Category: Capital Market/Banking

CBN suspends First Bank, Diamond, others from forex transactions
August 24, 2016 No Responses

CBN suspends First Bank, Diamond, others from forex transactions

Citing non-remittance of all outstanding Nigerian National Petroleum Corporation (NNPC) funds in their vaults into the Treasury Single Account (TSA), the Central Bank of Nigeria (CBN) has  suspended nine banks from further dealing in foreign exchange transactions (forex).  The banks...
read more
‘UBA has remitted all NNPC/NLNG Dollar deposits into TSA’
August 24, 2016 No Responses

‘UBA has remitted all NNPC/NLNG Dollar deposits into TSA’

The United Bank for Africa (UBA) has remitted into the Single Treasury Account (TSA) domiciled at the Central Bank of Nigeria (CBN) all dollar deposits belonging to the Nigerian national Petroleum Corporation (NNPC)/Nigerian Liquefied Natural Gas Company (NLNG...
read more
All set for NSE, Bloomberg 2nd CEO Roundtable
August 24, 2016 No Responses

All set for NSE, Bloomberg 2nd CEO Roundtable

The Nigerian Stock Exchange (NSE) in collaboration with Bloomberg is set to host the 2nd NSE Bloomberg Chief Executive Officer (CEO) Roundtable Event on Wednesday, 31st August 2016 at the Stock Exchange House, Marina, Lagos.  According to a statement, the...
read more
Manufacturers to get 60% forex
August 23, 2016 No Responses

Manufacturers to get 60% forex

Still in search of a healing balm for the economy, the  Central Bank of Nigeria (CBN) has directed  Authorised Dealers (banks) to allocate 60 per cent of their  Foreign Exchange, (forex) purchases from all sources (interbank inclusive) to  manufacturers an...
read more
Wema Bank to raise N50b
August 22, 2016 No Responses

Wema Bank to raise N50b

To expand on its expansion drive and ensure profitability, the Board and Management of Wema Bank has concluded plans to raise N50 Billion tier two capital through bonds.   According to the Bank, plans are underway to raise N20 billion...
read more
Emefiele emerges President of African Central Banks
August 21, 2016 No Responses

Emefiele emerges President of African Central Banks

(NAN) The Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, has been elected President of the Association of African Central Banks (AACB). Mr. Emefiele, who was elected at the 39th Ordinary meeting of the Assembly of Governors of...
read more
FCMB blames NPA for non-remittance of funds
August 19, 2016 No Responses

FCMB blames NPA for non-remittance of funds

By Moses Ebosele –     The management of First City Monument Bank (FCMB) has admitted receiving Euro payments for Nigerian Ports Authority (NPA).   Briefing the Nigerian Stock Exchange (NSE) in a statement obtained by City BusinessNews (www.citybusin...
read more
Buhari tasks African Central Banks on repatriation of stolen funds
August 19, 2016 No Responses

Buhari tasks African Central Banks on repatriation of stolen funds

President Muhammadu Buhari has urged African Central Banks to play crucia role in the repatriation of stolen funds.   Speaking at a meeting of the association of central bank governors in Abuja, Buhari called for the removal of all bureaucracies...
read more
First Bank denies alleged concealment of NPA’s N11.2Billion
August 18, 2016 No Responses

First Bank denies alleged concealment of NPA’s N11.2Billion

By Moses Ebosele –   First Bank Nigeria has denied any involvement in the alleged concealment of N11.2 Billion belonging to the Nigerian Ports Authority (NPA).   In a statement sent to the Nigerian Stock Exchange (NSE) and obtained by City BusinessNe...
read more
GTBank proposes 25k interim dividend
August 18, 2016 No Responses

GTBank proposes 25k interim dividend

For the half year ended June 30, 2016, Guaranty Trust Bank Plc has proposed 25 kobo interim dividend.  In its report to the Nigerian Stock Exchange (NSE), the Bank also declared gross earnings of ₦209.9 billion, an increase of 37...
read more
‘Skye Bank is neither distressed nor liquidated’
August 18, 2016 No Responses

‘Skye Bank is neither distressed nor liquidated’

By Moses Ebosele –      The Central Bank of Nigeria (CBN) has refuted alleged liquidation of Skye Bank Plc.    In a statement issued on Thursday, CBN Acting Director (Corporate Communications), Isaac Okorafor, said the Bank is “neither distressed...
read more
CBN increases BDCs weekly sales to $50,000
August 17, 2016 No Responses

CBN increases BDCs weekly sales to $50,000

 The Central Bank of Nigeria (CBN) has increased the amount of foreign exchange that Bureaux De Change (BDCs) can access from $30,000 to $50, 000 per week.  Speaking in Abuja on Tuesday, Directors of CBN and some Managing Directors of...
read more
NDIC tasks Jaiz Bank on Corporate Governance
August 17, 2016 No Responses

NDIC tasks Jaiz Bank on Corporate Governance

By Bademi Johnson –   To successfully tackle various challenges facing Nigeria’s banking Industry, the management of Jaiz Bank Plc has been advised to strengthen its corporate governance mechanism. The Managing Director/Chief Executive Officer of Nig...
read more
Union Bank declares N8.7B profit in six months
August 16, 2016 No Responses

Union Bank declares N8.7B profit in six months

For the first six months of this year, Union Bank of Nigeria Plc recorded profit after tax of N8.7 Billion compared with N6.3 Billion within same period in 2015.   According to the Bank, total assets also increased from N1.046...
read more
1 … 172 173 174 175 176 … 181