Category: Capital Market/Banking

FirstBank Empowers Firstmonie Agents With N100b Loan
July 16, 2021 No Responses

FirstBank Empowers Firstmonie Agents With N100b Loan

First Bank of Nigeria Ltd has empowered Firstmonie agents with the sum of N100 billion through its agent credit scheme.  In a statement on Thursday, FirstBank Group Executive, e-Business & Retail Products,  Chuma Ezirim explained that the agent credit scheme was created by the Bank to...
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Fidelity Bank Unveils 7-Point Growth Agenda
July 11, 2021 No Responses

Fidelity Bank Unveils 7-Point Growth Agenda

By Moses Ebosele, ebosele@hotmail.com  — The management of Fidelity Bank Plc has unveiled seven-point agenda aimed at strategic growth and expansion.  In a statement on Saturday, the bank’s Chief Executive Officer/ Managing Direct...
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CBN Releases Supervisory Framework For Payment Service Banks
July 10, 2021 No Responses

CBN Releases Supervisory Framework For Payment Service Banks

The Central of Nigeria (CBN) has released the Guidelines for the Licensing and Regulation of Payment Service Banks (PSBs) in Nigeria. Information obtained in the apex bank’s website indicated that the guidelines was first issued in 2018 and revised in...
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Ecobank Renews Support For Nigerian Women In Business
July 9, 2021 No Responses

Ecobank Renews Support For Nigerian Women In Business

Ecobank Nigeria has launched “Ellevate”, a gender-based proposition for women-owned businesses to reduce gender inequality in entrepreneurship and aid equal representation for women in the formal business sector.   The Managing Director, Ecobank ...
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NGX Group Engages Analysts Ahead of Planned Listing
July 8, 2021 No Responses

NGX Group Engages Analysts Ahead of Planned Listing

Ahead of its planned listing by introduction on Nigerian Exchange Limited, NGX Group held an analyst call on Wednesday, 7 July 2021, where the Management of the Group and its entities provided key insights into the setup of the new...
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SEC Nigeria Issues Interoperability Framework Among CSDs
July 4, 2021 No Responses

SEC Nigeria Issues Interoperability Framework Among CSDs

As part of measures to enhance the efficiency of trading and settlement functions as well as align the market with international best practices,the Securities and Exchange Commission (SEC) has issued an Interoperability/Financial Markets Infrastructure Link Fr...
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FirstBank Pledges N5m Support To Lagos Rotary Club
July 4, 2021 No Responses

FirstBank Pledges N5m Support To Lagos Rotary Club

First Bank of Nigeria Ltd has pledged to support Rotary Club of Lagos intervention projects with the sum of five million naira.  The Chief Executive Officer of the bank, Dr Adesola Adeduntan, made the pledge at the induction of the...
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Coronation MB Lists N25B Bond On NGX
July 2, 2021 No Responses

Coronation MB Lists N25B Bond On NGX

Coronation Merchant Bank Funding SPV Plc listed its Twenty-Five Billion Naira (N25Bn) Bond on Nigerian Exchange (NGX) Limited on Wednesday, 30 June 2021.  The 5-year 6.25% Series one (1) Fixed Rate Subordinated Unsecured Bonds due 2025 is under Coronation...
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MasterCard Index Predicts 81% SMEs Growth In Africa, Middle East
June 28, 2021 No Responses

MasterCard Index Predicts 81% SMEs Growth In Africa, Middle East

MasterCard on Sunday announced that its latest research shows that Small and Medium Enterprise (SME) confidence in Middle East, North Africa (MENA) is on the rise.  It said the rise was after facing unprecedented changes in the wake of the...
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Access Bank CEO, Wigwe Emerges African Banker Of The Year
June 28, 2021 No Responses

Access Bank CEO, Wigwe Emerges African Banker Of The Year

The Group Managing Director/Chief Executive Officer of Access Bank Plc, Mr Herbert Wigwe, has been named as the African Banker of the Year for the second consecutive year.  A statement issued on Sunday explained that he was recognised at the 2021...
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FG Commends NGX On Capital Market Development
June 27, 2021 No Responses

FG Commends NGX On Capital Market Development

The Federal Government has commended the Nigerian Exchange (NGX) Limited for its efforts in ensuring that the Nigerian capital market (NCM) is deepened.   The Minister of Finance, Budget and National Planning, Dr. Zainab Ahmed, made the commendation ...
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At TAJBank’s AGM, Shareholders Laud Performance
June 25, 2021 No Responses

At TAJBank’s AGM, Shareholders Laud Performance

Shareholders of TAJBank Limited, Nigeria’s leading non-interest banking products and services provider, yesterday commended the board and management of the bank for its impressive performance in its first year of operations, promising continued commitment to...
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NCDMB, NEXIM Seal $30m Capital, Capacity Building Fund Agreement
June 24, 2021 No Responses

NCDMB, NEXIM Seal $30m Capital, Capacity Building Fund Agreement

The Nigeria Content Development and Monitoring Bank (NCDMB) and the Nigeria Export Import Bank (NEXIM) have signed agreement on 30 $30million Capital and  Capacity building Fund for the oil and gas sector servicing. Mr Simbi wabote, the Executive Secretar...
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Ecobank Nigeria Promotes 600 Staff, Recruits New Employees
June 22, 2021 No Responses

Ecobank Nigeria Promotes 600 Staff, Recruits New Employees

Ecobank Nigeria has announced the promotion of 682 staff effective May 1st, 2021 representing 26% of its core staff despite the impact of the COVID-19 pandemic and all the attendant impact on business performance globally.  This accord...
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