Stock Market Halts Weekly Gains, Investors Lose N470bn
Activities on the floor of the Nigerian Stock Exchange closed on a negative note last week as the All-Share Index and market capitalisation depreciated by 2.57 per cent to close … Read More
Category: Banking & Finance
CFS Asset Management Bags License To Operate In Kenya As Funds Manager
A subsidiary of Cititrust Holdings Plc, CFS Asset Management Limited, has been granted operating license by the Kenyan Government to operate in the East African country as a funds manager. … Read More
Bank Of Industry To Provide Entrepreneurs In Ekiti With N1bn Loan
The Bank of Industry has said it is ready to provide credit facilities of one billion naira to empower entrepreneurs in Ekiti State. BOI Manager (Ondo and Ekiti states), Mr … Read More
NDIC Announces Payment To Insured Depositors Of Femaz Microfinance Bank
The Nigerian Deposit Insurance Corporation (NDIC) has informed the insured depositors of the liquidated Femaz Microfinance Bank to come forward for verification and payment from today, October 5 to Friday, … Read More
FirstBank Partners Arese Ugwu To Unveil TV Adaptation Of “Smart Money Woman”
First Bank of Nigeria Limited has announced its partnership with Arese Ugwu for the TV adaptation of her best seller, Smart Money Woman. The weekly show, in its first season, … Read More
CBN To Resume Forex Sales To BDCs From September 7
The Central Bank of Nigeria(CBN) has said that it will resume sales of foreign exchange to operators of Bureau de Change (BDCs) from Monday, September 7, 2020. According to a … Read More
Nigeria’s Adesina Re-elected AfDB President
Nigeria’s Akinwumi Adesina has been re-elected the African Development Bank (AfDB) President for a second five-year term. Presidential spokeswoman, Lauretta Onochie confirmed the news in a congratulatory tweet on Thursday. … Read More
CBN Issues New Directive On Forex, Letters Of Credit
…Introduces Product Price Verification Mechanism To Forestall Overstall The Central Bank of Nigeria,CBN, has directed all foreign exchange (forex) authorised dealers to henceforth only open Forms M for letters of … Read More
Fidelity Bank Awaits CBN’s Approval for H1’20 Results
The board of the Fidelity Bank Plc, a Nigerian leading financial group, held it’s meeting to discuss the 2020 Audited Half Year Financial Statements of the Lender for the period ended … Read More