Category: Capital Market/Banking

Ecobank faults closure of branches by Anambra State Internal Revenue Board
June 2, 2017 No Responses

Ecobank faults closure of branches by Anambra State Internal Revenue Board

Branches of Ecobank Nigeria Limited in Anambra State were on Thursday June 1, 2017 sealed on the authority of the Anambra State Board of Internal Revenue.   The Bank in a statement explained that the closure was  based on a...
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CBN enhances Naira with $482.6m
May 31, 2017 No Responses

CBN enhances Naira with $482.6m

 As part of ongoing efforts, the Central Bank of Nigeria (CBN) on Tuesday intervened in the inter-bank market to the tune of $482.6 million.   A statement issued by its Acting Director, Corporate Communications, Isaac Okorafor, in Abuja explained that...
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UBA celebrates Africa Day with Glitz, Glamour
May 31, 2017 No Responses

UBA celebrates Africa Day with Glitz, Glamour

The United Bank for Africa (UBA) Plc, on Thursday, joined the world to celebrate the 2017 Africa Day across the 19 African countries of operations with the theme: ‘Africa, the new Frontier.’ According to the Bank, Africa Day is dedicated to celebr...
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Heritage Bank explains financial literacy training for children
May 30, 2017 No Responses

Heritage Bank explains financial literacy training for children

 In a bid to expose the citizenry to financial literacy at a very early age in life, Heritage Bank Plc, has exposed children between the age bracket of five and seven years to banking services. The programme, which is part...
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UBA introduces world class mobile banking app
May 26, 2017 No Responses

UBA introduces world class mobile banking app

In demonstration of its commitment to deliver superior and innovative banking solutions to its customers, pan African financial institution, United Bank for Africa Plc, has announced the launch of a brand new mobile banking application with many user friendly...
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Access Bank introduces ‘Family Savings Scheme’ to boost savings
May 26, 2017 No Responses

Access Bank introduces ‘Family Savings Scheme’ to boost savings

Access Bank Plc has unveiled a new savings scheme tagged ‘Family Savings Scheme’ initiated to give its customers a boost in their savings. The exercise is in line with the Bank’s commitment to promoting savings culture among the populace. The...
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CBN retains interest rate at 14 %, injects $186.5m for invisible, SMEs
May 24, 2017 No Responses

CBN retains interest rate at 14 %, injects $186.5m for invisible, SMEs

THE Central Bank of Nigeria (CBN) on Tuesday kept its Monetary Policy Rate (MPR), its base interest rate, at 14 per cent. Speaking at an interactive session with Journalists after the Monetary Policy Committee (MPC) meeting in Abuja, CBN Governor,...
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FBN Capital Asset Management Business appoints Onyia as MD/CEO
May 24, 2017 No Responses

FBN Capital Asset Management Business appoints Onyia as MD/CEO

Mr. Ike Onyia has been appointed Managing Director/CEO of FBN Capital Asset Management, a part of FBN Holdings Plc’s Merchant Banking & Asset Management Group.  A statement explained that Mr. Onyia joined  the firm with over 20 years’ experience in.....
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Heritage Bank partners RIMAN on best practice in risk management
May 23, 2017 No Responses

Heritage Bank partners RIMAN on best practice in risk management

Heritage Bank Plc has entered into strategic partnership with Risk Management Association of Nigeria (RIMAN) to promote global best practices in the implementation of risk management for safer and stronger financial institution. President of RIMAN, Mr Jude Mon...
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S&P assigns B/B ratings, stable outlook on uba
May 22, 2017 No Responses

S&P assigns B/B ratings, stable outlook on uba

International Rating Agency, Standard and Poor’s (S&P) has assigned  its ‘B’ long term and ‘B’ short term global scale counterparty credit ratings to the United Bank for Africa Plc (UBA).      These ratings on the pan African financial instit...
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Forex: CBN releases list of 36 items
May 18, 2017 No Responses

Forex: CBN releases list of 36 items

The Central Bank of Nigeria (CBN) on Thursday released list of 36 items valid for access to foreign exchange in the foreign exchange market.   In a circular to all banks and the general public, CBN explained that the list of...
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Heritage Bank, Triton Aqua targets 15,000 tonnes capacity with N2b facility
May 10, 2017 No Responses

Heritage Bank, Triton Aqua targets 15,000 tonnes capacity with N2b facility

The N2billion long-term facility Heritage Bank Plc and Central Bank of Nigeria gave to Triton Aqua Africa Limited (TAAL), under the Commercial Agriculture Credit Scheme (CACS), has continued to boost job creation.   The Managing Director of Heritage Bank Plc...
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Ecobank receives Asian Banker’s Awards
May 10, 2017 No Responses

Ecobank receives Asian Banker’s Awards

Ecobank Nigeria and Ecobank Transnational Incorporated (ETI) microfinance banking subsidiary in Ghana, Pan-African Savings & Loans, have received remittance product of the year and the best microfinance product in Africa for 2017 awards respectively at The...
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CBN injects $81.2m for BTA, SMEs, others
May 9, 2017 No Responses

CBN injects $81.2m for BTA, SMEs, others

As a follow up to last Friday’s injection of $389 million into the retail segment of the Foreign Exchange Market (FOREX),  the Central Bank of Nigeria (CBN) on Monday,  intervened with the sum of $81.2 million in the invisibles and...
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