Category: Capital Market/Banking

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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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...
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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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