Category: Capital Market/Banking

Access Bank Strengthens Women Empowerment In Southern Africa
September 30, 2024 No Responses

Access Bank Strengthens Women Empowerment In Southern Africa

Access Bank Plc has reinforced its dedication to advancing women’s empowerment across Southern Africa with the relaunch of its ‘W’ Initiative in Zambia and Botswana.The ‘W’ Initiative, which provides a wide array of financial services and support programs specifically designed...
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SEC Nigeria Vows To Tackle Illegal Fund Managers
September 29, 2024 No Responses

SEC Nigeria Vows To Tackle Illegal Fund Managers

The Securities and Exchange Commission(SEC) has warned entities engaged in illegal fund management activities to desist forthwith or be ready to face the full wrath of the law.Director General of the Securities and Exchnage Commission, Dr. Emomotimi Agama stat...
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At FICAN Conference, NDIC, Others Harp On Collaboration Towards Nigeria’s $1trn Economy
September 29, 2024 No Responses

At FICAN Conference, NDIC, Others Harp On Collaboration Towards Nigeria’s $1trn Economy

For Nigeria to achieve the $1trillion Gross Domestic Product (GDP) by 2026, the Nigeria Deposit Insurance Corporation (NDIC), among other stakeholders, have emphasized on the need for banks and Fintech companies to collaborate and drive the real sector growth....
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NDIC: Why We Have Not Paid Some Depositors Of Heritage Bank
September 28, 2024 No Responses

NDIC: Why We Have Not Paid Some Depositors Of Heritage Bank

The Managing Director, Nigeria Deposit Insurance Corporation, NDIC, Mr. Bello Hassan, has disclosed that some of the Insured Depositors of the defunct Heritage Bank are yet to be paid due to failure to provide necessary information of alternative bank acc...
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Access Holdings Donates Over ₦1b To Borno Flood Victims
September 27, 2024 No Responses

Access Holdings Donates Over ₦1b To Borno Flood Victims

In a demonstration of its commitment to community support, Access Holdings Plc has announced a donation of over ₦1 billion to assist with relief and recovery efforts in Maiduguri, through its banking vertical – Access Bank Plc.The announcement was made...
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CBN Allocates $20,000 To Each BDC At ₦1,590/$
September 26, 2024 No Responses

CBN Allocates $20,000 To Each BDC At ₦1,590/$

The Central Bank of Nigeria (CBN) has announced the sale of $20,000 to each of the eligible Bureau De Change (BDC) operators in the country at the rate of N1,590/$. In a circular to all Bureau De Change operators dated...
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Greenwich Merchant Bank Partners PSRG-Richardson On Sustainability For Inclusive Growth
September 25, 2024 No Responses

Greenwich Merchant Bank Partners PSRG-Richardson On Sustainability For Inclusive Growth

Greenwich Merchant Bank Ltd and PSRG-Richardson have partnered on the key strata of sustainability – health, safety, security and the environment to drive the nation’s economy towards robust and inclusive growth.This was disclosed in a press release si...
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CBN Raises Interest Rate To 27.25%
September 25, 2024 No Responses

CBN Raises Interest Rate To 27.25%

Again, the Central Bank of Nigeria (CBN) has raised its Monetary Policy Rate(MPR) by 50 basis points to 27.25 per cent from 26.75 per cent “to moderate inflation”  which stands at 32.15%. This was revealed by the CBN Governor, Olayemi...
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CBN Reacts To Controversial Policy Document
September 21, 2024 No Responses

CBN Reacts To Controversial Policy Document

The Central Bank of Nigeria, CBN, on Friday, made some clarifications regarding the Monetary, Credit, Foreign Trade, And Exchange Policy Guidelines For Fiscal Years 2024 – 2025 document published on Tuesday, September 17, 2024. In a statement published on it...
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ONSA, CSCS To Host 4th Cybersecurity Conferences
September 18, 2024 No Responses

ONSA, CSCS To Host 4th Cybersecurity Conferences

Central Securities Clearing System Plc (CSCS) Plc has announced the forthcoming 2024 Cybersecurity Conference, organized by the Office of the National Security Adviser (ONSA) and CSCS.A statement sent to City Business News on Wednesday explained that the event...
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UBA Appoints Nweke New DMD
September 11, 2024 No Responses

UBA Appoints Nweke New DMD

The United Bank for Africa (UBA) Plc has appointed Mr. Chukwuma Nweke as new Deputy Managing Director (DMD) effective from October 1st 2024.In a statement on NGX signed by its secretary and legal counsel, Bili Odum, UBA also disclosed the...
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Access Bank Set To Host 2024 Corporate Customers Forum
September 9, 2024 No Responses

Access Bank Set To Host 2024 Corporate Customers Forum

Access Bank is set to host ‘Corporate Customer Forum 2024’, on September 19, 2024 at the Eko Hotels, Victoria Island, Lagos State.Under the theme “Nigeria’s Economic rebirth: Hopes and implications”, the event is set to host the Minister of Finan...
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NDIC, BOI, BDAN, Others Back 2024 FICAN Conference
September 9, 2024 No Responses

NDIC, BOI, BDAN, Others Back 2024 FICAN Conference

The Nigeria Deposit Insurance Corporation (NDIC), the Central Bank of Nigeria (CBN), the Bank of Industry (BoI), the United Bank for Africa, Access Holdings plc and a host of other banking and financial institutions have thrown their weight behind the...
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United Capital Trustees Appoints Michael Thomas As MD/CEO
September 3, 2024 No Responses

United Capital Trustees Appoints Michael Thomas As MD/CEO

United Capital Trustees, a subsidiary of United Capital Group has appointed Michael Abiodun Thomas as the new Managing Director/Chief Executive Officer. A statement explained that the appointment follows a rigorous approval process by the Securities and Exchan...
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