Polaris Bank, in partnership with key stakeholders, has reaffirmed its commitment to combating the alarming rate of out-of-school children in Nigeria. Through its targeted interventions, the Bank has ensured continuous education for over 15,000 students, providing them with the opportunity to learn, thrive, and contribute to a better future. […]
Category: Money Market
Money Market
FCMB Group Completes Public Offer, Raises N147.51bn with 33% oversubscription.
FCMB Group Plc has announced the successful completion of its public offer, following the approvals of the Central Bank of Nigeria (CBN) and the Securities and Exchange Commission (S. The Group noted that the offer was oversubscribed by 33 per cent, attracting 42,800 investors with 92 per cent subscribing […]
Yuletide: Ecobank Warns Customers To remain Vigilant Against Fraudsters ….Assures Customers Of Consistent Digital Banking Access
As Nigerians prepare for the year-end festivities, Ecobank Nigeria has cautioned its customers to remain vigilant against fraudsters throughout the holiday season. The Bank also guaranteed customers uninterrupted access to banking services through its digital during this time. Head of Consumer Banking at Ecobank Nigeria, Mrs. Adeola Ogunyemi, […]
Access Bank Hosts President Steinmeier, Commits to Strengthening German-Nigerian Trade Relations
Access Bank Plc last week welcomed the President of the Federal Republic of Germany, Frank-Walter Steinmeier, during his first official visit to Nigeria, underscoring the growing importance of German-Nigerian economic ties. Accompanied by a delegation of German business leaders and representatives, President Steinmeier’s visit highlights Access Bank’s pivotal role in […]
Committee Of Banks In Nigeria Donates Multimillion Naira Relief Materials To Jigawa Flood Victims
The Committee of Banks in Nigeria on Thursday lifted the victims of the recent flooding in some parts of Jigawa State with a solidarity visit to Dutse, the state capital, during which they made donation of assorted items of relief materials to the State Government as part of their own […]
Access Holdings To Acquire 100% of South African Bidvest Limited
Access Holdings Plc has announced that its banking. subsidiary, Access Bank Plc, has entered into a binding agreement with South African-based Bidvest Group Limited for the acquisition of a 100 per cent equity stake in Bidvest Bank Limited. This was contained in the Group’s notice to the Nigerian Exchange Limited […]
FG Issues Six Sukuk Bonds Worth N1.1trn To Finance 124 Road Projects – SEC
The Securities and Exchange Commission (SEC) has said that the Federal Government of Nigeria has issued six Sovereign Sukuk worth N1.1trn ($657.6m), to finance 124 Federal road projects covering over 5,820 kilometers across the six geopolitical zones of the country. Director General of the SEC, Dr. Emomotimi Agama who […]
FMDQ harps on technology for commercial paper applications
FMDQ Exchange says it has adopted technology in the process of Commercial Paper (CP) application, stressing that the value of market currently stands at an estimated N3 trillion. The Divisional Head, Market Architecture, FMDQ Securities Exchange Limited, Mr Oluwaseun Afolabi, disclosed this at the 2024 Capital Market Correspondents Association of […]
Experts Advocate Green Building For Sustainable Financing
Industry professionals in the building and construction sectors have been called to adopt green building practices as a means to secure sustainable financing for large-scale projects. This was the key takeaway from experts who spoke at the Ecobank Design and Build Expo in Lagos last week. Green building, […]
Access Bank Finalizes Acquisition Of Standard Chartered Bank Subsidiaries In Angola, Sierra Leone
Access Bank Plc, the flagship subsidiary of Access Holdings Plc, has completed the acquisition of Standard Chartered Bank Angola S.A. and Standard Chartered Bank (Sierra Leone) Limited. This milestone follows the company’s announcement in July 2023 regarding the planned acquisitions. In a statement celebrating the achievement, Roosevelt Ogbonna, […]