Category: Capital Market/Banking

NGX Drops Further By N12b
December 1, 2021 No Responses

NGX Drops Further By N12b

The Nigerian stock market ended trading for the month of November on Tuesday still on a bearish note with a loss of N12 billion.  Specificaly, the market capitalisation inched lower by N12 billion or 0.05 percent to close at N22.566...
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NGX Records N20b Loss
November 30, 2021 No Responses

NGX Records N20b Loss

Trading in the domestic equities market started the week on Monday with negative sentiments following sell pressure in 20 stocks.  Speficially, the market capitalisation which opened at N22.598 trillion lost N20 billion or 0.09 per cent to close at N22.57...
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First Bank Holds Non-Oil Export Webinar Series
November 30, 2021 No Responses

First Bank Holds Non-Oil Export Webinar Series

First Bank of Nigeria Limited, Nigeria’s premier and leading financial inclusion services provider, has announced the convening of its non-oil export webinar series.    A statement sent to City Business News explained that the event is centere...
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SEC Warns Quoted Firms To Desist From Selective Dividend Payments
November 28, 2021 No Responses

SEC Warns Quoted Firms To Desist From Selective Dividend Payments

The Director-General, Securities and Exchange Commission (SEC) has warned quoted companies and capital market registrars to desist from selective payments and distribution of dividends.   Yuguda stated this in his keynote address on Saturday at the Insti...
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Ecobank Secures €100m Credit Facility From EIB
November 25, 2021 No Responses

Ecobank Secures €100m Credit Facility From EIB

By Moses Ebosele, ebosele@hotmail.com   Ecobank Group has signed €100 million credit facility with the European Investment Bank (EIB).    A statement explained that the six year facility affirms joint Ecobank Group and EIB targe...
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Minister Urges Capital Market Investors To Take Advantage of Master Plan Initiatives
November 25, 2021 No Responses

Minister Urges Capital Market Investors To Take Advantage of Master Plan Initiatives

Investors in the capital market have been urged to take advantage of initiatives introduced in the capital market which are aimed primarily at strengthening the market and accelerating development.  Minister of Finance, Budget and National Planning, Mrs Z...
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Unity Bank Targets Women, Unveils Yanga Account
November 24, 2021 No Responses

Unity Bank Targets Women, Unveils Yanga Account

As part of measures to demonstrate increased commitment towards promoting financial inclusion and women empowerment, Nigeria’s retail lender, Unity Bank Plc has launched Yanga Account, a new retail product designed to deepen beneficial impact on Micro S...
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CBN Retains MPR At 11.5%, Other Parameters Remain Constant
November 23, 2021 No Responses

CBN Retains MPR At 11.5%, Other Parameters Remain Constant

The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) on Tuesday voted to hold the Monetary Policy Rate (MPR) at 11.5 percent for the umpteenth time.  Reading a communiqué after the committee’s 282nd meeting on Tuesday, Mr...
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Access Bank Partners SME.NG, BOI, Others To Unveil Ebi Marketplace
November 23, 2021 No Responses

Access Bank Partners SME.NG, BOI, Others To Unveil Ebi Marketplace

Access Bank Plc has partnered SME.NG, the Bank of Industry (BOI), LAPO Microfinance Bank, Chapel Hill Denham and the Impact Investment Foundation Nigeria to launch the Ebi Marketplace.   Ebi Marketplace is a Nigerian innovation for female entrepreneurs, ...
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Financial Inclusion Through Technology To Take Centre Stage At 2021 CAMCAN Workshop
November 23, 2021 No Responses

Financial Inclusion Through Technology To Take Centre Stage At 2021 CAMCAN Workshop

The Capital Market Correspondents Association of Nigeria  (CAMCAN) has concluded plans to hold its 2021 annual workshop, a strategic forum to articulate issues that can move the Nigerian capital market and economy forward.  This year’s workshop sch...
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FMDQ Admits Valency Agro’s N7.24b Commercial Papers
November 23, 2021 No Responses

FMDQ Admits Valency Agro’s N7.24b Commercial Papers

FMDQ Securities Exchange has approved for quotation the Valency Agro Nigeria Ltd. series two and three N4.57 billion and N2.67 billion Commercial Papers (CPs) on its platform.  In a statement on Monday, FMDQ explained that the admission was under the com...
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Fidelity Bank Restates Commitment To Excellence With Fidelity For You Campaign
November 23, 2021 No Responses

Fidelity Bank Restates Commitment To Excellence With Fidelity For You Campaign

Coming on the heels of several auspicious announcements, frontline tier-two lender, Fidelity Bank Plc, has launched a new thematic campaign set to help it demonstrate its devotion to customers. The campaign themed Fidelity for You, broke across several media o...
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NPA Declares N256.28b Revenue In Nine Months
November 20, 2021 No Responses

NPA Declares N256.28b Revenue In Nine Months

Between January and September 2021, Nigerian Ports Authority (NPA) attained N256.28billion revenue as against the expected N214.65billion. Acting Managing Director of NPA, Mohammed Bello Koko, in documents presented to the House of Representatives Committee on...
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SEC, SON Sensitize Stakeholders On Benefits Of Commodities Exchanges
November 19, 2021 No Responses

SEC, SON Sensitize Stakeholders On Benefits Of Commodities Exchanges

Commodities Exchanges has been described as critical to enabling investment diversification, risk management, price discovery and transactional efficiency which will, in turn, create jobs and facilitate economic development among other benefits.  The Director...
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