Category: Capital Market/Banking

NGX Market Capitalisation Increases By N124b
April 17, 2021 No Responses

NGX Market Capitalisation Increases By N124b

Trading on the Nigeria Exchange Ltd ended on a positive note on Friday with the market capitalisation appreciating by N124 billion due to gains in some blue chips.  The market capitalisation increased 0.61 per cent to N20.310 trillion, from N20.186...
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Citigroup To Exit Banking Operations In 13 Markets
April 16, 2021 No Responses

Citigroup To Exit Banking Operations In 13 Markets

Citigroup is closing its consumer banking operations in 13 markets across Asia, Europe and the Middle East. The US banking group will instead run these operations from four hubs in Singapore, Hong Kong, the United Arab Emirates and London.  It...
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Ecobank Offers Mortgage Loans, Investment Options For Nigerians in Diaspora
April 16, 2021 No Responses

Ecobank Offers Mortgage Loans, Investment Options For Nigerians in Diaspora

Ecobank has rolled out several investment packages and opportunities to encourage Nigerians in the diaspora to own houses in the country and also participate actively in money and capital markets.  Speaking to newsmen in Lagos at the weekend, Olukorede De...
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Yuguda: SEC, CBN Working On Cryptocurrencies Trading Regulation
April 16, 2021 No Responses

Yuguda: SEC, CBN Working On Cryptocurrencies Trading Regulation

The Securities and Exchange Commission (SEC) is working with the Central Bank of Nigeria (CBN) for better understanding and regulation of cryptocurencies in the country. The Director-General, SEC, Lamido Yuguda, said this at the 2021 first post-Capital Market ...
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Stakeholders Outline Solutions For Successful AfCFTA Implementation
April 14, 2021 No Responses

Stakeholders Outline Solutions For Successful AfCFTA Implementation

Stakeholders in the Africa Continental Free Trade Area (AfCFTA) have called for private sector participation and creation of compatible trade policies to ensure successful implementation of the agreement.  Top government officials, industrialists, and fin...
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CBN Begins Registration Of More Financial Institutions On Credit Management Platform
April 14, 2021 No Responses

CBN Begins Registration Of More Financial Institutions On Credit Management Platform

The Central Bank of Nigeria (CBN) has started the registration of “Other Financial Institutions’’ (OFIs) on its Credit Risk Management System (CRIMS) to improve credit risk management.  “Other Financial Institutions’’ are Development Finance I...
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UBA Business Series To Equip SMEs With Performance Management Strategies
April 14, 2021 No Responses

UBA Business Series To Equip SMEs With Performance Management Strategies

As part of its commitment to support the growth and sustainability of Micro, Small and Medium-scale Enterprises (MSME) in the continent, Pan African financial Institution, United Bank for Africa (UBA) Plc, is set to organise the next edition of its...
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FirstBank Educates Nigerians On Cybersecurity
April 14, 2021 No Responses

FirstBank Educates Nigerians On Cybersecurity

First Bank of Nigeria Ltd., is sensitising indivduals and businesses with useful information on protection to avoid cyberattack in today’s digital age.  The Chief Executive Officer, FirstBank Group, Dr Adesola Adeduntan explained in statement on Tuesday...
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BUA Cement To Sustain Competitiveness With N115b Bond Issuance
April 14, 2021 No Responses

BUA Cement To Sustain Competitiveness With N115b Bond Issuance

BUA Cement Plc has pledged to sustain competitiveness with the N115 billion Series Fixed Rate Senior Unsecured Bond issue under the company’s maiden N200 billion bond issuance programme.  The Chief Executive Officer, BUA Cement, Yusuf Binji, made the di...
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Stanbic IBTC, Okomu Oil, Guinness, Top Losers‘Table As Market Capitalisation Drop By N74b
April 13, 2021 No Responses

Stanbic IBTC, Okomu Oil, Guinness, Top Losers‘Table As Market Capitalisation Drop By N74b

Transaction on the Nigerian Exchange Limited (NGX) opened activities for the week on Monday on a negative note with key indicators dropping by 0.40 per cent.  The decline was due to investors profit-taking on some recently appreciated stocks such as...
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TAJBank Introduces NQR Solution To Ease Customers’ Transactions
April 12, 2021 No Responses

TAJBank Introduces NQR Solution To Ease Customers’ Transactions

To ease problems associated with financial transactions by it’s Customers’,TAJBank, Nigeria’s most innovative non-interest bank, has announced the introduction of the NQR Payment solution, an indigenous Quick Response Code by NIBSS.The NQR Payment soluti...
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CIBN Implores Ecobank Management Trainees On Dedication, Integrity
April 12, 2021 No Responses

CIBN Implores Ecobank Management Trainees On Dedication, Integrity

The Registrar/Chief Executive, Chartered Institute of Bankers of Nigeria (CIBN), ‘Seye Awojobi has called on graduands of Ecobank Nigeria Academy to make their word their bond to excel in the banking profession.    The CIBN Registrar who gave ...
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SEC Nigeria Engages Stakeholders On Fintech Roadmap Implementation
April 12, 2021 No Responses

SEC Nigeria Engages Stakeholders On Fintech Roadmap Implementation

The Securities and Exchange Commission (SEC) is to discuss issues concerning the implementation of the financial technology roadmap in the market during its forth-coming virtual committee meeting sheduled for April 15 and April 16, 2021.  A statement issu...
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Shareholders Task Firms To Cut Operational Cost
April 7, 2021 No Responses

Shareholders Task Firms To Cut Operational Cost

The Shareholders Association, Ibadan Zone, has urged companies in Nigeria to be decisive and cut operational costs to catalyze the business environment in the face of economic challenges.  Mr Eric Akinduro, the Chairman of the Association, gave the advice...
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