Capital Market/Banking Archives — Page 162 of 168

August 14, 2016 No Responses

First Bank seeks clarification on alleged N11.2B fraud

First Bank of Nigeria on Saturday denied any involvement in the alleged N11.2 Billion fraud at Nigerian Ports Authority (NPA). An online medium, PREMIUM TIMES had on Saturday reported that the newmanagement of the Nigerian Ports Authority has uncovered...

August 12, 2016 No Responses

Diamond Bank explains online loan application platform

By Moshood Aliyu – Diamond Bank has raised the bar in Nigeria’s financial services sub-sector with the introduction of an online loan application platform that allows customers to request for a loan, monitor and receive automatic feedback on the...

August 12, 2016 No Responses

Zenith Bank posts 15.68 % drop in profit

For the half year ended June 30, 2016, Zenith Bank Plc reported Profit After Tax (PAT) of N44.8 Billion, down by 15.68 per cent when compared with N53.1 Billion recorded within same period in 2015. Details of the result...

August 11, 2016 No Responses

SEC to stop dividend warrant in 2017

By Moses Ebosele – AS part of measures to encourage investors in the Nigerian capital market to embrace e-dividend, the Securities and Exchange Commission (SEC) has concluded plans to abolish dividend warrant in June 2017. Briefing Journalists i...

August 10, 2016 No Responses

‘Don’t sell more than $30,000 per week to BDC’

The Central Bank of Nigeria (CBN) on Tuesday directed Bureau De Change (BDCs) operators not to sell foreign exchange above two per cent margin of the buying rate. This is contained in a statement in Lagos signed by W.D Gotring,...

August 9, 2016 No Responses

Nigeria to raise $1B Eurobond

The Federal Government has concluded plan to raise $1 Billion from International Capital Market in 2016. According to the Debt Management Office, the $1billion sale is the first tranche of a $4.5 billion Nigeria Global Medium-Term Notes Issuance Programme.....

August 9, 2016 No Responses

AfDB approves $9m equity investment for SME’s in Nigeria

(NAN) The African Development Bank has approved a nine million dollar equity investment in the Fund for Agricultural Finance in Nigeria (FAFIN) to provide expansion capital to agricultural small and medium-sized enterprises (SMEs). This was contained in a pres...

August 5, 2016 No Responses

Interswitch honours FirstBank for Sustaining 100 Million Monthly Transactions

By Moses Ebosele – Interswitch Group has honoured First Bank of Nigeria Limited as the first financial institution in the country to achieve sustained transaction volumes of 100 million transactions. The development was first recorded in December 2...

August 4, 2016 No Responses

First Bank reiterates support for customers

By Moses Ebosele – First Bank of Nigeria Limited has reiterated its resolve to strengthen its commitment to provide best financial solutions for customers. The Bank in a statement on Wednesday said it has through the years demonstrated an...

August 4, 2016 No Responses

Shareholders laud CBN policy on cheque deposit into savings account

By Moses Ebosele – Shareholder activist and Co-Founder of Nigeria Shareholders Solidarity Association (NSSA), Alhaji Gbadebo Olatokunbo, has commended recent Central Bank of Nigeria (CBN) directive approving payment of cheques into savings accou...

August 4, 2016 No Responses

Stanbic IBTC Bank expands SME capacity building initiative

Following the enthusiastic participation by operators since the initiative was launched two years ago, Stanbic IBTC Bank, a member of Stanbic IBTC Holdings Plc, has expanded the scope of its capacity building workshop for Small and Medium Scale Enterprises (SM...