Category: Capital Market/Banking

Dangote Cement Shareholders Approve 10 % Share Buy-Back Scheme 
December 14, 2022 No Responses

Dangote Cement Shareholders Approve 10 % Share Buy-Back Scheme 

Shareholders of Dangote Cement, unanimously on Tuesday authorised the Management of the company to undertake a share buyback of up to 10 percent of its issued shares, effective from the date of the resolution.   The company had earlier indicated an...
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CVFF: UBA, Zenith Bank, Union Bank, Others To Disburse N16b, $350m
December 12, 2022 No Responses

CVFF: UBA, Zenith Bank, Union Bank, Others To Disburse N16b, $350m

Five Banks have been selected for the disbursement of Cabotage Vessel Financing Fund (CVFF).   The Banks are: United Bank for Africa (UBA), Zenith Bank,  Union Bank of Nigeria, Polaris Bank and Jaiz Bank.    Minister of Trans...
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Emefiele: Export Proceeds Repatriation To Hit $1b In Q4 
December 11, 2022 No Responses

Emefiele: Export Proceeds Repatriation To Hit $1b In Q4 

The Governor, Central Bank of Nigeria (CBN),  Godwin Emefiele, on Saturday expressed optimism that export proceeds repatriation for rebate would hit N1billion fourth quarter of 2022.  Emefiele said this at a press conference on the outcome of th...
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<strong>FMDQ: Exchange Traded Derivative Will Help Govt Raise Cheaper Funds</strong>
December 10, 2022 No Responses

FMDQ: Exchange Traded Derivative Will Help Govt Raise Cheaper Funds

By citybusinessnews@yahoo.com   — FMDQ Securities Exchange Limited is working towards the launch of Exchange Traded Derivative (ETD) products that will enable the government raise funds at a cheaper cost.  Head, Market Architecture, FMDQ Securiti...
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DMO Issues Two FGN Savings Bonds
December 8, 2022 No Responses

DMO Issues Two FGN Savings Bonds

The Debt Management Office (DMO) has announced its December issuance of two Federal Government of Nigeria (FGN) Savings Bonds at N1,000 per unit.  According to a statement by the DMO, the first offer is a two-year FGN Savings Bond due...
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<strong>At ISSAN Confab, CBN, Stakeholders, Harp On Measures Against Cyber Attacks</strong>
December 6, 2022 No Responses

At ISSAN Confab, CBN, Stakeholders, Harp On Measures Against Cyber Attacks

The Central Bank of Nigeria (CBN) has assured information security stakeholders and the general public of its collaboration to check the rising cases of cyber-attacks within Nigeria’s cyberspace.   Director, Payments System Management Department of the...
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<strong>Ecobank Nigeria Appoints Carol Oyedeji As Deputy Managing Director</strong> 
December 3, 2022 No Responses

Ecobank Nigeria Appoints Carol Oyedeji As Deputy Managing Director 

The Board of Ecobank Nigeria has announced the appointment of Carol Oyedeji as a Deputy Managing Director.    A statement sent to City Business News explained that the appointment of Mrs. Oyedeji, has since been approved by the Ce...
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Access Holdings Shareholders Approve New Capital Structure
December 1, 2022 No Responses

Access Holdings Shareholders Approve New Capital Structure

Shareholders of Access Holdings (Access Corporation) Plc, have approved the transfer of 35.545 billion shares in the issued and paid-up capital of Access Bank to the Holding Company.  The shareholders at Access Holdings Extra General Meeting held in ...
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Emefiele: Nigeria’s Rising Inflation Consistent With Global Trend 
November 26, 2022 No Responses

Emefiele: Nigeria’s Rising Inflation Consistent With Global Trend 

Governor of Central Bank of Nigeria (CBN), Godwin Emefiele,  on Friday said the steady increase in headline inflation from 15.60 per cent in January to 20.77 per cent in September was consistent with global trends.  Emefiele said this at the 57t...
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<strong>Corpreneurship Challenge: Unity Bank Splashes N10m Grant On 30 Corps Members</strong><strong>  </strong>
November 25, 2022 No Responses

Corpreneurship Challenge: Unity Bank Splashes N10m Grant On 30 Corps Members  

Unity Bank Entrepreneurship Development Initiative – Corpreneurship Challenge, targeted at empowering fresh graduates and Corp Members on one-year compulsory national youth service has, in its ninth edition of the Corpreneurship Challenge held ...
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Union Bank Gets Euromoney Market Rankings In Five Categories 
November 23, 2022 No Responses

Union Bank Gets Euromoney Market Rankings In Five Categories 

Union Bank of Nigeria (UBN) Plc has received high ratings in five categories at the 2022 Euromoney market rankings.  Mrs Ogochukwu Ekezie-Ekaidem, the Chief Brand and Marketing Officer, UBN, made the announcement in a statement on Tuesday in Lagos . ...
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World Bank Urges Nigeria To Fix Public Finances
November 22, 2022 No Responses

World Bank Urges Nigeria To Fix Public Finances

World Bank has advised Nigeria to fix its public finances as part of measures to promote inclusive and sustainable development.  This is contained in the World Bank Nigeria Public Finance Review Report released on Monday in Abuja.  A copy of...
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FBN Holdings Wins ‘Great Place To Work’ Awards
November 22, 2022 No Responses

FBN Holdings Wins ‘Great Place To Work’ Awards

FBN Holdings Plc has been recognised for performing creditably at the 2022 ‘Great Place to Work Awards’ ceremony.  A statement issued on Monday by Head, Marketing and Corporate Communications, FBN Holdings Plc, Mr Tunde Lawanson, explained that the ho...
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DMO Offers N100b “Sukuk” Bonds At N1,000 Per Unit
November 21, 2022 No Responses

DMO Offers N100b “Sukuk” Bonds At N1,000 Per Unit

The Debt Management Office (DMO) offered N100 billion “Ijarah Sukuk’’ bonds for subscription at N1,000 per unit on Monday on behalf of the Federal Government.   It stated in Abuja that the offer is of 10-year tenor due for maturity...
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