Banking Archives — Page 47 of 59

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 Director/Chied...

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...

November 23, 2016 No Responses

FBN Holdings backs NSE Essay competition

FBN Holdings Plc has thrown its weight behind the ongoing 2016 Nigerian Stock Exchange (NSE) Essay Competition for students in senior secondary schools in all states of the federation. The competition is part of NSE’s efforts at addressing one...

November 22, 2016 No Responses

First Bank unveils dedicated twitter handle, @FBN_help

First Bank of Nigeria limited, has extended its digital multi-channel customer support platform by launching a dedicated twitter account – @FBN_help to identify, respond to and resolve all customer enquiries, issues, questions and queries on social media...

November 22, 2016 No Responses

Fitch affirms Wema Bank’s long-term national rating at BBB-

Fitch Ratings, a global leader in credit ratings and research has affirmed the Long-term National Rating of Wema Bank at BBB-. In a statement, the Bank said: “This is reflective of the Bank’s stable outlook and continued viability, in...

November 21, 2016 No Responses

NNPC, Shell, Access Bank, First Bank, others sign $2.2b contract deal

As part of measures to facilitate access to finance for Nigerian suppliers in the oil and gas sector, Shell with the backing of the Nigerian National Petroleum Corporation (NNPC) has signed $2.2b Memoranda of Understanding with eight Nigerian banks under...

November 18, 2016 No Responses

Elumelu to African Youth: Your time for leadership is now

African business leader and philanthropist, Mr. Tony O. Elumelu has stated that the time for leadership amongst Nigerian and African Youth is now. Elumelu, who addressed the students of the Lagos State University, faculty members and officials of the Lagos St...

November 17, 2016 No Responses

African Securities Exchanges partner CISI on professionalism, common certification in capital markets

The African Securities Exchanges Association (ASEA) and the Chartered Institute for Securities & Investment (CISI) have signed a Memorandum of Understanding (MoU) to provide an effective framework to develop a common certification programme across the 26 A...

November 16, 2016 No Responses

Heritage Bank not in distress, says CBN

Heritage Bank is not in distress, the Central Bnak of Nigeria (CBN) Acting Director, Corporate Communications, Isaac Okorafor, declared on Tuesday. An online publication had alleged that Heritage Bank Limited is unable to meet its customers’ immediate wit...