Category: Capital Market/Banking

SEC Nigeria Vows To Flush Out Illegal Operators
August 20, 2020 No Responses

SEC Nigeria Vows To Flush Out Illegal Operators

The new Director-General of the Securities and Exchange Commission (SEC), Dr Lamido Yuguda, on Thursday vowed to clamp down on illegal operators luring unsuspecting investors in the market.   Yuguda said  this in an address delivered at the first Capital...
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Market Capitalisation Extends Growth By N18b
August 20, 2020 No Responses

Market Capitalisation Extends Growth By N18b

Trading on the Nigerian Stock Exchange (NSE) maintained positive trend on Thursday for the third consecutive days, as its indices increased further by 0.13 per cent.   Specifically, the All-Share Index increased by 33.28 points 0.13 per cent to close...
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C&I Leasing To Float N10b Bond
August 19, 2020 No Responses

C&I Leasing To Float N10b Bond

C & I Leasing Plc has perfected plans to raise N10 billion from the capital market through bond issuance for debt refinancing and to boost capital structure.   Mr Andrew Otike-Odibi, the company’s Managing Director/Chief Executive Officer, disclosed thi...
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Market Capitalisation Recovers N2b
August 18, 2020 No Responses

Market Capitalisation Recovers N2b

The key market indices of the nation’s bourse on Tuesday rebounded marginally by 0.02 per cent, due to gains posted by 16 stocks.   Specifically, the All-Share Index rose by 3.82 points or 0.02 per cent to close at 25,136.49...
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Dollars Scarcity Worsens, Naira Drop To N480
August 18, 2020 No Responses

Dollars Scarcity Worsens, Naira Drop To N480

The scarcity of dollars at the parallel market on Tuesday in Lagos forced the Naira down to N480 to a dollar.   The News Agency of Nigeria (NAN) reports that the Pound Sterling and the Euro exchanged at N610 and N550, respectively.   Trading...
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Market Capitalisation Records N35b Loss
August 17, 2020 No Responses

Market Capitalisation Records N35b Loss

The Nigerian Stock Exchange (NSE) opened trading for the week on Monday with a loss of N35 billion, amid weak sentiments.   Market capitalwithion, which opened at N13.145 trillion inched lower by N35 billion or 0.27 per cent, to close...
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SEC Nigeria Holds 1st CMC Meeting In 2020
August 16, 2020 No Responses

SEC Nigeria Holds 1st CMC Meeting In 2020

The Securities and Exchange Commission (SEC) on Sunday announced that the first Capital Market Committee (CMC) meeting in 2020 is scheduled to hold from Thursday August 20 to Friday August 21, 2020.     A CMC Meeting planned for April 2020 could n...
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NSE Turnover Rises by 86.97%, Other Indices Down 0.15%
August 14, 2020 No Responses

NSE Turnover Rises by 86.97%, Other Indices Down 0.15%

The volume of shares traded on the Nigerian Stock Exchange (NSE) on Friday rose by 86.97 per cent, just as the market indices dipped by 0.15 per cent.   Specifically, investors traded 482.52 million shares valued at N4.52 billion in 3,897...
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MTN Nigeria Lifts Market Indices Further By 0.38 Per Cent
August 13, 2020 No Responses

MTN Nigeria Lifts Market Indices Further By 0.38 Per Cent

Transactions maintained upward trend on Thursday with the market indicators appreciating further by 0.38 per cent, amid MTN Nigeria gains.   Specifically, the All- Share Index rose by 95.49 points or 0.38 per cent to close at 25,236.97 compared with...
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Ecobank Nigeria Unveils Business App
August 13, 2020 No Responses

Ecobank Nigeria Unveils Business App

Ecobank Nigeria has launched an Application for Businesses. Known as Omni Lite App, it is targeted at enhancing the banking experience of its large pool of Commercial Banking customers. A statement explained that the  Ecobank Omni Lite App is a highly secur...
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Market Capitalisation Recovers N135b
August 12, 2020 No Responses

Market Capitalisation Recovers N135b

The Nigerian Stock Exchange (NSE) on Wednesday posted first week gain with the market capitalisation rebounding by N135 billion, amid renewed investor interest.   Speficially, the market capitalisation inched higher by N135 billion or 1.04 per cent to close a...
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Rivers Seeks N18b Loan From Access Bank
August 11, 2020 No Responses

Rivers Seeks N18b Loan From Access Bank

Rivers State Governor, Nyesom Wike has requested consent of the State House of Assembly to borrow N18billion  from Access Bank Plc for the construction of a flyover and two major internal roads in Port Harcourt, the state capital.  The Speaker, Mr...
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Heritage Bank Partners CBN On Improved Investment, Job creation
August 10, 2020 No Responses

Heritage Bank Partners CBN On Improved Investment, Job creation

Heritage bank Plc in collaboration with the Central Bank of Nigeria (CBN), under the Nigerian Incentive-Based Risk Sharing in Agricultural Lending (NIRSAL) has continued to drive improved investments and job creation.  A statement issued at the weekend explai...
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SUNU Assurances Reports N1.2bn Profit
August 8, 2020 No Responses

SUNU Assurances Reports N1.2bn Profit

For the 2019 financial year, SUNU Assurances Nigeria Plc has announced N1.2 billion profit, compared to N914 million attained in 2018.  Speaking during the virtual 33rd Annual General Meeting of the compan...
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