Finance Archives — Page 3 of 21

April 21, 2022 No Responses

AfDB To Double Africa’s Climate Finance To $25b

The African Development Bank (AfDB) will within the next five years double the climate change finance of Africa to $25 billion Dr Kevin Kariuki, AfDB Vice-President for Power, Energy, Climate and Green Growth, said this at a virtual news conference...

April 8, 2022 No Responses

Neimeth Explains Agenda For N5b Fresh Capital

Shareholders of Neimeth International Pharmaceuticals PLC have approved the plan of the Board to raise the sum of N5 billion through a hybrid offering of Rights to existing shareholders and private placement. The money will be used to finance major...

March 18, 2022 No Responses

Banking Industry: Emefiele Pushes For More Women In Top Positions

Governor of Central Bank of Nigeria (CBN), Mr Godwin Emefiele, on Thursday, said that the bank had issued gender-mandated regulations to pave way for gender diversity and inclusiveness at the top management levels in the banking industry. Emefiele made t...

January 28, 2022 No Responses

CBN Reduces Charges On Electronic Transactions

The Central Bank of Nigeria (CBN) has announced a downward review of charges for electronic banking transactions in its revised guidelines to charges by Banks, Other Financial Institutions (OFIs) and Non-Bank Financial Institutions. A circular by Chibuzor...

November 11, 2021 No Responses

Cititrust Holdings Repositions, Explains Agenda

As part of measures to enhance growth, Cititrust Holdings Plc has divested its 100 percent equity holdings in Cititrust Financial Services Plc. A statement issued by Cititrust Holdings on Wednesday explained that the decision was taken after considering that...

November 4, 2021 No Responses

SEC DG Canvasses Support For Non-Interest Finance

The Director-General, Securities and Exchange Commission (SEC), Lamido Yuguda has stated that the Non-Interest finance segment holds great potentials in furthering the development of the capital market and the growth of the Nation’s economy.The SEC DG wh...

August 4, 2021 No Responses

CBN Releases Guidelines For Payment Service Holding Companies

The Central Bank of Nigeria (CBN) on Tuesday released guidelines for the establishment and regulation of Payments Service Holding Companies (PSHCs) in Nigeria. A circular issued by Mr Musa Jimoh, CBN’s Director, Payments System Management Department in...

July 22, 2021 No Responses

Sekibo: Market Formation Framework, Driver To Optimally Develop Solid Mineral Sector

MD/CEO of Heritage Bank Plc, Ifie Sekibo has said that market formation framework is the key to optimally exploit Nigeria’s precious metal and solid minerals endowments. He disclosed this during a webinar organised by the Securities and Exchange Commis...

July 13, 2021 No Responses

SEC Nigeria Proposes N10m Registration Fees For Issuing Houses, Others

The Securities and Exchange Commission (SEC) has proposed N10 million registration fee for issuing houses, underwriters and fund managers from the current fee of N500,000. The commission stated this in a document titled, “Exposure of proposed new rule ...

July 12, 2021 No Responses

G20 Finance Ministers Back Deal To Tax Companies

G20 finance ministers have backed an “historic” plan which will see multinational companies pay their “fair share” of tax around the world. The plan to battle tax avoidance puts in place a minimum global corporate tax rate of 15%. ...

May 24, 2021 No Responses

FirstBank Shines In Global Banking, Finance Awards

First Bank of Nigeria Ltd., has been awarded the 2021 ‘Retail Banking CEO of the Year Nigeria’; ‘Most innovative Retail Banking App Nigeria’ and ‘’Best CSR Bank Nigeria.’’ In a statement issued on Sunday, Dr Adesola Adeduntan, Chief Execu...

April 29, 2021 No Responses

Fidelity Bank Declares N10.1B Profit Before Tax In Q1

For the first quarter ended March 31, 2021, Fidelity Bank Plc has recorded improvement in its financial performance. Details of the unaudited results, released at the Nigerian Stock Exchange (NSE) show that Profit before Tax (PBT) grew by 53.9% from...

March 23, 2021 No Responses

SIFAX Group, South Africa Chamber Discuss Financing Model For Maritime Sector

SIFAX Group, a group of companies with investment in Maritime, Aviation, Oil & Gas, Haulage & Logistics, Financial Services and Hospitality, in line with its industry leadership objectives takes the lead again in charting a new course for the funding.....

December 3, 2020 No Responses

NSE Begins Application Of 0.08% Stamp Duty On Securities Transactions Dec 7

The Nigerian Stock Exchange (NSE) has announced the revision of Stamp Duty on securities transactions to 0.08% from 0.075%, effective 7 December 2020. In a statement on Thursday, NSE explained that the change is necessitated by the classifica...