Capital Market/Banking – Page 30

July 17, 2024 No Responses

Access Bank Raises N442b Capital Through Syndicated Tier II Facility

Access Bank Plc has announced its partnership with the Dutch Entrepreneurial Development Bank (FMO). The occasion marked the signing of a monumental syndicate Tier II Facility agreement of USD295 million (the equivalent of about N442,500,000,000), underscoring a relationship that has...

July 13, 2024 No Responses

CBN Sells $122.67m To 46 Dealers

As part of measures to promote stability and reduce market volatility in the foreign exchange market, the Central Bank of Nigeria (CBN) has sold $122.67m to 46 authorised dealers A statement signed by the Bank’s Director in charge of Financial...

July 11, 2024 No Responses

Ecobank Tasks Nigerian Businesses On Single Market Trade Hub

Ecobank Nigeria has advised Small and Medium Enterprises (SMEs) as well as large businesses within the country to take quick advantage of its Single Market Trade Hub to connect their businesses to others within the continent. &nbs...

July 11, 2024 No Responses

NGX Unveils Impact Board For Sustainable Instruments

Nigerian Exchange Limited (NGX) has unveiled its Impact Board, a dedicated platform for listing sustainability instruments, following approval from the Securities and Exchange Commission (SEC). This initiative was announced during a Closing Gong Ceremony in La...

July 9, 2024 No Responses

UBA’s GMD Emerges Chairman, CIBN Body Of Banks’ CEOs

The Group Managing Director/Chief Executive Officer, United Bank for Africa, (UBA) Plc, Oliver Alawuba has been appointed as the Chairman of the Chartered Institute of Bankers of Nigeria (CIBN) Body of Banks’ CEOs.The CIBN announced this appointment on its w...

July 8, 2024 No Responses

Access Holdings Secures Approval For N351b Rights Issue

Access Holdings Plc has received approval from the Securities and Exchange Commission (SEC) for the commencement of its N351 billion Rights Issue. A statement issued on Sunday explained that the approval marks a significant milestone in the Group’s previousl...

July 5, 2024 No Responses

NGX Group Confirms Chiemeka as CEO Of NGX Limited

Nigerian Exchange Group Plc (NGX Group) has confirmed the appointment of Mr. Jude Chiemeka as the substantial Chief Executive Officer of Nigerian Exchange Limited, its operating exchange subsidiary. According to NGX Group, the appointment was effec...

July 5, 2024 No Responses

Access Holdings Leads In PBSI Ranking

In recognition of its outstanding performance, Access Holdings PLC has been named the leading Tier-1 Bank in the 2024 Proshare Bank Strength Index (PBSI) report. The PBSI, which evaluates banks based on a comprehensive set of financial metrics derived from...

July 3, 2024 No Responses

NOVA Bank Commences Operations As National Commercial Bank.

NOVA Bank, formerly known as NOVA Merchant Bank, has officially commenced operations as a National Commercial Bank, as the bank opened its first commercial banking branch at 18, Kofo Abayomi Street, Victoria Island.This follows the Central Bank of Nigeria’s ...

July 3, 2024 No Responses

CBN To Sanction Banks, BDCs Over Rejection Of Lower Dollar Bills

The Central Bank of Nigeria (CBN) has issued a warning to Deposit Money Banks (DMBs) and authorised forex dealers, advising them against rejecting old and lower dollar denominations from customers in the country. According to the apex bank, the directive...