Category: Capital Market/Banking

Africa Prudential Appoints Catherine Nwosu CEO
March 2, 2024 No Responses

Africa Prudential Appoints Catherine Nwosu CEO

Africa Prudential Plc, the pioneering registrar listed on the Nigerian Exchange Group (NGX Group), has announced a historic leadership transition.  Effective March 1, 2024, Catherine Nwosu will become the company’s first female Chief Executive Officer (CEO), marking a significant milestone...
read more
MTN Nigeria Records N740b Forex Losses
March 2, 2024 No Responses

MTN Nigeria Records N740b Forex Losses

MTN Nigeria Plc has reported a loss before tax of N177.8 billion compared to a pre-tax profit of N518.8 billion in 2023.  The company attributed the losses to a massive foreign currency loss of N740 billion up from N81 billion reported...
read more
CBN Revokes Operational Licenses Of 4,173 BDCs
March 1, 2024 No Responses

CBN Revokes Operational Licenses Of 4,173 BDCs

The Central Bank of Nigeria (CBN), in exercise of the powers conferred on it under the Bankand Other Financial Institutions Act (BOFIA) 2020, Act No. 5, and the Revised OperationalGuidelines for Bureaux De Change 2015, has revoked the licenses of...
read more
Market Capitalisation Drops By N51billion
February 27, 2024 No Responses

Market Capitalisation Drops By N51billion

The market capitalisation of the Nigerian Exchange Ltd. (NGX) Monday dropped by N51 billion. Specifically, the market capitalisation opened at N55.861 trillion to close at N55.810 trillion, representing 0.09 per cent decrease.The All-Share Index also dropped b...
read more
Ecobank Group Bags Best Bank For SMEs In Africa Award
February 26, 2024 No Responses

Ecobank Group Bags Best Bank For SMEs In Africa Award

Ecobank has won the esteemed Best Bank for SMEs in Africa 2024 award in Global Finance’s annual SME Bank Awards. The Bank in a statement explained that the win reflects Ecobank’s unwavering commitment to meeting the specialised needs of SMEs...
read more
ECOMOF 2024: UBA Reiterates Support For African Economic Expansion Through Strategic Supports For Mining, Oil Sectors
February 25, 2024 No Responses

ECOMOF 2024: UBA Reiterates Support For African Economic Expansion Through Strategic Supports For Mining, Oil Sectors

United Bank for Africa (UBA) Plc has reaffirmed its unwavering commitment to spearhead economic growth across the continent through targeted policies aimed at maximizing the benefits derived from the mining and oil sectors.  To this end, the bank is poise...
read more
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...
read more
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....
read more
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 ...
read more
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...
read more
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...
read more
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...
read more
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...
read more
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...
read more
1 2 3 4 5 … 153