Category: Capital Market/Banking

Ecobank Unveils Top Finalists For 2024 Fintech Challenge
August 17, 2024 No Responses

Ecobank Unveils Top Finalists For 2024 Fintech Challenge

Ecobank has announced the top finalists for the first-ever and inaugural 2024 Ecobank Fintech Challenge Hybrid Semi-Final event held at the Ecobank Pan African Centre in Lagos, Nigeria. According to Ecobank, the finalists were selected from a cohort of 40...
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ACCESS Holdings Plc Extends Rights Issues Acceptance To August 24
August 15, 2024 No Responses

ACCESS Holdings Plc Extends Rights Issues Acceptance To August 24

Following the approval of the Securities & Exchange Commission (SEC), Access Holdings Plc has extended the acceptance period for its ongoing Rights Issue to August 23, 2024. It was initially scheduled to close on August 14, 2024. A statement signed...
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DMO Offers Two FG Savings Bonds For Subscription
August 13, 2024 No Responses

DMO Offers Two FG Savings Bonds For Subscription

The Debt Management Office (DMO) has offered two Federal Government of Nigeria (FGN) savings bonds for subscription at N1,000 per unit. According to a statement by the DMO on Monday, the first offer is a two-year FGN savings bond due...
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CBN Approves Merger Of Unity, Providus Banks
August 7, 2024 No Responses

CBN Approves Merger Of Unity, Providus Banks

The Central Bank of Nigeria (CBN) has approved the merger between Unity Bank Plc and Providus Bank Limited. In a statement on Tuesday, CBN through its acting Director of Corporate Communications, Hakama Sidi-Ali, explained that the move is designed to...
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Capital Market Investors Recover N219b
August 3, 2024 No Responses

Capital Market Investors Recover N219b

The equity market rebounded on Friday with N219 billion gain, closing the week’s trading sessions on a positive note in spite of the nationwide protests. The major drivers of the market’s positive performance included Zenith Bank, Access Corporation, Fidel...
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Shareholders Lose N235bAmidst Nationwide Protest
August 2, 2024 No Responses

Shareholders Lose N235bAmidst Nationwide Protest

The Nigerian stock market on Thursday, August 1, 2024, lost N235 billion in value amid cautious investor sentiment triggered by ongoing nationwide protest. At the end of the day’s transactions, the market capitalisation reduced to N55.278 trillion from an op...
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VFD Group Declares N3.11b Profit for H1 2024
July 31, 2024 No Responses

VFD Group Declares N3.11b Profit for H1 2024

VFD Group Plc has announced its unaudited financial results for the first half of the year 2024.The Group reported a profit after tax of N3.11 billion, demonstrating strong financial performance and resilience in a challenging economic landscape.Group’s tota...
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Access Bank Revamps QuickBucks, Disburses N740b Digital Loans in Seven Years
July 30, 2024 No Responses

Access Bank Revamps QuickBucks, Disburses N740b Digital Loans in Seven Years

Access Bank has revamped its digital loan platform ’QuickBucks’, to boost lending across Nigerian consumers.The bank said customers can access the bank’s digital loans for businesses, vehicle financing, school fees payment, among others. QuickBucks Loans...
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CBN Allocates Another $148m To Authorised Dealers
July 28, 2024 No Responses

CBN Allocates Another $148m To Authorised Dealers

The Central Bank of Nigeria has sold a cumulative amount of $148m to authorised dealers in the Nigerian Foreign Exchange Market (NFEM), to provide liquidity to the foreign exchange market. Acting Director of the Corporate Communications Department, Hakama Ali,...
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Again, CBN Raises Interest Rate
July 24, 2024 No Responses

Again, CBN Raises Interest Rate

The Central Bank of Nigeria (CBN) has again raised the Monetary Policy Rate (MPR), which measures interest rates by 50 basis points, from 26.25% to 26.75%. CBN Governor, Olayemi Cardoso, announced this after the apex bank’s 296th Monetary Policy Committee...
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Seplat Energy Canvasses Prudent Management Of Oil, Gas Assets
July 22, 2024 No Responses

Seplat Energy Canvasses Prudent Management Of Oil, Gas Assets

Seplat Energy Plc has  called for prudent management of oil and gas assets in Nigeria in the country’s quest to drive growth in the energy sector and encourage expansion. The Chief Executive Officer, Seplat Energy, Mr. Roger Brown, gave t...
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Seplat Energy Concludes Media Training For  Editors, Correspondents
July 22, 2024 No Responses

Seplat Energy Concludes Media Training For  Editors, Correspondents

Seplat Energy Plc has concluded the second phase of its media training programme for journalists and media practitioners in Nigeria.   The second phase of the programme covers forty-five (45) Capital Market Editors/Correspondents as well as some Judi...
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Zenith Bank Retains Position As Nigeria’s Number One Bank By Tier-1 Capital For Fifteen Consecutive Years
July 22, 2024 No Responses

Zenith Bank Retains Position As Nigeria’s Number One Bank By Tier-1 Capital For Fifteen Consecutive Years

  For the fifteenth consecutive year, Zenith Bank Plc has retained its position as the Number One Bank in Nigeria by Tier-1 Capital in the 2024 Top 1000 World Banks’ Rankings, published by The Banker Magazine.    This ranking places...
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CBN Allocates $106.5m To 29 FX Dealer Banks
July 20, 2024 No Responses

CBN Allocates $106.5m To 29 FX Dealer Banks

The Central Bank of Nigeria (CBN) has announced the sale of $106.5 million as foreign exchange (FX) to 29 FX dealer banks.  In a statement issued on Friday by Dr Omolara Omotunde Duke, Director, Financial Markets Department, it was disclosed...
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