Category: Capital Market/Banking

CBN Releases Framework Against Cyber Attack
August 18, 2021 No Responses

CBN Releases Framework Against Cyber Attack

The Central Bank of Nigeria (CBN) on Tuesday released a framework to protect Other Financial Institutions (OFIs) against cyber-attack.  This was contained in a memo issued by Nkiru Asiegbu, CBN’s Director, Other Financial Institutions Supervision Department, addressed to the OFIs.  Asiegbu...
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Unity Bank Corpreneurship Challenge Produces 30 More Winners
August 17, 2021 No Responses

Unity Bank Corpreneurship Challenge Produces 30 More Winners

A total of thirty members of the National Youth Service Corps, NYSC, have won cash prizes and business grants totaling N10 million in the 6th edition of the expanded Unity Bank flagship business plan competition known as Corpreneurship Challenge.  &n...
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SEC Partners SON, Others On Commodities Trading Standards, To Clampdown On Illegal Capital Market Operators
August 14, 2021 No Responses

SEC Partners SON, Others On Commodities Trading Standards, To Clampdown On Illegal Capital Market Operators

As part of measures to ensure standards for commodities trading in Nigeria,  the Securities and Exchange Commission (SEC) has inaugurated a committee on agro-based standards.   Speaking at the second post-Capital Market Committee (CMC) virtual...
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Unclaimed Dividends Hit N170b
August 14, 2021 No Responses

Unclaimed Dividends Hit N170b

The Securities and Exchange Commission (SEC) on Friday said the total unclaimed dividends in the Nigerian capital market stood at N170 billion as of December 2020.  The Director-General, SEC, Mr Lamido Yuguda, said this at the second post-Capital Market C...
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Bankers Plan Digital Process For Forex Sales
August 13, 2021 No Responses

Bankers Plan Digital Process For Forex Sales

The Bankers’ committee has concluded plans to digitise sales of Foreign Exchange (Forex) across the country.   According to a member of the Bankers’ Committee Group, Mr. Segun Agbaje, who is the chief executive officer of Guaranty Trust Hold...
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Honey Well Flour, Wema Bank Top Gainers’ Table As Market Capitalisation Recovers N21b
August 13, 2021 No Responses

Honey Well Flour, Wema Bank Top Gainers’ Table As Market Capitalisation Recovers N21b

Transactions on the Nigerian Exchange (NGX) gained momentum on Thursday as the volume of shares traded increased by 214.29 percent with the index appreciating by 0.11 percent.   At the end of the day’s transactions,  investors traded...
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Access Bank Unveils DiamondXtra Season 13, To Reward Customers With N600m
August 13, 2021 No Responses

Access Bank Unveils DiamondXtra Season 13, To Reward Customers With N600m

Access Bank Plc on Thursday unveiled DiamondXtra Season 13 savings promo to reward loyal customers with N600 million.  The bank’s Executive Director, Retail Banking, Mr Victor Etuokwu, said at the launch in Lagos that the initiative was instituted to en...
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SEC Nigeria Collaborates With RIMAN To Deepen Capital Market
August 13, 2021 No Responses

SEC Nigeria Collaborates With RIMAN To Deepen Capital Market

The Securities and Exchange Commission (SEC) has expressed readiness to collaborate with the Risk Management Association of Nigeria (RIMAN) to deepen the capital market.  The Director-General of SEC, Mr Lamido Yuguda, stated this in his goodwill message a...
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Airtel Africa, Unity Bank Top Gainers’ Chart As NGX Gains N318b
August 11, 2021 No Responses

Airtel Africa, Unity Bank Top Gainers’ Chart As NGX Gains N318b

The Nigerian Exchange (NGX) on Tuesday gained N317billion due to buying investors interest in 21 stocks.   At the end of the day’s transactions, the market capitalisation rose by N317 billion to close at N20.411 trillion against N20.094 trillion re...
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Markets Remain Cautious Amid Delta Fears
August 11, 2021 No Responses

Markets Remain Cautious Amid Delta Fears

By Lukman Otunuga, Senior Research Analyst at FXTM — It may be a relatively quiet week for Nigerian markets due to the absence of Tier 1 economic reports. Nevertheless, the developments outside of Nigeria could impact sentiment ahead of the...
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CBN Releases Guidelines For Regulation, Supervision Of CGCs
August 11, 2021 No Responses

CBN Releases Guidelines For Regulation, Supervision Of CGCs

The Central Bank of Nigeria (CBN) on Tuesday released guidelines for registration and supervision of Credit Guarantee Companies (CGCs) in Nigeria.  The guidelines are contained in a circular by Ibrahim Tukur, CBN’s Director, Financial Policy and Re...
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How To Access N250b Gas Intervention Fund, By Ministry
August 9, 2021 No Responses

How To Access N250b Gas Intervention Fund, By Ministry

Investors must meet seven criteria to access the N250 billion intervention fund for gas value chain businesses.  Senior Technical Assistant to the Minister of State for Petroleum Resources, Chief Timipre Sylva, on gas and development, Ms Brenda Ataga list...
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FirstBank Lifts FirstMonie Agents With N100b Loan
August 9, 2021 No Responses

FirstBank Lifts FirstMonie Agents With N100b Loan

First Bank Nigeria has been at the forefront of promoting financial inclusion in the country, impacting Nigerians, regardless of their locations nationwide.   The Bank currently has over 120,000 Firstmonie Agents spread across 772 Local Government Ar...
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Heritage Bank Rolls Out Innovative Products For Schools, Alumni
August 9, 2021 No Responses

Heritage Bank Rolls Out Innovative Products For Schools, Alumni

Heritage Bank has rolled out products known as Acada School Portal Solution with the aim of adding value to the different levels in the educational sector; whilst making a new entrant into the financial sector with the unveiling of the...
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