Tag Archives: CBN

Access Bank Plc plans to pursue organic growth in Ghana rather than mergers & acquisitions after the central bank raised the minimum capital requirement for lenders in the West African country, its group chief executive said on Tuesday. Ghana’s central bank in September raised the minimum capital required for banks threefold to 400 million cedis ($92 million) as part of …

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As part of its commitment to the growth and socio-economic development of Nigeria’s creative industry, Heritage Bank Plc has partnered with the organizers of the International Festival of Contemporary Dance (IFCOD) to host the second edition of One Language, a musical production of intrigue, dance and drama. The essence of the musical production is to unite humanity across the world and …

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With an end to Nigeria’s worst recession in two decades buoyed by improved performance of oil, agriculture, manufacturing and trade sectors, the economy is well on its way to a full recovery. In September 2017, the National Bureau of Statistics (NBS) validated that the country has exited the recession with a growth of 0.55% in the second quarter of 2017. …

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Photo Caption: From Tope S. Aladenusi, Chief Strategy Officer (CSO) for Deloitte West Africa; Olatomiwa Williams, Director, Solution Sales for Microsoft Nigeria; Ade Bajomo, Executive Director, Market Operations and Technology, The Nigerian Stock Exchange (NSE); Favour Femi-Oyewole, Chief Information Security Officer, NSE and Ademola Alabi, Founder & Principal Consultant in AAA Bits Consulting Ltd during The Nigerian Capital Market Information Security Forum …

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The Federation Account recorded  a total revenue inflow of  N797.51bn from Value Added Tax between January and October this year, the Minister of Finance has said. Adeosun who released the details of the VAT on Tuesday in Abuja noted that the highest VAT collection of N86.71 billion was achieved in September 2017. She added that the sum of N84.67bn and N83.315bn …

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The zero tolerance stance on market infractions and fraud of the Securities and Exchange Commission (SEC), received yet another major boost Tuesday when Mr. Oyekun Akinsemoyin was arraigned before the Ikeja magistrate court 1 on charges of conspiracy , forgery, fraud and impersonation contrary to sections 412, 380 and 368 of the Lagos state criminal code. The arrest and prosecution of Mr. …

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The Governor, Central Bank of Nigeria (CBN), Mr. Godwin Emefiele has urged investors to come over to Nigeria, declaring that the nation’s Return on Investment (ROI) in all sectors of the economy are among the best in the world. Addressing an elite gathering of capital and money market players, investment bankers, treasurers and other fund managers at the London Stock …

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Unity Bank Plc has unannounced a gross earnings of N65.03 billion and a new total asset level of N484.82 billion in its unaudited financial results for the period ended September 30th, 2017. In the bank’s statement made available to the Nigerian Stock Exchange (NSE) for verification at the weekend, shows that the bank has sustained a positive but modest performance …

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For the week ended October 27, 2017, trading in the shares of United Bank for Africa (UBA) Plc, Access Bank Plc and FBN Holdings Plc accounted for 515.058 million shares worth N4.458 billion in 3,088 deals.   Trading in the shares on the floor of Nigerian Stock Exchange (NSE) contributed 36.95% and 27.17% to the total equity turnover volume and value respectively.    At …

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The Central Securities Clearing System (CSCS) Plc recently announced in Lagos it would increase automation and improve efficiencies in the Nigerian capital market with the deployment of TCS BaNCS, a world class multi-asset class solution for securities depository, clearing and settlement. The solution replaced the NASDAQ Equator which has been in use since inception of the company in 1997. The …

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