Category: Capital Market/Banking

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 NSE on Wednesday.The group will have...
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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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NSE Market Capitalisation Crosses N20tr Mark
December 24, 2020 No Responses

NSE Market Capitalisation Crosses N20tr Mark

Trading activities on the Nigerian Stock Exchange (NSE) sustained positive mood on Wednesday for the eighth successive session, with the market capitalisation crossing the N20 trillion mark.  The sustained rally was as a result of buying interests in some...
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CBN Probes Dearth Of Money In ATMs
December 23, 2020 No Responses

CBN Probes Dearth Of Money In ATMs

The Central Bank of Nigeria (CBN) is to investigate the scarcity of funds witnessed by customers in most Automated Teller Machines (ATMs) in Lagos State.  The CBN‘s Acting Director, Corporate Communications, Mr Osita Nwanisobi told the News Agency of Ni...
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First Bank Launches ‘Mask Up, Stay Safe” Campaign
December 23, 2020 No Responses

First Bank Launches ‘Mask Up, Stay Safe” Campaign

First Bank of Nigeria Limited, Nigeria’s premier and leading financial inclusion services provider has announced its ongoing digital campaign “Mask Up, Stay Safe” as part of its advocacy to encourage everyone to consciously protect one another ...
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Dangote Cement, UBA, Zenith Bank Sustain NSE Rally By N235b
December 23, 2020 No Responses

Dangote Cement, UBA, Zenith Bank Sustain NSE Rally By N235b

The Nigeria Stock Exchange (NSE) on Tuesday recorded its seventh consecutive gain, appreciating further by N235 billion following buying interests in Dangote Cement, United Bank of Africa and Zenith Bank stocks. Specifically, the market capitalisatio...
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