Category: Capital Market/Banking

NSE Begins Application Of 0.08% Stamp Duty On Securities Transactions Dec 7
December 3, 2020 No Responses

NSE Begins Application Of 0.08% Stamp Duty On Securities Transactions Dec 7

The Nigerian Stock Exchange (NSE) has announced the revision of Stamp Duty on securities transactions to 0.08% from 0.075%, effective 7 December 2020.    In a statement on Thursday, NSE explained that the change is necessitated by the classification of Contract...
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SEC Urges Collaboration On Commodities Trading Ecosystem
December 3, 2020 No Responses

SEC Urges Collaboration On Commodities Trading Ecosystem

The Securities and Exchange Commission, has urged for collaboration with the Standards Organisation of Nigeria by advocating for speedy approval and publication of standards relevant to the commodities trading ecosystem.  This was stated by the Director G...
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Ecobank Wins Agric Lender Of The Year 2020 Award
December 3, 2020 No Responses

Ecobank Wins Agric Lender Of The Year 2020 Award

Ecobank Nigeria has emerged the winner of “Agric Lender of the Year” award at the prestigious Business Day’s Bank and other Financial Institutions Awards (BAFI).  The bank was winner among other strong contenders to clinch the coveted award.  &...
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Nigeria Stock Market Resumes December With N55b Gain
December 1, 2020 No Responses

Nigeria Stock Market Resumes December With N55b Gain

The Nigeria stock market on Tuesday sustained bullish sentiment to open the month of December with N55 billion growth due to buying interests in Tier 1 banks. Consequently, the market capitalisation rose by N55 billion or 0.30 per cent to...
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UBA Wins Best Bank Of The Year, International Bank Of The Year Awards
December 1, 2020 No Responses

UBA Wins Best Bank Of The Year, International Bank Of The Year Awards

Pan-African financial institution, United Bank for Africa (UBA) Plc, carted two highly coveted laurels at the BusinessDay’s Bank and other Financial Institutions Awards (BAFI) winning the Bank of the Year and the International Bank of the Year at the glamoro...
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Ecobank Nigeria Unveils Smart SME Agency Banking Campaign
December 1, 2020 No Responses

Ecobank Nigeria Unveils Smart SME Agency Banking Campaign

Ecobank Nigeria has launched Smart Small And Medium Enterprise (SME) Agency Banking campaign targeted at empowering 100,000 entrepreneurs under the Ecobank SME and Agency Banking proposition. Emeka Agada, Head of SME, Ecobank Nigeria, said the initiative was i...
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Fidelity Bank Wins Commercial Bank of the Year As Okonkwo Bags CEO Of The Decade Award
December 1, 2020 No Responses

Fidelity Bank Wins Commercial Bank of the Year As Okonkwo Bags CEO Of The Decade Award

Fidelity Bank Plc at the weekend clinched the award for Commercial Bank of the Year at the 2020 edition of BusinessDay Banks and Other Financial Institutions (BAFI) Awards held in Lagos. The bank won the award in recognition of its support for e...
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FirstBank Unveils Next Generation ATM
November 30, 2020 No Responses

FirstBank Unveils Next Generation ATM

In the light of COVID-19, FirstBank has launched the FastTrack ATM, a Next Generation ATM and first of its kind in Africa, designed to promote financial activities on the ATM devoid of any form of physical interaction with the machine....
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NSE Boss Tasks New Stockbrokers On High Standards
November 29, 2020 No Responses

NSE Boss Tasks New Stockbrokers On High Standards

The Chief Executive Officer of the Nigerian Stock Exchange (NSE), Mr Oscar Onyema, on Saturday tasked newly qualified stockbrokers to uphold the highest ethical standards in their professional practice. Onyema, gave the advise in a statement issued &...
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CBN Retains MPR At 11.5 %
November 25, 2020 No Responses

CBN Retains MPR At 11.5 %

The Central Bank of Nigeria (CBN) on Tuesday announced retention of the country’s Monetary Policy Committee Ratio (MPR) at 11.5 per cent.  Mr Godwin Emefiele, the CBN governor made this known, while presenting a communique of the banks 133rd Monetary...
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Fidelity Bank CEO Emerges Banker Of The Year
November 23, 2020 No Responses

Fidelity Bank CEO Emerges Banker Of The Year

Fidelity Bank Chief Executive Officer, Mr. Nnamdi Okonkwo was on Sunday adjudged Banker of the Year at the Business Hallmark People of the Year Awards 2020. The award, presented during an elaborate ceremony in Lagos, was conferred on Mr. Okonkwo in...
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Unity Bank Reports N33.9b Gross Earnings In Nine Months
November 22, 2020 No Responses

Unity Bank Reports N33.9b Gross Earnings In Nine Months

Unity Bank Plc has declared gross earnings of N33.90 billion for the nine months period ended September 30, 2020  as against N31.25 billion recorded in the same period in 2019.  Mrs Tomi Somefun, the bank’s Managing Director and Chief Executiv...
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Zenith Bank Declares N509b Gross Earnings In Nine Months
November 21, 2020 No Responses

Zenith Bank Declares N509b Gross Earnings In Nine Months

For the third quarter ended September 30, 2020, Zenith Bank Plc has reported a gross earnings of N509 billion,compared with N491 billion achieved in the corresponding period in 2019. In the unaudited results released by the Nigerian Stock Exchange (NSE)...
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Sterling Bank Lifts Trading Income By 265% In Q3
November 21, 2020 No Responses

Sterling Bank Lifts Trading Income By 265% In Q3

Sterling Bank Plc has reported a trading income of N7.1 billion for the 2020 third quarter (Q3) ended September 30, compared with N1.9 billion achieved in the corresponding period in 2019. Managing Director and Chief Executive Officer of the bank,...
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