Category: Capital Market/Banking

Parallex Bank Unveils Mobile App 2.0
February 17, 2024 No Responses

Parallex Bank Unveils Mobile App 2.0

Parallex Bank Ltd. has announced the launch of a new and improved mobile banking app called Parallex Mobile App 2.0.  The Managing Director, Parallex Bank, Dr. Olufemi Bakre, said in a statement on Friday in Lagos, that the advanced mobile...
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DMO Offers N2.5trillion FGN Bonds For Subscription
February 16, 2024 No Responses

DMO Offers N2.5trillion FGN Bonds For Subscription

The Debt Management Office has offered two Federal Government of Nigeria bonds valued at N2.5 trillion for subscription at N1,000 per unit. The first offer is a seven-year bond valued at N1.25 trillion and expected to mature in February 2031....
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Ecobank MySME Growth Webinar Series: Expert Makes Case For eCommerce To Grow Small Businesses
February 15, 2024 No Responses

Ecobank MySME Growth Webinar Series: Expert Makes Case For eCommerce To Grow Small Businesses

Operators of small and medium enterprises (SMEs) in the country have been advised to leverage on eCommerce to boost sales and grow their business.  This view was canvassed by Chief Commercial Officer, Jumia Nigeria, Ijeoma Arum,  in her presentation ...
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Segun Awolowo Mourns Ogunbanjo
February 13, 2024 No Responses

Segun Awolowo Mourns Ogunbanjo

It is with a heavy heart  that I write these words to bid farewell to my dear brother,  Abimbola Ogunbanjo who met his untimely demise on Saturday 10th February, 2024.The news of his sudden departure has left me shattered, unable...
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Access Holdings Appoints Bolaji Agbede As Acting CEO
February 13, 2024 No Responses

Access Holdings Appoints Bolaji Agbede As Acting CEO

Access Holdings Plc has appointed Bolaji Agbede as acting Chief Executive Officer (CEO) following the death of Herbert Wigwe in a helicopter crash in the United States of America. Agbede, who stands as the most senior founding Executive Director in...
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Stakeholders Advocate Inclusion Of SME In Nigeria’s Sustainability Reporting Push
February 12, 2024 No Responses

Stakeholders Advocate Inclusion Of SME In Nigeria’s Sustainability Reporting Push

Lagos- Impact investors have emphasized the importance of engaging a broader audience, particularly SMEs, to ensure the successful and impactful implementation of the International Sustainability Standards Board (ISSB) standards in Nigeria. The stakeholders s...
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Cardoso To Nigerians: Moderate Demand For Forex
February 10, 2024 No Responses

Cardoso To Nigerians: Moderate Demand For Forex

The Governor, Central Bank of Nigeria, (CBN), Olayemi Cardoso has implored Nigerians to cut down on their demand for forex. “We must moderate our demands for forex. Where there are opportunities to substitute locally, so we should.” the CBN governor...
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CBN Gov Pledges To Tackle Unauthorised Withdrawals
February 7, 2024 No Responses

CBN Gov Pledges To Tackle Unauthorised Withdrawals

The Central Bank of Nigeria (CBN) has pledged to deal decisively with any bank found sabotaging monetary policies or guilty of unauthorised withdrawals from customer accounts. The Governor of the apex bank, Mr Olayemi Cardoso made the pledge on Tuesday...
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Senate Reiterates Commitment To Capital Market-Driven Reforms
February 7, 2024 No Responses

Senate Reiterates Commitment To Capital Market-Driven Reforms

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Access Bank, JICA Seal $75m Loan Agreement
February 7, 2024 No Responses

Access Bank, JICA Seal $75m Loan Agreement

Access Bank Plc has taken a significant stride towards environmental sustainability with the signing of a historic loan agreement with the Japan International Cooperation Agency.  Valued at $75 million, it is JICA’s first private sector investment finan...
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UBA Appoints Mulili, Samoura As MD/CEO In Kenya, Sierra Leone
February 3, 2024 No Responses

UBA Appoints Mulili, Samoura As MD/CEO In Kenya, Sierra Leone

United Bank for Africa (UBA) Plc has appointed Ms. Mary Mulili and Mr Mohamed Alhajie Samoura, as the new Managing Directors/Chief Executive Officers of its subsidiaries in Kenya and Sierra Leone respectively. Ms. Mulili’s appointment marks a signi...
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FBN Holdings Appoints Otedola As Chairman
February 1, 2024 No Responses

FBN Holdings Appoints Otedola As Chairman

First Bank of Nigeria Holdings Plc has appointed the 20th richest man in Africa, Femi Otedola, as its new Chairman. FBN Holdings, in a notice to the Nigerian Exchange Limited and the investing public, said the decision was made at...
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Ecobank Explains Nine Percent Interest Rate For SuperSavers Account Holders  
January 30, 2024 No Responses

Ecobank Explains Nine Percent Interest Rate For SuperSavers Account Holders  

Ecobank Nigeria, a subsidiary of the Ecobank Group has announced interest rates on its SuperSavers accounts.  In a statement issued on Monday, Ecobank explained that the SuperSavers account is a high-yield savings account type tailored for customers who wish...
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At WFE, NGX Group Harps On Technology Revamp, Listing Rules Review
January 26, 2024 No Responses

At WFE, NGX Group Harps On Technology Revamp, Listing Rules Review

The Group Managing Director and Chief Executive Officer, Nigerian Exchange Group Plc, Temi Popoola has highlighted various plans by the exchange group to revamp its technology infrastructure, attract listings, enhance retail investors participation and foreign...
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