07 May 2021 Newspaper Summary (Financial Markets)

(Thisday, BusinessDay, Daily trust & Tribune)

Section 1: Banking & Capital Markets Analysis

Section 2: Pensions & Insurance Analysis

Section 3: Related Adverts, Notices and Announcements

Click on the headlines to read the full stories, or view available clippings below the table. Get the complete

digital version of the newspapers on www.epapervendor.com.

Headlines Summaries Newspapers Page:

Section 1: Banking & Capital Markets Analysis

Bloomberg: Zenith,

Access Banks Express

Interest to Acquire Union

Bank

In this news item, Thisday reported that Two Nigerian

lenders - Zenith Bank Plc and Access Bank Plc - are

among the list of financial institutions from Africa and the

Middle East that have indicated an interest in the

acquisition of Union Bank Plc and other African assets of

Atlas Mara Group.

Thisday p1,

p42

CBN Extends ‘Naira 4

Dollar Scheme’ to Sustain

Gains

In this news item, Thisday reported that the Central Bank

of Nigeria (CBN) yesterday extended indefinitely its

'Naira 4 Dollar Scheme’ introduced to encourage

remittances from Nigerians in the Diaspora.

Thisday p8

The AfCFTA can

Transform African

Economies, but it will Stall

without the Right

Infrastructure

In this piece, Sipho Makhubela writes about the potential

of African Continental Free Trade Area (AfCFTA), which

covers 55 countries that are home to 1.3 billion people

and a collective GDP of $3.4 trillion, to transform the

continent’s economic prospects.

Thisday p33

Why Access is not

Inclusion

In this piece, Tomilola Adejana, who is the co-founder

and CEO at Bankly, a digital savings and peer to peer

transfer product, chronicles her thoughts on why banking

should be as easy and affordable as fast-moving

consumer goods to reach Nigeria’s banked and

underbanked.

Thisday p35

New FRCN Boss Vows to

Enforce Accounting

Standards in SEC, Others

In this news item, Thisday reported that the newly

appointed Executive Secretary/Chief Executive, Financial

Reporting Council of Nigeria (FRCN), Alhaji Shuaibu

Ahmed, yesterday said, he is committed to the

enforcement of accounting standards, supervision and

collaboration with regulatory supervisory bodies including

the Securities and Exchange Commission (SEC), Central

Bank of Nigeria (CBN) and the National Pension

Commission (PenCom).

Thisday p38

Babalola, Hassan-

Odukale Visit FBN Group

In this news item, Thisday reported that the newly

appointed chairmen of FBN Holdings Plc and its

subsidiary, First Bank of Nigeria Limited, Remi Babalola

and Tunde Hassan-Odukale, have paid a scheduled visit

to the head office of the FBN Group.

Thisday p38

Shareholders Hail Sterling

Bank

In this news item, Thisday reported that Shareholders of

Sterling Bank Plc have commended the board and

management of the bank forthe display of resilience,

improved financial performance and returns on

investment in 2020 despite the adverse impact of the

Covid-19 pandemic on the global and local economic

environment.

Thisday p38

Crypto asset investors

hold for longer as market

confidence grows (Please

read the news below the

table)

In this news item, BusinessDay reported that Investors

are holding their crypto assets longer than they are used

to before trading them for profits, according to new

insights from Glassnode.

BusinessDay p19

First Bank’s agent network

return N6.65tr in value of

transactions (Please read

the news below the

table)

In this news item, BusinessDay reported that Frst Bank

of Nigeria’s growing agent network may soon be its most

profitable venture, as the Firstmonie agents have swelled

with 100,000 people across the country, and processed

over 295 million transactions with a total value of N6.65

trillion making it one of the profitable units of the bank in

2020.

BusinessDay p19

Nigeria equities shed over

N370bn in 3 days

In this news item, BusinessDay reported that Bears are

seemingly controlling activities in Nigeria’s stock market,

as evidenced in the record consecutive negative closes

in three out of the four-day trading week.

BusinessDay p25

6 in 10 Nigerians open to

crypto as payment -

Mastercard report

In this news item, BusinessDay reported that according

to the latest results from Mastercard New Payment

Index, the adoption of digital payment channels has

grown to an extent that 96 percent of Nigerian

consumers will consider using at least one emerging

payment method, such as cryptocurrency, biometrics,

contactless, or QR code, in the next year.

BusinessDay p29

Women in Business:

NANCY NNADI

and

FAITH ADOLE

NANCY NNADI - Founder/CEO Agunancy Nigeria

Limited, and FAITH ADOLE - Founder/CEO of U-VOL

Foundation, Inc.

BusinessDay p32

Banks’ suffocating taxes

on customers

In piece, Daily Trust writes about how bank customers

are overtaxed, and that if government is pressed to

increase its revenue, there are other ways to do it rather

than slamming bank customers with numerous taxes in

form of charges and VAT.

Daily Trust p13

Nigeria loses N53.2tr to

illicit financing in 14 yrs

In this news item, Daily Trust reported that the House

ouse of Representatives has called for stringent

measures in tackling Illicit Financial Flows (IFF) as

Nigeria has lost $140 billion (about N53.2 trillion) to this

in 14 years.

Daily Trust p16

Jaiz Bank records N979m In this news item, Daily Trust reported that Jaiz Bank Plc Daily Trust p16

in 3 months has recorded N979.17 million in the first three months of

this year, its financial result for the first quarter ended 31

March 2021 released to the Nigerian Stock Exchange,

has shown.

Operators tasked on

improved taxation

In this news item, Daily Trust reported that operators in

the tax sector have been urged to evolve practical ways

of overcoming challenges to ensure Nigeria benefits

more from taxes.

Daily Trust p18

Experts laud extension of

Naira4Dollar scheme by

CBN

In this news item, Nigerian Tribune reported that experts

on Thursday day commended the Central Bank of

Nigeria (CBN) for extending the Naira4Dollar scheme

expected to close on May 8.

Nigerian

Tribune

p6

MTN Nigeria, Dangote

Cement losses dips

equities market further by

0.8%

In this news item, Nigerian Tribune reported that the

Nigerian Exchange (NGX) records third consecutive

decline on Thursday, as investors sold off MTN Nigeria (-

4.7 percent) and Dangote Cement stocks (-2.5 percent).

Nigerian

Tribune

p7

Section 2: Pensions & Insurance Analysis

NDIC Boss Harps on High

Ethical Standards in

Banking Industry

In this news item, Thisday reported that the Managing

Director/Chief Executive of the Nigeria Deposit Insurance

Corporation (NDIC), Mr. Bello Hassan, yesterday

stressed the need for banking professionals to comply

with the high standards in ethics and professionalism in

the industry.

Thisday p45

Lasaco signs Akinnifesi as

new ambassador

In this news item, BusinessDay reported that one of

Nigeria’s top insurers, Lasaco Assurance, has unveiled

Nigerian international super model and former ‘Most

Beautiful Girl in Nigeria’, Miss Omowunmi Akinnifesi as

its new brand ambassador.

BusinessDay p27

‘How MFBs can boost

micro-insurance’

In this news item, Daily Trust reported that the Central

Bank of Nigeria (CBN) and financial sector experts have

called for collaborative efforts among microfinance banks

(MFBs) to promote the expansion of micro-insurance as

a tool for deepening financial inclusion.

Daily Trust p18

NDIC boss wants better

synergy with CIBN

In this news item, Nigerian Tribune reported that

Managing Director and Chief Executive of the Nigeria

Deposit insurance Corporation (NDIC), Bello Hassan has

stressed the need for effective collaboration between

regulators and operators in the banking system for the

establishment of sound ethics and professionalism in the

banking industry.

Nigerian

Tribune

p6

Section 3: Related Adverts, Notices and Announcements

VFD Group Right Issue of 7,452,054 ordinary shares of 50 kobo each at N556 per

share

Thisday p12

NEM Insurance PLC: Statement of financial position as at 31st March, 2021 Thisday p27

AMCON Property Auction: Samurira Ventures Integrated Services Ltd, Confidential

Relators, and Tana Fazah Nigeria Ltd -28

Thisday P28

Market Indicators, Money and Credit Statistics (Million Naira), Money Market Thisday p38

Indicators (In Percentage), And OPEC Daily Basket Price as at TUESDAY, 4 May

2021

Prices for Securities Traded as of 06/05/2021 Thisday p39

DAILY PRICE LIST FOR MUTUAL FUNDS, REITS and ETFS Thisday p40

Businessday Market Monitor: Report on NSE, Alpha Morgan capital, Bitcoin, BDC

Exchange Rate, and FMDQ Close

BusinessDay p1

NASD OTC Daily Market Summary (Thursday, 06 May 2021) BusinessDay p6

Sovereign Trust Insurance PLC: Statement of financial position as at 31 March 2021 BusinessDay p8

The Exchanges: Top Gainers/Losers as at Thursday 06 May 2021 BusinessDay p25

STOCK INDEX AS AT THURSDAY 6, 2021 Daily Trust p2

CBN Exchange Rates, Commodity Price (April 29, 2021), and Bureau De Change

Rates

Daily Trust p16

Jaiz Bank PLC: Statement of financial position as at 31 March 2021 Daily Trust p21

Nigeria Stock Exchange Summary (Thursday, May 6, 2021) Daily Trust p32

Please scroll down to view the newspaper clippings below.

Newspaper Clippings

BusinessDay p19

• Crypto asset investors hold for longer as market confidence grows

• First Bank’s agent network return N6.65tr in value of transactions

Adverts, Notices and Announcements

Thisday p12, p27, P28, p38

Thisday p39, p40, BusinessDay p1, p6, p8

BusinessDay p6, p8, p25

Daily Trust p2, p16, p21, p32