Category: Capital Market/Banking

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 stressed this at the Impact Transparency workshop, organised...
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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...
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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...
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Senate Reiterates Commitment To Capital Market-Driven Reforms
February 7, 2024 No Responses

Senate Reiterates Commitment To Capital Market-Driven Reforms

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Access Bank, JICA Seal $75m Loan Agreement
February 7, 2024 No Responses

Access Bank, JICA Seal $75m Loan Agreement

Access Bank Plc has taken a significant stride towards environmental sustainability with the signing of a historic loan agreement with the Japan International Cooperation Agency.  Valued at $75 million, it is JICA’s first private sector investment finan...
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UBA Appoints Mulili, Samoura As MD/CEO In Kenya, Sierra Leone
February 3, 2024 No Responses

UBA Appoints Mulili, Samoura As MD/CEO In Kenya, Sierra Leone

United Bank for Africa (UBA) Plc has appointed Ms. Mary Mulili and Mr Mohamed Alhajie Samoura, as the new Managing Directors/Chief Executive Officers of its subsidiaries in Kenya and Sierra Leone respectively. Ms. Mulili’s appointment marks a signi...
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FBN Holdings Appoints Otedola As Chairman
February 1, 2024 No Responses

FBN Holdings Appoints Otedola As Chairman

First Bank of Nigeria Holdings Plc has appointed the 20th richest man in Africa, Femi Otedola, as its new Chairman. FBN Holdings, in a notice to the Nigerian Exchange Limited and the investing public, said the decision was made at...
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Ecobank Explains Nine Percent Interest Rate For SuperSavers Account Holders  
January 30, 2024 No Responses

Ecobank Explains Nine Percent Interest Rate For SuperSavers Account Holders  

Ecobank Nigeria, a subsidiary of the Ecobank Group has announced interest rates on its SuperSavers accounts.  In a statement issued on Monday, Ecobank explained that the SuperSavers account is a high-yield savings account type tailored for customers who wish...
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At WFE, NGX Group Harps On Technology Revamp, Listing Rules Review
January 26, 2024 No Responses

At WFE, NGX Group Harps On Technology Revamp, Listing Rules Review

The Group Managing Director and Chief Executive Officer, Nigerian Exchange Group Plc, Temi Popoola has highlighted various plans by the exchange group to revamp its technology infrastructure, attract listings, enhance retail investors participation and foreign...
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Dangote Cement Hits N10tri Market Capitalisation, Otedola Explains Interest
January 23, 2024 No Responses

Dangote Cement Hits N10tri Market Capitalisation, Otedola Explains Interest

Foremost cement manufacturing firm, Dangote Cement Plc hit a milestone as a N10 trillion company on Monday at the Nigerian Exchange, the first company to attain such a valuation.  Meanwhile, Business Man,  Mr. Femi Otedola also on Monday confirm...
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UBA Wins Global Finance Best SME Bank For 2023
January 22, 2024 No Responses

UBA Wins Global Finance Best SME Bank For 2023

United Bank for Africa (UBA) Plc, has continued to elevate its global standing, coveting several prestigious international awards, signaling the Bank’s continuous contributions to the economic development of Africa. The recognition of the bank’s outstandin...
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CBN To Hold First MPC Meeting Under Cardoso
January 20, 2024 No Responses

CBN To Hold First MPC Meeting Under Cardoso

The Central Bank of Nigeria (CBN) is to hold its first Monetary Policy Committee meeting under the tenure of Mr. Olayemi Cardoso as Governor on Monday, February 26 and Tuesday, February 27, 2024. The announcement follows a two-day strategic session...
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Union Bank Pledges Seamless Service As New Management Resumes
January 17, 2024 No Responses

Union Bank Pledges Seamless Service As New Management Resumes

Union Bank of Nigeria has reassured its partners, customers and critical stakeholders of continued excellent service and seamless operations following the recent appointment of its new Managing Director/Chief Executive Officer, Yetunde Oni, by the Central Bank...
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Investors Gain N874b As Indices Increase By 1.92%
January 16, 2024 No Responses

Investors Gain N874b As Indices Increase By 1.92%

The Nigerian Exchange Ltd., (NGX) on Monday traded on a positive note, as the All-Share Index rose strongly by 1.92 per cent or 1,597.93 points. Specifically, the All-Share Index settled at 84,640.89, as against 83,042.96 achieved on Friday. Also, investors...
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