Category: Capital Market/Banking

CBN Explains Framework For N75b Youth Investment Fund
October 30, 2020 No Responses

CBN Explains Framework For N75b Youth Investment Fund

The Central Bank of Nigeria (CBN) has released guidelines for implementation of the proposed N75 billion Nigeria Youth Investment Fund (NYIF). CBN, in a statement by its Development Finance Department, stated that the fund was a built-in strategy to effectively...
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Ikechukwu Kalu: SMEs Must Re-Strategize Their Branding Approach To Survive The New Normal
October 30, 2020 No Responses

Ikechukwu Kalu: SMEs Must Re-Strategize Their Branding Approach To Survive The New Normal

Brand expert, Ikechukwu Kalu has advocated that businesses, specially Small and Media Scale Enterprises (SMES) must adopt new approach to market, especially concerning their brand appeal to survive in the of the post COVID-19 new normal.   Kalu noted...
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Sterling Bank Unveils ‘Switch’ Free Money Transfer Service For Nigerians In Diaspora
October 29, 2020 No Responses

Sterling Bank Unveils ‘Switch’ Free Money Transfer Service For Nigerians In Diaspora

Sterling Bank Plc has launched “a free money transfer service” for Nigerians in diaspora, called ‘Switch’, to promote financial inclusion, international banking and allied services for such Nigerians. In a statement on Wednesday, Mr Shina Atilola, Ster...
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Banks’ Customers In Benin Lament Poor Services, Long Queues At ATMs
October 28, 2020 No Responses

Banks’ Customers In Benin Lament Poor Services, Long Queues At ATMs

Bank customers in Benin, Edo State, on Tuesday lamented the poor services being rendered by the financial institutions in the state.  Some of the customers, who shared their experiences with the News Agency of Nigeria (NAN) in Benin, expressed regret...
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Market Capitalisation Attains N42b Growth
October 27, 2020 No Responses

Market Capitalisation Attains N42b Growth

Transactions on the Nigerian Stock Exchange opened for the week on Monday still on an upward trend with the market capitalisation crossing N15 trillion mark.  Specifically, the market capitalisation which opened at N14.999 trillion inched higher by N42 bi...
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CIS Tasks FG On Capital Market Investment Opportunities
October 26, 2020 No Responses

CIS Tasks FG On Capital Market Investment Opportunities

The Chartered Institute of Stockbrokers (CIS) on Sunday urged the Federal Government to leverage investment opportunities in the capital market for medium and long-term capital to bridge infrastructure deficit.  The CIS President, Mr Olatunde Amolegbe, in...
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Conoil Shareholders Okay N1.39b For 2019 Dividend
October 24, 2020 No Responses

Conoil Shareholders Okay N1.39b For 2019 Dividend

For the year 2019, Shareholders of Conoil Plc have approved the payment of N1.39 billion dividend, amounting to 200 kobo on every 50 kobo ordinary share. The Shareholders gave the approval during the virtual 50th Annual General Meeting (AGM)&nbs...
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Market Capitalisation Recovers N59b
October 23, 2020 No Responses

Market Capitalisation Recovers N59b

The nation’s bourse on Thursday rebounded with a growth of N59 billion in spite of social unrest and curfew in major cities of the country. Specifically, the market capitalisation which opened at N14.870 trillion rose by N59 billion or 0.40...
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MTN Nigeria, Guinness Top Losers’ Table As Market Capitalisation Drop By N113b
October 22, 2020 No Responses

MTN Nigeria, Guinness Top Losers’ Table As Market Capitalisation Drop By N113b

The Nigerian Stock Exchange (NSE) on Wednesday reacted to social unrest following the aftermath of #EndSARS protests losing N113 billion, amid sell pressure. Specifically, the market capitalisation shed N113 billion or 0.75 per cent to close at N14.870 trillio...
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Market Capitalisation Attains N4b Growth
October 21, 2020 No Responses

Market Capitalisation Attains N4b Growth

The Nigerian Stock Exchange (NSE) market indices on Tuesday recorded a marginal growth of 0.03 per cent following gains by Zenith Bank and 22 other equities. Specifically, the market capitalisation which opened at N14.979 trillion inched higher by four billion...
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Jumare Resigns From Union Bank Board
October 20, 2020 No Responses

Jumare Resigns From Union Bank Board

The Board of Directors, Union Bank of Nigeria Plc., has announced the resignation of Mrs Furera Jumare as a non-executive director on the board.   According to the a statement, Jumare’s resignation from Union Bank Board followed her appointment as ...
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Fidelity Bank Wins SME Support Bank Award
October 20, 2020 No Responses

Fidelity Bank Wins SME Support Bank Award

Fidelity Bank Plc has added yet another accolade to its burgeoning collection of awards. The bank, in recognition of its unflinching support for Micro Small and Medium Scale Enterprises (MSMEs) in the country, clinched the award for the ‘Outstanding SME...
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SEC To Introduce Capital Market Studies In Primary, Tertiary Institutions
October 19, 2020 No Responses

SEC To Introduce Capital Market Studies In Primary, Tertiary Institutions

The Securities and Exchange Commission (SEC) is working with other stakeholders in the market to introduce capital market studies in primary, secondary and tertiary institutions in the country.  Mrs Efe Ebelo, the Head of Corporate Communication,  SE...
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Ecobank Rewards Xpress Point Agents
October 14, 2020 No Responses

Ecobank Rewards Xpress Point Agents

Ecobank Nigeria has rewarded its Agency Banking partners, also known as Xpress Point Agents across the six geo-political zones of the country with mouthwatering gifts for their performances from January to September 2020.    This reward is coming ahead o...
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