Category: Capital Market/Banking

Afreximbank Seeks Harmonisation Of African Automotive Standards
June 10, 2021 No Responses

Afreximbank Seeks Harmonisation Of African Automotive Standards

African Export-Import Bank (Afreximbank) is supporting the African Organisation for Standardisation (ARSO) to harmonise standards in the automotive sector in Africa in order to facilitate an accelerated development of the sector across the continent. The harmonised standards are to be...
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Okomu Oil, Learn Africa Top Gainers’ Table As Nigerian Stock Market Recovers N102b
June 9, 2021 No Responses

Okomu Oil, Learn Africa Top Gainers’ Table As Nigerian Stock Market Recovers N102b

Transaction on the Nigerian stock market returned to positive territory on Tuesday with investors’ net worth appreciating by N102 billion.  The bullish performance was due to investors’ buy interest in industrial goods, consumer goods and oil & ga...
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ETI To Raise $300m From Capital Market
June 8, 2021 No Responses

ETI To Raise $300m From Capital Market

Ecobank Transnational Incorporated (ETI) Plc has announced plans to raise $300million from the International Debt Capital Markets (IDCM), through the issuance of tier 2 qualifying sustainability notes.  Ms Adenike Laoye, Group Head, Corporate Communicatio...
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CBN Increases Forex Allocation To Banks
June 7, 2021 No Responses

CBN Increases Forex Allocation To Banks

The Central Bank of Nigeria (CBN) has concluded plans to increase the amount of foreign exchange allocated to banks to meet the requests of customers. This particularly relates to requests of travelers seeking foreign exchange for travel allowances, payment of...
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Ecobank Nigeria Appoints New Head Of Marketing And Corporate Communications
June 7, 2021 No Responses

Ecobank Nigeria Appoints New Head Of Marketing And Corporate Communications

Ecobank Nigeria has announced the appointment of  Mr. Babajide Sipe to Head the Marketing and Corporate Communications department.   In a statement sens to City BusinessNews online, Ecobank Nigeria said: “ An experienced Marketing & B...
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Nigeria’s Total Trade Hits N9.75trillion
June 6, 2021 No Responses

Nigeria’s Total Trade Hits N9.75trillion

Nigeria’s total merchandise trade stood at N9.757 trillion representing 6.99 per cent increase in the first quarter  of 2021(Q1),  the National Bureau of Statistics (NBS) has disclosed.   The bureau explained the developmen...
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FMDQ Admits Union Bank N34.96b CPs
June 3, 2021 No Responses

FMDQ Admits Union Bank N34.96b CPs

FMDQ Securities Exchange Ltd on Wednesday approved the quotation of Union Bank of Nigeria Plc N2.58 billion Series 8 and N32.38 billion Series 9 Commercial Papers (CPs).  The Chief Executive Officer of the Bank, Mr Emeka Okonkwo, in a statement...
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First Bank: Our South East Branches Are Fully Open For Business
June 3, 2021 No Responses

First Bank: Our South East Branches Are Fully Open For Business

First Bank of Nigeria Limited (FirstBank) has reiterated that all its South East branches are fully open for business activities.  A statement issued by  Folake Ani-Mumuney, Group Head, Marketing & Corporate Communications said:“This is to...
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Polaris Bank Highlights Digital Banking Platform Benefits
June 3, 2021 No Responses

Polaris Bank Highlights Digital Banking Platform Benefits

By  citybusinessnews@yahoo.com — Polaris Bank has restated that its newly-launched digital banking platform, VULTe, is a quick self-service innovation aimed at delivering greater value and benefits to existing and new customers of the Bank. The Chief D...
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NGX Opens Trading In June With N12b Loss
June 2, 2021 No Responses

NGX Opens Trading In June With N12b Loss

Sentiments on the nation’s bourse turned negative on Tuesday closing the first trading session in June with a loss of N12 billion, amid losses in Seplat and 16 others.  Consequently, the market capitalisation which opened for the month at N20.034...
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MRS Oil, Vitafoam Top Gainers’ Table As Investors Earn N94b On NGX
June 1, 2021 No Responses

MRS Oil, Vitafoam Top Gainers’ Table As Investors Earn N94b On NGX

Transactions on the Nigerian Exchange (NGX) closed Monday upbeat with a N94 billion growth.  Specifically, the market capitalisation returned to the N20 trillion mark, increasing by N94 billion to close at N20.034 trillion from N19.940 trillion on Friday....
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Fidelity Bank Rewards 62 SWEETA Holders With N150, 000 Each
June 1, 2021 No Responses

Fidelity Bank Rewards 62 SWEETA Holders With N150, 000 Each

To mark this year’s Children’s Day, Fidelity Bank Plc doled out N150, 000 to 62 Sweet Account (SWEETA) holders across the country, amounting to whopping total of N9.3 million.      Under the auspices of the loyalty scheme, the bank...
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First Bank CEO Wins 2020 Banker Of The Year Award
May 31, 2021 No Responses

First Bank CEO Wins 2020 Banker Of The Year Award

By citybusinessnews@yahoo.com  —  The Managing Director /Chief Executive Officer of First bank Ltd, Dr Adesola Adeduntan, has emerged winner of Champion Newspapers  2020 Banker of the year award.   Also in the corporate award category,...
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Again, FirstBank Clinches 2nd Most Admired Financial Services Brand In Africa
May 30, 2021 No Responses

Again, FirstBank Clinches 2nd Most Admired Financial Services Brand In Africa

By citybusinessnews@yahoo.com — For the second consecutive year, First Bank of Nigeria Ltd has been ranked the second ‘Most Admired Financial Services Brand’ in Africa,.  In a statement on Saturday, the Chief Executive Officer of the bank, Dr A...
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