Banking Archives — Page 47 of 59

December 12, 2016 No Responses

Banks to boost Agric, SME fund with N30billion

As part of measures to support the newly created Agriculture/Small and Medium Enterprises (SME) fund, the Bankers Committee at the weekend pledged to contribute N30 billion from their Profit After Tax (PAT). Speaking at the end of the 8th...

December 10, 2016 No Responses

AfDB appoints MCB investment as fund manager for fixed income ETF in Africa

The African Development Bank (AfDB) has appointed MCB Investment Management (MCBIM), a subsidiary of MCB Capital Markets, as Fund Manager for its first multi-jurisdictional Fixed Income Exchange Traded Fund (ETF) in Africa. The Board of Directors of t...

December 8, 2016 No Responses

FirstBank, Eventful to host Fiesta of Flavours

First Bank of Nigeria Limited has reinstated its commitment to economic diversification through support for the business, art and entertainment of food across all sectors of the economy. According to the Bank, realising that support for the agricultural valu...

December 7, 2016 No Responses

FirstMobile hits one million users, N1.3trilion transactions

FirstMobile, FirstBank’s mobile banking platform has recorded a milestone in its user numbers with the attainment of 1million active users. The mobile banking platform has also reached N1.3trillion transactions mark in its short period of launch. FirstBank l...

December 6, 2016 No Responses

FirstGem train moves to Akwa-Ibom, Benue States

FirstGem, the FirstBank lifestyle offering for women was launched in Lagos in October 2016, to provide enabling opportunities for women to achieve their financial goals and aspirations. With FirstGem, female customers can access support funds for their ...

December 6, 2016 No Responses

CIBN Photo News

L – R Ms. Tinuade Awe, General Counsel and Head of Regulation Division, The Nigerian Stock Exchange (NSE) andProfessor Segun Ajibola, FCIB, President, Chartered Institute of Bankers of Nigeria (CIBN) Closing Gong Ceremony at the NSE on Monday.

December 5, 2016 No Responses

CBN faults alleged unilateral dollar allocation

The Central Bank of Nigeria (CBN) on Sunday denied reports that it allocates dollars unilaterally. CBN Director in charge of Corporate Communications, Mr. Isaac Okoroafor, explained that the CBN had set up an inter-bank foreign exchange market, where anyone wh...

December 2, 2016 No Responses

AfDB, UBA sign $150 million line of credit

The African Development Bank Group (AfDB) and United Bank for Africa Plc (UBA) on Wednesday November 30, 2016, signed a $ 150 million loan agreement to finance infrastructure and SME projects, including women-owned enterprises in Nigeria. UBA Group Managing Di...

November 29, 2016 No Responses

MAN seeks reduction in interest rate

Manufacturers Association of Nigeria (MAN) on Monday appealed to the Central Bank of Nigeria to reduce interest rates as part of measures to lift various sectors. According to MAN, retaining the Monetary Policy Rate (MPR) at 14 per cent by...

November 28, 2016 No Responses

Demutualisation of share certificate attains 98.9 per cent success, says Gwarzo, SEC DG

The demutualisation of share certificates in Nigerian capital market has attained 98.9 per cent success, Director General, Securities and Exchange Commission (SEC), Mounir Gwarzo has said. Briefing Journalists on the outcome of the just concluded Capital Marke...

November 28, 2016 No Responses

Heritage Bank unveils ‘Happy Days’ promo

Heritage Bank Plc is set to introduce a promo tagged, ‘Happy Days Promo’ to empower and reward its loyal customers. The promo which is additionally designed to encourage savings at this period of tight economic situation will see the emergence...

November 27, 2016 No Responses

Investors get N29b from unclaimed dividend in one year

Ongoing campaign by the Securities and Exchange Commission (SEC) for investors to embrace e-dividend mandate has led to the payment of N29 Billion out of N90 Billion unclaimed dividend between November 2015 and this year. Briefing Journalists on the...

November 26, 2016 No Responses

FirstBank promotes giving back with #GivingTuesday

Employees of First Bank of Nigeria Limited have volunteered to provide relief materials and donations to persons in need as part of its Employee Giving and Volunteering Scheme. This is as hundreds of companies around the world are involved with...

November 23, 2016 No Responses

CBN implores FG on domestic debt

As part of measures to protect the integrity of the financial system, the Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) has called on the Federal Government to evaluate its domestic indebtedness and put modalities in place...