Category: Capital Market/Banking

SEC Nigeria Suspends Physical Meetings
December 22, 2020 No Responses

SEC Nigeria Suspends Physical Meetings

The Securities and Exchange Commission (SEC) has suspended all physical meetings and visits to its offices till further notice,  owing to the second wave of the COVID-19 pandemic.   A circular issued by the Commission on Monday explained that it issued...
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May & Baker Accesses N2.5b CBN COVID-19 Intervention Fund
December 19, 2020 No Responses

May & Baker Accesses N2.5b CBN COVID-19 Intervention Fund

May & Baker Nigeria Plc has accessed N2.5 billion from the Central Bank of Nigeria (CBN) N100 billion intervention fund for the healthcare sector to cushion the COVID-19 impact.  The Managing Director, May & Baker Nigeria Plc, Mr Nnamdi Okafor,...
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SEC Nigeria, FSD Africa Begin Master Plan Review
December 18, 2020 No Responses

SEC Nigeria, FSD Africa Begin Master Plan Review

By ebosele@hotmail.com — The Securities and Exchange Commission, Nigeria (SEC Nigeria) and Financial Sector Deepening (FSD) Africa on Thursday announced the start of a joint review of Nigeria’s 10-year Capital Markets Master Plan (CMMP) as part of...
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Access Bank Unveils Digital Platform For SMEs
December 17, 2020 No Responses

Access Bank Unveils Digital Platform For SMEs

Access Bank Plc on Wednesday unveiled the first payment acceptable service in the banking industry for Micro, Small and Medium Enterprises (MSMEs) to participate actively in the digital space.  Mrs Ayodele Olojede, the bank’s Group Head Emerging Bu...
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The Lessons, Challenges Of 2020, By Oscar Onyema
December 15, 2020 No Responses

The Lessons, Challenges Of 2020, By Oscar Onyema

Despite varous economic challenges associated with the global Covid-19 pandemic, the Nigerian Stock Exchange (NSE) has demonstrated its resilience by maintaining seamless trading activities and business operations,  the Chief...
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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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