Category: Capital Market/Banking

Union Tasks Polaris Bank New Owners On Job Security 
October 24, 2022 No Responses

Union Tasks Polaris Bank New Owners On Job Security 

The National Union of Banks, Insurance and Financial Institutions Employees (NUBIFIE) has urged the new owners of Polaris Bank to ensure that the jobs of the existing staff are secure.  The union in a statement issued by its Secretary General,...
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Polaris Bank Gets New Board, Management Team
October 22, 2022 No Responses

Polaris Bank Gets New Board, Management Team

Polaris Bank has been notified of the completion of a Share Purchase Agreement (SPA) for the acquisition of 100 percent of its equity by Strategic Capital Investment Limited (‘SCIL’).    As part of the change in ownership, SCIL has appointed a...
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C&I Leasing Assures Shareholders Of Enhanced Return, Expansion
October 22, 2022 No Responses

C&I Leasing Assures Shareholders Of Enhanced Return, Expansion

C &I Leasing Plc has reiterated plans to embark on a business expansion drive in the near future to increase market share and ensure enhanced returns to shareholders. The  C&I Leasing Group Managing Director/Chief Executive Officer, Mr Lenin Ugoji...
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New Core Investor Acquires Polaris Bank
October 21, 2022 No Responses

New Core Investor Acquires Polaris Bank

A new core investor, Strategic Capital Investment Ltd. (SCIL) has acquired Polaris Bank, The Central Bank of Nigeria (CBN), disclosed on Thursday. A statement signed by Mr Osita Nwanisobi, Director, Corporate Communications and posted on CBN website on Thursda...
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Ecobank Nigeria Unveils Super Reward Season 3 Extension
October 19, 2022 No Responses

Ecobank Nigeria Unveils Super Reward Season 3 Extension

Ecobank Nigeria has announced the commencement of the Season 3 extension of its Super Rewards Campaign.  A statement sent to City Business News explained that the “customer-focused initiative is designed by Ecobank Nigeria to reward customers’ loyalty...
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Fidelity Bank Redeems $400m Eurobond Notes
October 18, 2022 No Responses

Fidelity Bank Redeems $400m Eurobond Notes

By Moses Ebosele, ebosele@hotmail.com — Fidelity Bank Plc on Monday announced the redemption of the $400 million Eurobond Notes due October 17, 2022.  A statement sent to City Business News explained that On October 17, 2017, the bank successf...
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World’s Five Largest Stock Exchanges List 450 New Firms In Nine Months
October 18, 2022 No Responses

World’s Five Largest Stock Exchanges List 450 New Firms In Nine Months

The global economy is staring at a possible recession as inflation continues to wreak havoc across the stock market. Despite the conditions, the leading global stock exchanges by the number of listed companies are attracting new firms as investo...
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SEC At Gombe Investment Summit, Harps On Opportunities In Capital Market
October 13, 2022 No Responses

SEC At Gombe Investment Summit, Harps On Opportunities In Capital Market

Investors in Nigeria have been urged to explore the various opportunities available in the capital market in a bid to grow their businesses, create wealth and improve their standards of living.   Director General of Securities and Exchange Commission...
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FirstBank Partners Group On National Competition
October 12, 2022 No Responses

FirstBank Partners Group On National Competition

First Bank of Nigeria Ltd., on Tuesday partnered Junior Achievement Nigeria (JAN) to implement the 22nd National Company of the Year (NCOY) competition.  A statement issued by Mrs Folake Ani-Mumuney, Group Head, Marketing and Corporate Communications...
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SEC Nigeria, Ghana Renew Market Development Partnership
October 10, 2022 No Responses

SEC Nigeria, Ghana Renew Market Development Partnership

As part of measures to encourage market integration and provide better opportunities for the economic prosperity of Nigeria and Ghana, the Securities and Exchange Commissions of both countries have signed a renewed Memorandum of Understanding.   Speaking dur...
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Unity Bank Bags CBN Award
October 8, 2022 No Responses

Unity Bank Bags CBN Award

Unity Bank Plc has received an Award of Recognition for emerging as the “Best Bank in Customer Complaint Resolution 2021” recently at the Kano Central Bank of Nigeria/Banker’s Committee event held to uphold quality customer service culture in the banking...
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NGX Group Appoints Umaru Kwairanga New Chairman
October 7, 2022 No Responses

NGX Group Appoints Umaru Kwairanga New Chairman

The Board of the Nigerian Exchange Group (NGX Group) has appointed Dr Umaru Kwairanga as its new Chairman.  The group, in a statement on Thursday in Lagos, said that Kwairanga’s appointment was approved at a meeting on Wednesday.  Prior to...
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NGX Lists Geregu Power On Main Board 
October 6, 2022 No Responses

NGX Lists Geregu Power On Main Board 

The Nigerian Exchange Ltd. (NGX) on Wednesday listed Geregu Power Plc on its main board with 2.5 billion ordinary shares at N100 per share under the utilities sector and electric power generation sub-sector of NGX.  The News Agency of Nigeria...
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Access Bank To Acquire Majority Stake In Angolan-Based Finibanco 
October 5, 2022 No Responses

Access Bank To Acquire Majority Stake In Angolan-Based Finibanco 

Access Holdings Plc, trading as Access Corporation, has announced its planned acquisition of a majority equity stake in Angolan-based Finibanco S.A by Access Bank Plc.   The Company’s Secretary,  Mr Sunday Ekwochi, in a statement on Tuesday explained tha...
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