Several Corporates Issue Commercial Papers At Time of Covid-19 Downturn

May 26, 2020 250

Banking & Finance

market analysis By Sanya Ademiluyi In what appears to be a counter-intuitive move, several companies,some of them financial nameplates are issuing commercial papers to take on debt at this time of uncertainty under a covid-19 economic downturn. A roll call of these corporates include First Bank Merchant Bank, United Capital and MTN. Investment bank, United […]Continue Reading

France Ratifies Law Ending Use of CFA franc In West Africa

May 23, 2020 304

Banking & Finance Breaking News

France has ratified a law ending the use of CFA Francs in West Africa says a spokeswoman for the French government, Sibeth Ndiaye, and quoted by AFP, May 21. “It was during an official visit to Ivory Coast in December 2019 that they (President Macron and French West African leaders) announced a historic reform of […]Continue Reading

Gbadegesin Appointed MD/ CIO of ARM-Harith Infrastructure

May 15, 2020 274

Banking & Finance News

ARM Harith Infrastructure Fund Managers (Armhif) has recently appointed Tariye Gbadegesin as its Managing director and Chief Investment Officer,CIO. ARM Harith Infrastructure Fund Managers (Armhif) is a Joint Venture between Asset & Resource Management Company Ltd (ARM), a Nigerian institutional investor with US$2.3 billion of assets under management and Harith General Continue Reading

Africa Finance Corporation Responds to Moody’s Rating Decision

May 8, 2020 276

Banking & Finance News

African Finance Corporation AFC has been reacting to its rating by Moody’s Investor Services which turned from stable to negative due to the covid-19 pandemic recently. On May 6,2020 the AFC noted that Moody’s Investor Services affirmed the Africa Finance Corporation’s (“AFC” or “the Corporation”) long-term issuer and senior unsecured ratings at A3. Concurrently, Moody’s Continue Reading

SEC Warns Nigerians Over 12 Ponzi Schemes

April 22, 2020 359

Banking & Finance Financial Markets

Kemi Lawson The Securities and Exchange Commission of Nigeria, SEC is worried over the resurgence of Ponzi schemes in the country .Last week, SEC in a circular it sent to dealing members of the stock exchange and other stakeholders listed 12 ponzi schemes and others which it said were unregistered with SEC ,which indeed,investors should […]Continue Reading

31st AGM: Access Bank Offers 40kobo Dividend Per Share

April 20, 2020 355

Banking & Finance Briefs

By Sanya Ademiluyi Access Bank of Nigeria Plc is offering its shareholders a return of 40 kobo per ordinary for the 2019 trading year. Last year,the bank only offered 25 kobo per share to investors for the 2018 trading year. Against the background of spirited measures to cope with the covid19 pandemic, the bank has […]Continue Reading