Category: Capital Market/Banking

Union Bank declares N13.3b pre-tax profit in Q3
October 27, 2016 No Responses

Union Bank declares N13.3b pre-tax profit in Q3

Union Bank of Nigeria (UBN) Plc has declared N13.3 Billion profit before tax for the nine months ended September 30, 2016, indicating 27 per cent growth.      According to the result, gross earnings rose by 12 per cent to N93.43...
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NSE admits The Initiatives on ASEM board
October 26, 2016 No Responses

NSE admits The Initiatives on ASEM board

Efforts by The Nigerian Stock Exchange (NSE) to encourage indigenous firms to list their shares on its market has been bolstered with the listing of 889,981,552 ordinary shares of The Initiatives Plc ( TIP) at  50 kobo each.   Priced at...
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FirstBank wins Global Finance Digital Bank of Distinction award
October 26, 2016 No Responses

FirstBank wins Global Finance Digital Bank of Distinction award

First Bank of Nigeria Limited has won the Global Finance Digital Bank of Distinction award, 2016.    This new award recognizes outstanding accomplishments in digital banking made by middle-market and local banks. It honours banks that may be outspent by...
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Zenith Bank records N380b gross earnings in Q3
October 25, 2016 No Responses

Zenith Bank records N380b gross earnings in Q3

Despite ongoing economic challenges, Zenith Bank Plc recorded N380 Billion gross earnings for Third Quarter ended September 30, 2016, up by 13 per cent when compared to same period in 2015.   Also the group’s Profit After Tax (PAT) increased...
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FCMB explains late filling of Q3 accounts
October 25, 2016 No Responses

FCMB explains late filling of Q3 accounts

 The First City Monument Bank (FCMB) Group Plc is to release its nine months ended 30 September 2016 (3Q16) accounts before the end of November, this year.   In a notice to the Nigerian Stock Exchange (NSE), the Bank said:...
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UBA Wins Finacle Client Innovation Awards
October 25, 2016 No Responses

UBA Wins Finacle Client Innovation Awards

United Bank for Africa has continued to receive accolades and global recognition for its commitment to the use of cutting-edge technology to provide simple and convenient banking solutions and services to its customers.   The pan African banking Group was ...
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NSE gets most innovative Stock Exchange in Africa
October 25, 2016 No Responses

NSE gets most innovative Stock Exchange in Africa

The Nigerian Stock Exchange (NSE) has emerged the Most Innovative Stock Exchange in Africa 2016.   This award was   presented to NSE by The Business Year Magazine.   The Business Year Magazine Awards according to a statement issued by NSE...
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Wema Bank declares N37.89b gross earnings in Q3
October 24, 2016 No Responses

Wema Bank declares N37.89b gross earnings in Q3

For the third quarter ended September 30, 2016, Wema Bank Plc has declared N37.8Billion gross earnings, indicating 16.36 per cent growth over N32.57Billion recorded same period in 2015.   According to the Bank, the nine-month figure was driven by a...
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Collaboration with London Stock Exchange deliberate, strategic, says Onyema as Adeosun opens trading
October 22, 2016 No Responses

Collaboration with London Stock Exchange deliberate, strategic, says Onyema as Adeosun opens trading

The Chief Executive Officer of Nigerian Stock Exchange (NSE), Oscar Onyema has described collaboration with London Stock Exchange (LSE) as deliberate and strategic.    Speaking at the third anniversary of London & Lagos Capital Markets partnership confer...
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FBN Capital to host Govt, Business leaders at annual conference
October 22, 2016 No Responses

FBN Capital to host Govt, Business leaders at annual conference

In line with its  commitment to provide a platform that will facilitate interaction for identifying sustainable growth opportunities in Nigeria, FBN Capital Limited, the Investment Banking and Asset Management subsidiary of FBN Holdings Plc. will host its Ann...
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UBA, MEC, unveil revolutionary Omni-Channel Payment System, EmailMoni
October 21, 2016 No Responses

UBA, MEC, unveil revolutionary Omni-Channel Payment System, EmailMoni

MEC  Incorporated has entered into agreements with United Bank for Africa (UBA) Plc to provide a revolutionary email-based billing, payment and banking software system called “EmailMoni.” EmailMoni, according to UBA  represents the world’s...
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Fidelity Bank empowers 500 unemployed youths in Kebbi State
October 18, 2016 No Responses

Fidelity Bank empowers 500 unemployed youths in Kebbi State

Fidelity Bank Plc in strategic partnership with Gazelle Academy and Waziri Umaru Federal Polytechnic, Birnin Kebbi has empowered 500 Nigerians with entrepreneurial skills.  The programme, which is part of the Bank’s Corporate Social Responsibility (CSR) ini...
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‘FirstBank now sole Foreign Exchange Dealer to BDCs’
October 14, 2016 No Responses

‘FirstBank now sole Foreign Exchange Dealer to BDCs’

The Central Bank of Nigeria (CBN) has announced FirstBank the sole authorized dealer for foreign exchange proceeds to licenced Bureau de Change (BDC) operators in Nigeria.   According to First Bank, the announcement is coming on the heels of the...
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WFE explains growing liquidity in emerging market exchanges
October 14, 2016 No Responses

WFE explains growing liquidity in emerging market exchanges

The World Federation of Exchanges (“WFE”), on Thursday  published a report into growing liquidity in emerging market exchanges, in collaboration with global management consulting firm Oliver Wyman. The report, entitled Enhancing Liquidity in Emerging Mark...
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