Category: Capital Market/Banking

Renewed Investors’ Interest Lift Market Capitalisation To N20.99trillion
January 12, 2021 No Responses

Renewed Investors’ Interest Lift Market Capitalisation To N20.99trillion

Transactions on Nigerian Stock Exchange (NSE) resumed on Monday on a positive note following investors’ interest in medium and large capitalized stocks.   Specifically, the All-Share Index increased by 30.56 points or 0.08 per cent to close at 40,150.78 from 40,120.22 on Friday. Also, the market capitalisat...
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Demutualisation: NSE Inaugurates Claims Review Panel
January 9, 2021 No Responses

Demutualisation: NSE Inaugurates Claims Review Panel

Ahead of its demutualisation, the Nigerian Stock Exchange (NSE) has inaugurated a ‘Claims Review Panel’, pursuant to the provisions of the NSE Demutualisation Act 2018. NSE President, Otunba Abimbola Ogunbanjo in a statement on Friday explained that&n...
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Ecobank Nigeria Launches Radio programme for SMEs
January 9, 2021 No Responses

Ecobank Nigeria Launches Radio programme for SMEs

Ecobank Nigeria has launched a radio programme – “Ecobank Business Hour” targeted at empowering small and medium enterprises (SMEs) in the country.  Emeka Agada, Head, SME, Ecobank Nigeria, explained that the programme which is being syndicated acro...
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NSE Market Capitalisation Loses N246b
January 9, 2021 No Responses

NSE Market Capitalisation Loses N246b

The bears dominated trading activities on the Nigerian Stock Exchange (NSE) on Friday with the market capitalisation losing N246 billion in six hours of trading.  Specifically, the market capitalisation, which opened at N21.224 trillion shed N246 billion ...
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Demutualisation: NSE Announces Chief Executives For Emerging Entities
January 7, 2021 No Responses

Demutualisation: NSE Announces Chief Executives For Emerging Entities

The National Council of the Nigerian Stock Exchange (NSE) has announced the chief executives that would head its operating and non-operating companies upon the completion of its demutualisation programme.  This is contained in a notice issued the&nbs...
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Peace Mass Transit Acquisition Of C & I Leasing To Enhance Shareholders Value
January 7, 2021 No Responses

Peace Mass Transit Acquisition Of C & I Leasing To Enhance Shareholders Value

C & I Leasing Plc on Wednesday expressed optimism that the emergence of Peace Mass Transit as the company’s majority shareholder would bring enhanced value creation for all its stakeholders. Mr Andrew Otike-Odibi, the company’s Managing Director/Chief ...
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Access Bank Zambia Completes Acquisition Of Cavmont Bank
January 7, 2021 No Responses

Access Bank Zambia Completes Acquisition Of Cavmont Bank

The board of Access Bank Plc on Wednesday announced complete acquisition of Cavmont Bank Ltd by its Zambian subsidiary, Access Bank (Zambia) Ltd. Mr Sunday Ekwochi, the bank’s Company Secretary, explained in a statement that the acquisition was com...
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Onyeali-Ikpe, First Female MD/CEO Of Fidelity Bank Assumes Office
January 4, 2021 No Responses

Onyeali-Ikpe, First Female MD/CEO Of Fidelity Bank Assumes Office

The new Managing Director/CEO of Fidelity Bank Plc, Mrs. Nneka Onyeali-Ikpe, whose tenure formally commenced on January 1, 2021 has assumed office, becoming the 4th Chief Executive and first female to occupy the position since the inception of the bank in...
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CBN Pledges Increased Access To Credit In 2021
January 1, 2021 No Responses

CBN Pledges Increased Access To Credit In 2021

Nigerian households will most likely have improved access to credit beginning from the first quarter of 2021, the Central Bank of Nigeria (CBN) has said  The Credit Condition Survey Report released by the Statistics Department of the apex bank has...
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Experts Seek Friendly Monetary Policies To Sustain Stock Market Growth In 2021
December 31, 2020 No Responses

Experts Seek Friendly Monetary Policies To Sustain Stock Market Growth In 2021

As the nation’s bourse winds down for 2020 in green, capital market experts have called for an accommodative monetary policies to support economic growth. They said this in series of interview with the News Agency of Nigeria (NAN) in Lagos,...
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KPMG Names Ecobank Nigeria Among Top Three In Customer Service Support To SMEs
December 31, 2020 No Responses

KPMG Names Ecobank Nigeria Among Top Three In Customer Service Support To SMEs

Leading audit and professional services company, KPMG Nigeria, has ranked Ecobank Nigeria among the top three banks with good customer experience in the Small and Medium Enterprises (SME) segment. KPMG’s Nigeria banking industry customer experience...
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Fidelity Bank Announces Board Retirements, New Appointments
December 29, 2020 No Responses

Fidelity Bank Announces Board Retirements, New Appointments

Fidelity Bank Plc has announced new Board appointments in place of some of its outgoing Directors, who recently successfully completed their tenure on the Board in accordance with the Bank’s internal governance policies. A statement issued on Monday explaine...
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CBN Revokes Licenses Of Seven Payment Service Providers
December 26, 2020 No Responses

CBN Revokes Licenses Of Seven Payment Service Providers

The Central Bank of Nigeria (CBN) has revoked the licenses of seven Payment Service Providers (PSPs) and one switch service provider, who were unable to meet up with their statutory obligations.  An official Gazette, obtained from CBN’s official website...
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Group Implores CBN On Easy Forex Access For SMEs
December 25, 2020 No Responses

Group Implores CBN On Easy Forex Access For SMEs

The Association of Food and Agro Processors (AFAP) has appealed to Central Bank of Nigeria (CBN) to assist Small and Medium Enterprises (SMEs) to easily access foreign exchange for procurement of machinery.  AFAP National President, Duro Kuteyi, made the ...
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