Category: Capital Market/Banking

Briclinks Africa Lists on NSE Growth Board
February 6, 2021 No Responses

Briclinks Africa Lists on NSE Growth Board

The Nigerian Stock Exchange (NSE) on Friday admitted Briclinks Africa Plc to its Growth Board in a listing by introduction of 10 million (10,000,000) ordinary shares of ₦1.00 each at ₦6.26 per share.  The listing was commemorated with a digital Closing...
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Experts Task CBN On Open Banking Regulation
February 4, 2021 No Responses

Experts Task CBN On Open Banking Regulation

Partner and Lead, Digital Transformation, KPMG, Mr Boye Ademola, on Wednesday called on the Central Bank of Nigeria (CBN) to initiate a policy on open banking in Nigeria to transform the sector.  Ademola made the call during a virtual panel...
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SEC Nigeria Unveils New Rules, Amendments On Collective Investment Scheme
February 4, 2021 No Responses

SEC Nigeria Unveils New Rules, Amendments On Collective Investment Scheme

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FirstBank Empowers Firstmonie Agents With Credit Facilities
February 3, 2021 No Responses

FirstBank Empowers Firstmonie Agents With Credit Facilities

First Bank of Nigeria Ltd., has announced the provision of credit facilities of up to one million naira to its Firstmonie agents across the country. First Bank’s Group Executive, e-Business and Retail Products, Mr Chuma Ezirim,  in a statement...
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FBN Holdings Announces New Board Members
January 31, 2021 No Responses

FBN Holdings Announces New Board Members

FBN Holdings Plc has announced the appointments of Mr Seni Adetu and Mrs Juliet Anammah as Independent Non-Executive Directors.  The company also appointed Mr Otu Hughes as a Non-Executive Director.  In a statement, Group Chairman of FBN Holdings, Dr...
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Ecobank Group Declares N630b Revenue In 2020
January 30, 2021 No Responses

Ecobank Group Declares N630b Revenue In 2020

For the year December 31st, 2020, Ecobank Group recorded a revenue of over N630 billion, representing  7% growth when compared to N586.9 posted in the corresponding period of 2019.    In its unaudited report submitted to the Nigeria St...
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First Bank Supports Schools With Educational Solutions
January 30, 2021 No Responses

First Bank Supports Schools With Educational Solutions

First Bank of Nigeria Limited is supporting schools with an array of educational based products and solutions targeted at enabling the acquisition of various facilities to boost the continuous expansion and improvement of the educational sector.  A statem...
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Fidelity Bank Restates Support To MSMEs
January 30, 2021 No Responses

Fidelity Bank Restates Support To MSMEs

Fidelity Bank Plc has reaffirmed its commitment to enhancing the productivity and prosperity of Micro Small and Medium Enterprises (MSMEs) in the country by providing capacity building and advisory services, innovative funding options and other forms of releva...
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CBN Commits N50b To Reposition Nigeria’s Commodity Exchange
January 29, 2021 No Responses

CBN Commits N50b To Reposition Nigeria’s Commodity Exchange

The Central Bank of Nigeria (CBN) is committing N50 billion to reposition the Nigeria Commodity Exchange (NCX), CBN Governor, Mr Godwin Emefiele, has said.  Emefiele, who disclosed this, on Thursday, at an inaugural meeting of the Steering Committee ...
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Market Capitalisation Crosses N22trillion Mark
January 29, 2021 No Responses

Market Capitalisation Crosses N22trillion Mark

The Nigerian Stock Exchange (NSE) market capitalisation on Thursday crossed above N22 trillion mark as a result of price appreciation posted by some blue chips.  Accordingly, the market capitalisation inched higher by N125 billion or 0.57 per cent to clos...
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Fitch Rating: Ecobank Nigeria Has Stable Outlook, Quality Management
January 29, 2021 No Responses

Fitch Rating: Ecobank Nigeria Has Stable Outlook, Quality Management

Fitch Ratings has assigned Ecobank Nigeria Limited (ENG) a Long-Term Issuer Default Rating (IDR) of ‘B-‘ with a Stable Outlook, Viability Rating (VR) of ‘b-‘ and National Long-Term Rating of ‘BBB (nga)’.  The report, re...
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Market Capitalisation Extends Growth By N181b
January 28, 2021 No Responses

Market Capitalisation Extends Growth By N181b

For the third consecutive day, transactions on the Nigerian Stock Exchange closed positive on Wednesday, appreciating further by 0.83 per cent. At the end of the day’s transaction, the All-Share Index increased by 346.79 points or 0.83 pe...
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CBN Disburses N554b To Two Million Farmers
January 28, 2021 No Responses

CBN Disburses N554b To Two Million Farmers

The Central Bank of Nigeria (CBN) has disbursed N554.61 billion to 2, 849,490 farmers to boost food security under its Anchor Borrowers Programme (ABP) beginning from 2015. In a communique issued in Abuja on Wednesday, Mr Godwin Emefiele, the CBN...
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Ecobank Pledges To Boost MSMEs Lending With N50b Bilateral Subordinated Loan
January 28, 2021 No Responses

Ecobank Pledges To Boost MSMEs Lending With N50b Bilateral Subordinated Loan

Ecobank Nigeria newly sourced N50 billion credit will be deployed to support Micro, Small and medium scale enterprises (MSMEs) and small corporates in the country, Managing Director, Patrick Akinwuntan has said.  He pointed out that the bank recognizes MS...
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