Category: Capital Market/Banking

MasterCard Invests $100m In Airtel Africa’s Mobile Money
April 2, 2021 No Responses

MasterCard Invests $100m In Airtel Africa’s Mobile Money

Airtel Africa, a telecommunications and mobile money services company has signed an agreement under which MasterCard will invest $100 million in Airtel Mobile Commerce BV (AMC BV).  According to a statement issued by the telco, AMC BV is a wholly...
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Nigeria Stock Exchange Readies For New Chapter Post Demutualisation
April 2, 2021 No Responses

Nigeria Stock Exchange Readies For New Chapter Post Demutualisation

By Oscar N. Onyema  — Capital markets in Nigeria are entering a period of major change, commencing with the demutualisation of the Nigerian Stock Exchange (NSE or The Exchange), which was approved by the nation’s Securities and Exchange Commissio...
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Investors Lose N119b Amid Renewed Profit Taking
March 31, 2021 No Responses

Investors Lose N119b Amid Renewed Profit Taking

The Nigerian Stock Exchange (NSE) returned to negative territory on Tuesday with investors losing N119 billion on renewed profit taking.  Consequently, the market capitalisation which opened at N20.663 trillion dipped N119 billion to close at N20.544 tril...
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Ecobank Wins Starsight Sustainability Award 2020
March 30, 2021 No Responses

Ecobank Wins Starsight Sustainability Award 2020

Executive Director, Corporate Bank, Ecobank Nigeria, Kola Adeleke (right) receiving Starsight Sustainability Award 2020 from Head, Sales, SMEs, Starsight Energy, Teme Jack in Lagos   Leading West African Commercial and industrial solar power and...
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Non-Interest Capital Market, Full Of Potentials, Says SEC DG
March 29, 2021 No Responses

Non-Interest Capital Market, Full Of Potentials, Says SEC DG

The non-interest capital market sector in Nigeria has been described as one that is unique and full of potentials to facilitate the objective of deepening the financial system and spurring the growth of the Nigerian economy.  This was stated by...
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FirstBank Holds 2021 FirstGem Conference March 31
March 29, 2021 No Responses

FirstBank Holds 2021 FirstGem Conference March 31

First Bank of Nigeria Limited has concluded plans to hold the fourth edition of its annual FirstGem Conference on Wednesday, March 31, 2021.  Tagged FirstGem 4.0., the 2021 event is themed ‘The Art of Negotiation’ and convened to p...
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Winners Emerge In Heritage Bank’s ‘YNSPYRE’, Cream Platform Promo
March 29, 2021 No Responses

Winners Emerge In Heritage Bank’s ‘YNSPYRE’, Cream Platform Promo

Winners have emerged at the Heritage Bank Plc, ‘YNSPYRE’ Cream Platform Promo held in Abuja. CREAM Platform, Nigeria’s premiere creative reward platform officially kicked off its partnership with Heritage Bank’s YNSPYRE Initiative with ...
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FirstBank Reiterates Commitment To Women Empowerment
March 28, 2021 No Responses

FirstBank Reiterates Commitment To Women Empowerment

First Bank of Nigeria Ltd. has reinforced commitment to women empowerment with ‘FirstGem’ for economic growth and development.  In a statement on Saturday, FirstBank Deputy Managing Director, Mr Francis Shobo, explained that the bank seeks to drive fi...
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Investors’ Interest In Stanbic IBTC, MTN Nigeria Lift Stock Market By 0.53%
March 26, 2021 No Responses

Investors’ Interest In Stanbic IBTC, MTN Nigeria Lift Stock Market By 0.53%

The Nigerian Stock Exchange (NSE) maintained positive sentiment on Thursday with the market indices growing further by 0.53 per cent due to investors’ interest in Stanbic IBTC and MTN Nigeria.  Speficially, the All-Share Index advanced further by 207.86...
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Lafarge Africa Declares N30.84b Profit, N16.11b Total Dividend For 2020
March 25, 2021 No Responses

Lafarge Africa Declares N30.84b Profit, N16.11b Total Dividend For 2020

Lafarge Africa Plc on Wednesday declared a total dividend of N16.11 billion for the 2020 financial year, amounting to N1 per share and would be payable to shareholders on the register of the cement group as at the close of...
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NSE Recounts One Year Experience Of Remote Trading
March 25, 2021 No Responses

NSE Recounts One Year Experience Of Remote Trading

The Nigerian Stock Exchange (NSE) on Wednesday recounted experiences of one year of remote trading occasioned by the challenges of the COVID-19 pandemic.  The NSE in a statement said it activated business continuity plan which saw the transition to remote...
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Ecobank Group Declares N641.8b Revenue, N33.7b Profit In 2020
March 24, 2021 No Responses

Ecobank Group Declares N641.8b Revenue, N33.7b Profit In 2020

For the financial year ended December 31, 2020, Ecobank Group attained N641.8 billion revenue, representing nine per cent increase compared with N586.9b posted in the corresponding period of 2019. Audited report submitted to the Nigeria Stock Exchange (NSE) on...
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CBN Retains MPR At 11.5%
March 24, 2021 No Responses

CBN Retains MPR At 11.5%

In the midst of confessed policy dilemma and other monetary considerations, the Central Bank of Nigeria (CBN) Monetary  Policy Committee (MPC) has retained the Monetary Policy Rate at 11.5 per cent. Presenting the communique from the MPC meeting on Tuesda...
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Heritage Bank Joins World Water Day With Installation Of Borehole
March 24, 2021 No Responses

Heritage Bank Joins World Water Day With Installation Of Borehole

Heritage Bank Plc has joined the rest of the globe to celebrate the World Water Day 2021 with plans to assist a community in dire need of clean water by installing a bore hole.  The theme for this year’s WWD...
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