development and growth of Nigeria as well as the financial industry through enhanced service delivery. Adesola Adeduntan, the bank’s Chief Executive Officer, stated this at its...
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Nigeria Stock Markets Dips Further By N196b
March 1, 2019 No Responses

Nigeria Stock Markets Dips Further By N196b

Trading on the Nigerian Stock Exchange (NSE) on Thursday continued to react negatively to the outcome of the presidential election with the market capitalisation losing N196 billion to close below N12 trillion mark in February. Specifically, the market capital...
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CSCS Gets ISO/IEC 27001:2013 Re-certification
February 27, 2019 No Responses

CSCS Gets ISO/IEC 27001:2013 Re-certification

Central Securities Clearing System (CSCS) Plc has secured its recertification under ISO/IEC 27001:2013 following the recent audit of its compliance with information security risks controls by the British Standards Institution (BSI), UK, one of the world’s la...
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Nigeria Boosts Foreign Exchange Market With $210m
February 27, 2019 No Responses

Nigeria Boosts Foreign Exchange Market With $210m

The Central Bank of Nigeria (CBN) has injected 210 million dollars into the inter-bank Foreign Exchange Market to ensure adequate supply of foreign exchange to customers. The CBN Director, Corporate Communications Department, Isaac Okorafor, in a statement on ...
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