Category: Capital Market/Banking

Ecobank Nigeria Expands Agency Banking Locations To 50,000
February 7, 2022 No Responses

Ecobank Nigeria Expands Agency Banking Locations To 50,000

Ecobank Nigeria says its vision to use its agency banking scheme to drive financial inclusion is fast yielding fruits as it now has over 50,000 agents locations across the country.  According to the bank, apart from helping to drive its...
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NGX Lists Key Growth Drivers For 2022
February 4, 2022 No Responses

NGX Lists Key Growth Drivers For 2022

The Nigerian Exchange (NGX) Ltd. has listed five key areas it will pursue to make significant strides in 2022.  The Chief Executive Officer, NGX, Mr Temi Popoola, listed the key areas as building on digital transformation, listings and delistings, technol...
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FirstBank Rewards 300 Visa Gold Card Customers
February 3, 2022 No Responses

FirstBank Rewards 300 Visa Gold Card Customers

First Bank of Nigeria is to reward over 300 holders and customers of its branded Visa Gold card at the ongoing Visa Gold card campaign scheduled to end March 25, 2022  First Bank’s Group Executive, e-Business and Retail Products, Mr...
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2022:FMDQ Group Lists Priorities For Growth
February 2, 2022 No Responses

2022:FMDQ Group Lists Priorities For Growth

FMDQ Group has listed priorities to be pursued by the company in 2022 to enhance the growth and development of the fixed income markets.  Ms Kaodi Ugoji, Group Chief Operating Officer, FMDQ Group, said the top priorities were the launch...
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Fidelity Bank Rewards More GAIM 5 Promo Customers
January 31, 2022 No Responses

Fidelity Bank Rewards More GAIM 5 Promo Customers

Ten customers of Fidelity Bank Plc have become N1million richer having received their cash prizes for emerging winners in the January draw of the Bank’s Get Alert in Millions savings promo, season 5 (GAIM 5).  The prizes were presented on...
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NGX Loses N281b Amid Profit-Taking On Dangote Cement
January 28, 2022 No Responses

NGX Loses N281b Amid Profit-Taking On Dangote Cement

The bears resurfaced at the nation’s bourse on Thursday as a result of profit taking in Dangote Cement and 17 other stocks.  Accordingly, the All-Share Index declined by 520.76 per cent or 1.12 per cent to close at 46,009.23 from...
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Access Bank `W’ Initiative Tasks Women Entrepreneurs On Insurance
January 28, 2022 No Responses

Access Bank `W’ Initiative Tasks Women Entrepreneurs On Insurance

The ‘W’ Initiative, a flagship women empowerment programme from Access Bank plc, has advised women to take advantage of the Bancassurance cover and be protected in the event of unforeseen eventualities.  The Group Head of `W’ Initiative, Mrs Abiodun...
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CBN Reduces Charges On Electronic Transactions
January 28, 2022 No Responses

CBN Reduces Charges On Electronic Transactions

The Central Bank of Nigeria (CBN) has announced a downward review of charges for electronic banking transactions in its revised guidelines to charges by Banks, Other Financial Institutions (OFIs) and Non-Bank Financial Institutions. A circular by Chibuzor...
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NGX Market Capitalisation Crosses N25trillion
January 27, 2022 No Responses

NGX Market Capitalisation Crosses N25trillion

Transactions on the nation’s bourse sustained positive momentum on Wednesday with the market capitalisation growing by N318 billion to cross over N25 trillion mark.   At the end of the day’s transaction, the market capitalisation rose b...
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DMO Lists $4b Oversubscribed Eurobond In FMDQ Exchange
January 27, 2022 No Responses

DMO Lists $4b Oversubscribed Eurobond In FMDQ Exchange

Debt Management Office (DMO) has listed its 2021 $4 billion Federal Government of Nigeria (FGN) Eurobonds on the FMDQ Group Securities Exchange.  This is in a bid to build investors’ confidence and also secure their investments.  The DMO revea...
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Fitch Affirms Ecobank Nigeria’s Stable Outlook
January 26, 2022 No Responses

Fitch Affirms Ecobank Nigeria’s Stable Outlook

Fitch Ratings has affirmed Ecobank Nigeria Limited’s (ENG) Long-Term Issuer Default Rating (IDR) at ‘B-‘ with a Stable Outlook. Fitch has simultaneously upgraded the bank’s National Short-Term Rating to ‘F2(nga)’ from ‘F3(...
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Emefiele: Food Prices Will Moderate In 2022
January 26, 2022 No Responses

Emefiele: Food Prices Will Moderate In 2022

The Central Bank of Nigeria (CBN) on Tuesday assured Nigerians that food prices would not accelerate the way people had anticipated in 2022.  The CBN Governor, Mr Godwin Emefiele, said this while answering questions from the press after presenting the...
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SEC: No Extension Of 2022 License Renewal Exercise After January 31
January 26, 2022 No Responses

SEC: No Extension Of 2022 License Renewal Exercise After January 31

The Securities and Exchange Commission (SEC) has warned Capital Market Operators (CMOS) and relevant stakeholders that the Jan 31 deadline for renewal of registration licence will not be extended.  SEC, in a circular posted on its website, said that ...
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Fidelity Bank Unveils Alert In Millions Season 5 Winners
January 24, 2022 No Responses

Fidelity Bank Unveils Alert In Millions Season 5 Winners

Fidelity Bank Plc has announced the second set of millionaires in its Get Alert in Millions Season 5 promo (GAIM 5). The event, held in Victoria Island, Lagos State was witnessed by representatives of regulatory organisations which include: Ms Oyinkan Kus...
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