Tag Archives: NSE

From left: Mr. Victor Famuyibo, Human Resource Director, Nigerian Breweries Plc;  Mr. Nicolaas  Vervelde, Managing Director/ Chief Executive Officer, Nigerian Breweries Plc; Mr. Oscar Onyema, Chief Executive Officer, The Nigerian Stock Exchange (NSE); Chief Kolawole Jamodu, Chairman, Nigerian Breweries Plc; Mr. Uaboi Agbebaku, Company Secretary/ Legal Adviser, Nigerian Breweries Plc at the Closing Gong Ceremony in commemoration of the company’s 70th anniversary …

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CBN Reads Riot Act To Banks Over Intervention Funds The Governor, Central Bank of Nigeria (CBN), Mr. Godwin Emefiele, has warned Participating Financial Institutions (PFIs) in the country against charging double-digit interest on intervention funds guaranteed by the apex bank. Mr. Emefiele who gave the warning in Abeokuta, Ogun state, during an interaction between the Presidential Task Force on Agricultural …

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Wema Bank opens new branch in Abuja Wema Bank Plc has announced the opening of a new branch in Abuja as part of its strategic expansion following a national licence granted the bank by the Central Bank of Nigeria in 2015. The lender, in a statement on Wednesday, said the new branch would strengthen its business in the Federal Capital …

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MMM will lead to losses, Access bank warns customers Access Bank Nigeria Plc has warned its customers to avoid dealing with Mavrodi Mondial Movement, a Ponzi scheme, which has been declared illegal by the Central Bank of Nigeria and the Securities and Exchange Commission. The bank in an emailed statement to its customers said it had come to its attention …

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Union Bank Get’s Nod to Raise N50 Billion Right Issue Sequel to its growth plans, Shareholders of Union Bank of Nigerian Plc yesterday approved the request of board of directors to raise N50 Billion for the bank growth plans. The approval was given at an Extra Ordinary General Meeting (EGM) held in Lagos. However, this is subject to the company …

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We‘ll Continue To Finance Development Projects –Ecobank MD The Managing Director, Ecobank Nigeria, Charles Kie, has restated the commitment of the Bank to continue to support projects that impact positively on the lives of the people and economic development of the country. Speaking at the commissioning of Abia Retail Shopping Mall (Shoprite) in Umuahia, Abia State recently, Kie who was …

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SEC, sole approving authority for securities—Adeosun  Finance Minister, Mrs. Kemi Adeosun, has reiterated that the responsibility for the supervision, regulation and approval of issuance of securities in the local market for Nigeria’s internal debt rests solely with the Securities and Exchange Commission (SEC). The minister stated this in a circular explaining that, in line with its powers as conferred by …

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Naira loses 85% of value in two years – CBN …enjoins risk managers to be on top of their job As Nigerians continued to grapple with the hash economic realities bedeviling the domestic economy, the Central Bank of Nigeria has disclosed that the naira has lost about 85 per cent of its value in the last two years and that …

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