Category: Capital Market/Banking

Heritage Bank Budgets N5b For Creative Industry As Winners Of Ynspyre Account Online Giveaway Get N1m
December 15, 2020 No Responses

Heritage Bank Budgets N5b For Creative Industry As Winners Of Ynspyre Account Online Giveaway Get N1m

Entertainment and creative sector is about to receive a huge boost, as Heritage Bank Plc, Nigeria’s Most Innovative Banking Service provider has arranged to set aside N5billion as a support funds to drive the industry and stimulate sustainable growth to...
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FirstBank Harps On Financial Inclusion, Joins SME Finance Forum
December 14, 2020 No Responses

FirstBank Harps On Financial Inclusion, Joins SME Finance Forum

First Bank has canvassed more  efforts to promote financial inclusion for Small and Medium Enterprises (SME) as part of measures to grow the economy despite the ravaging effects of COVID-19.  Meanwhile, the Bank has anno...
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Ecobank MD, Others List Opportunities In Digital Financial Inclusion
December 11, 2020 No Responses

Ecobank MD, Others List Opportunities In Digital Financial Inclusion

Managing Director, Ecobank Nigeria, Patrick Akinwuntan has said the biggest growth opportunities in digital financial inclusion lies in the ability to combine the mobile phone, cards and agency banking services in the most cost effective and convenient way to ...
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Reps, SEC Reiterate Support For NSE
December 10, 2020 No Responses

Reps, SEC Reiterate Support For NSE

House of Representatives Committee on Capital Market and institutions and the Securities and Exchange Commission (SEC) have reiterated their support for the Nigerian Stock Exchange (NSE) for playing a critical role in Nigeria’s economic recovery and growth. ...
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SEC Nigeria Decries Low Participation Of Retail Investors
December 7, 2020 No Responses

SEC Nigeria Decries Low Participation Of Retail Investors

The Securities and Exchange Commission (SEC) has intensified efforts to attract more retail investors into the nation’s capital market. SEC’s Director-General, Dr Lamido Yuguda, made the disclosure  while addressing participants at the 2020 Annual wor...
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Shareholders Back GTBank’s Planned HoldCo Structure
December 7, 2020 No Responses

Shareholders Back GTBank’s Planned HoldCo Structure

The shareholders of Guaranty Trust Bank Plc (GTBank) have approved the Holding Company (HoldCo) structure for the bank, as they expressed excitement over the benefits they would gain from the new structure. The shareholders in a statement on Sunday gave t...
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Airtel Africa, Mobil Top Gainers’ Table As Market Capitalisation Recover N89b
December 4, 2020 No Responses

Airtel Africa, Mobil Top Gainers’ Table As Market Capitalisation Recover N89b

After two consecutive days’ loss, the Nigeria stock market on Friday rebounded by N89 billion due to price appreciation recorded by Airtel Africa. At the end of transactions on Friday, Airtel Africa dominated the gainers’ chart with N51.50 to close...
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Ecobank Group Report N461b Revenue In Nine Months
December 4, 2020 No Responses

Ecobank Group Report N461b Revenue In Nine Months

Ecobank Group made N461.2 billion revenue in nine months for the period ended 30th September 2020, representing nine  per cent increase against the corresponding period of last year.   In its audited report submitted to the Nigeria Stock Ex...
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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 classifica...
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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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