Category: Capital Market/Banking

Wema Bank, Bank of Uganda brainstorm on performance management
September 27, 2016 No Responses

Wema Bank, Bank of Uganda brainstorm on performance management

Wema Bank, recently, hosted some staff of Uganda’s Apex Bank; The Bank of Uganda (BoU), on a week-long knowledge and skills sharing session on Balanced Score Card and Performance Management. Speaking on the BoU’s decision to take a cue from...
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World Federation of Exchanges unveils Cyber Resilience Principles
September 25, 2016 No Responses

World Federation of Exchanges unveils Cyber Resilience Principles

The World Federation of Exchanges (WFE) has published a set of principles around cyber resilience, intended to support and complement guidance already provided by global regulators.  According to WEF, the principles have been drafted in consultation with memb...
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Elumelu wins Africa Investor ‘Person of the Year’ Award in New York.
September 21, 2016 No Responses

Elumelu wins Africa Investor ‘Person of the Year’ Award in New York.

The Chairman of Heirs Holdings, Mr. Tony Elumelu has been honoured with the ‘Person of the Year’ award at the Africa Investor Chief Executive Officer (CEO) Institutional Investment Summit hosted alongside the UN General Assembly in New York,  Receiving th...
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FirstBank offers educational solutions to Schools
September 21, 2016 No Responses

FirstBank offers educational solutions to Schools

It is the beginning of another school term and as students return to school after the long holidays, First Bank of Nigeria Limited, is again set to support schools with their educational requirements to enhance preparations for the school year....
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Elumelu seeks more U.S engagement, investment in Africa
September 20, 2016 No Responses

Elumelu seeks more U.S engagement, investment in Africa

The chairman of United Bank for Africa Plc, (UBA) Tony Elumelu, has called for more United States of America (USA)  engagement in Africa through mutually beneficial trade and investment.   Elumelu, who is on a business tour of the US...
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First Bank gets ‘most customer friendly award’
September 15, 2016 No Responses

First Bank gets ‘most customer friendly award’

FBN Holdings Plc recently garnered awards at the BusinessDay 2016 Annual Banking Awards.   First Bank of Nigeria Limited and FBN Capital Limited, both subsidiaries of the FBNHoldings Group were recipients of double laurels at the event. First Bank of...
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Unity Bank sacks 213 workers
September 15, 2016 No Responses

Unity Bank sacks 213 workers

The Management of Unity Bank Plc sacked 213 of its workforce.   A source explained that the exercise form part of the financial institution’s plan to reposition its operations.   Contacted on Wednesday, a highly placed source within the Bank...
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UBA wins best Bank in Sub-Sahara Africa award, sponsors Ebola Movie “93 Days”
September 13, 2016 No Responses

UBA wins best Bank in Sub-Sahara Africa award, sponsors Ebola Movie “93 Days”

Pan-African banking group, United Bank for Africa (UBA) Plc at the weekend carted home two very important laurels at the annual Businessday Banking Awards, winning the Best Bank in Sub-Saharan Africa and the Best Bank in support of Agriculture.  ...
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FG intensifies consultations on issuance of Green Bond
September 12, 2016 No Responses

FG intensifies consultations on issuance of Green Bond

The Federal Government has commenced consultation with capital market stakeholders on the issuance of Green Bond.   According to the Minister of Environment,   Amina Mohammed, the process is expected to contribute to Nigeria’s development.    Already, t...
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FG task banks on fight against corruption, terrorism
September 7, 2016 No Responses

FG task banks on fight against corruption, terrorism

The Federal Governmet has challenged financial services sector in Nigeria to support ongoing efforts to tackle corruption, terrorism and money laundering in Nigeria.   Speaking at the 10th Annual Banking and Finance Conference in Abuja, President Muhammadu Bu...
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First Bank appoints Alebiosu as Chief Risk Officer
September 6, 2016 No Responses

First Bank appoints Alebiosu as Chief Risk Officer

First Bank of Nigeria Limited has announced the appointment of Mr. Olusegun Alebiosu as its new Chief Risk Officer (CRO).   Prior to this appointment, Olusegun was the Chief Risk Officer of Coronation Merchant Bank.  Mr. Alebiosu’s appointment, which is...
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Wema Bank reopens Minna Branch
September 6, 2016 No Responses

Wema Bank reopens Minna Branch

Wema Bank Plc has continued its expansion plan with the reopening of its branch in Minna, Niger State.   Located at  35 Bosso Road, Minna, this  comes barely a year after the bank obtained a national banking licence from the...
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WFE reiterates partnership with IOSCO, G20 nations
September 6, 2016 No Responses

WFE reiterates partnership with IOSCO, G20 nations

The World Federation of Exchanges (WFE) has called for common approach to issues among International Organisation of Securities Commission (IOSCO) and G20 nations.   Reacting to the European Securities and Markets Authority’s (ESMA) Discussion Paper on Dist...
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‘Foreigners can now invest in T-Bills, others’
September 4, 2016 No Responses

‘Foreigners can now invest in T-Bills, others’

The Central Bank of Nigeria (CBN) has unveiled new guidelines  which empowers foreigners to invest in short-term debts and securities.    Under the arrangement, foreigners can now invest  in Treasury Bills (T-Bills), Federal Government Bonds, certificates ...
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