Category: Capital Market/Banking

CBN approves extension of BVN registration for military
December 1, 2015 No Responses

CBN approves extension of BVN registration for military

The Central Bank of Nigeria (CBN) has  approved the extension of the Biometric Verification Number (BNV) registration for men of the armed forces to enable them access their salaries. Speaking before the Senate Committee on Appropriation’s public hearing on the...
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CBN cuts interest rate to 11%
November 25, 2015 No Responses

CBN cuts interest rate to 11%

The Monetary Policy Committee of the Central Bank of Nigeria (CBN) has  reduced the Monetary Policy Rate (benchmark interest rate) from 13 per cent to 11 per cent. Speaking at an interactive session with Journalists after  the MPC meeting explained...
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Fidelity Bank rewards more customers
November 23, 2015 No Responses

Fidelity Bank rewards more customers

FIDELITY Bank Plc’s “Save4Shelter” promotion has rewarded more customers in its second monthly draw. The bank explained that the initiative depicts its concern in meeting the basic needs of its valued customers. The reward scheme is the fifth of its...
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Olawepo-Hashim advocates single digit interest rate
November 23, 2015 No Responses

Olawepo-Hashim advocates single digit interest rate

Energy sector investor, Mr. Gbenga Olawepo-Hashim has called for the lowering of interest rate in the nation’s banking sector from its current double digit figure to a single one to enable investors access finance at reasonable lending rate towards the...
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NSE targets 25m Investors
November 19, 2015 No Responses

NSE targets 25m Investors

AS part of measures to increase retail investors’ participation in the nation’s stock market to 25 million, the Nigerian Stock Exchange (NSE) has unveiled an online trading application identified as ‘Smart Trade’. NSE Executive Director, Market...
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NSE attributes corporate failures to weak governance
November 18, 2015 No Responses

NSE attributes corporate failures to weak governance

THE Nigerian Stock Exchange (NSE) has identified weak corporate governance as the major factor responsible  for many corporate failures in Africa. Speaking at the 19th yearly ASEA conference in Johannesburg Chief Executive Officer of NSE, Oscar Onyema Onyema ...
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World Exchanges unveils financial education, literacy initiative
November 18, 2015 No Responses

World Exchanges unveils financial education, literacy initiative

THE World Federation of Exchanges (WFE) which represents public markets around the world, will start a new global industry initiative to promote financial education and entrepreneurial skills among school children and university students, following an overwhel...
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UBA unveils contactless payment cards
November 17, 2015 No Responses

UBA unveils contactless payment cards

FOREMOST financial services institution, United Bank for Africa (UBA) Plc has unveiled contactless payment cards. The contactless payment cards offer UBA customers an easier and more convenient hassle-free way to pay for goods and services. A statement issued ...
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Stanbic IBTC money market fund hits N50b
November 13, 2015 No Responses

Stanbic IBTC money market fund hits N50b

STANBIC IBTC  money market Fund has crossed  N50 billion marks in net asset Value. Managed by Stanbic IBTC Asset Management, a subsidiary of Stanbic IBTC Holdings,  a statement explained that the milestone was attained  in October 2015, which further posit...
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World Exchanges approves sustainability policies
November 9, 2015 No Responses

World Exchanges approves sustainability policies

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Court restrains FRC
November 5, 2015 No Responses

Court restrains FRC

The Federal High Court sitting in Lagos has restrained the Financial Reporting Council of Nigeria (FRCN) from interfering with the operations of Stanbic IBTC Holdings (SIBTCH), Plc. The court order came two days after the Central Bank of Nigeria (CBN)...
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CBN clears Stanbic IBTC
November 4, 2015 No Responses

CBN clears Stanbic IBTC

REQUEST by the Financial Reporting Council of Nigeria (FRCN) to  takes disciplinary action against Stanbic IBTC Holding Company Plc (SIBTCH) has been rejected by the Central Bank of Nigeria (CBN). According to CBN, FRCN did not  follow due process in...
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Fidelity Bank declares N11.4b profit in Q3
November 2, 2015 No Responses

Fidelity Bank declares N11.4b profit in Q3

For the third quarter ended September 30, 2015, Fidelity Bank Plc recorded Profit After Tax (PAT) of N11.4billion and  gross earning of N106 billion, indicating an increase of  1.8 per cent and 11.0 percent respectively. According to the bank, Gross...
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FBN Holdings unveils FBNQUEST
October 28, 2015 No Responses

FBN Holdings unveils FBNQUEST

INLINE with  to improve service delivery to clients and position the group at the forefront of the emerging merchant banking and asset management sector in Nigeria, the Investment Banking and Asset Management business of FBN Holdings Plc has announced the...
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