Category: Capital Market/Banking

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 targeted support for business investment across Africa, with particular...
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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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NGX Outlines Benefits Of Special Purpose Acquisition Firms
November 18, 2021 No Responses

NGX Outlines Benefits Of Special Purpose Acquisition Firms

The Nigerian Exchange Ltd (NGX) has identified the Special Acquisition Compaines (SPACs) as a timely solution that will offer an alternative route to increasing the number of listings in the capital market.  The Head, Listing Business of the NGX, Mr...
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Ardova Completes N25.3b Series 1 Bond
November 17, 2021 No Responses

Ardova Completes N25.3b Series 1 Bond

Ardova Plc (AP) has successfully completed the N25.3billion Series 1 Fixed Rate Senior Unsecured Bond issue under its N60 billion debt issuance programme.  Chief Executive Officer of AP,  Mr Olumide Adeosun,in a statement on Wednesday explained that the ...
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NGX Tasks Investors On Portfolio Diversification
November 17, 2021 No Responses

NGX Tasks Investors On Portfolio Diversification

The Nigerian Exchange Ltd (NGX) has stressed the need for diversification of portfolios by investors to ensure enhanced return on investment.  The Divisional Head, Trading Business, NGX, Mr Jude Chiemeka, said this at the Retail Investors workshop organis...
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FCCPC, CBN, EFCC, Others To Investigate Rights Violation In Money Lending
November 16, 2021 No Responses

FCCPC, CBN, EFCC, Others To Investigate Rights Violation In Money Lending

The Federal Competition and Consumer Protection Commission (FCCPC), the Central Bank of Nigeria (CBN) and the Economic Financial Crimes Commission (EFCC) have commenced rights violation investigation into the money lending industry.  A document signed by ...
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