Category: Capital Market/Banking

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, Ifie...
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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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Ecobank targets 40m customers in five years, retains 405 branches in Nigeria
May 9, 2017 No Responses

Ecobank targets 40m customers in five years, retains 405 branches in Nigeria

Ecobank Nigeria limited on Monday restated that it has invested in state of the art mobile application that is fast, accessible and gives better transaction incentive to the users, thereby making their banking activities simpler, accessible and cheaper and at....
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UBA revolutionises mobile payments with *919# magic banking
May 5, 2017 No Responses

UBA revolutionises mobile payments with *919# magic banking

 In line with its determination to dominate Africa’s mobile banking space with the introduction of cutting edge technology-driven products and services, United Bank for Africa (UBA) Group, leading African financial institution, has introduced a full-fledg...
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Ecobank to sack more workers
May 4, 2017 No Responses

Ecobank to sack more workers

Inline with plans to close some branches, Eco Bank has resolved  to sack more of its workers.   Under the arrangement, Eco Bank is to step up its digital platforms as part of measures to cut cost and ensure efficiency....
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CBN sanctions First Bank, GTB, others over alleged forex infractions
May 3, 2017 No Responses

CBN sanctions First Bank, GTB, others over alleged forex infractions

The Central Bank of Nigeria (CBN) on Tuesday barred 15 commercial banks from dealing in foreign exchange through the recently created Small and Medium Enterprises (SMEs) wholesale forex window.  According to the CBN, the decision which is with immediate effec...
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UBA posts N22.4b profit in first quarter
April 29, 2017 No Responses

UBA posts N22.4b profit in first quarter

For the first quarter ended March 2017, United Bank for Africa Group (UBA) recorded Profit After Tax of N22.4billion, indicating 32 percent year-on-year growth compared to N17.0 billion achieved in the corresponding period of 2016.   The group also sustained...
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Ecobank merges 74 branches, explores digital strategy
April 28, 2017 No Responses

Ecobank merges 74 branches, explores digital strategy

Ecobank Nigeria Limited has reaffirmed its digital transformation agenda enabling its customers depend more on its digital platforms to do their daily banking activities, thereby reducing the need to go to branches. By this development the bank will have enhan...
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NSE, London Stock Exchange renew capital market agreement
April 28, 2017 No Responses

NSE, London Stock Exchange renew capital market agreement

The Nigerian Stock Exchange (NSE) and London Stock Exchange Group (LSEG) on Thursday in Lagos announced the renewal of their strategic capital markets partnership agreement at the Nigerian Stock Exchange (NSE).    Under the arrangement, the renewal extends t...
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Access Bank declares N26b profit, total assets of ₦3.54tri in first quarter
April 28, 2017 No Responses

Access Bank declares N26b profit, total assets of ₦3.54tri in first quarter

Access Bank Plc on Thursday reported unaudited financial results for the first quarter (Q1) ended March 31, 2017, indicating an increase of 38% in Profit before Tax, “which rose to N31.2 billion when compared to ₦22.6 billion in Q1 2016....
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UBA powers music, business masterclass facilitated by Berklee College of music
April 26, 2017 No Responses

UBA powers music, business masterclass facilitated by Berklee College of music

The countdown has begun to the most anticipated and insightful learning experience at the Runway Jazz 2017 Music and Business Masterclass, taking place on April 29, 2017 in the Grand Ballroom of Eko Hotels & Suites, Lagos, Nigeria.  The Masterclass is a...
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Heritage Bank partners Workforce group to promote impactful leadership
April 10, 2017 No Responses

Heritage Bank partners Workforce group to promote impactful leadership

In a bid to enhance impactful leadership that will contribute to the financial performance of an organization, Heritage Bank Plc has partnered Workforce group. Speaking at a Learning & Development Leaders Conference organised by Workforce group in Lagos, M...
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Wema Bank reopens Kaduna branch
April 5, 2017 No Responses

Wema Bank reopens Kaduna branch

Wema Bank Plc has reopened its Kaduna branch to provide banking services to individuals and firms with good growth opportunities. According to the Bank, the new branch will offer retail and SME banking, corporate banking, treasury, trade services and financial...
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