Category: Capital Market/Banking

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, released Thursday, noted that Ecobank Nigeria...
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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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UBA’s LEO: Celebrating three Years of Revolutionised Banking Services
January 20, 2021 No Responses

UBA’s LEO: Celebrating three Years of Revolutionised Banking Services

Technology has been a veritable gift to mankind, and over the years, it has been responsible for creating amazingly useful resources which put all the information individuals need at their fingertips. The development of technology has also led to so...
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CBN Boosts Manufacturing In Kano With N10b
January 19, 2021 No Responses

CBN Boosts Manufacturing In Kano With N10b

Kano Investment and Diaspora, in partnership with the Foreign Commonwealth Development ((LINKS) and Manufacturers Association of Nigeria (MAN) have secured a N10 billion intervention fund from the Central Bank of Nigeria (CBN) to revive companies impacted by t...
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Flour Mills, MTN Nigeria, Presco Top Gainers‘ Table As Market Capitalisation Recovers N112b
January 16, 2021 No Responses

Flour Mills, MTN Nigeria, Presco Top Gainers‘ Table As Market Capitalisation Recovers N112b

Transactions on the floor of Nigerian Stock Exchange (NSE) sustained positive outlook on Friday with the All-Share Index crossing 41,000 mark.   At the end of the day’s transactions, Flour Mills led the gainers’ table, gaining N2.80 to close at N...
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First Bank Unveils Innovative, Convenient Virtual Payment Card
January 15, 2021 No Responses

First Bank Unveils Innovative, Convenient Virtual Payment Card

First of Bank of Nigeria Limited, Nigeria’s leading financial inclusion services provider has launched the Virtual Payment card, a Naira denominated debit card and digital representation of the plastic debit card. The card is designed to be linked to ei...
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