Category: Capital Market/Banking

CBN Partners Bitt Inc On eNaira
August 31, 2021 No Responses

CBN Partners Bitt Inc On eNaira

The Central Bank of Nigeria (CBN)  has announced the formal engagement of the global Fintech Company, Bitt Inc. as the Technical Partner for its digital currency, eNaira.   Director, Corporate Communications of the Bank, Mr Osita Nwanisobi in a statement on Monday...
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Zenith Bank’s Profit Grows By 2.6% In Six Months
August 28, 2021 No Responses

Zenith Bank’s Profit Grows By 2.6% In Six Months

Zenith Bank Plc has posted a profit before tax (PBT) of N117.05 billion for six months as of June 30, against N114.12 billion achieved in the comparative period of 2020.  This was stated in the company’s interim report signed by...
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CBN’s Approval Delays Stanbic IBTC H1 Result
August 25, 2021 No Responses

CBN’s Approval Delays Stanbic IBTC H1 Result

Stanbic IBTC Holdings Plc on Tuesday explained the delay in the release of its half-year audited result for the period ended July 31, 2021.  Company Secretary, Mr Chidi Okezie in a notice posted on the website of the Nigerian Exchange...
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NGX Group Commemorates 60th Anniversary
August 25, 2021 No Responses

NGX Group Commemorates 60th Anniversary

The Nigerian Exchange Group (NGX Group) Plc on Tuesday celebrated 60 years of its operations.  The NGX Group Chairman, Otunba Abimbola Ogunbanjo, in a statement, paid tribute to the original subscribers to the articles of association.  He named them as;....
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World’s 10 Largest Stock Exchanges Record $12trillion Flows In 2021 Half-Year
August 24, 2021 No Responses

World’s 10 Largest Stock Exchanges Record $12trillion Flows In 2021 Half-Year

The stock market is building momentum and attracting more investors after recording historical dips in the previous year.   Indeed, within the first half of 2021, leading global exchanges have witnessed their market capitalization grow by trillions o...
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FirstBank Boosts SMEs With N500,000
August 22, 2021 No Responses

FirstBank Boosts SMEs With N500,000

FirstBank of Nigeria on Sunday announced a N500,000 business grant to five Small and Medium Enterprises (SMEs), through its SMEConnect initiative aimed at boosting employment. Group Head, Retail Banking, Lagos Mainland 1, FirstBank, Mrs Oludolapo Adigun,  li...
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SEC, CIS, Harp On Resilient Capital Market
August 20, 2021 No Responses

SEC, CIS, Harp On Resilient Capital Market

The Securities and Exchange Commission has expressed the need for the capital market to be strengthened to accelerate domestic production and employment given the direct correlation between the increase in production and job creation.    To achieve this...
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SEC Seeks Collaboration On Dispute Resolution In Capital Market
August 19, 2021 No Responses

SEC Seeks Collaboration On Dispute Resolution In Capital Market

The Securities and Exchange Commission has expressed its readiness to collaborate with relevant Alternative Dispute Resolution professionals as a means to ensuring effective dispute resolution in the capital market.  Director-General of the SEC, Mr. Lamid...
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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 D...
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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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