Category: Capital Market/Banking

TSA Yields N30trillion
May 14, 2019 No Responses

TSA Yields N30trillion

The Accountant-General of the Federation (AGF), Idris Ahmed, on Monday explained that seven years after it was created, the Treasury Single Account (TSA) has yielded more than 30 trillion for the Federal Government,  . Speaking with Journalists  on the sideline...
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SEC Boss: Commodities Market will Aid Economic Diversification
May 14, 2019 No Responses

SEC Boss: Commodities Market will Aid Economic Diversification

The Commodities Trading Ecosystem has been described as an important market that is capable of playing a strong role in the nation’s diversification efforts as being championed by the present administration. This was stated by the Acting Director General of....
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‘No Monies Missing, Stolen In CBN’
May 13, 2019 No Responses

‘No Monies Missing, Stolen In CBN’

The Management of the Central Bank of Nigeria (CBN) has been notified of a purported audio recording of selective conversations amongst the Governor, Deputy Governor and some Senior Officials. Contrary to the headline-grabbing narrative that the discussion was...
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Naira Remains Stable At Parallel Market
May 10, 2019 No Responses

Naira Remains Stable At Parallel Market

The Naira on Thursday remained stable at the parallel market in Lagos, exchanging at N359.3 to the dollar. The Pound Sterling and the Euro traded at N472 and N402, respectively. At the Bureau De Change (BDC) window, the naira was...
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Buhari Reappoints Emefiele As CBN Governor For Second Term
May 9, 2019 No Responses

Buhari Reappoints Emefiele As CBN Governor For Second Term

President Muhammadu Buhari has reappointed the Governor of the Central Bank of Nigeria, Godwin Emiefele, for a second and final term of five years.A letter to the Senate seeking Mr Emefiele’s confirmation was on Thursday  read out by Senate Preside...
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Uwaleke To Investors: Leverage On Low Prices Of Stock
May 8, 2019 No Responses

Uwaleke To Investors: Leverage On Low Prices Of Stock

A Professor of Finance & Capital Market, Uche Joe Uwaleke has advised investors to take advantage of the  prevailing low equities pricing in the Nigerian  stocks market to boost their investment opportunities. Uwaleke, who is also the head, Banking ...
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CBN Lifts Forex Market With $205m
May 8, 2019 No Responses

CBN Lifts Forex Market With $205m

The interbank segment of the Foreign Exchange Market has received a boost of $205 million from the Central Bank of Nigeria (CBN) following the sales concluded on Tuesday, May 7, 2019.  Figures obtained from the CBN indicated that authorized dealers...
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MSMEs: AfDB, Fidelity Bank Seal $15.35b MoU
May 8, 2019 No Responses

MSMEs: AfDB, Fidelity Bank Seal $15.35b MoU

The African Development Bank (AfDB) has extended a $50 million (about N15.35 billion) facility to Fidelity Bank Plc for the growth of Micro Small and Medium Enterprises (MSMEs). The facility is designed to boost the bank’s capacity to promote the...
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Financial Literacy Team Visits FIRS Boss, Explains Capital Market Studies Curriculum
May 7, 2019 No Responses

Financial Literacy Team Visits FIRS Boss, Explains Capital Market Studies Curriculum

There are indications that the proposed stand-alone curriculum on Capital Market Studies, CMS, will soon be infused into carrier subjects in Basic and Secondary Schools in Nigeria.This indication was given by the Chairperson of the Financial Literacy Technical...
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SEC Receives MTN’s Application For Listing on Nigerian Stock Exchange
May 6, 2019 No Responses

SEC Receives MTN’s Application For Listing on Nigerian Stock Exchange

The Securities and Exchange Commission (SEC) on Monday disclosed  that MTN Nigeria has formally applied for listing by introduction on the Nigerian Stock Exchange (NSE). SEC Head, Corporate Communications, Efe Ebelo,  who confirmed the development explaine...
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Textile Smuggling: CBN To Blacklist Banks, Firms, Individuals
May 6, 2019 No Responses

Textile Smuggling: CBN To Blacklist Banks, Firms, Individuals

To revive Nigeria’s moribund cotton, textiles and garments sector, the Central Bank of Nigeria (CBN) on Monday commenced the distribution of cotton seeds and other inputs to farmers in Katsina State.To encourage local textile production, the apex bank also t...
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SEC Urges Beneficiaries Of Deceased Investors To Claim Their Dividends
May 1, 2019 No Responses

SEC Urges Beneficiaries Of Deceased Investors To Claim Their Dividends

In a bid to further reduce the quantum of unclaimed dividends in the Nigerian capital market, the Securities and Exchange Commission, SEC has urged beneficiaries of deceased investors to step up efforts to claim such dividends. This was stated by...
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Panel Recovers N40m From Commercial Bank
May 1, 2019 No Responses

Panel Recovers N40m From Commercial Bank

The Special Presidential Investigation Panel for the recovery of Public Property (SPIP), says it has recovered over 40 million naira for the Federal Government from one of the commercial banks in the country. This was made known in a statement...
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Access Bank XclusivePlus Win Best Affluent Banking Initiative In West Africa
April 30, 2019 No Responses

Access Bank XclusivePlus Win Best Affluent Banking Initiative In West Africa

XclusivePlus, a premium lifestyle proposition by Access bank, designed to provide special privileges and exceptional services to customers has been awarded “Best Affluent Banking Initiative in West Africa 2019” at the prestigious Asian Banker Awards held a...
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