Category: Capital Market/Banking

Fitch affirms UBA’s viability rating as Agusto upgrades rating to “Aa”
July 15, 2016 No Responses

Fitch affirms UBA’s viability rating as Agusto upgrades rating to “Aa”

*Stock now best performing on the exchange. Foremost global rating agency, Fitch International has affirmed United Bank for Africa (UBA) Plc’s viability rating at “B”.  Meanwhile, the pan-African banking group has continued to sustain its benchmark asset quality and strong...
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FirstBank targets 10million new customers in three years
July 14, 2016 No Responses

FirstBank targets 10million new customers in three years

AS part of its financial inclusion initiative, First Bank of Nigeria Limited has unveiled plan to grow its customer base by over 10 million new customers in the next three years.   Managing Director and Chief Executive Officer of First...
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FBN Capital partners Oxford Business Group on research
July 13, 2016 No Responses

FBN Capital partners Oxford Business Group on research

By Moses Ebosele –  FBN Capital has signed a research Memoradum of Understanding (MoU) with Oxford Business Group (OBG). Under the aggrement, a report by OBG will examine the Central Bank of Nigeria’s monetary policy, review the country’s recently-r...
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Diamond Bank unveils Mobile POS
July 13, 2016 No Responses

Diamond Bank unveils Mobile POS

By Moshood Aliyu –  To increase safety and reliability in payment, Diamond Bank Plc in collaboration with Microsoft has introduced   Diamond Mobile POS (MPOS). Speaking on the partnership between Diamond and Microsoft on Tuesday in Lagos, Diamond Bank...
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July 13, 2016 No Responses

ASEA partners AfDB on capital market development

By Moses Ebosele –  The African Securities Exchanges Association (ASEA) and African Development Bank (AfDB) have signed a Memoradum of Understanding (MoU) aimed at developing capital markets within the continent. Prominent among those who attended the c...
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NSE unveils sustainability report, adopts GRI reporting guidelines
July 12, 2016 No Responses

NSE unveils sustainability report, adopts GRI reporting guidelines

By Moses Ebosele   The Nigerian Stock Exchange (NSE) has released its 2015 Sustainability Report titled “Ushering in a new era of sustainability in the Nigerian market place”.  The report, which is in its second edition, according to NSE  demonstrates.....
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NSE’s 123 equities remain unchanged as two trading sessions record 377.798 million shares
July 11, 2016 No Responses

NSE’s 123 equities remain unchanged as two trading sessions record 377.798 million shares

By Moses Ebosele One hundrend and twenty three equities remain unchanged last week as the Nigeria Stock Exchange (NSE) opened for two trading sessions.   The stock market opened for two trading sessions as the Federal Government declaredTuesday 5th, Wednesda...
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Again, First Bank is Winner of Best Retail Bank in Nigeria
July 9, 2016 No Responses

Again, First Bank is Winner of Best Retail Bank in Nigeria

FOR the fifth time, First Bank of Nigeria Limited, has won “The Best Retail Bank in Nigeria Award”.  At the 2016 Asian Banker Retail Services West African Awards held recently in Lagos, the foremst financial institution also won the “Mobile...
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Skye Bank to appear before stock exchange today
July 8, 2016 No Responses

Skye Bank to appear before stock exchange today

The new management of Skye Bank plc will today brief the Nigerian Stock Exchange (NSE) on the recent development at the Bank. The meeting scheduled to hold at 12:00noon is expected to dwell extensively on the remote and immediate factors...
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No bank is in distress, says CBN
July 7, 2016 No Responses

No bank is in distress, says CBN

The  Central Bank of Nigeria (CBN) has dismissed allegations in some quarters that certain banks in the country are in distress.    In a statement, the apex bank described the allegation as unfounded, “malicious rumors and unfounded speculations,” addin...
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Skye Bank new MD pledges to harness employees’ expertise
July 7, 2016 No Responses

Skye Bank new MD pledges to harness employees’ expertise

The new Group Managing Director/Chief Executive Officer of Skye Bank Plc, Mr. Tokunbo Abiru, has pledged the commitment of the new management to harness expertise of employees and the reconstituted board as part of measures to take Skye Bank to...
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Shareholders divided over compulsory resignation of Skye Bank Board, Management
July 6, 2016 No Responses

Shareholders divided over compulsory resignation of Skye Bank Board, Management

Controversy has continued to trail the compulsory retirement of the Board and Management of Skye Bank Plc by the Central Bank of Nigeria (CBN).    A cross section of the Bank shreholders who spoke with City BusinessNews expressed divergent views on...
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CBN removes Skye Bank Board, Management
July 5, 2016 No Responses

CBN removes Skye Bank Board, Management

THE Central Bank of Nigeria (CBN) has replaced the Board and management of Skye Bank Plc.  Addressing Journalists in Lagos, CBN Governor, Mr Godwin Emefiele said the Bank failed failed to meet the regulator’s minimum key liquidity and capital adequacy...
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CBN cautions against weak corporate governance practices
December 2, 2015 No Responses

CBN cautions against weak corporate governance practices

The  Central Bank of Nigeria (CBN) has reiterated its commitment to ensure  zero-tolerance to  weak corporate governance practices in the country. According to the CBN Deputy Governor in charge of Financial System Stability,  Dr.Okwu Joseph Nnanna, who spo...
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