Category: Capital Market/Banking

Ecobank Reaffirms Commitment To Excellent Service Delivery
October 8, 2020 No Responses

Ecobank Reaffirms Commitment To Excellent Service Delivery

Ecobank Nigeria has reaffirmed its commitment to providing excellence in customer experience in all its interactions through its Customer Experience Transformation Program.    Head, Customer Experience, Olubunmi Otuniga gave the assurance in a statement to commemorate this year’s International Customer Service Week,...
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CBN, Zamfara Seal N5b Gold Deal
October 7, 2020 No Responses

CBN, Zamfara Seal N5b Gold Deal

The Zamfara State Government has sealed N5billion gold supply deal with the Central Bank of Nigeria (CBN).   Briefing Journalists on Tuesday in Gusau, the Zamfara State Capital, the Governor, Bello Matawalle explained that the State Government is det...
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Cornerstone, International Breweries, Presco Top Gainers’ Table As Market Capitalisation Exceed N15tri Mark
October 7, 2020 No Responses

Cornerstone, International Breweries, Presco Top Gainers’ Table As Market Capitalisation Exceed N15tri Mark

The key market indices of the Nigerian Stock Exchange (NSE) on Tuesday rallied to the all-time high, appreciating by 4.92 per cent. Specifically, the market capitalisation which opened at N14.402 trillion rose by N949 billion to close at N15.110 trillion....
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First Bank Disburses N17b Loans Through FirstAdvance
October 7, 2020 No Responses

First Bank Disburses N17b Loans Through FirstAdvance

First Bank of Nigeria Limited has disbursed over N17billion across the country through FirstAdvance, its digital lending solution.   A statement explained that FirstAdvance is designed to offer a convenient and easy access to cash for salary earners ...
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Fidelity Bank Appoints Obih, Opara Directors
October 5, 2020 No Responses

Fidelity Bank Appoints Obih, Opara Directors

The Board of Directors, Fidelity Bank Plc has announced the appointment of Engr. Henry Ikem Obih as an Independent Non-Executive Director with effect from September 21, 2020 and Dr. Kenneth Onyewuchi Opara as an Executive Director.    A statemen...
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Market Capitalisation Ends September Bullish, Crosses N14tri Mark
October 1, 2020 No Responses

Market Capitalisation Ends September Bullish, Crosses N14tri Mark

The Nigerian Stock Exchange (NSE) market capitalisation crossed N14 trillion mark on the last trading day of September due to sustained confidence.  Specifically, the market capitalisation on Wednesday rose by N118 billion or 0.84 per cent to close at N14...
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Sterling Bank Secures CBN’s Approval To Restructure As Holding Company
September 29, 2020 No Responses

Sterling Bank Secures CBN’s Approval To Restructure As Holding Company

The management of Sterling Bank Plc has secures Central Bank of Nigeria’s (CBN) approval in principle to restructure as a holding company.  In a statement posted on the Nigerian Stock Exchange (NSE) website, the bank’s Chief Executive Officer, Mr Abubakar...
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Bankers Institute Re-Certifies NDIC Academy
September 28, 2020 No Responses

Bankers Institute Re-Certifies NDIC Academy

The Nigeria Deposit Insurance Corporation (NDIC) Academy has been re-certified and its accreditation renewed as a training service provider for various professionals in the banking industry for the next three years. A statement by Mr Sunday Oluyemi, the Direct...
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Market Capitalisation Sustains Growth By N67b
September 23, 2020 No Responses

Market Capitalisation Sustains Growth By N67b

The Nigerian Stock Exchange (NSE) key market indicators on Wednesday sustained positive rally, appreciating by 0.50 per cent due to monetary policy rate cut to 11.5 per cent. Speficially, the market capitalisation rose by N67 billion to close at N13.474...
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Mixed Reactions Trail CBN‘s MPR Cut
September 23, 2020 No Responses

Mixed Reactions Trail CBN‘s MPR Cut

Finanical experts on Tuesday expressed mixed reactions to the 100 basis points slash in the Monetary Policy Rate (MPR) by the Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN). The financial experts spoke with the News Agency...
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Ecobank Boss Implores Africa On Trade Facilitation, Wealth Creation
September 23, 2020 No Responses

Ecobank Boss Implores Africa On Trade Facilitation, Wealth Creation

The Chief Executive Officer, Ecobank Transnational Incorporated (ETI), Ade Ayeyemi has reiterated that African countries must adopt a continent wide approach to business and also focus on wealth creation to be relevant in the global value chain.  &nb...
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Nigeria Highlights Capital Market Investment Opportunities
September 22, 2020 No Responses

Nigeria Highlights Capital Market Investment Opportunities

Representatives of the Nigerian Stock Exchange (NSE), Nigerian International Securities Limited (NISL) and the Chartered Institute of Stockbrokers (CIS) on Monday committed to expanding retail investment opportunities in the capital market.   The rep...
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Economic Recovery: Heritage Bank Boss Seeks More Impactful Role In Banking
September 21, 2020 No Responses

Economic Recovery: Heritage Bank Boss Seeks More Impactful Role In Banking

In the quest to aid speedy economic recovery and impactful service delivery to stakeholders caused by macro-economic headwinds and Covid-19, banking sector’s players have been charged to maximize the opportunities by re-strategizing its roles that will addre...
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SEC: Digital Assets Classification Aimed At Investor Protection
September 21, 2020 No Responses

SEC: Digital Assets Classification Aimed At Investor Protection

The Securities and Exchange Commission (SEC) has said that the recently released SEC Statement on Digital Assets and their Classification and Treatmen is aimed at boosting investors’ protection in the capital market.Emomotimi Agama, Head, Registration, Excha...
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