Category: Capital Market/Banking

FG task banks on fight against corruption, terrorism
September 7, 2016 No Responses

FG task banks on fight against corruption, terrorism

The Federal Governmet has challenged financial services sector in Nigeria to support ongoing efforts to tackle corruption, terrorism and money laundering in Nigeria.   Speaking at the 10th Annual Banking and Finance Conference in Abuja, President Muhammadu Buhari said Battle...
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First Bank appoints Alebiosu as Chief Risk Officer
September 6, 2016 No Responses

First Bank appoints Alebiosu as Chief Risk Officer

First Bank of Nigeria Limited has announced the appointment of Mr. Olusegun Alebiosu as its new Chief Risk Officer (CRO).   Prior to this appointment, Olusegun was the Chief Risk Officer of Coronation Merchant Bank.  Mr. Alebiosu’s appointment, which is...
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Wema Bank reopens Minna Branch
September 6, 2016 No Responses

Wema Bank reopens Minna Branch

Wema Bank Plc has continued its expansion plan with the reopening of its branch in Minna, Niger State.   Located at  35 Bosso Road, Minna, this  comes barely a year after the bank obtained a national banking licence from the...
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WFE reiterates partnership with IOSCO, G20 nations
September 6, 2016 No Responses

WFE reiterates partnership with IOSCO, G20 nations

The World Federation of Exchanges (WFE) has called for common approach to issues among International Organisation of Securities Commission (IOSCO) and G20 nations.   Reacting to the European Securities and Markets Authority’s (ESMA) Discussion Paper on Dist...
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‘Foreigners can now invest in T-Bills, others’
September 4, 2016 No Responses

‘Foreigners can now invest in T-Bills, others’

The Central Bank of Nigeria (CBN) has unveiled new guidelines  which empowers foreigners to invest in short-term debts and securities.    Under the arrangement, foreigners can now invest  in Treasury Bills (T-Bills), Federal Government Bonds, certificates ...
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Airtel, Nestle CEOs list modalities for improved GDP
September 1, 2016 No Responses

Airtel, Nestle CEOs list modalities for improved GDP

The critical role of private sector in the development of Nigeria’s economy took the centre stage on Wednesday at the second edition of Nigerian Stock Exchange (NSE) Chief Executive Officers (CEOs) roundtable discussions in Lagos.   Some Chief Executive Off...
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CBN ​lifts forex ban on eight banks
September 1, 2016 No Responses

CBN ​lifts forex ban on eight banks

The Central Bank of Nigeria (CBN) has re-instated  eight banks banned  from operating in the country’s foreign exchange market.    The re-instated Banks are First Bank of Nigeria (FBN), First City Monument Bank Plc, Diamond Bank Plc, Sterling Bank Plc,.....
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CBN approves 11 international money transfer operators
August 31, 2016 No Responses

CBN approves 11 international money transfer operators

The Central bank of Nigeria (CBN) has licensed 11 new international money transfer operators (IMTOs) to do business in the country’s foreign exchange market. A statement issued by CBN  spokesperson Isaac Okorafor, explained that the licensing was in further...
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WestBlue adopts GTBank’s multiple channels for fees collection
August 31, 2016 No Responses

WestBlue adopts GTBank’s multiple channels for fees collection

The IT Consulting and Technology firm contracted by the Government of Ghana to implement the National Single Window Platform, WestBlue Consulting, has adopted Guaranty Trust Bank’s safe, strong and robust payments and collections channels.   A statement iss...
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NSE tasks dealing clerks on professionalism, integrity
August 30, 2016 No Responses

NSE tasks dealing clerks on professionalism, integrity

The Nigerian Stock Exchange (NSE) has challenged recently qualified dealing clerks to maintain internal values of Professionalism, Integrity, Transparency and Reliability.   Speaking at the induction ceremony on Monday, the Chief Executive Officer of NSE, Mr ...
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LCCI faults suspension of Banks from forex transactions
August 29, 2016 No Responses

LCCI faults suspension of Banks from forex transactions

The Lagos Chamber of Commerce and Industry (LCCI) on Sunday described the suspension of nine Banks from foreign exchange (forex) transactions as counter productive.   LCCI Director General, Muda Yusuf said: “These are shocks that the economy can ill afford....
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Moody’s, Augusto rate Heritage Bank high on strong capitalisation, asset quality
August 29, 2016 No Responses

Moody’s, Augusto rate Heritage Bank high on strong capitalisation, asset quality

Two foremost rating agencies, Moody’s and Augusto & Co. recently affirmed that Heritage Bank’s capitalization remains sound in relation to its low asset risk model and has capacity to generate income from its core business and settle its obligation...
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FirstBank partners NBCC on MSME development
August 28, 2016 No Responses

FirstBank partners NBCC on MSME development

First Bank of Nigeria Limited is to partner the Nigerian-British Chamber of Commerce (NBCC) to jointly host a Micro, Small & Medium Size Enterprises (MSME) workshop with the theme: “Fundamentals of Building a Sustainable Business”.  According to First...
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Skye Bank, Fidelity, FBN, others sustain sliding profile
August 26, 2016 No Responses

Skye Bank, Fidelity, FBN, others sustain sliding profile

For the second day, investors on the floor of the Nigerian Stock Exchange (NSE) have continued to dump the shares of Banks suspended from participating in Foreign Exchange (Forex) transactions by the Central Bank of Nigeria (CBN).   The restriction...
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