Tag Archives: SEC

The creative artistes, who participated in this year’s edition of Lagos Comic Con, got a booster from Heritage Bank Plc as the financial powerhouse allayed their fears over inaccessibility of funds for operators in the industry. Speaking at the 6th edition of Lagos Comic 2017, held at NECA House, Ikeja, Lagos, on Saturday, Chubike Agu of the Corporate Communications Department of Heritage …

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FCMB Group Plc On Monday October 23, 2017 said it has entered into an agreement with other shareholders of Legacy Pension Managers Limited for the acquisition of an additional 60 percent stake in Legacy. According to a statement sent to the Nigerian Stock Exchange (NSE), the proposed acquisition will increase FCMB’s interest in Legacy to 88.2 percent, thus making Legacy …

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Unity Bank Plc’s capital base has hit N80 billion, up from N31 billion in 2014, Mr. Thomas Etuh, former Chairman, Board of Directors, has said. Etuh, the immediate past board chairman of the bank said in a post-retirement interview with journalists in Abuja that the growth was recorded under his watch, between 2014 and 2017. Etuh who retired as the …

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Skye Business School has been awarded full accreditation status as a full-fledged banking/finance, business and continuous human capital training academy by the Chartered Institute of Bankers of Nigeria (CIBN). The accreditation which is in collaboration with the Central Bank of Nigeria (CBN) is sequel to the conclusion of a rigorous vetting and accreditation process. CIBN is the body that regulates …

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Guaranty Trust Bank (GTB) Plc has posted a profit of N125.58 billion for the third quarter ended September 30, 2017. This is contained in the bank’s filling at the Nigerian Stock Exchange NSE on Wednesday. The report showed that the profit represented a growth of N8.49 billion or 7.21 per cent as against N117.08 billion achieved in the corresponding period …

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Zenith Bank’s Q3 2017 results which have just been published show low single digit y/y declines in both PBT and PAT. Although profit before provisions of N114bn showed a greater decline (-8% y/y),  those on the provisions and opex lines proved significant, helping to limit the decline on the PBT line. Both revenue lines contributed to the decline in profit …

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Customers of ALAT, Nigeria’s first fully digital bank are set to enjoy the best of times with the Bank that is committed to understanding their needs and offering them great deals. The Bank which recently celebrated 100,000 accounts after just 5 months of operation, is offering its customers discounts of up to 30 percent on purchases made with its cards. …

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Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture, NACCIMA, yesterday, charged the Federal Government not to borrow to finance recurrent expenditures. NACCIMA, in lending its voice to recent moves by the federal government to borrow $5.5 billion to finance the 2017 budget, stated: “The association once again asserts its position on the nation’s increasing debt profile; that if …

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Folake Sokoya Shareholders of Oando Plc on Thursday commended the Securities and Exchange Commission (SEC) resolve to investigate allegation leveled against the management of the company. Reacting to the development, National Coordinator Progressive Shareholders Association of Nigeria, Mr. Boniface Okezie said the decision will restore investors’ confidence in the capital market. SEC had of Wednesday directed the Nigerian Stock Exchange …

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The Nigerian Stock Exchange (NSE) is pleased to announce that it has donated a school to the Borno State Government as part of its Corporate Social Responsibility (CSR) programme, to help Internally Displaced Persons (IDPs). The school, Maisandari Alamderi Model Nursery and Primary School, located in the Abuja Talakawa District of Maiduguri, comprises two blocks of nine classrooms that will …

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