Capital Market/Banking Archives — City Business News

January 26, 2022 No Responses

Fitch Affirms Ecobank Nigeria’s Stable Outlook

Fitch Ratings has affirmed Ecobank Nigeria Limited’s (ENG) Long-Term Issuer Default Rating (IDR) at ‘B-‘ with a Stable Outlook. Fitch has simultaneously upgraded the bank’s National Short-Term Rating to ‘F2(nga)’ from ‘F3(nga)’. According to Fitch, the IDRs of Ecobank Nigeria...

January 26, 2022 No Responses

Emefiele: Food Prices Will Moderate In 2022

The Central Bank of Nigeria (CBN) on Tuesday assured Nigerians that food prices would not accelerate the way people had anticipated in 2022. The CBN Governor, Mr Godwin Emefiele, said this while answering questions from the press after presenting the...

January 26, 2022 No Responses

SEC: No Extension Of 2022 License Renewal Exercise After January 31

The Securities and Exchange Commission (SEC) has warned Capital Market Operators (CMOS) and relevant stakeholders that the Jan 31 deadline for renewal of registration licence will not be extended. SEC, in a circular posted on its website, said that ...

January 24, 2022 No Responses

Fidelity Bank Unveils Alert In Millions Season 5 Winners

Fidelity Bank Plc has announced the second set of millionaires in its Get Alert in Millions Season 5 promo (GAIM 5). The event, held in Victoria Island, Lagos State was witnessed by representatives of regulatory organisations which include: Ms Oyinkan Kus...

January 22, 2022 No Responses

FMDQ Exchange Admits Babban Gona N15b Commercial Paper

FMDQ Securities Exchange Limited (FMDQ Exchange), has approved the registration of the Babban Gona Farmer Services Nigeria Limited N15 billion Commercial Paper (CP) Programme on its platform. A statement issued on Friday explained that the approval came ...

January 21, 2022 No Responses

DMO’s Bond Auction Records N300b Over Subscription

The Debt Management Office (DMO) has revealed that the just concluded Federal Government of Nigeria (FGN) bond auction for January was oversubscribed. In a statement on Thursday, DMO explained that the auction received a total of 160 bids, adding that...

January 20, 2022 No Responses

SEC Lauds NGX, CSCS, Others On Market Development

The securities and Exchange Commission has commended the Nigerian Exchange Limited, the Central Securities Clearing System and other capital market stakeholders for professionally working to develop the Market while pulling through the challenges brought by Co...

January 20, 2022 No Responses

FIRSTBANK REWARDS TRANSACT AND WIN PROMO CUSTOMERS

Getting rewarded for spending money is a dream that is probably going to remain exciting for many people, but not for the Firstmonie Wallet users. In a two month Transact and Win campaign that started on November 22, 2021, First...

January 17, 2022 No Responses

Dangote Advocates Unity Among Africans As Afreximbank Unveil Centralised Payment, Settlement Infrastructure Platform

President of Dangote Group, Aliko Dangote, has charged African leaders and citizens to be united in the promotion of the continent’s intrinsic greatness through improved trade relations amongst African countries. Speaking at the formal launch of the Pa...

January 15, 2022 No Responses

FMDQ Admits MeCure Industries Commercial Papers

FMDQ Securities Exchange has approved the quotation of the MeCure Industries Ltd Series 1 and Series 2 Commercial Papers (CPs) on its platform. In a statement issued on Friday, FMDQ explained that the Series 1 (N0.49 billion) and Series 2...

January 14, 2022 No Responses

Opinion: Nigerian Shares Steady But Dollar Sinks As Investors Digest Inflation Data

By Lukman Otunuga, Senior Research Analyst at FXTM — Nigerian shares hovered around 2021 highs on Thursday, gaining over 4.4% year-to-datedespite the December U.S. inflation report reinforcing Fed rate hike expectations. The U.S. consumer price index (CP...

January 10, 2022 No Responses

Ecobank Restates Commitment To Pan African Trade, AfCFTA

Ecobank has reiterated that it remains the partner of choice in Africa for export trade because of its unique positioning, wide network, pan African payment switch, settlement capabilities, award winning digital products and strategic focus. Kola Adeleke, Exec...

January 8, 2022 No Responses

NGX Sustains Growth By N130b On BUA Foods Rally

The bulls sustained trading on the nation’s bourse on Friday with the market capitalisation extending growth by N130 billion. Specifically, the market capitalisation which opened at N23.497 trillion rose by N130 billion to close at N23.627 trillion.&nb...

January 6, 2022 No Responses

BUA Foods Lists 18b Shares On NGX

BUA Foods has listed 18 billion ordinary shares at N40 per share on the Nigerian Exchange Ltd (NGX). At the end of Wednesday transaction, the listing of BUA Foods’ shares by introduction under the Consumer Goods sector of the NGX added...