Category: Capital Market/Banking

Buhari’s Speech on Currency Swap  
February 16, 2023 No Responses

Buhari’s Speech on Currency Swap  

My Dear Compatriots,   I have found it necessary to address you today, on the state of the nation and to render account on the efforts of our administration to sustain and strengthen our economy, enhance the fight against corruption...
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TAJBank Lists 1st Corporate Sukuk Bond On NGX 
February 15, 2023 No Responses

TAJBank Lists 1st Corporate Sukuk Bond On NGX 

TAJBank Ltd., Nigeria’s foremost non-interest bank, on Tuesday listed its Sukuk Bond on the floor of the Nigerian Exchange (NGX).  The bank listed N10 billion Mudarabah Sukuk issuance after it successfully raised over N11.4 billion under its N100 billio...
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FG Reopens N360b Bonds For Auction 
February 11, 2023 No Responses

FG Reopens N360b Bonds For Auction 

The Debt Management Office (DMO), has on behalf of the Federal Government of Nigeria (FGN), listed four FGN bonds valued at N360 billion for auction.   Announcing the bond auction, the DMO listed the first offer as a February 2028...
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FIDELITY BANK APPOINTS PAMELA SHODIPO EXECUTIVE DIRECTOR 
February 11, 2023 No Responses

FIDELITY BANK APPOINTS PAMELA SHODIPO EXECUTIVE DIRECTOR 

Fidelity Bank Plc has announced the appointment of Mrs. Pamela Shodipo as Executive Director, South Directorate following regulatory approval by the Central Bank of Nigeria.    Pamela joins the Board of Fidelity Bank Plc with over 25 years multi...
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CBN Disburses  N1b To Banks In Edo  
February 8, 2023 No Responses

CBN Disburses  N1b To Banks In Edo  

The Central Bank of Nigeria, CBN, on Tuesday, disclosed that over a billion naira has been disbursed to Edo State in a span of three days to cushion the hardship faced by customers in accessing redesigned naira notes.  Director, Risk...
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Access Bank Unveils ‘Love Is More’ Campaign For Valentine 
February 7, 2023 No Responses

Access Bank Unveils ‘Love Is More’ Campaign For Valentine 

Access Bank Plc has unveiled several discounts and mouth-watering freebies on its retail products and services to celebrate its customers in this season of love.   The Valentine season campaign, tagged ‘Love is More,’ will run from Feb. 1 to...
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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 Capit...
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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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