Category: Capital Market/Banking

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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FRC suspends Peterside, three IBTC directors
October 27, 2015 No Responses

FRC suspends Peterside, three IBTC directors

THE Financial Reporting Council, FRC has suspended Chairman of Stanbic IBTC Holdings, Mr. Atedo Peterside, and three directors of the company from signing any financial statement, over allegations of improper disclosures in the financial statements of the ban...
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FBN Holdings declares N390.0b gross earnings in Q3
October 27, 2015 No Responses

FBN Holdings declares N390.0b gross earnings in Q3

FOR the third quarter ended September 30, 2015, FBN Holdings Plc has declared N390.0 billion Gross Earnings, up by 16.9 per cent when compared to N333.6 billion recorded within same period in 2014. According to the unaudicted results, net interest...
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No extension for BVN registration, says CBN
October 23, 2015 No Responses

No extension for BVN registration, says CBN

THE Central Bank of Nigeria (CBN) has vowed not to extend the  October 31 deadline set for  all bank customers in the country to be registered under the Bank Verification Number (BVN). The CBN Deputy Director, Consumer Protection Department, Hajia...
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