Category: Capital Market/Banking

TAJBank Opens Three New Branches In Abuja
May 27, 2021 No Responses

TAJBank Opens Three New Branches In Abuja

TAJBank has opened three new branches in Abuja in furtherance with its sustained drive to deepen financial inclusion and offer stress-free innovative financial services to its growing customers nationwide. Speaking during the opening ceremony of the technology-powered branches, the bank’s...
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Minister Lauds Ecobank’s N100b Support To MSMEs
May 25, 2021 No Responses

Minister Lauds Ecobank’s N100b Support To MSMEs

The Minister of State, Ministry of Industry, Trade & Investment, Ambassador Mariam Yelwaji Katagum has commended Ecobank Nigeria’s massive support and sustained commitment in providing credit to entrepreneurs and small businesses in the country. &nb...
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SEC Nigeria Adopts Sustainable Finance Guidelines For CMOs
May 24, 2021 No Responses

SEC Nigeria Adopts Sustainable Finance Guidelines For CMOs

The Securities and Exchange Commission (SEC) has adopted the Nigerian Sustainable Finance Principles (NSFP) which was developed by the Financial Services Regulation Coordinating Committee (FSRCC) for Capital Market Operators (CMOs).   A statemen...
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FirstBank Shines In Global Banking, Finance Awards
May 24, 2021 No Responses

FirstBank Shines In Global Banking, Finance Awards

First Bank of Nigeria Ltd., has been awarded the 2021 ‘Retail Banking CEO of the Year Nigeria’; ‘Most innovative Retail Banking App Nigeria’ and ‘’Best CSR Bank Nigeria.’’  In a statement issued on Sunday, Dr Adesola Adeduntan, Chief Execu...
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Me Cure Industries Lists N3b Bond On NGX
May 23, 2021 No Responses

Me Cure Industries Lists N3b Bond On NGX

By citybusinessnews@yahoo.com — Me Cure Industries Limited commemorated the listing of its N3Billion bond with a digital Closing Gong Ceremony on Nigerian Exchange (NGX) Limited on Friday, 21 May 2021.  The debut listing was the ₦3 billion 5...
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Seplat’s Shareholders Get $344m Dividend In Eight Years
May 21, 2021 No Responses

Seplat’s Shareholders Get $344m Dividend In Eight Years

By citybusinessnews@yahoo.com — Seplat Petroleum Development Company Plc, a leading Nigerian independent energy company listed on both the Nigerian Exchange (NGX) and the London Stock Exchange (LSE), on Thursday held its 8th Annual General Meeting (AGM)...
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Investors Lose N148b As ABC Transport Top Gainers’ Table
May 19, 2021 No Responses

Investors Lose N148b As ABC Transport Top Gainers’ Table

The Nigerian Exchange (NGX) market capitalisation dropped further by N148 billion, extending bearish run to two consecutive trading sessions.  Specifically, the market capitalisation which opened at N20.487 trillion shed N148 billion or 0.72 per cent to c...
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Lagos Cooperatives Capital Base Increases To N33b
May 18, 2021 No Responses

Lagos Cooperatives Capital Base Increases To N33b

The Lagos State Commissioner for Commerce, Industry and Cooperatives, Mrs Lola Akande, has disclosed that the cooperative service capital base has increased to N33 billion in 2021.  Akande made this known on Monday in Lagos at the 2021 ministerial news...
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NSE Seeks More Investment In Engineering Education
May 17, 2021 No Responses

NSE Seeks More Investment In Engineering Education

The Nigerian Society of Engineers (NSE) on Sunday urged the Federal Government to increase investment in engineering education, to help tackle poverty and employment. Dr Sunday Popo-Ola, a fellow of NSE and the immediate past Chairman, NSE London, UK Branch,.....
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Eternal, ABC Transport, Others Lift Market Capitalisation With N25b
May 15, 2021 No Responses

Eternal, ABC Transport, Others Lift Market Capitalisation With N25b

Transactions resumed on the Nigerian Exchange (NGX) on Friday after the public holdiays to mark the Eid-el-Fitr celebration with a growth of N25 billion.  Speficially, the market capitalisation rose by N25 billion or 0.12 per cent to close at N20.552...
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FSDH Funding Lists N12b Bonds On FMDQ Platform
May 13, 2021 No Responses

FSDH Funding Lists N12b Bonds On FMDQ Platform

FMDQ Securities Exchange Ltd  has approved the listing of FSDH Funding SPV Plc N7.05 billion tranche A and N4.95 billion tranche B series 1 fixed rate bonds on its platform. FSDH Funding SPV Plc is a special purpose vehicle set up...
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Company Income Tax increases by N97.05b In Q1
May 13, 2021 No Responses

Company Income Tax increases by N97.05b In Q1

The National Bureau of Statistics (NBS) has disclosed that  N392.77 billion was generated as Company Income Tax (CIT) in Quarter One, 2021 (Q1, 2021) an increase of N97.05 billion over N295.72 billion generated in Q4 2020.  This is revealed in t...
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Ecobank Nigeria Partners NiDCOM On National Development
May 11, 2021 No Responses

Ecobank Nigeria Partners NiDCOM On National Development

The Managing Director, Ecobank Nigeria, Patrick Akinwuntan has stated that the bank is  privileged to work closely with the Nigerians in Diaspora Commission, (NiDCOM) and will continue to pursue one of its key mandates of helping to enhance...
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NGX Opens Week With N59b Growth
May 11, 2021 No Responses

NGX Opens Week With N59b Growth

The nation’s bourse opened trading for the new week on Monday on a positive note with a growth of N59 billion, following interests in Tier 1 banks.  Specifically, the market capitalisation which opened at N20.431 trillion inched higher by N59 billi...
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