Category: Capital Market/Banking

NCMI Holds Compliance Summit on FATF
October 19, 2024 No Responses

NCMI Holds Compliance Summit on FATF

The Nigerian Capital Market Institute (NCMI), a subsidiary of the Securities and Exchange Commission (SEC) is holding a compliance summit for Chief Executive Officers and Compliance Officers on Financial Action Task Force and other related issues.The Summit with the theme:...
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Leadway Assurance Blames Gtbank For Delayed Annuity Payment
October 19, 2024 No Responses

Leadway Assurance Blames Gtbank For Delayed Annuity Payment

Leadway Assurance has blamed delay in the payment of September 2024 annuity on transaction challenges at Gtbank.Some Gtbank account holders are yet to receive their payments for the Month of September 2024.Leadway Assurance in a notice sent to annuitants expla...
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AfDB Unveils $100m Investment Bank For Nigerian Youths
October 19, 2024 No Responses

AfDB Unveils $100m Investment Bank For Nigerian Youths

The African Development Bank (AfDB) has approved a Youth Entrepreneurship Investment Bank for Nigeria.  AfDB president, Akinwunmi Adesina disclosed this on Friday in Abuja while delivering a keynote address at the 90th Birthday Lecture of former Head...
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Access Bank, SaltinGStein Unveil Winbundle Airtime2Win
October 15, 2024 No Responses

Access Bank, SaltinGStein Unveil Winbundle Airtime2Win

Access Bank has partnered SaltinGTein to unveil Winbundle Airtime2Win on its digital platform to provide customers a chance to turn airtime purchase into a potential life-changing event.Winbundle Airtime2Win enables customers to purchase airtime via *901# and ...
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SEC DG: Capital Market Can Galvanise Funds To Finance Nigeria’s Infrastructural Deficit
October 13, 2024 No Responses

SEC DG: Capital Market Can Galvanise Funds To Finance Nigeria’s Infrastructural Deficit

The Director General of the Securities and Exchange Commission (SEC), Dr. Emomotimi Agama, has described the capital market as being grossly undersold in helping to finance the homogous infrastructure deficit in the domestic economy.Dr. Agama said considering ...
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Ecobank Nigeria Reaffirms Commitment To Service Excellence, Celebrates Customer Service Week
October 9, 2024 No Responses

Ecobank Nigeria Reaffirms Commitment To Service Excellence, Celebrates Customer Service Week

Ecobank Nigeria has reaffirmed its dedication to exceptional customer service as it celebrates Customer Service Week.  According to the Bank, this international observance highlights the significance of customer service and those who support customers dai...
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Presco Announces Resignation Of Three Directors
October 8, 2024 No Responses

Presco Announces Resignation Of Three Directors

Presco Plc has announced the resignation of Chief (Dr.) Bassey Edem, Osa Osunde and HRH., Prince Aiguobasimwin Akenzua as Non-Executive Directors of the company.According to a statement signed by the company’s Secretary, Alayo Ogunbiyi, the Directors contrib...
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SEC, NGX Group Visit Johannesburg Stock Exchange
October 3, 2024 No Responses

SEC, NGX Group Visit Johannesburg Stock Exchange

A high-level delegation from Nigerian Exchange Group Plc (NGX Group), led by the Group Chairman, Alhaji (Dr.) Umaru Kwairanga, alongside top officials from the Securities and Exchange Commission (SEC), headed by the Director General, Dr. Emomotimi Agama, recen...
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More Zenith Bank Customers Lament Online Service Disruptions
October 3, 2024 No Responses

More Zenith Bank Customers Lament Online Service Disruptions

More Zenith Bank customers are groaning over their inability to access their accounts or carry out any transactions almost 24 hours after the bank announced a routine IT maintenance. Contrary to the promise by the bank that online transactions would...
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UBA Declares N2 Interim Dividend, N1.37tri Earnings In H1 ’24
October 1, 2024 No Responses

UBA Declares N2 Interim Dividend, N1.37tri Earnings In H1 ’24

For the half year ended June 30, 2024, United Bank for Africa (UBA) has grown its earnings by 40 per cent to N1.37 trillion and declared an interim dividend of N2.00 per share. The audited financials released to the Nigerian Exchange Limited...
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Access Bank Strengthens Women Empowerment In Southern Africa
September 30, 2024 No Responses

Access Bank Strengthens Women Empowerment In Southern Africa

Access Bank Plc has reinforced its dedication to advancing women’s empowerment across Southern Africa with the relaunch of its ‘W’ Initiative in Zambia and Botswana.The ‘W’ Initiative, which provides a wide array of financial services and support pro...
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SEC Nigeria Vows To Tackle Illegal Fund Managers
September 29, 2024 No Responses

SEC Nigeria Vows To Tackle Illegal Fund Managers

The Securities and Exchange Commission(SEC) has warned entities engaged in illegal fund management activities to desist forthwith or be ready to face the full wrath of the law.Director General of the Securities and Exchnage Commission, Dr. Emomotimi Agama stat...
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At FICAN Conference, NDIC, Others Harp On Collaboration Towards Nigeria’s $1trn Economy
September 29, 2024 No Responses

At FICAN Conference, NDIC, Others Harp On Collaboration Towards Nigeria’s $1trn Economy

For Nigeria to achieve the $1trillion Gross Domestic Product (GDP) by 2026, the Nigeria Deposit Insurance Corporation (NDIC), among other stakeholders, have emphasized on the need for banks and Fintech companies to collaborate and drive the real sector growth....
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NDIC: Why We Have Not Paid Some Depositors Of Heritage Bank
September 28, 2024 No Responses

NDIC: Why We Have Not Paid Some Depositors Of Heritage Bank

The Managing Director, Nigeria Deposit Insurance Corporation, NDIC, Mr. Bello Hassan, has disclosed that some of the Insured Depositors of the defunct Heritage Bank are yet to be paid due to failure to provide necessary information of alternative bank acc...
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