Category: Capital Market/Banking

First Bank Reopens Abuja Headquarters Office
August 9, 2022 No Responses

First Bank Reopens Abuja Headquarters Office

First Bank of Nigeria has reopened its headquarters (Coomassie House) located at the Central Business District, Abuja.  The News Agency of Nigeria (NAN) recalls that the office was on Aug. 4, sealed by the FCT High Court Enforcement Unit over...
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First Bank Workers Donate Surgical Equipment For VVF Repairs
August 8, 2022 No Responses

First Bank Workers Donate Surgical Equipment For VVF Repairs

First Bank of Nigeria (FBN) workers under the aegis of the Employee Giving and Volunteering Scheme on Saturday, donated surgical equipment for free Vesico Vaginal Fistula (VVF) repairs in Sokoto state.  The News Agency of Nigeria (NAN) reports that the...
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FirstBank Rewards Customer With Car In Verve Card Campaign
August 6, 2022 No Responses

FirstBank Rewards Customer With Car In Verve Card Campaign

The First Bank of Nigeria has rewarded the grand prize winner of its Verve Card campaign, Mr Olakunle Animasaun, the Chairman of Kanwl International Ltd., with a brand-new car. The 14-week promo in partnership with Verve was designed to reward...
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Management Debunks Sale Of Polaris Bank
August 6, 2022 No Responses

Management Debunks Sale Of Polaris Bank

The management of Polaris Bank has denied the purported sale of the bank by the Central Bank of Nigeria (CBN) to a private individual for N40 billion.  In a statement on Friday, the Bank said such speculative publication was a...
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Investors Recover N81b As Equity Market Closes Positive
August 6, 2022 No Responses

Investors Recover N81b As Equity Market Closes Positive

Trading activities at the Nigeria equity market closed in a positive posture, as investors raked in N81.01 billion gain on Friday.  Similarly, the gain made the market capitalisation close at N27.358 trillion from N27.276 trillion recorded on Thursday.&nb...
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100 Ecobank Customers Win N50,000 Each
August 6, 2022 No Responses

100 Ecobank Customers Win N50,000 Each

Ecobank Nigeria has announced the names of 100 customers who are the first set of lucky winners in the super Rewards season 3 campaign monthly draw with an N50,000 cash prize each. The Super Rewards Campaign is a customer-focused initiative designed...
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FirstBank Branch, Head Office, Not Sealed
August 6, 2022 No Responses

FirstBank Branch, Head Office, Not Sealed

The management of FirstBank of Nigeria has debunked a report stating that its head office or branch has been sealed. A statement issued on Friday by Kehinde Taiwo of the bank’s​ Marketing & Corporate Communications department, stated: “Our attention ...
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Naira Gains Marginally At Investors, Exporters Window
August 5, 2022 No Responses

Naira Gains Marginally At Investors, Exporters Window

The Naira on Thursday gained against the dollar at the Investors and Exporters window, exchanging at N428.12.  The figure represented an increase of 0.25 per cent compared with the N429.20 it exchanged for the dollar on Wednesday.  The open indicative...
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FG Secures $134m Loan From AfDB To Boost Wheat Production
August 4, 2022 No Responses

FG Secures $134m Loan From AfDB To Boost Wheat Production

The Federal Government has obtained a $134m loan from the Africa Development Bank (AfDB) to boost wheat production.  Minister of Agriculture and Rural Development, Dr Muhammad Mahmoud, said this in Abuja while briefing State House correspondents on the implem...
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Citibank Appoints Shamsuddeen Usman Chairman
August 3, 2022 No Responses

Citibank Appoints Shamsuddeen Usman Chairman

Former Minister of Finance, former Minister of National Planning, and former Deputy Governor of the Central Bank of Nigeria, Dr. Shamsuddeen Usman has been appointed the Chairman of the Board, Citibank Nigeria Limited effective July 20, 2022.  Usman had s...
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DMO Lists Additional FGN Savings Bonds 
August 2, 2022 No Responses

DMO Lists Additional FGN Savings Bonds 

The Debt Management Office (DMO) has announced two additional Federal Government of Nigeria (FGN) savings bonds for an offer for the month of August, at N1,000 per unit.  DMO explained on Monday in Abuja that the first offer is a...
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Ecobank Nigeria Appoints Nnaeto Orazulike As Non-Executive Director 
August 2, 2022 No Responses

Ecobank Nigeria Appoints Nnaeto Orazulike As Non-Executive Director 

The Board of Directors of Ecobank Nigeria Limited has announced the appointment of Ichie (Dr) Nnaeto Orazulike as a Non-Executive Director.   Ichie (Dr) Nnaeto Orazulike is a seasoned business magnate, corporate administrator, and philanthropist...
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Nigerian Breweries Declares N274.03b Revenue, N19.08b Profit In Six Months  
August 1, 2022 No Responses

Nigerian Breweries Declares N274.03b Revenue, N19.08b Profit In Six Months  

For the first half of the year ended June 30, 2022, Nigerian Breweries Plc attained revenue of N274.03 billion, representing a growth of 31 per cent when compared with N209.22 billion posted in the preceding period of 2021.  A statement issued...
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ABCON Urges CBN To Float Naira 
July 31, 2022 No Responses

ABCON Urges CBN To Float Naira 

The Association of Bureaux Des Change Operators of Nigeria (ABCON) has urged the Central Bank of Nigeria (CBN) to float the Naira to halt its further depreciation.  The President of ABCON, Alhaji Aminu Gwadabe, made the appeal on Saturday in...
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