Category: Capital Market/Banking

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 statement issued by...
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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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Renewed Interest In Airtel, Flour Mills, Lafarge Lift Market Capitalisation To N21.7trillion
January 27, 2021 No Responses

Renewed Interest In Airtel, Flour Mills, Lafarge Lift Market Capitalisation To N21.7trillion

The Nigerian Stock Exchange on Tuesday extended growth by N259 billion following interest in Airtel Africa, just as the Monetary Policy Committee (MPC) retained the Monetary Policy Rate (MPR) at 11.5 per cent. Specifically, the market capitalisation which open...
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MPC: Experts Laud CBN’s Rates Retention
January 27, 2021 No Responses

MPC: Experts Laud CBN’s Rates Retention

The Association of Capital Market Academics of Nigeria (ACMAN), on Tuesday said that rates retention by the Monetary Policy Committee (MPC) was in line with market expectations. ACMAN President, Prof. Uche Uwaleke, disclosed this in an interview with the News....
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FirstBank Partners LSETF To Support Schools, Cushion Effect Of Pandemic
January 27, 2021 No Responses

FirstBank Partners LSETF To Support Schools, Cushion Effect Of Pandemic

First Bank of Nigeria Limited says it is in partnership with Lagos State Employment Trust Fund (LSETF) to finance low-cost private schools at a single digit interest rate where schools can access up to N5 million. Mr Chuma Ezirim, FirstBank’s Group...
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CBN Flays Continued Remittances In Naira
January 23, 2021 No Responses

CBN Flays Continued Remittances In Naira

The CBN has expressed displeasure over continued diaspora remittances into the country in Naira, instead of dollars, by International Money Transfer Operators (IMTOs) and unlicensed companies, contrary to its directives. Dr O.S. Nnaji, Director Trade and Excha...
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Nigeria Raises N2.36tri From Capital Market
January 20, 2021 No Responses

Nigeria Raises N2.36tri From Capital Market

The Federal Government of Nigeria dominated capital raising at the fixed income segment of the Nigerian Stock Exchange (NSE) in 2020, raising over N2.36 trillion.  The Chief Executive Officer of NSE, Mr Oscar Onyema, said this at the 2020 market...
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Access Bank Targets International Expansion With HoldCo
January 20, 2021 No Responses

Access Bank Targets International Expansion With HoldCo

Access Bank Plc said on Tuesday that its transition to Holding Company (Holdco) would offer continent-wide opportunities and support international expansion drive. The bank’s Group Managing Director/ Chief Executive Officer, Mr Herbert Wigwe, said this at it...
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