Category: Capital Market/Banking

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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Wema Bank, Etisalat Nigeria seal partnership on Tier-1 savings account
December 2, 2016 No Responses

Wema Bank, Etisalat Nigeria seal partnership on Tier-1 savings account

Wema Bank Plc, one of Nigeria’s foremost financial institutions, and Etisalat Nigeria have partnered to introduce WemaEasySavers, a Tier-1 savings account aimed at ensuring financial inclusion for more Nigerians, especially the youth. The newly launched Wema...
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ASEA re-elects Onyema, NSE CEO as President
November 30, 2016 No Responses

ASEA re-elects Onyema, NSE CEO as President

The African Securities Exchanges Association (ASEA) held its 20th Annual General Meeting (AGM) on Sunday 27, November where the election of officers took place. At the meeting, Mr. Oscar N. Onyema, OON Chief Executive Officer (CEO) of the Nigerian Stock...
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MAN seeks reduction in interest rate
November 29, 2016 No Responses

MAN seeks reduction in interest rate

Manufacturers Association of Nigeria (MAN) on Monday appealed to the Central Bank of Nigeria to reduce interest rates as part of measures to lift various sectors. According to MAN, retaining the Monetary Policy Rate (MPR) at 14 per cent by...
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World Federation of Exchanges explain Commission’s crisis management proposal
November 29, 2016 No Responses

World Federation of Exchanges explain Commission’s crisis management proposal

The World Federation of Exchanges (WFE) on Monday notes the European Commission’s proposal for regulation regarding the recovery and resolution of CCPs, and welcomes the importance placed on consistency with international standards. According to WFE, the pro...
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Demutualisation of share certificate attains 98.9 per cent success, says Gwarzo, SEC DG
November 28, 2016 No Responses

Demutualisation of share certificate attains 98.9 per cent success, says Gwarzo, SEC DG

The demutualisation of share certificates in Nigerian capital market has attained 98.9 per cent success, Director General, Securities and Exchange Commission (SEC), Mounir Gwarzo has said. Briefing Journalists on the outcome of the just concluded Capital Marke...
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Heritage Bank unveils ‘Happy Days’ promo
November 28, 2016 No Responses

Heritage Bank unveils ‘Happy Days’ promo

Heritage Bank Plc is set to introduce a promo tagged, ‘Happy Days Promo’ to empower and reward its loyal customers. The promo which is additionally designed to encourage savings at this period of tight economic situation will see the emergence...
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FirstBank promotes giving back with #GivingTuesday
November 26, 2016 No Responses

FirstBank promotes giving back with #GivingTuesday

Employees of First Bank of Nigeria Limited have volunteered to provide relief materials and donations to persons in need as part of its Employee Giving and Volunteering Scheme. This is as hundreds of companies around the world are involved with...
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