DESPITE protests from minority shareholders kicking against the one year time frame given to insurance companies to recapitalize, major insurance companies are taking action to beat the deadline.

AS part of its commitment towards developing human capital, First City Monument Bank, FCMB, in partnership with MOD Education has stated its commitment to provide funds to its customers aspiring to forward their education abroad.

DESPITE the bearish run that pervaded the equities markets in 2018 which resulted in over 17 percent decline in Nigerian stock market, NASD OTC Securities Exchange, a platform that organises trades in unlisted securities in Nigeria, recorded 22.5 percent return during the year.

AGUSTO & Co. has upgraded its rating of Rand Merchant Bank Nigeria Limited to “Aa-”.

FIDELITY Bank Plc is training over 100 SMEs at the eighth edition of its Export Management Programme (EMP) with the aim of providing impactful, world-class support to Micro Small Medium Enterprises (MSMEs) in Kano State.

THE reduction in the remunerable limit for bank deposit placement in the Standing Deposit Facility, SDF, of the Central Bank of Nigeria, CBN, is expected to inject about N750 billion into the interbank money market prompting further decline in cost of funds.

NIGERIANS abandoned 10 million bank accounts in the first half of 2019 (H1’19) prompting the number of inactive bank accounts to rise sharply by 26 percent, year-on-year, during the period.

A TOTAL of seven leading deposit money banks, DMBs, may now be under pressure to beef up their loan portfolio following a recent directive by the Central Bank of Nigeria, CBN, which requires banks to give out 60 percent of their deposits as loans to the real sector.

The Access Bank United Kingdom (UK)  used its’ annual Access Bank Polo Day at Guards Polo Club Windsor  to announce a 36 percent growth in its balance sheet for the year ended December 2018, reflecting another year of outstanding international business growth. CBN mandates banks to lend 60% of deposits(Opens in a new browser tab) […]

The Securities and Exchange Commission, SEC, yesterday, disclosed it has taken a number of measures to drastically reduce the volume of unclaimed dividends in the Nigerian capital market, adding that presently, about 2.6 million account holders have registered for electronic dividends.

SHAREHOLDERS in the nation’s capital market have called on National Insurance Commission, NAICOM, to consider extension of the timeline for players in the insurance industry to comply with the recapitalisation exercise.

AFTER enduring weeks of bearish run, the equities market may revert to the positive region this week owing to the expected release of ministerial list by the government this week, stock dealers have predicted.

ACCESS Bank Plc has organised a sensitisation programme for players in the creative industry with a view to making access to the CBN Creative Sector Intervention Fund, CIFI, more seamless. The Central Bank of Nigeria, CBN, recently rolled out the CIFI as part of its efforts to open up the creative sector and improve its contribution to the economy. The CBN has already earmarked N20 billion for disbursement in the first phase of the exercise with three to 10 years pay back plan and maximum of nine percent interest rate per annum.

GUARANTY Trust Bank,    GTBank Plc has been named the Best Bank in Africa 2019 by Euromoney at its annual Awards for Excellence, which held in London.

The newly appointed Chief Executive Officer of Standard Chartered Bank Nigeria, Mr Lamin Manjang, in this interview explained the mission of his bank and his tenor in Nigeria while speaking on sundry banking industry issues such as sustainability banking, mobile money, recapitalization.