Category: Capital Market/Banking

Ecobank Nigeria Reaffirms Commitment To Service Excellence, Celebrates Customer Service Week
October 9, 2024 No Responses

Ecobank Nigeria Reaffirms Commitment To Service Excellence, Celebrates Customer Service Week

Ecobank Nigeria has reaffirmed its dedication to exceptional customer service as it celebrates Customer Service Week.  According to the Bank, this international observance highlights the significance of customer service and those who support customers daily. The global theme for this...
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Presco Announces Resignation Of Three Directors
October 8, 2024 No Responses

Presco Announces Resignation Of Three Directors

Presco Plc has announced the resignation of Chief (Dr.) Bassey Edem, Osa Osunde and HRH., Prince Aiguobasimwin Akenzua as Non-Executive Directors of the company.According to a statement signed by the company’s Secretary, Alayo Ogunbiyi, the Directors contrib...
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SEC, NGX Group Visit Johannesburg Stock Exchange
October 3, 2024 No Responses

SEC, NGX Group Visit Johannesburg Stock Exchange

A high-level delegation from Nigerian Exchange Group Plc (NGX Group), led by the Group Chairman, Alhaji (Dr.) Umaru Kwairanga, alongside top officials from the Securities and Exchange Commission (SEC), headed by the Director General, Dr. Emomotimi Agama, recen...
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More Zenith Bank Customers Lament Online Service Disruptions
October 3, 2024 No Responses

More Zenith Bank Customers Lament Online Service Disruptions

More Zenith Bank customers are groaning over their inability to access their accounts or carry out any transactions almost 24 hours after the bank announced a routine IT maintenance. Contrary to the promise by the bank that online transactions would...
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UBA Declares N2 Interim Dividend, N1.37tri Earnings In H1 ’24
October 1, 2024 No Responses

UBA Declares N2 Interim Dividend, N1.37tri Earnings In H1 ’24

For the half year ended June 30, 2024, United Bank for Africa (UBA) has grown its earnings by 40 per cent to N1.37 trillion and declared an interim dividend of N2.00 per share. The audited financials released to the Nigerian Exchange Limited...
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Access Bank Strengthens Women Empowerment In Southern Africa
September 30, 2024 No Responses

Access Bank Strengthens Women Empowerment In Southern Africa

Access Bank Plc has reinforced its dedication to advancing women’s empowerment across Southern Africa with the relaunch of its ‘W’ Initiative in Zambia and Botswana.The ‘W’ Initiative, which provides a wide array of financial services and support pro...
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SEC Nigeria Vows To Tackle Illegal Fund Managers
September 29, 2024 No Responses

SEC Nigeria Vows To Tackle Illegal Fund Managers

The Securities and Exchange Commission(SEC) has warned entities engaged in illegal fund management activities to desist forthwith or be ready to face the full wrath of the law.Director General of the Securities and Exchnage Commission, Dr. Emomotimi Agama stat...
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At FICAN Conference, NDIC, Others Harp On Collaboration Towards Nigeria’s $1trn Economy
September 29, 2024 No Responses

At FICAN Conference, NDIC, Others Harp On Collaboration Towards Nigeria’s $1trn Economy

For Nigeria to achieve the $1trillion Gross Domestic Product (GDP) by 2026, the Nigeria Deposit Insurance Corporation (NDIC), among other stakeholders, have emphasized on the need for banks and Fintech companies to collaborate and drive the real sector growth....
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NDIC: Why We Have Not Paid Some Depositors Of Heritage Bank
September 28, 2024 No Responses

NDIC: Why We Have Not Paid Some Depositors Of Heritage Bank

The Managing Director, Nigeria Deposit Insurance Corporation, NDIC, Mr. Bello Hassan, has disclosed that some of the Insured Depositors of the defunct Heritage Bank are yet to be paid due to failure to provide necessary information of alternative bank acc...
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Access Holdings Donates Over ₦1b To Borno Flood Victims
September 27, 2024 No Responses

Access Holdings Donates Over ₦1b To Borno Flood Victims

In a demonstration of its commitment to community support, Access Holdings Plc has announced a donation of over ₦1 billion to assist with relief and recovery efforts in Maiduguri, through its banking vertical – Access Bank Plc.The announcement was made...
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CBN Allocates $20,000 To Each BDC At ₦1,590/$
September 26, 2024 No Responses

CBN Allocates $20,000 To Each BDC At ₦1,590/$

The Central Bank of Nigeria (CBN) has announced the sale of $20,000 to each of the eligible Bureau De Change (BDC) operators in the country at the rate of N1,590/$. In a circular to all Bureau De Change operators dated...
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Greenwich Merchant Bank Partners PSRG-Richardson On Sustainability For Inclusive Growth
September 25, 2024 No Responses

Greenwich Merchant Bank Partners PSRG-Richardson On Sustainability For Inclusive Growth

Greenwich Merchant Bank Ltd and PSRG-Richardson have partnered on the key strata of sustainability – health, safety, security and the environment to drive the nation’s economy towards robust and inclusive growth.This was disclosed in a press release si...
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CBN Raises Interest Rate To 27.25%
September 25, 2024 No Responses

CBN Raises Interest Rate To 27.25%

Again, the Central Bank of Nigeria (CBN) has raised its Monetary Policy Rate(MPR) by 50 basis points to 27.25 per cent from 26.75 per cent “to moderate inflation”  which stands at 32.15%. This was revealed by the CBN Governor, Olayemi...
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CBN Reacts To Controversial Policy Document
September 21, 2024 No Responses

CBN Reacts To Controversial Policy Document

The Central Bank of Nigeria, CBN, on Friday, made some clarifications regarding the Monetary, Credit, Foreign Trade, And Exchange Policy Guidelines For Fiscal Years 2024 – 2025 document published on Tuesday, September 17, 2024. In a statement published on it...
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