Category: Capital Market/Banking

2016: Zenith Bank declares N129.65b profit, reward shareholders with N1.77 dividend
February 28, 2017 No Responses

2016: Zenith Bank declares N129.65b profit, reward shareholders with N1.77 dividend

For the year ended December 31, 2016, Zenith International Bank Plc has declared a profit after tax of N129.65 billion and a final dividend of N1.77 per share  This is contained in the company’s audited report released by the Nigerian...
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CBN re-introduces charges on cash deposits, withdrawals
February 24, 2017 No Responses

CBN re-introduces charges on cash deposits, withdrawals

About three years after the policy was suspended, the  Central Bank of Nigeria (CBN) on Thursday announced the re-introduction of bank charges on certain categories of cash deposits and withdrawals.      In a circular to all Deposit Money Banks posted on...
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WFE unveils report on SME financing, equity markets
February 23, 2017 No Responses

WFE unveils report on SME financing, equity markets

The World Federation of Exchanges (WFE) on Wednesday  published a report into exchanged-based financing of Small and Medium Enterprises (SMEs), aimed at identifying globally-consistent barriers and opportunities for enhancing SME access to equity finance. As ...
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CBN announces new foreign exchange policy
February 21, 2017 No Responses

CBN announces new foreign exchange policy

The Central Bank of Nigeria (CBN) has unveiled a new foreign exchange policy with immediate effect. According to the CBN, in order to ease the difficulties encountered by Nigerians in obtaining funds for foreign exchange transactions, it would henceforth be...
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FG, UBA restate commitment to development of creative industry
February 2, 2017 No Responses

FG, UBA restate commitment to development of creative industry

REDTV, an online lifestyle channel that puts the spotlight on Africa with a distinct global appeal, in conjunction with The Naked Convos has premiered a new web-series titled, ‘Our Best Friend’s wedding’.  REDTV is supported by the United Bank for...
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FirstBank gets global brands awards
February 1, 2017 No Responses

FirstBank gets global brands awards

First Bank of Nigeria limited has won the “Best Banking Brand, Nigeria 2016”& “Best Banking Performer, Nigeria 2016” in the Global Brands Awards. The awards are instituted to identify and recognise the significance of exceptional service delivery a...
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UBA unveils 15 campus Ambassadors
January 31, 2017 No Responses

UBA unveils 15 campus Ambassadors

The United Bank for Africa (UBA) Plc has launched the maiden edition of its Campus Ambassador Programme with the induction of the first 15 brand ambassadors. The UBA Campus Ambassador Programme is an initiative to identify young emerging leaders among...
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Investor gets N1.5m for ‘Illegal sale’ of GTBank shares
January 30, 2017 No Responses

Investor gets N1.5m for ‘Illegal sale’ of GTBank shares

An investor, Rev. Fr. Samuel Ukeje Ikechukwu has commended the Securities and Exchange Commission (SEC) for facilitating payment of N1.5million for his Guranty Trust Bank shares sold without his consent. According to Ukeje who is resident in Italy, he bought.....
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Access Bank appoints Jobome as Executive Director, Risk Management Division
January 19, 2017 No Responses

Access Bank appoints Jobome as Executive Director, Risk Management Division

Access Bank has announced the appointment of Dr. Gregory Ovie Jobome, as Executive Director, Risk Management Division. A statement issued by Access Bank Head, Media Relations, Abdul Imoyo explained that  Dr. Jobome is a “thorough bred banking professional w...
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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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