Category: Capital Market/Banking

Ecobank Nigeria Takes Financial Literacy To Markets, Sensitizes Traders On New Naira Notes  
November 21, 2022 No Responses

Ecobank Nigeria Takes Financial Literacy To Markets, Sensitizes Traders On New Naira Notes  

Ecobank Nigeria, an affiliate of the leading pan-African banking group, the Ecobank Group has taken financial literacy and inclusion to traders in several markets across the country being part of activities to mark “Ecobank Day”, 2022.   City Business News reports that...
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<strong>Access Bank Empowers Closa Agents With Solar Powered fibre kiosks</strong>
November 21, 2022 No Responses

Access Bank Empowers Closa Agents With Solar Powered fibre kiosks

Access Bank’s commitment to deliver banking services to at least one in every two Nigerians has been reaffirmed as the leading retail financial institution successfully commissioned and empowered Access Closa agents across Nigeria with Solar powere...
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Ecobank Fintech Breakfast: Stakeholders Advocate Sound Corporate Governance, Scalable Proposal To Attract Investors
November 14, 2022 No Responses

Ecobank Fintech Breakfast: Stakeholders Advocate Sound Corporate Governance, Scalable Proposal To Attract Investors

To achieve a sustainable and stable fintech ecosystem, operators in the industry have been advised to put in place sound corporate governance principles and policies and also package their business proposals to attract potential investors.   This was...
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FBNBank UK Stands Tall At 40, Appreciates Customers, Regulators
November 13, 2022 No Responses

FBNBank UK Stands Tall At 40, Appreciates Customers, Regulators

FBNBank UK, a member of First Bank of Nigeria Limited and Subsidiaries had London, the United Kingdom painted blue as it celebrated its 40th anniversary, themed Partnership Beyond Borders, on Friday, 11 November 2022.    The event which had cust...
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Access Bank Budgets $1b To Boost SMEs In Africa
November 10, 2022 No Responses

Access Bank Budgets $1b To Boost SMEs In Africa

Access Bank Plc is investing a billion dollars to boost 10 million Small and Medium Enterprises (SMEs) in Africa over the next five years. Mr Seyi Kumapayi, the Executive Director in charge of African subsidiaries said this on the sidelines...
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Investors Gain N9b On NGX 
November 10, 2022 No Responses

Investors Gain N9b On NGX 

The Nigerian Exchange (NGX) on Wednesday recorded N9 billion gain due to price appreciation in Dangote Cement and some tier-one banking stocks.  The primary drivers of the market were Dangote Cement, Guaranty Trust Holding Company (GTCO), Zenith Bank and Unit...
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Agusto Upgrades EDC Nigeria Money Market Fund Rating
November 9, 2022 No Responses

Agusto Upgrades EDC Nigeria Money Market Fund Rating

Pan- African credit rating agency, Agusto & Co has upgraded the rating of EDC Nigeria Money Market Fund (‘EDC MMF’ or ‘the Fund’) to A(f). Funds rated ‘A(f)’ are deemed to have low to moderate exposure to downside risk, impairment...
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DMO Issues 2 FGN Savings Bonds 
November 8, 2022 No Responses

DMO Issues 2 FGN Savings Bonds 

The Debt Management Office (DMO) has announced the issuance of two Federal Government of Nigeria (FGN) Savings Bonds for subscription at N1,000 per unit.  According to a statement by the DMO via its website on Monday, the first offer is...
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AfDB Mobilises $31b Investment Interest 
November 7, 2022 No Responses

AfDB Mobilises $31b Investment Interest 

The African Development Bank (AfDB), has drawn 31 billion dollars in investment interest from African and global investors.  In a statement issued by the Communication and External Relations unit of the AfDB, President of the bank, Dr Akinwumi Adesina sai...
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<strong>First Bank Reiterates Commitment To Funding Mining Sector</strong>
November 5, 2022 No Responses

First Bank Reiterates Commitment To Funding Mining Sector

First Bank of Nigeria has reiterated its support to mining sector development and growth as part of efforts to diversify the nation’s economy. First Bank’s Group Head, Corporate Banking, Energy (Upstream and midstream), Temitayo Osundosumu, said this durin...
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Market Capitalisation Drop By N25b
November 4, 2022 No Responses

Market Capitalisation Drop By N25b

The equity market extended losses on Thursday as the market capitalisation shed N25 billion or 0.10 per cent to close at N24.094 trillion from the 24.119 trillion on Wednesday.  Similarly, the All-Share Index dipped by 46.32 points or 0.10 per...
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Dangote Sugar Declares N24.83b Profit In Nine Months 
October 31, 2022 No Responses

Dangote Sugar Declares N24.83b Profit In Nine Months 

For the nine months period ended September 30, 2022, Dangote Sugar Refinery Plc has announced a Profit Before Tax (PBT) of N36.27 billion.  Group Managing Director, Dangote Sugar Refinery Plc, Mr Ravindra Singhvi, in a statement on Sunday explained that.....
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Expert Tasks Bankers On Infrastructure Funding
October 30, 2022 No Responses

Expert Tasks Bankers On Infrastructure Funding

An infrastructure specialist, Mr Opuiyo Oforiokuma, has urged bankers to come up with a plan to fund infrastructure in Nigeria.  Oforiokuma, a Senior Partner at Africa50 Infrastructure Acceleration Fund, gave the advice at the 2022 Fellowship Investiture ...
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Investors Lose N388b On NGX  
October 29, 2022 No Responses

Investors Lose N388b On NGX  

The Nigerian Exchange Ltd. (NGX) declined further on Friday as market capitalisation depreciated by N388 billion or 1.6 per cent to close at N23.918 trillion from N24.306 trillion on Thursday.  Also, the All-Share Index (ASI) fell by 712.54 points or...
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