The Bankers Committee of the Central Bank of Nigeria on Tuesday said it would investigate alleged excessive charges imposed on customers by Deposit Money Banks. The committee pointed out that by the recent directives of the central bank, which was meant to streamline bank charges, customers were supposed to enjoy […]
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Wema gets SEC, NSE approval to raise N35bn
Wema Bank Plc has received approval from the Nigerian Stock Exchange and the Securities and Exchange Commission to raise N35bn through special placing. The bank had earlier announced plans to issue 23.33 billion ordinary shares of 50k each at N1.50 per share, and will thereafter, list the additional shares on […]
First Bank, 3 Others Fined N4.7 million for Non-Approval of Publication by NSE
By Richard ABANGWU InvestAdvocate Lagos (INVESTADVOCATE)-First Bank of Nigeria Plc (FBN), Unity Bank Plc, Multiverse Plc and Costain West Africa Plc were fined the sum of N4.7 million for failing to obtain the Nigerian Stock Exchange’s (NSE’s) prior written approval before publication in year 2012. This is contained in schedule […]
