Category: Capital Market/Banking

Ecobank Partners ICA, Pledges Support For Enhanced Credit Practice In Nigeria
December 24, 2021 No Responses

Ecobank Partners ICA, Pledges Support For Enhanced Credit Practice In Nigeria

The Managing Director, Ecobank Nigeria, Patrick Akinwuntan has stated the readiness of the bank to partner with the Institute of Credit Administration (ICA) to create a reliable and enhance credit practice in the country.    Speaking during an official visit of...
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Fidelity Bank Excites Ten Customers With N10m Across Six Geo-Political Zones
December 24, 2021 No Responses

Fidelity Bank Excites Ten Customers With N10m Across Six Geo-Political Zones

Christmas came early for Habib Isiaka, a Lagos-based panel beater–as he received the sum of N1million having emerged one of the 10winners in the first monthly draw in the Fidelity BankGet Alert in Millions Season 5 (GAIM 5) campaign.  Habib,...
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Unity Bank Bags NYSC Youth Empowerment Award
December 22, 2021 No Responses

Unity Bank Bags NYSC Youth Empowerment Award

In recognition of Unity Bank Plc’s contribution to the growth of entrepreneurship among Nigerian youths, the National Youth Service Corps, NYSC has named the lender “Icon of Youth Empowerment” in an award presented to the Bank during the Skills Acquisiti...
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Winners Emerge In Fidelity Bank’s GAIM Season 5 Draw
December 21, 2021 No Responses

Winners Emerge In Fidelity Bank’s GAIM Season 5 Draw

As part of measures to enhance savings culture, Fidelity Bank Plc has announced the first set of millionaires from its recently launched fifth season of its savings promo, “Get Alert in Millions (GAIM 5)”. Opening the live draw event, which...
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First Bank Unveils 2021 DecemberIssaVybe Campaign
December 19, 2021 No Responses

First Bank Unveils 2021 DecemberIssaVybe Campaign

In the spirit of providing enabling opportunities for families of its customers and other stakeholders to come together to celebrate, live better and achieve their dreams, FirstBank through its yearly DecemberIssaVybe campaign has unveiled the 2021 calend...
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Access Bank Shareholders Approve Holdco Structure
December 17, 2021 No Responses

Access Bank Shareholders Approve Holdco Structure

Shareholders of Access Bank Plc have unanimously approved the bank’s proposed reorganisation into a Holding Company (Holdco) to be known as Access Holding Plc.  The shareholders gave the approval at the bank’s Court- Ordered Meeting on Thursday in Lag...
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SEC Begins Regulatory Fee On Fixed Income Transactions Jan 1
December 17, 2021 No Responses

SEC Begins Regulatory Fee On Fixed Income Transactions Jan 1

The securities and Exchange Commission is to commence regulatory fee on fixed income (Bonds) secondary market transactions with effect from January 1, 2022.   This was contained in a Circular dated December 15, 2021 and signed by the Management of the S...
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Nigeria’s Green Bond Market Exceeds N55b
December 14, 2021 No Responses

Nigeria’s Green Bond Market Exceeds N55b

The value of Nigeria’s green bonds market has grown to N55.52 billion in four years, from 2017 to 2021, Nigerian Exchange (NGX) disclosed on Monday.  The Chief Executive Officer, NGX, Mr Temi Popoola, said this during the Sustainable Finance Training...
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Shareholders Seek Reduction In Banks’ Mandatory Cash Reserve Ratio
December 13, 2021 No Responses

Shareholders Seek Reduction In Banks’ Mandatory Cash Reserve Ratio

Members of Independence shareholders Association of Nigeria (ISAN) have criticised hike in banks’ mandatory Cash Reserve Ratio (CRR).   In a statement on Sunday, ISAN’s founder, Sir Sunny Nwosu, urged the Central Bank of Nigeria (CBN) to reduce t...
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First Bank Unveils Transact And Win Promo, Rewards Firstmonie Wallet Customers
December 13, 2021 No Responses

First Bank Unveils Transact And Win Promo, Rewards Firstmonie Wallet Customers

Users of Firstmonie Wallet, the mobile-friendly wallet application by FirstBank are in for an exciting time as they are being rewarded for their continued patronage of its services in a two-month campaign, tagged Transact and Win promo which started on...
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Ecobank Group Explains N104.51b Profit In Nine Months
December 9, 2021 No Responses

Ecobank Group Explains N104.51b Profit In Nine Months

For the nine months ended September 30, 2021, Ecobank Transnational Incorporated (ETI) has announced Profit after tax of  N104.51billiion, an increase of 916 per cent when compared with N10.28billion reported within same period in 2020. According to ...
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Nigerian Stock Market Sustains Growth By N217b
December 9, 2021 No Responses

Nigerian Stock Market Sustains Growth By N217b

Sentiments remained positive in the domestic stock market on Wednesday with a growth of N217 billion arising from price rally recorded by MTN Nigeria Communications (MTNN) and 19 other stocks.  Specifically, the market capitalisation inched higher by N217...
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How To Tackle Unclaimed Dividends Through Identity Management, By SEC DG
December 8, 2021 No Responses

How To Tackle Unclaimed Dividends Through Identity Management, By SEC DG

The Securities and Exchange Commission (SEC) has disclosed that the Commission is engaging relevant stakeholders in a bid to resolve issues of identity management which will assist in solving the rising unclaimed dividends in the capital market as well as...
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NGX Recovers N5b
December 8, 2021 No Responses

NGX Recovers N5b

The Nigerian stock market rebounded on Tuesday by five billion naira to halt six days consecutive bearish outing.  Specifically, the market capitalisation which opened at N21.920 trillion inched higher by five billion or 0.02 per cent to close at N21.925....
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