Category: Capital Market/Banking

Ecobank, Future Face Africa Begin Model Search
September 26, 2021 No Responses

Ecobank, Future Face Africa Begin Model Search

Ecobank Nigeria has entered into partnership with Future Face of Africa for a new talent search “that will be the largest scouting competition Africa has ever seen”.  A statement explained that Future Face will focus on new talents, both male...
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At FICAN Conference, Emefiele Harps On Infrastructure Development
September 26, 2021 No Responses

At FICAN Conference, Emefiele Harps On Infrastructure Development

The Federal Government needs about S$100 billion annually to address the nation’s infrastructure deficit, Governor of the Central Bank of Nigeria (CBN), Mr Godwin Emefiele, reiterated on Saturday in Lagos.   Speaking at the 30th Anniversary Confere...
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FBN Holdings Boss, Ex NSIA CEO, Others Win 2020 Zik Prize
September 24, 2021 No Responses

FBN Holdings Boss, Ex NSIA CEO, Others Win 2020 Zik Prize

The Group Managing Director, FBN Holdings Plc, U.K. Eke and the pioneer Managing Director /Chief Executive Officer, Nigeria Sovereign Investment Authority (NSIA), Mr. Uche Orji on Thursday emerged winners of 2020 Zik Prize in the Professional Leadership catego...
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Cryptocurrencies In Circulation Exceed 5,000 In 12 Months
September 23, 2021 No Responses

Cryptocurrencies In Circulation Exceed 5,000 In 12 Months

The cryptocurrency sector is still growing, attracting more investors aiming to leverage various benefits of the industry.    Additionally, the number of new cryptocurrencies joining the market is also accelerating as creators seek to leverage t...
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Ecobank Nigeria MD Makes Case For Eurobond Market
September 22, 2021 No Responses

Ecobank Nigeria MD Makes Case For Eurobond Market

The Managing Director, Ecobank Nigeria, Patrick Akinwuntan has described Federal Government’s plan for a Eurobond issuance in the International Capital Market (ICM) as a step in the right direction, stressing that the fundamentals and potentials of...
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SEC Commences 100% Custody Requirement In CIS
September 20, 2021 No Responses

SEC Commences 100% Custody Requirement In CIS

As part of measures to protect investors, the Securities and Exchange Commission (SEC) has commenced implementation of 100 percent custody requirement in the Collective Investment Schemes (CIS) sector   In a statement on Sunday, the Director-General, Lami...
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Ariyo Canvasses Support For CBN’s e-Naira Initiative
September 19, 2021 No Responses

Ariyo Canvasses Support For CBN’s e-Naira Initiative

A Fintech expert in Ibadan, Oyo State, Mr Olukayode Ariyo, has lauded the e-money initiative of the Central Bank of Nigeria, urging entrepreneurs to key into the new technology for profitability.  Ariyo, the keynote speaker and Managing Director, Global A...
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CBN, NDIC, UBA, Unity Bank, Heritage Bank, Others Support FICAN At 30
September 19, 2021 No Responses

CBN, NDIC, UBA, Unity Bank, Heritage Bank, Others Support FICAN At 30

Banking and Finance stakeholders are set to converge at the 2021 Annual Conference and 30th-anniversary celebration of the Finance Correspondents Association of Nigeria (FICAN). The Nigeria Deposit Insurance Corporation (NDIC) Securities and Exchange Commissi...
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Union Bank Appoints Aisha Abubakar Non-Executive Director
September 17, 2021 No Responses

Union Bank Appoints Aisha Abubakar Non-Executive Director

The Board of Directors, Union Bank of Nigeria has announced the appointment of Ms Aisha Abubakar as an Independent Non-Executive Director, effective Sept. 9., 2021  The Chair, Board of Directors, Mrs Beatrice Hamza Bassey, disclosed in a notice posted on....
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UBA’s Half-Year Profit Grows By 33% To N76.2b
September 15, 2021 No Responses

UBA’s Half-Year Profit Grows By 33% To N76.2b

The United Bank for Africa (UBA) Plc has announced its audited half-year financial results for the half-year ended June 30, 2021, showing impressive growth across all major income lines and performance indicators.  The pan African financial institution deliv...
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FirstBank Gets Global Finance Award
September 14, 2021 No Responses

FirstBank Gets Global Finance Award

First Bank of Nigeria Ltd has won the Global Finance ‘Private Bank of the Year 2021’ award.  The Deputy Managing Director of the bank, Mr Gbenga Shobo,  in a statement on Monday explained that the bank was bestowed the award...
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Fidelity Bank Grows PBT by 72.4% In Six Months
September 13, 2021 No Responses

Fidelity Bank Grows PBT by 72.4% In Six Months

Fidelity Bank Plc has posted a profit before tax (PBT) of N20.6 billion for the six months ended June 30, 2021. The Managing Director/Chief Executive Officer of Fidelity Bank, Mrs Nneka Onyeali-Ikpe, disclosed this in the bank’s audited half-year (H1)...
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Oscar Onyema, Nine Others Join WFE Board
September 10, 2021 No Responses

Oscar Onyema, Nine Others Join WFE Board

The World Federation of Exchanges (WFE) on Thursday elected ten Directors of the Board, including a new Chairman, Vice Chairman and Working Committee Chairman at the 60th General Assembly.  Elected Board of Directors, according to a st...
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CBN Tasks Banks, Others On Bulk Payment
September 9, 2021 No Responses

CBN Tasks Banks, Others On Bulk Payment

The Central Bank of Nigeria (CBN) has directed commercial banks and Payment Service Providers (PSPs) in the country to improve on all bulk payments and transfers systems to ensure transparency.  Mr Jimoh Musa, CBN’s Director, Payment System Management D...
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