Category: Capital Market/Banking

NGX Group Appoints Popoola GMD/CEO, Oscar Onyema Retires
December 29, 2023 No Responses

NGX Group Appoints Popoola GMD/CEO, Oscar Onyema Retires

Further to the receipt of the Securities and Exchange Commission (SEC)’s No-Objection to the announcement of the appointment, Nigerian Exchange Group Plc (NGX Group) has announced the appointment of Mr. Temi Popoola as GMD/CEO designate effective 1 January 2024 subject...
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Ecobank Reassures Customers Of 24-Hour Digital Banking Services
December 24, 2023 No Responses

Ecobank Reassures Customers Of 24-Hour Digital Banking Services

Ahead of the Yuletide holidays, Ecobank Nigeria has reassured that customers will be able to shop seamlessly and carry out all their transactions via the Ecobank Digital platforms, which include the Ecobank Cards, Ecobank Mobile app, USSD *326#, Ecobank Online...
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CBN Unveils Guidelines For Regulating Virtual Assets In Nigeria 
December 23, 2023 No Responses

CBN Unveils Guidelines For Regulating Virtual Assets In Nigeria 

The Central Bank of Nigeria (CBN) has unveiled guidelines for virtual assets as part of measures to allow virtual assets service providers (VASPs) which include cryptocurrencies and crypto assets organizations to open accounts with Nigerian banks.  The de...
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CBN Warns PoS Operators, Banks Against Cash Hoarding
December 22, 2023 No Responses

CBN Warns PoS Operators, Banks Against Cash Hoarding

The Central Bank of Nigeria has issued a warning against Deposit Money banks and Point of Sales (PoS) merchants over alleged hoarding of cash in the country.   A circular signed by CBN’s acting director of Corporate Communications, Hakama...
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CAMCAN Mourns Former Vice Chairman, Abdul Imoyo
December 20, 2023 No Responses

CAMCAN Mourns Former Vice Chairman, Abdul Imoyo

The Capital Market Correspondents Association of Nigeria (CAMCAN) has expressed sadness over the death of its former Vice Chairman, Mr Abdul Imoyo.  Imoyo breathed his last in the early hours of Dec. 17, 2023, at First Cardiology, Ikoyi, Lagos, after...
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Parallex Bank wins UK Reputable Bank award
December 19, 2023 No Responses

Parallex Bank wins UK Reputable Bank award

Parallex Bank Ltd. has been recognised as the Reputable Bank of the Year by the Global Reputation Forum in the United Kingdom. The Chief Executive Officer of Parallex Bank, Dr Olufemi Bakre, who represented the bank at the event, made...
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NGX All-Share Index Hits 72,000 Mark
December 14, 2023 No Responses

NGX All-Share Index Hits 72,000 Mark

The All-Share Index (ASI) of Nigerian Exchange (NGX), on Wednesday, crossed the 72,000 mark, increasing to 72,299.79 points.. The figure represents an increase of 392.53 points, representing a 0.55 percent when compared with 71,907.26 recorded at the previous ...
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DMO Auctions N360b FGN Bonds
December 6, 2023 No Responses

DMO Auctions N360b FGN Bonds

The Debt Management Office (DMO), on Tuesday announced the offer for subscription of four Federal Government of Nigeria (FGN) bonds valued at N360 billion through auction. According to a statement issued by the DMO, the first offer is April, 2029...
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At CFA Investment Summit, Experts Project Africa As Next Best FDIs Frontier
December 4, 2023 No Responses

At CFA Investment Summit, Experts Project Africa As Next Best FDIs Frontier

With over 400 million young Africans getting ready with the right professions, talents and skills set to be exported into the global workforce, the continent stands the chance of emerging the best destination for Foreign Direct Investments (FDIs) by the...
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Ecobank Shines At DBN Awards, Bags Three Laurels
December 4, 2023 No Responses

Ecobank Shines At DBN Awards, Bags Three Laurels

Ecobank Nigeria won three prominent awards signifying its’ support for MSME’s in Nigeria at this year’s Development Bank of Nigeria (DBN) Annual Service Ambassador Awards ceremony held in Lagos recently. The Bank bagged the following strategic awards whi...
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SEC Harps On Collaboration To Enhance Economic Growth
December 3, 2023 No Responses

SEC Harps On Collaboration To Enhance Economic Growth

The Securities and Exchange Commission (SEC) has called for an active collaboration between the government and market participants to enhance market growth and facilitate economic development.  The Director-General of SEC,  Mr Lamido Yuguda, made the...
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AFCON 2023: Ecobank Flags Off Campaign To Sponsor Customers 
November 26, 2023 No Responses

AFCON 2023: Ecobank Flags Off Campaign To Sponsor Customers 

Ecobank Nigeria has flagged of its, “Save and Score” promo, which is inspired by the upcoming Africa Cup of Nations (AFCON), which will take place in Côte d’Ivoire from January 13 to February 11, 2024, and is intended to reward...
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CIBN, NGX Forge Partnership To Boost Nigerian Financial Market
November 22, 2023 No Responses

CIBN, NGX Forge Partnership To Boost Nigerian Financial Market

The Chartered Institute of Bankers of Nigeria (CIBN) said it would deepen its existing partnership with the Nigerian Exchange Limited (NGX) to further enhance the growth and development of the Nigerian financial market. The President/Chairman, Council of CIBN...
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UBA Bags 2023 African Leadership Award
November 18, 2023 No Responses

UBA Bags 2023 African Leadership Award

United Bank for Africa (UBA) Plc has been named the African Champion of the Year 2023 at the just concluded Africa Financial Industry Summit, held in Lome, Togo. The Africa Financial Industry Summit (AFIS), organized by Jeune Media Group, publishers...
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