Category: Capital Market/Banking

Fidelity to list N30b on FMDQ platform
October 19, 2015 No Responses

Fidelity to list N30b on FMDQ platform

AS part of measures to boost Small and Meduim Enterprises (SMEs) financing and enhance domestic debt market, Fidelity Bank Plc has listed N30bn bond on FMDQ OTC. This follows the listing the Nigeria Mortgage Refinance Company Plc (NMRC) ₦8b series 1, 15-Year...
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Shareholders laud UBA’s Q3 results
October 19, 2015 No Responses

Shareholders laud UBA’s Q3 results

CITING what they described as ‘favourable indices’, shareholders at the weekend commended the board, management and staff of UBA for the results attained in Q3. Speaking with CityBusiness News in Lagos, the shareholders emphasized the need for the bank to...
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BVN hits 20 million
September 14, 2015 No Responses

BVN hits 20 million

LESS than 47 days to the second deadline of October 31, 2015, the  Biometric Verification Number (BVN) project has recorded  20-million mark. Meanwhile, three of the four major telecommunications giant- Etisalat, Airtel and MTN Nigeria have indicated interes...
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First Bank unveils new products for schools
September 14, 2015 No Responses

First Bank unveils new products for schools

New products aimed at supporting school operators and entrepreneurs  has been unveiled by the management of First Bank of Nigeria Limited. According to the bank, the product are: FirstEdu Loan, Operational Vehicle Loan, Commercial Mortgage and Personal Loan a...
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FBN Holdings Gets New Group Managing Director
September 8, 2015 No Responses

FBN Holdings Gets New Group Managing Director

Executive Director, South, First Bank of Nigeria Limited, Mr UK Eke is to replace Mr Bello Maccido as Group Managing Director of FBN Holdings Plc with effect from January 1, 2016. Maccido, pioneer Group Chief Executive Officer, FBN Holdings, is...
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UBA declares 20k interim dividend
September 4, 2015 No Responses

UBA declares 20k interim dividend

FOREMOST financial services group, United Bank for Africa (UBA) Plc, has announced its audited 2015 half year financial results. The results showed strong growth in earnings and profits, as the Bank continued to benefit from its determination to provide value...
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Dangote Cement, FBN Holdings, others join NSE premium index board
August 26, 2015 No Responses

Dangote Cement, FBN Holdings, others join NSE premium index board

Foremost listed firms, Dangote cement Plc, FBN Holdings Plc and Zenith International Bank Plc  have  joined new Nigerian Stock Exchange (NSE) Premium Board and the associated Premium Board Index. The firms were cleared based on  market capitalisation of N2....
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UBA gets award as largest lender to agriculture
August 18, 2015 No Responses

UBA gets award as largest lender to agriculture

United Bank for Africa (UBA) plc has been  honoured as Nigeria’s biggest lender to agriculture by the Lagos Chamber of Commerce and Industry (LCCI). Listing some of the consideration LCCI considered in selecting winning companies for the awards, Aderemi Bel...
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NLC lauds CBN for publishing bank debtors
August 6, 2015 No Responses

NLC lauds CBN for publishing bank debtors

THE headquarters of Nigeria Labour Congress (NLC has commended the Central Bank of Nigeria’s (CBN) directive to banks to publish names of chronic debtors. Secretary of the NLC, Peter Eson-Ozo, explained that the development would  strengthen the economy. Th...
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Omatek tasks banks, others on adoption of solar technology in Nigeria
August 5, 2015 No Responses

Omatek tasks banks, others on adoption of solar technology in Nigeria

AN indigenous Information Technology (ICT) firm has, Omatek has stressed the need to fully explore solar technology in Nigeria. The management of the firm also advised industries including banks, telecommunications, medics, schools, manufacturing companies and...
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ECOWAS Bank renews president tenure
August 1, 2015 No Responses

ECOWAS Bank renews president tenure

The Board of Governors of the Economic Community of West Africa (ECOWAS) Bank for Investment and Development (EBID) which comprises Finance Ministers from the 15-Member States of ECOWAS has  renewed the tenure of the President of the Bank, Mr. Bashir...
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SEC pledges to tackle unclaimed dividend with e-payment platform
July 31, 2015 No Responses

SEC pledges to tackle unclaimed dividend with e-payment platform

THE Securities and Exchange Commission (SEC) has unveiled e-dividend payment platform. Director-General of SEC, Mounir Gwarzo, explained that the platform was initiated in collaboration with the Central Bank of Nigeria (CBN) and the Nigeria Inter-Bank Settleme...
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FBN Money Market Fund retains ‘Aa (f)’ rating
July 28, 2015 No Responses

FBN Money Market Fund retains ‘Aa (f)’ rating

The FBN Money Market Fund managed by FBN Capital Asset Management has retained its Agusto & Co fund risk rating of ‘Aa(f)’. A statement issued by FBN Capital Limited explained that the rating are considered to have minimal  low risk...
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AMCON threatens to publish list of loan defaulters
July 28, 2015 No Responses

AMCON threatens to publish list of loan defaulters

The Asset Management Corporation of Nigeria (AMCON) has advised loan defaulters to immediately pay up their debts or it would publish their names in line with a directive by the Central Bank of Nigeria (CBN). In a statement, AMCON warned...
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