Category: Capital Market/Banking

NGX All-Share Index Crosses 80,000 Benchmark
January 9, 2024 No Responses

NGX All-Share Index Crosses 80,000 Benchmark

The Nigerian Exchange Ltd (NGX) All-Share Index on Monday crossed significant 80,000 basis points to settle at 80,324.53 benchmark by earning 0.83 per cent or 660 points, as against 79,664.66 recorded on Friday. Consequently, the equity market capitalisation closed at...
read more
UBA Surpasses N1 Trillion Market Capitalisation Mark
January 9, 2024 No Responses

UBA Surpasses N1 Trillion Market Capitalisation Mark

United Bank for Africa (UBA) Plc has joined the group of companies with market capitalisation of over N1 trillion, as its share price value hits N29.90 per share. At the close of trading of the Nigerian Exchange Ltd. (NGX) on...
read more
CBN Disburses $61m To Settle Foreign Airlines’ Trapped Fund
January 8, 2024 No Responses

CBN Disburses $61m To Settle Foreign Airlines’ Trapped Fund

The Central Bank of Nigeria (CBN) has disbursed 61.64 million dollars to foreign airlines through various Deposit Money Banks (DMBs). According to a statement issued by its Acting Director, Corporate Communications, Mrs Hakama Sidi-Ali on Sunday, the disbursem...
read more
NGX, PenCom To Deepen PFAs Equity Participation With Pension Broad Index
January 5, 2024 No Responses

NGX, PenCom To Deepen PFAs Equity Participation With Pension Broad Index

Nigerian Exchange Limited in collaboration with the National Pension Commission (PenCom) launched the NGX Pension Broad Index (NGXPENBRD) on 15 June 2023, which provides a broader benchmark for equities investment by the pension industry.  The NGX Pension...
read more
ICAN Mourns Ex-President, Ijewere
December 30, 2023 No Responses

ICAN Mourns Ex-President, Ijewere

The Institute of Chartered Accountants of Nigeria (ICAN) has announced the passing away of its former president, Mr. Emmanuel Itoya Ijewere. Ijewere, who was the 32nd President of ICAN, passed on Friday morning at 78 years. The 59th President of...
read more
NGX Group Appoints Popoola GMD/CEO, Oscar Onyema Retires
December 29, 2023 No Responses

NGX Group Appoints Popoola GMD/CEO, Oscar Onyema Retires

Further to the receipt of the Securities and Exchange Commission (SEC)’s No-Objection to the announcement of the appointment, Nigerian Exchange Group Plc (NGX Group) has announced the appointment of Mr. Temi Popoola as GMD/CEO designate effective 1 January 2...
read more
Ecobank Reassures Customers Of 24-Hour Digital Banking Services
December 24, 2023 No Responses

Ecobank Reassures Customers Of 24-Hour Digital Banking Services

Ahead of the Yuletide holidays, Ecobank Nigeria has reassured that customers will be able to shop seamlessly and carry out all their transactions via the Ecobank Digital platforms, which include the Ecobank Cards, Ecobank Mobile app, USSD *326#, Ecobank Online...
read more
CBN Unveils Guidelines For Regulating Virtual Assets In Nigeria 
December 23, 2023 No Responses

CBN Unveils Guidelines For Regulating Virtual Assets In Nigeria 

The Central Bank of Nigeria (CBN) has unveiled guidelines for virtual assets as part of measures to allow virtual assets service providers (VASPs) which include cryptocurrencies and crypto assets organizations to open accounts with Nigerian banks.  The de...
read more
CBN Warns PoS Operators, Banks Against Cash Hoarding
December 22, 2023 No Responses

CBN Warns PoS Operators, Banks Against Cash Hoarding

The Central Bank of Nigeria has issued a warning against Deposit Money banks and Point of Sales (PoS) merchants over alleged hoarding of cash in the country.   A circular signed by CBN’s acting director of Corporate Communications, Hakama...
read more
CAMCAN Mourns Former Vice Chairman, Abdul Imoyo
December 20, 2023 No Responses

CAMCAN Mourns Former Vice Chairman, Abdul Imoyo

The Capital Market Correspondents Association of Nigeria (CAMCAN) has expressed sadness over the death of its former Vice Chairman, Mr Abdul Imoyo.  Imoyo breathed his last in the early hours of Dec. 17, 2023, at First Cardiology, Ikoyi, Lagos, after...
read more
Parallex Bank wins UK Reputable Bank award
December 19, 2023 No Responses

Parallex Bank wins UK Reputable Bank award

Parallex Bank Ltd. has been recognised as the Reputable Bank of the Year by the Global Reputation Forum in the United Kingdom. The Chief Executive Officer of Parallex Bank, Dr Olufemi Bakre, who represented the bank at the event, made...
read more
NGX All-Share Index Hits 72,000 Mark
December 14, 2023 No Responses

NGX All-Share Index Hits 72,000 Mark

The All-Share Index (ASI) of Nigerian Exchange (NGX), on Wednesday, crossed the 72,000 mark, increasing to 72,299.79 points.. The figure represents an increase of 392.53 points, representing a 0.55 percent when compared with 71,907.26 recorded at the previous ...
read more
DMO Auctions N360b FGN Bonds
December 6, 2023 No Responses

DMO Auctions N360b FGN Bonds

The Debt Management Office (DMO), on Tuesday announced the offer for subscription of four Federal Government of Nigeria (FGN) bonds valued at N360 billion through auction. According to a statement issued by the DMO, the first offer is April, 2029...
read more
At CFA Investment Summit, Experts Project Africa As Next Best FDIs Frontier
December 4, 2023 No Responses

At CFA Investment Summit, Experts Project Africa As Next Best FDIs Frontier

With over 400 million young Africans getting ready with the right professions, talents and skills set to be exported into the global workforce, the continent stands the chance of emerging the best destination for Foreign Direct Investments (FDIs) by the...
read more
1 … 3 4 5 6 7 … 153