Category: Capital Market/Banking

DMO Presents N130b Sukuk Cheque To FMWH, FCTA  
February 7, 2023 No Responses

DMO Presents N130b Sukuk Cheque To FMWH, FCTA  

The Debt Management Office, on Monday, presented cheques of N130 billion being Proceeds of the 2022 Sovereign Sukuk offer to the implementing ministries.   The implementing ministries were the Federal Ministry of Works and Housing (FMWH) and the Federal Capital...
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ASSBIFI Seeks Safety Of Banks’ Staff, Property 
February 5, 2023 No Responses

ASSBIFI Seeks Safety Of Banks’ Staff, Property 

The Association of Senior Staff of Banks, Insurance and Financial Institutions (ASSBIFI) has again called on the security agencies to ensure the safety and security of banks’ staff and property.  ASSBIFI President, Mr Olusoji Oluwole, in a sta...
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Group Tasks CBN On PWDs Access To New Naira Notes  
February 3, 2023 No Responses

Group Tasks CBN On PWDs Access To New Naira Notes  

Heal Disability Initiative, a non-governmental organisation, has urged the Central Bank of Nigeria (CBN) to ensure that People with Disabilities (PWDs) have easy access to the redesigned Naira notes.   The organisation also called for inclusion of persons...
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Geregu Power Declares 50.5% Drop In Profit  
February 3, 2023 No Responses

Geregu Power Declares 50.5% Drop In Profit  

Geregu Power Plc has reported 50.5 per cent decline in profit as revenue dropped and earnings impaired negatively.     The company, listed on the NGX last year reported N10.17billion profit in 2022 as against N20.55billion in 2021, while profit ...
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IFC Partners Union Bank ON Trade, SMEs 
February 3, 2023 No Responses

IFC Partners Union Bank ON Trade, SMEs 

To boost access to finance for smaller businesses in Nigeria and to support increased trade, IFC has announced a partnership with Union Bank of Nigeria Plc as part of measures to help the bank expand lending to hundreds of businesses...
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Fidelity Bank CEO, Nneka Onyeali-Ikpe Bags Banker Of The Year Award 
February 3, 2023 No Responses

Fidelity Bank CEO, Nneka Onyeali-Ikpe Bags Banker Of The Year Award 

Managing Director/Chief Executive Officer, Fidelity Bank Plc, Mrs. Nneka Onyeali-Ikpe has been presented the award of the Banker of the Year 2022 at the 14th Leadership Annual Conference and Awards.  Organized by Leadership Media Group, publishers of...
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UBA Appoints Abiola Bawuah As First Female CEO For Africa Operations
January 31, 2023 No Responses

UBA Appoints Abiola Bawuah As First Female CEO For Africa Operations

The Board of Directors ,United Bank for Africa (UBA)Plc on Monday announced the appointment of Mrs. Abiola Bawuah as Chief Executive Officer (CEO) of UBA Africa.    UBA in a statement explained that Bawuah will also...
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Reps Minority Caucus Lauds CBN For Extending Deadline On Old Notes 
January 30, 2023 No Responses

Reps Minority Caucus Lauds CBN For Extending Deadline On Old Notes 

The House of Representatives Minority Caucus has commended the Central Bank of Nigeria (CBN) for extending the deadline for swapping of the old naira notes.A statement issued by Rep. Ndudi Elumelu (PDP-Delta), the House Minority Leader on Sunday described the....
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Stock Market Closes Week With N52b Decline
January 28, 2023 No Responses

Stock Market Closes Week With N52b Decline

The Nigerian Exchange (NGX) closed negative due to buy-interests and sell-offs in large and small capitalised stocks.   Also, the market capitalisation dropped by N52 billion to close at N28.681 trillion as against N28.733 trillion posted at the previous...
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Ecobank Ellevate Partners Ananse Africa, MasterCard Foundation, Train Fashion Entrepreneurs
January 28, 2023 No Responses

Ecobank Ellevate Partners Ananse Africa, MasterCard Foundation, Train Fashion Entrepreneurs

Ecobank Ellevate has partnered Ananse Africa and MasterCard Foundation to train fashion entrepreneurs and creatives in Nigeria.   A statement sent to City Business News explained that Ecobank Ellevate is a proprietary service offering designed for bu...
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AfDB Commits $10bn To Drive  Food Security In Africa 
January 27, 2023 No Responses

AfDB Commits $10bn To Drive  Food Security In Africa 

The African Development Bank (AfDB) Group is to commit $10 billion over the next five years to make Africa food secure.  The president of the bank, Dr Akinwumi Adesina made the commitment at the Dakar Africa Food Summit in Diamniadio,...
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CBN Unveils Africa-Led Domestic Card Scheme
January 27, 2023 No Responses

CBN Unveils Africa-Led Domestic Card Scheme

The Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele on Thursday, unveiled an African Central Bank led National Domestic Card Scheme (AfriGO) to address local peculiarities.  At the event, which was monitored virtually, Emefiele said the new...
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Union Bank Save & Win Palli Promo Grand finale Holds Jan 27  
January 25, 2023 No Responses

Union Bank Save & Win Palli Promo Grand finale Holds Jan 27  

Following a six-month successful run, the second edition of Union Bank’s Save & Win Palli Promo is finally coming to an exciting conclusion.A statement sent to City Business News explained that the grand finale event, which is set to hold...
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CBN Raises Interest Rate To 17.5%
January 24, 2023 No Responses

CBN Raises Interest Rate To 17.5%

Against projections by some experts, the Monetary Policy Committee (MPC) of Central Bank of Nigeria (CBN) has increased the monetary policy rate by 100 basis points to 17.5 per cent. This is contained in a communiqué issued at the end...
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