Category: Capital Market/Banking

Banks Boost Financial Inclusion With 500,000 Agent Networks
March 28, 2018 No Responses

Banks Boost Financial Inclusion With 500,000 Agent Networks

In collaboration with the Central Bank of Nigeria (CBN), the licenced mobile money operators and the super agents, Commercial banks in Nigeria on Tuesday disclosed plan to roll-out 500,000 agent networks. According to the Banks, the development is designed to...
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UBA London Subsidiary Gets Regulatory Approval
March 28, 2018 No Responses

UBA London Subsidiary Gets Regulatory Approval

Foremost financial institution, United Bank for Africa (UBA Plc) on Tuesday announced that its London subsidiary has obtained regulatory permission to carry out wholesale banking services in the United Kingdom.  The approval licence was granted to the lender ...
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Wema Bank Secures $35m From AfDB To Fund SMEs
March 28, 2018 No Responses

Wema Bank Secures $35m From AfDB To Fund SMEs

Wema Bank Plc. has signed a Line of Credit Agreement with the African Development Bank (AfDB) to grow financial support to small and medium scale businesses in Nigeria.   In a statement, the Bank explained that AfDB has already disbursed...
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Heritage Bank empowers 5, 544 pupils, Teachers on financial literacy
March 27, 2018 No Responses

Heritage Bank empowers 5, 544 pupils, Teachers on financial literacy

As part of efforts to support the Central Bank of Nigeria’s Financial Literacy Day, which marks the Global Money Week, Heritage Bank Plc empowered 5, 544 (pupils and teachers) in 11 secondary schools across the country. The CBN’s Financial Literacy...
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Octopus: Heritage Bank Attains ISO 27001 Information Security Management Certification
March 21, 2018 one Response

Octopus: Heritage Bank Attains ISO 27001 Information Security Management Certification

Heritage Bank Plc  has achieved the Information Security Management Certification from International Standards Organisation (ISO). This certification also known as the ISO 27001: 2013 is part of the ISO 27000 family of standards which helps organisations keep...
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NSE Celebrates Global Money Week
March 17, 2018 No Responses

NSE Celebrates Global Money Week

The Nigerian Stock Exchange (NSE) is pleased to announce that it commemorated the 2018 Global Money Week themed, Money Matters Matter, between Monday, March 12, 2018 and Friday, March 16, 2018, with a series of educational programs aimed at teaching...
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Diamond Bank Unveils Game-enabled Digital Savings Platform
March 16, 2018 No Responses

Diamond Bank Unveils Game-enabled Digital Savings Platform

Foremost financial institution, Diamond Bank Plc, has raised higher the bar in the delivery of unique financial services that suits customers changing lifestyles and needs. In partnership with Women’s World Banking with support from Financial Sector Deepenin...
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Keystone Bank Partners NIPOST, Commissions Agency Banking
March 16, 2018 No Responses

Keystone Bank Partners NIPOST, Commissions Agency Banking

Keystone Bank Limited has launched ‘KeyServ’ (An Agency Banking Proposition)to serve customers outside its conventional brick & Mortar mode of banking.   The initiative in partnership with Nigerian Postal Service (NIPOST) and i-OneC (A FinTech Firm) i...
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Investors Stake N2.2B On Zenith Bank Shares
March 14, 2018 No Responses

Investors Stake N2.2B On Zenith Bank Shares

Transactions on the floor of Nigerian Stock Exchange (NSE) on Tuesday closed on a positive note as market capitalization capitalisation increased by N6 billion or 0.04 per cent to close at N15.408 trillion compared with the N15.402 trillion recorded on...
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NSE Market Capitalisation Drops By N105B
March 13, 2018 No Responses

NSE Market Capitalisation Drops By N105B

Trading on the Nigerian Stock Exchange (NSE) opened for the week on Monday with a drop of 0.26 per cent due to price depreciation of some blue chips. The All-Share Index dipped 111.35 points or 0.26 per cent to close...
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Diamond Bank Partners EDC on Women Empowerment
March 10, 2018 No Responses

Diamond Bank Partners EDC on Women Empowerment

 As part of measures to mark the 2018 International Women’s day, Diamond Bank partnered Enterprise Development Center (EDC) of the Pan Atlantic University, Lagos.   The Bank also lend its voice  to call for more women in the society to...
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IOSCO Begins Consultation On Trading Venues, Volatility
March 8, 2018 No Responses

IOSCO Begins Consultation On Trading Venues, Volatility

The Board of the International Organization of Securities Commissions (IOSCO) is seeking feedback on its proposed recommendations to assist trading venues and regulatory authorities in the implementation of mechanisms to manage extreme volatility. Extreme vola...
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WFE, 59 Stock Exchanges To Ring Gender Equality Bell
March 2, 2018 No Responses

WFE, 59 Stock Exchanges To Ring Gender Equality Bell

For the fourth year, a global collaboration across 59 stock exchanges around the world on Fridayconcluded plan to ‘Ring the Bell for Gender Equality’ to celebrate International Women’s Day onThursday, March 8, 2018.     The events are a partnership b...
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China Development Bank, UBA Sign Letter of Intent for $100m Loan Deal To Support SMEs In Africa
March 2, 2018 No Responses

China Development Bank, UBA Sign Letter of Intent for $100m Loan Deal To Support SMEs In Africa

United Bank for Africa (UBA) Plc has announced the signing of a letter of intent for $100 million to finance the development of Small and Medium Enterprises (SMEs) in Africa.  According to the financial institution, the $100 million loan will...
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