Category: Capital Market/Banking

Omatek tasks banks, others on adoption of solar technology in Nigeria
August 5, 2015 No Responses

Omatek tasks banks, others on adoption of solar technology in Nigeria

AN indigenous Information Technology (ICT) firm has, Omatek has stressed the need to fully explore solar technology in Nigeria. The management of the firm also advised industries including banks, telecommunications, medics, schools, manufacturing companies and other private firms to maximise...
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ECOWAS Bank renews president tenure
August 1, 2015 No Responses

ECOWAS Bank renews president tenure

The Board of Governors of the Economic Community of West Africa (ECOWAS) Bank for Investment and Development (EBID) which comprises Finance Ministers from the 15-Member States of ECOWAS has  renewed the tenure of the President of the Bank, Mr. Bashir...
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SEC pledges to tackle unclaimed dividend with e-payment platform
July 31, 2015 No Responses

SEC pledges to tackle unclaimed dividend with e-payment platform

THE Securities and Exchange Commission (SEC) has unveiled e-dividend payment platform. Director-General of SEC, Mounir Gwarzo, explained that the platform was initiated in collaboration with the Central Bank of Nigeria (CBN) and the Nigeria Inter-Bank Settleme...
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FBN Money Market Fund retains ‘Aa (f)’ rating
July 28, 2015 No Responses

FBN Money Market Fund retains ‘Aa (f)’ rating

The FBN Money Market Fund managed by FBN Capital Asset Management has retained its Agusto & Co fund risk rating of ‘Aa(f)’. A statement issued by FBN Capital Limited explained that the rating are considered to have minimal  low risk...
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AMCON threatens to publish list of loan defaulters
July 28, 2015 No Responses

AMCON threatens to publish list of loan defaulters

The Asset Management Corporation of Nigeria (AMCON) has advised loan defaulters to immediately pay up their debts or it would publish their names in line with a directive by the Central Bank of Nigeria (CBN). In a statement, AMCON warned...
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Shareholders fault LCCI on Bank debtors, tackles GTBank board
July 27, 2015 No Responses

Shareholders fault LCCI on Bank debtors, tackles GTBank board

AS controversy continues to trail the Central Bank of Nigeria (CBN) directives to banks to publish names of all debtors on or before August 1, 3015, members of Proactive Shareholders Association of Nigeria (PROSAN) have thrown their weight behind the...
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Diamond Bank revenue hits N103b in six months
July 27, 2015 No Responses

Diamond Bank revenue hits N103b in six months

The revenue of Diamond Bank Plc for the first six months of this year increased by six per cent to N103billion from N96.8billion recorded during the corresponding period in 2014. The bank’s unaudited half-year result released to the Nigerian Stock...
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Why Innoson sued GTBank for N30 billion
July 22, 2015 No Responses

Why Innoson sued GTBank for N30 billion

What would make a company sue another for N30 billion? That was the question on the lips of many when the news recently broke that four companies under the Innoson Group, including Nigeria’s first indigenous automobile manufacturing company (Innoson Vehicle....
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FirstBank partners Digital Africa Global on exhibition
July 22, 2015 No Responses

FirstBank partners Digital Africa Global on exhibition

FIRST Bank of Nigeria Limited partnered Digital Africa Global Consult Limited to host the 3rd Digital Africa Conference & Exhibition. The event, which commenced yesterday and scheduled to end tomorrow, is titled: “Expanding Africa’s Capacity for Digita...
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Shareholders fault LCCI on Bank debtors, tackles GTBank board
July 22, 2015 No Responses

Shareholders fault LCCI on Bank debtors, tackles GTBank board

AS controversy continues to trail the Central Bank of Nigeria (CBN) directives to banks to publish names of all debtors on or before August 1, 3015, members of Proactive Shareholders Association of Nigeria (PROSAN) have thrown their weight behind the...
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