Category: Capital Market/Banking

United Capital , Societe Generale, others upport African SMEs with €77m
January 18, 2017 No Responses

United Capital , Societe Generale, others upport African SMEs with €77m

United Capital Plc has partnered with global financial and corporate institutions to set up a Franco-African Investment Fund (FFA), with investible funds of 77 million euro. The aim of the fund is to accelerate the growth of innovative and entrepreneurial...
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Heritage Bank empowers 35 entrepreneurs with N50m
January 9, 2017 No Responses

Heritage Bank empowers 35 entrepreneurs with N50m

Heritage Bank Plc has provided N50million in Grants to 35 entrepreneurs under its Young Entrepreneurs & Students Grant Scheme (YESGrant). In partnership with the Nigerian Young Professionals Forum (NYPF), the Grant according to the Bank was awarded to abou...
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Presco, Conoil, others join NSE 30 index
January 4, 2017 No Responses

Presco, Conoil, others join NSE 30 index

Presco Plc, quoted in the agricultural sector of the Nigerian Stock Exchange (NSE) has been admitted into the NSE 30 index. The development, which is based on the NSE bi-annual review, became operational, January 3, 2017. Also included in the...
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African capital market players seek more innovations, education
December 23, 2016 No Responses

African capital market players seek more innovations, education

A summary of the key themes and issues from the recent African Securities Exchanges Association (ASEA) Annual Conference held in Rwanda at the Kigali Serena Hotel. The conference, hosted by the Rwanda Stock Exchange (RSE) with the theme ‘Road to...
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Next Titan Season-3: Marshal-Idio emerges winner of Heritage Bank’s N5m star prize
December 20, 2016 No Responses

Next Titan Season-3: Marshal-Idio emerges winner of Heritage Bank’s N5m star prize

An entrepreneur with unique business idea of turning trashes into beautiful furniture, Mrs. Marvis Marshal-Idio has won the Heritage Bank’s sponsored entrepreneurial competition show, Next Titan Season 3. The star prize is N5 million from Heritage Bank, whic...
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NSE admits N6.3b Wema Fund SPV Bond
December 15, 2016 No Responses

NSE admits N6.3b Wema Fund SPV Bond

The Nigerian Stock Exchange (NSE) has announced the Listing by Introduction of N6,295,000,000 Series 1:7-Year 18.50% Fixed Rate Bond Due (2023) under the N50,000,000,000 Wema Funding SPV Plc Debt Issuance Programme.   Commenting on the listing, Oscar N. Onye...
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First Bank explains FirstStars Reality TV Show
December 14, 2016 No Responses

First Bank explains FirstStars Reality TV Show

In September 2015, First Bank of Nigeria Limited launched FirstStars,  a premier filmmaking competitive reality TV show where Nigerian youths were given the opportunity to project their creative skills in directing, producing, art directing, script writing an...
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Banks to boost Agric, SME fund with N30billion
December 12, 2016 No Responses

Banks to boost Agric, SME fund with N30billion

As part of measures to support the newly created Agriculture/Small and Medium Enterprises (SME) fund, the Bankers Committee at the weekend pledged to  contribute  N30 billion from their Profit After Tax (PAT).   Speaking at the end of the 8th...
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AfDB appoints MCB investment as fund manager for fixed income ETF in Africa
December 10, 2016 No Responses

AfDB appoints MCB investment as fund manager for fixed income ETF in Africa

The African Development Bank (AfDB) has appointed MCB Investment Management (MCBIM), a subsidiary of MCB Capital Markets, as Fund Manager for its first multi-jurisdictional Fixed Income Exchange Traded Fund (ETF) in Africa.      The Board of Directors of t...
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FirstBank, Eventful to host Fiesta of Flavours
December 8, 2016 No Responses

FirstBank, Eventful to host Fiesta of Flavours

First Bank of Nigeria Limited has reinstated its commitment to economic diversification through support for the business, art and entertainment of food across all sectors of the economy.  According to the Bank, realising that support for the agricultural valu...
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FirstMobile hits one million users, N1.3trilion transactions
December 7, 2016 No Responses

FirstMobile hits one million users, N1.3trilion transactions

FirstMobile, FirstBank’s mobile banking platform has recorded a milestone in its user numbers with the attainment of 1million active users. The mobile banking platform has also reached N1.3trillion transactions mark in its short period of launch. FirstBank l...
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FirstGem train moves to Akwa-Ibom, Benue States
December 6, 2016 No Responses

FirstGem train moves to Akwa-Ibom, Benue States

FirstGem, the FirstBank lifestyle offering for women was launched in Lagos in October 2016, to provide enabling opportunities for women to achieve their financial goals and aspirations.     With FirstGem, female customers can access support funds for their ...
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CBN faults alleged unilateral dollar allocation
December 5, 2016 No Responses

CBN faults alleged unilateral dollar allocation

The Central Bank of Nigeria (CBN) on Sunday denied reports that it allocates dollars unilaterally. CBN Director in charge of Corporate Communications, Mr. Isaac Okoroafor, explained that the CBN had set up an inter-bank foreign exchange market, where anyone wh...
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AfDB, UBA sign $150 million line of credit
December 2, 2016 No Responses

AfDB, UBA sign $150 million line of credit

The African Development Bank Group (AfDB) and United Bank for Africa Plc (UBA) on Wednesday November 30, 2016, signed a $ 150 million loan agreement to finance infrastructure and SME projects, including women-owned enterprises in Nigeria. UBA Group Managing Di...
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