Category: Capital Market/Banking

Sky Capital Appoints MD, Non-EDs For Skye Bank Sierra Leone
August 30, 2022 No Responses

Sky Capital Appoints MD, Non-EDs For Skye Bank Sierra Leone

Sky Capital & Financial Allied Limited, the financial services subsidiary of SIFAX Group, has appointed a new Managing Director and three non-executive directors for one of its subsidiaries Skye Bank, Sierra Leone.  After the approval by the Bank of Sierra...
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Ecobank Nigeria Unveils Special Loans, Remittances Scheme
August 29, 2022 No Responses

Ecobank Nigeria Unveils Special Loans, Remittances Scheme

Ecobank Nigeria has unveiled a special scheme on Back2School loans and remittances for all its customers.   Head, Consumer Banking, Ecobank Nigeria, Korede Demola-Adeniyi said the loan offerings have been developed based on the bank’s understanding...
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Citi Bank To Close Russian Branches
August 26, 2022 No Responses

Citi Bank To Close Russian Branches

US bank Citigroup is to close its remaining branches and consumer banking operations in Russia as it exits the country in protest at the war in Ukraine. The move, which affects 2,300 staff in the country, follows an exodus of...
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Stock Market Recovers N65b 
August 25, 2022 No Responses

Stock Market Recovers N65b 

Trading activities on the Nigerian Exchange Ltd., (NGX) closed on a positive note on Wednesday, with indices growing by 0.22 per cent following gains by BUA Cement, Nestle  and Stanbic Bank  Specifically, the market capitalisation gained N65 bil...
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SEC Seeks Tax Exemption On Corporate Bonds
August 22, 2022 No Responses

SEC Seeks Tax Exemption On Corporate Bonds

The Securities and Exchange Commission (SEC)  has urged the federal government to consider its proposal to exempt corporate bonds from the payment of tax.  Speaking in Lagos at an interactive session with Journalists on the outcome of the second...
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First Set of Winners Emerge In Union Bank’s Save & Win Palli Promo 2 
August 22, 2022 No Responses

First Set of Winners Emerge In Union Bank’s Save & Win Palli Promo 2 

Union Bank of Nigeria has rewarded the first set of winners in the second edition of its Save & Win Palli promo.  The first live draw of this season, which took place at Union Bank’s Head office in Lagos, saw...
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FirstBank Unveils Activities For CRS Week
August 22, 2022 No Responses

FirstBank Unveils Activities For CRS Week

First Bank of Nigeria has announced plans for the fifth edition of its Corporate Responsibility and Sustainability (CRS) Week.  In a statement on Sunday, Group Head, Marketing and Corporate Communications,  Mrs Folake Ani-Mumuney, explained that the ...
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SEC To Sanction Stakeholders Over Unclaimed Dividends
August 20, 2022 No Responses

SEC To Sanction Stakeholders Over Unclaimed Dividends

The Securities and Exchange Commission (SEC) has threatened to sanction stakeholders whose actions are frustrating its efforts toward reducing the volume of unclaimed dividends.  Director-General of SEC, Mr Lamido Yuguda, said this at a post-Capital Marke...
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Access Bank Empowers 20 NYSC Members With N30m Grant
August 19, 2022 No Responses

Access Bank Empowers 20 NYSC Members With N30m Grant

Access Bank Plc, through its Accesspreneur programme has empowered 20 National Youth Service Corps members (NYSC) with exceptional ideas, across the country, with N30 million grant.  The Group Head, Consumer Banking, Access Bank Plc, Adaeze Umeh, in a sta...
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eNaira Records 200,000 Users, N4b Transactions Value
August 19, 2022 No Responses

eNaira Records 200,000 Users, N4b Transactions Value

The Central Bank of Nigeria (CBN), digital currency, eNaira has recorded 200,000 volumes and N4billion value of transactions since its inauguration in 2021. Mr Godwin Emefiele, the CBN Governor said this on Thursday in Abuja at the grand finale of...
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Unity Bank Targets Underbanked Women With ‘Yanga Market’ Campaign  
August 16, 2022 No Responses

Unity Bank Targets Underbanked Women With ‘Yanga Market’ Campaign  

Unity Bank Plc has deployed a new marketing campaign targeted at reaching millions of women entrepreneurs, especially the underbanked across Nigeria with its new retail product, the Yanga account. A statement sent to City BusinessNews Online on Tuesday explain...
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SEC: Capital Market Master Plan Promotes Transparency, Market Confidence 
August 15, 2022 No Responses

SEC: Capital Market Master Plan Promotes Transparency, Market Confidence 

The Capital Market Master Plan (CMMP) initiatives have helped in promoting transparency, protecting investors and enhancing market confidence, the Securities and Exchange Commission (SEC), reiterated at the weekend.   SEC in a statement issued on Sun...
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WFE: $18 Trillion Wiped Off Global Markets In First Half of 2022
August 13, 2022 No Responses

WFE: $18 Trillion Wiped Off Global Markets In First Half of 2022

New data published by the World Federation of Exchanges (WFE), the global industry group for exchanges and central clearing counterparties, lays bare the full economic impact of the Ukraine war upon a global economy still trying to recover from the...
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FirstBank Reiterates Commitment To Youth Development
August 12, 2022 No Responses

FirstBank Reiterates Commitment To Youth Development

First Bank of Nigeria has reiterated its commitment to youth empowerment and entrepreneurship through the celebration of the 2022 youth week.  The bank reiterated this in a statement on Thursday in Lagos to commemorate the International Youth Day, celebra...
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