CBN boosts foreign exchange market with $210m

CBN boosts foreign exchange market with $210m

The Central Bank of Nigeria (CBN) has boosted the inter-bank foreign exchange market with $210 million  to meet customers’ requests in various segments of the market. The Bank’s acting Director, Corporate Communications, Mr Isaac Okorafor, in a statement on Monday...
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Onyema: We are hopeful that Demutualization Bill will be signed into law in 2018

Onyema: We are hopeful that Demutualization Bill will be signed into law in 2018

The Nigerian Stock Exchange (NSE) held its 2017 Market Recap & Outlook for 2018 on Tuesday, January 16, 2018, at the Stock Exchange House, Lagos.   This annual event is a forum for the Chief Executive Officer of NSE, Mr....
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NSE elevates Tinuade Awe as Executive Director for Regulation

NSE elevates Tinuade Awe as Executive Director for Regulation

The Nigerian Stock Exchange (NSE) announced on Monday the promotion of Ms Tinuade Awe to Executive Director, Regulation with effect from 1 January, 2018.    Already, her appointment has received regulatory approval. As Executive Director, Regulation in the N...
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CBN injects $210m into foriegn exchange market

CBN injects $210m into foriegn exchange market

The Central Bank of Nigeria (CBN) has injected another 210 million dollars into the inter-bank Foreign Exchange Market to meet customers’ requests in various segments.  Giving a breakdown of the intervention, the bank’s acting Director, Corporate Communic...
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NSE trading index drops by 0.33 per cent

NSE trading index drops by 0.33 per cent

Activities on the Nigerian Stock Exchange All-Share Index on Friday bowed to profit taking halting the six-day price rally with the All-Share Index dropping by 0.33 per cent. The News Agency of Nigeria (NAN) reports that the index lost 142.64...
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7UP shareholders approve Affelka’s acquisition of 26.8 per cent stake

7UP shareholders approve Affelka’s acquisition of 26.8 per cent stake

Seven-Up Bottling Company Plc shareholders on Thursday approved the Scheme of Arrangement for the acquisition of 26.8 per cent shares by Affelka South Africa.  The shareholders gave the approval at the Court-Ordered meeting convened at the instance of the Fed...
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World Bank: Nigeria’s economy to grow by 2.5% in 2018

World Bank: Nigeria’s economy to grow by 2.5% in 2018

The World Bank forecasts that economic growth in Nigeria would edge up to at least 2.5 per cent in 2018, as the country benefits from improved commodity prices, investments and trade. According to the World Bank’s January 2018 Global Economic...
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‘Oando’s forensic audit to commence this month’

‘Oando’s forensic audit to commence this month’

There is no going back on the forensic audit of Oando Plc,  the Acting Director-General of the Securities and Exchange Commission (SEC), Mr. Abdul Zubair, has said.    Speaking at a press briefing in Abuja on Tuesday, Zubair said the...
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NSE Photo News

NSE Photo News

L – R shows Tinuade Awe, Head, Legal and Regulation Division, The Nigerian Stock Exchange (NSE); Joke Silva, Nollywood Veteran; Bola Adeeko, Head, Corporate Services Division, NSE; Olu Jacobs, Nollywood Veteran receiving a replica of the gong during the End....
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NSE emerges one of the top five best performing exchange in 2017

NSE emerges one of the top five best performing exchange in 2017

The value of public companies on global stock markets grew by $12.4 trillion in 2017, according to S&P Dow Jones Indices, which included dividends in its calculation.   According to CNN, a  number of markets even outperformed the U.S. Here’s...
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NSE Photo News

NSE Photo News

L – R: Mr. Mohammed Olatunde Amolegbe, 2nd Vice President, Chartered Institute of Stockbrokers (CIS); Mr. Oluwaseyi Abe, President, CIS; Mr. Oscar N. Onyema, OON, Chief Executive Officer, The Nigerian Stock Exchange (NSE) and Newly Inducted Associate Member ...
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