Category: Capital Market/Banking

Wema Bank Floats N40b Rights Issue
August 7, 2021 No Responses

Wema Bank Floats N40b Rights Issue

Barring unforeseen circumstances, Wema Bank Plc capital raising exercise of N40 billion will hit the market in September 2021. The bank’s Deputy Managing Director, Mr Moruf Oseni, said this at the company’s Half Year 2021 investors/analysts presentation on Friday in...
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Onyema: Demutualisation Will Reduce Conflict Of Interests
August 7, 2021 No Responses

Onyema: Demutualisation Will Reduce Conflict Of Interests

The Group Chief Executive Officer, Nigeria Exchange Group Plc, Mr Oscar Onyema, has said demutualisation will reduce conflict of interests in the shareholder-owned entity and support agile decision-making.  Onyema said this at the Association of Capital M...
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Access Bank Drives Financial Inclusion with 74,000 Closa Agents
August 7, 2021 No Responses

Access Bank Drives Financial Inclusion with 74,000 Closa Agents

Access Bank Plc has equipped 74,000 Access Closa agents to provide financial services to customers across the country, to drive financial inclusion.  Mr Robert Giles, Senior Banking Advisor, Retail, Access Bank, made this known in a statement on Friday in...
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CBN: Banks Refunded N89b To Customers In June
August 5, 2021 No Responses

CBN: Banks Refunded N89b To Customers In June

The Governor of the Central Bank of Nigeria (CBN), Dr Godwin Emefiele, on Thursday disclosed that at the end of June 2021, commercial banks in Nigeria refunded N89.2 billion to customers over complaints.  Emefiele made the disclosure during a CBN...
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SEC: Securities Issuers Forum will aid market Development
August 5, 2021 No Responses

SEC: Securities Issuers Forum will aid market Development

The Director-General, Securities and Exchange Commission (SEC), Mr Lamido Yuguda, has expressed optimism that the Securities Issuers Forum (SIF) will aid the development of the capital market and the economy.  Yuguda made the assertion in his opening address ...
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Unity Bank Unveils New Code On USSD Platform
August 4, 2021 No Responses

Unity Bank Unveils New Code On USSD Platform

In a bid to safeguard its e-banking platforms with enhanced safety and security features, Unity Bank Plc has unveiled a new code on its USSD platform that completely puts the customer in control of his Bank Account against any e-Banking...
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CBN Releases Guidelines For Payment Service Holding Companies
August 4, 2021 No Responses

CBN Releases Guidelines For Payment Service Holding Companies

The Central Bank of Nigeria (CBN) on Tuesday released guidelines for the establishment and regulation of Payments Service Holding Companies (PSHCs) in Nigeria.  A circular issued by Mr Musa Jimoh, CBN’s Director, Payments System Management Department in...
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Banks Comply With CBN FOREX Directive, Sell Dollar At N412
August 2, 2021 No Responses

Banks Comply With CBN FOREX Directive, Sell Dollar At N412

In compliance with the new Foreign Exchange (FX) regulation by the Central Bank of Nigeria (CBN), commercial banks in Abuja have set up dedicated teller points for FX transactions in their branches.  The News Agency of Nigeria (NAN) recalls that...
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Dangote Cement Declares N191.6b Profit In Six Months
August 2, 2021 No Responses

Dangote Cement Declares N191.6b Profit In Six Months

The Dangote Cement, has posted a Profit After Tax (PAT) of N191.6 billion, after a tax charge of N89.6 billion in its unaudited results for the half-year ending on June 30.  In a statement on Sunday, the Group Managing Director,  Mr...
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Zenith Bank Boss Canvasses Increased Impact Investing In Africa
August 2, 2021 No Responses

Zenith Bank Boss Canvasses Increased Impact Investing In Africa

Group Managing Director/Chief Executive Officer, Zenith Bank Plc, Mr Ebenezer Onyeagwu, has called for increased impact investing in Africa, to enable the continent to achieve its full potentials.  A statement issued on Sunday explained that  Onyeag...
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Half-Year: Seplat Posts $308.8 m Revenue, Declares 2.5 Cents Per Share Interim Dividend
August 2, 2021 No Responses

Half-Year: Seplat Posts $308.8 m Revenue, Declares 2.5 Cents Per Share Interim Dividend

Seplat Energy Plc recorded an impressive half year (H1) 2021 scorecard with profit before deferred tax (PBT) of $62.1million, representing an increase of 142.7percent as against H1’20. Highlights of the company’s financial further show that revenu...
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FBN Holdings posts N38.1b Profit In Half-Year
July 31, 2021 No Responses

FBN Holdings posts N38.1b Profit In Half-Year

For the half year ended June 30, 2021, FBN Holdings Plc has declared  Profit after tax (PAT) of N38.1 billion against N35.6 billion posted in the corresponding period of 2020, indicating an increase of 6.9 per cent.   In a statement...
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Unity Bank Declares N23b Gross Earnings In Half-Year
July 31, 2021 No Responses

Unity Bank Declares N23b Gross Earnings In Half-Year

Nigeria’s retail lender, Unity Bank Plc has declared half-year result posting gross earnings of 23.6 billion Naira, which is a 3% increase compared with the corresponding period of 2020. A review of the unaudited half year result (H1’2021) released to...
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CBN To Refund N35m Capital Deposits To Bureaux de Change Applicants
July 30, 2021 No Responses

CBN To Refund N35m Capital Deposits To Bureaux de Change Applicants

The Central Bank of Nigeria (CBN) on Thursday says it will start immediate refund of capital deposit to Bureaux de Change (BDC) promoters with pending applications.  According to a circular signed by Ibrahim Tukur for the Director, Financial Policy and...
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