Category: Capital Market/Banking

FirstBank’s financial literacy programme berths in South-East.
July 19, 2017 No Responses

FirstBank’s financial literacy programme berths in South-East.

First Bank of Nigeria Limited has expanded its Financial Literacy programme to the Eastern part of the country with the launch of its Financial Literacy programme for Secondary Schools in Ebony State, under the auspices of the FirstBank FutureFirst Programme....
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NSE deploys Nasdaq smart surveillance technology
July 18, 2017 No Responses

NSE deploys Nasdaq smart surveillance technology

Nasdaq in collaboration with the Nigerian Stock Exchange (NSE) on Monday unveiled new market surveillance platform powered by SMARTS.        SMARTS technology is Nasdaq’s flagship surveillance solution.     The technology will, amongst other thi...
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UBA Board to consider accounts, interim dividend on Thursday
July 17, 2017 No Responses

UBA Board to consider accounts, interim dividend on Thursday

The Board of Directors of United Bank for Africa (UBA) Plc would on Thursday, this week, meet to deliberate on the company’s accounts and financial statements for the half year ended June 30, 2017. A statement issued by the Secretary...
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NSE lifts suspension on Sovereign Trust Insurance
July 12, 2017 No Responses

NSE lifts suspension on Sovereign Trust Insurance

The Nigerian Stock Exchange (NSE) has lifted suspension placed on the share of  Sovereign Trust Insurance Plc following the submission of the 2016 audited and 2017 first quarter result of the  company.  A statement signed by Godstime Iwenekhai, Acting Head,...
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FirstBank appoints Abdullahi Ibrahim as Executive Director
July 11, 2017 No Responses

FirstBank appoints Abdullahi Ibrahim as Executive Director

First Bank of Nigeria Limited, on Monday announced the appointment of Mr. Abdullahi Ibrahim as an Executive Director. Prior to this appointment, Abdullahi was the Bank’s Group Executive, Retail Banking North.    Mr. Ibrahim’s appointment is in sync with ...
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CBN targets single digit inflation
July 10, 2017 No Responses

CBN targets single digit inflation

Nigeria “will get back” to single digit inflation, the Governor of Central Bank of Nigeria (CBN), Godwin Emefiele has declared.    In an interview with Arise Television, Emefiele explained that with the improvement seen in growth from the negative 1.7...
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Citibank grants N500m loan for microfinance development in Nigeria
July 5, 2017 No Responses

Citibank grants N500m loan for microfinance development in Nigeria

Citibank Nigeria has extended a loan of N500 million to Accion Microfinance Bank (Accion MFB) in Nigeria to drive and promote the development of the microfinance sector in Nigeria.   This loan will fund Accion’s loan portfolio and support the...
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Elumelu commends Afreximbank, seeks support for African Businesses
July 4, 2017 No Responses

Elumelu commends Afreximbank, seeks support for African Businesses

At the 24th Annual General Meeting of the African Export-Import Bank (Afrexim), held in Rwanda, Tony O. Elumelu, CON, Chairman of Heirs Holdings and the Tony Elumelu Foundation, congratulated Afrexim for the critical support that the Bank, led by President...
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Agusto upgrades Access Bank’s rating to Aa-
July 4, 2017 No Responses

Agusto upgrades Access Bank’s rating to Aa-

In its recent rating review of Access Bank Plc, foremost rating agency in Nigeria, Agusto & Co, has raised the Bank’s rating from “A+” to “Aa-”, with a stable outlook. The upgrade reflects Access Bank’s strong financial profile, resilient profi...
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Heritage Bank: Our support for Agro-business funding cuts across the entire value chain
June 29, 2017 No Responses

Heritage Bank: Our support for Agro-business funding cuts across the entire value chain

Heritage Bank Plc has reiterated its commitment to further deepen the drive to support agribusiness value chain in order to fast track food security and sufficiency in the country. The MD/CEO of the bank, Mr Ifie Sekibo, who disclosed this,...
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SEC: Investors to forfeit multiple subscription to public offers
June 29, 2017 No Responses

SEC: Investors to forfeit multiple subscription to public offers

Investors in the Nigerian Capital Market with multiple subscriptions for the same public offer may forfeit their investment. The Securities and Exchange Commission at its last Capital Market Committee meeting (CMC) has approved the report of a market wide comm...
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Citi Bank celebrates community day in Nigeria
June 27, 2017 No Responses

Citi Bank celebrates community day in Nigeria

Citi Bank celebrated its 12th annual Global Community Day recently as more than 1,600 Citi volunteers in Aba, Abuja, Kano, Lagos, Port-Harcourt and Warri engaged in service activities in their local communities.   In the days leading up to and...
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UBA emerges financial brand of the decade
June 21, 2017 No Responses

UBA emerges financial brand of the decade

Foremost financial institution, United Bank for Africa (UBA) Plc has emerged Financial Brand of the Decade.  The award ceremony, put together by Marketing Edge, is  in recognition of UBA’s innovative and pacesetting role.   Also, the award is a product...
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AfDB, UBA, Wema Bank, others to finance ABUAD projects
June 20, 2017 No Responses

AfDB, UBA, Wema Bank, others to finance ABUAD projects

African Development Bank (AfDB) in collaboration with four Nigerian Banks have signed Memorandum of Understanding (MoU) to provide Project Finance facilities to Afe Babalola University (ABUAD), Ado Ekiti,  for the execution of various projects under the Unive...
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