Category: Capital Market/Banking

FirstBank Gets $150m From Afreximbank To Support Businesses
June 14, 2022 No Responses

FirstBank Gets $150m From Afreximbank To Support Businesses

African Export-Import Bank (Afreximbank) has disbursed $150 million to First Bank of Nigeria under it’s Pandemic Trade Impact Mitigation Facility (PATIMFA).  Group Head, Marketing and Corporate Communications, FirstBank, Mrs Folake Ani-Mumuney, in a statement on Monday explained that the President...
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Experts To Brainstorm On Nigeria’s Financial Inclusion Initiative At Oriental News Confab 
June 12, 2022 No Responses

Experts To Brainstorm On Nigeria’s Financial Inclusion Initiative At Oriental News Confab 

Key stakeholders in Nigeria’s financial sector would engage in a robust round table discussion on governments key policy which centers around inclusive financial system that will cover all strata of the society.  The experts drawn from key private s...
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Squad by GTCO: Reshaping the Nigerian Payment Space
June 11, 2022 No Responses

Squad by GTCO: Reshaping the Nigerian Payment Space

Fragmentation in the Nigerian payment space has served more as a constraint than an enabler; Squad by GTCO positions to lead with innovation and efficiency Without a doubt, digital payment is the next growth frontier for financial services. Amongst other...
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NGX Implores Firms On Sustainable Business Practices
June 10, 2022 No Responses

NGX Implores Firms On Sustainable Business Practices

Chief Executive Officer of Nigerian Exchange (NGX), Mr Temi Popoola, has called on organisations to adopt sustainable business practices and report sustainability performance to stakeholders.  Popoola made this call while speaking at the Digital Closing G...
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Access Bank Acquires $37m Stake In Kenya’s Sidian Bank
June 9, 2022 No Responses

Access Bank Acquires $37m Stake In Kenya’s Sidian Bank

Access Bank Holding Plc has concluded plans to acquire Kenya’s Sidian Bank Ltd., for N15 billion ($37 million).     The bank disclosed this in a notice signed by Mr Sunday Ekwochi, Company Secretary of the bank, and made available on the....
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TAJBank Explains N100b Maiden Sukuk Offering For Private Sector
June 7, 2022 No Responses

TAJBank Explains N100b Maiden Sukuk Offering For Private Sector

TAJBank Limited, Nigeria’s leading non-interest bank, is set to launch Nigeria’s first private sector Sukuk offering valued at N100 billion.  According to a statement by the bank’s Managing Director, Mr Hamid Joda, the Sukuk offering is currently un...
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Fidelity Bank Bags SME Award  
June 7, 2022 No Responses

Fidelity Bank Bags SME Award  

Fidelity Bank Plc has been recognized as the ‘Best SME Bank in Nigeria’ by the Global Finance Banking & Finance Awards 2022.  According to the organizers, Global Banking and Finance review, the bank has presented the award after a comprehensive...
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SEC Proposes Unique Identifiers For Capital Market Participants  
June 6, 2022 No Responses

SEC Proposes Unique Identifiers For Capital Market Participants  

To curtail fraud in the capital market and reduce the quantum of unclaimed dividends, the Securities and Exchange Commission (SEC) has concluded plans to give capital market participants unique identifiers.   According to SEC, this formed part of ongoing...
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Shareholders Laud NASCON’s N2.97b Net Profit In 2021 
June 6, 2022 No Responses

Shareholders Laud NASCON’s N2.97b Net Profit In 2021 

National Salt Company of Nigeria (NASCON) Allied Industry Plc, a subsidiary of Dangote Industries (DIL) Ltd.,  recorded a net profit of N2.97 billion, while profit before tax rose from N3.9 billion to N4.3 billion for the year 2021. A statement issue...
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DMO Lists Two New FGN Bonds  
June 5, 2022 No Responses

DMO Lists Two New FGN Bonds  

The Debt Management Office (DMO) has listed two new Federal Government of Nigeria (FGN) savings bonds for subscription at N1,000 per unit. According to the DMO, the first one is a two-year savings bond maturing on June 15, 2024, at an...
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Access Bank Reiterates Support For Entrepreneurs, Small Businesses
June 4, 2022 No Responses

Access Bank Reiterates Support For Entrepreneurs, Small Businesses

Access Bank Plc has pledged to fund entrepreneurs, and create market access for small businesses across the country.  A statement by the Deputy Managing Director of the bank, Mr Victor Etuokwu, on Friday, said the bank remained resolute in its...
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CBN Reviews Operations Of NIBBS Instant Payments System, Others
June 3, 2022 No Responses

CBN Reviews Operations Of NIBBS Instant Payments System, Others

The Central Bank of Nigeria (CBN)  has reviewed upwards, the operations of the Nigeria Inter-Bank Settlement System (NIBSS) and other electronic payment operations.  This is contained in a circular issued by Musa Jimoh, Director, Payments S...
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Seplat Awards N5b Shares To Three Directors
June 2, 2022 No Responses

Seplat Awards N5b Shares To Three Directors

Seplat Energy Plc has announced that share awards have been granted to three top directors under its 2014 Long Term Incentive Plan (LTIP).  The beneficiaries include Mr Roger Brown, Chief Executive Officer, who was awarded 1,733,345 shares; and Mr Emeka.....
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Okomu Oil Tops Loser’s Table As Market Capitalisation  Drop By 9billion
June 2, 2022 No Responses

Okomu Oil Tops Loser’s Table As Market Capitalisation  Drop By 9billion

Bearish sentiment continued at the Nigerian stock market on Wednesday following sell-off in Okumu Oil and Fidelity Bank stocks.  Specifically, the market capitalisation lost N9 billion or 0.03 per cent to close at N28.558 trillion from N28.567 trillion on...
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