Category: Capital Market/Banking

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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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 ...
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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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