Capital Market Archives — Page 4 of 60

October 22, 2024 No Responses

UBA Declares N525.3b Profit In Q3 2024

For the month of third quarter ended September 2024, United Bank for Africa (UBA) Plc, recorded N525.31 billion Profit After Tax (PAT). The unaudited financial report filed with the Nigerian Exchange Ltd.(NGX) on Monday indicates 16.9 per cent increase, from...

October 19, 2024 No Responses

NCMI Holds Compliance Summit on FATF

The Nigerian Capital Market Institute (NCMI), a subsidiary of the Securities and Exchange Commission (SEC) is holding a compliance summit for Chief Executive Officers and Compliance Officers on Financial Action Task Force and other related issues.The Summit wi...

October 19, 2024 No Responses

Leadway Assurance Blames Gtbank For Delayed Annuity Payment

Leadway Assurance has blamed delay in the payment of September 2024 annuity on transaction challenges at Gtbank.Some Gtbank account holders are yet to receive their payments for the Month of September 2024.Leadway Assurance in a notice sent to annuitants expla...

October 15, 2024 No Responses

Access Bank, SaltinGStein Unveil Winbundle Airtime2Win

Access Bank has partnered SaltinGTein to unveil Winbundle Airtime2Win on its digital platform to provide customers a chance to turn airtime purchase into a potential life-changing event.Winbundle Airtime2Win enables customers to purchase airtime via *901# and ...

October 13, 2024 No Responses

SEC DG: Capital Market Can Galvanise Funds To Finance Nigeria’s Infrastructural Deficit

The Director General of the Securities and Exchange Commission (SEC), Dr. Emomotimi Agama, has described the capital market as being grossly undersold in helping to finance the homogous infrastructure deficit in the domestic economy.Dr. Agama said considering ...

October 8, 2024 No Responses

Presco Announces Resignation Of Three Directors

Presco Plc has announced the resignation of Chief (Dr.) Bassey Edem, Osa Osunde and HRH., Prince Aiguobasimwin Akenzua as Non-Executive Directors of the company.According to a statement signed by the company’s Secretary, Alayo Ogunbiyi, the Directors contrib...

September 30, 2024 No Responses

Access Bank Strengthens Women Empowerment In Southern Africa

Access Bank Plc has reinforced its dedication to advancing women’s empowerment across Southern Africa with the relaunch of its ‘W’ Initiative in Zambia and Botswana.The ‘W’ Initiative, which provides a wide array of financial services and support pro...

September 29, 2024 No Responses

SEC Nigeria Vows To Tackle Illegal Fund Managers

The Securities and Exchange Commission(SEC) has warned entities engaged in illegal fund management activities to desist forthwith or be ready to face the full wrath of the law.Director General of the Securities and Exchnage Commission, Dr. Emomotimi Agama stat...

September 27, 2024 No Responses

Access Holdings Donates Over ₦1b To Borno Flood Victims

In a demonstration of its commitment to community support, Access Holdings Plc has announced a donation of over ₦1 billion to assist with relief and recovery efforts in Maiduguri, through its banking vertical – Access Bank Plc.The announcement was made...

September 25, 2024 No Responses

Greenwich Merchant Bank Partners PSRG-Richardson On Sustainability For Inclusive Growth

Greenwich Merchant Bank Ltd and PSRG-Richardson have partnered on the key strata of sustainability – health, safety, security and the environment to drive the nation’s economy towards robust and inclusive growth.This was disclosed in a press release si...

September 25, 2024 No Responses

CBN Raises Interest Rate To 27.25%

Again, the Central Bank of Nigeria (CBN) has raised its Monetary Policy Rate(MPR) by 50 basis points to 27.25 per cent from 26.75 per cent “to moderate inflation” which stands at 32.15%. This was revealed by the CBN Governor, Olayemi...

September 18, 2024 No Responses

ONSA, CSCS To Host 4th Cybersecurity Conferences

Central Securities Clearing System Plc (CSCS) Plc has announced the forthcoming 2024 Cybersecurity Conference, organized by the Office of the National Security Adviser (ONSA) and CSCS.A statement sent to City Business News on Wednesday explained that the event...

September 11, 2024 No Responses

UBA Appoints Nweke New DMD

The United Bank for Africa (UBA) Plc has appointed Mr. Chukwuma Nweke as new Deputy Managing Director (DMD) effective from October 1st 2024.In a statement on NGX signed by its secretary and legal counsel, Bili Odum, UBA also disclosed the...

September 9, 2024 No Responses

Access Bank Set To Host 2024 Corporate Customers Forum

Access Bank is set to host ‘Corporate Customer Forum 2024’, on September 19, 2024 at the Eko Hotels, Victoria Island, Lagos State.Under the theme “Nigeria’s Economic rebirth: Hopes and implications”, the event is set to host the Minister of Finan...