Category: Capital Market/Banking

Milk Importation: CBN Clears Nestle, Promasidor, Four Others
February 11, 2020 No Responses

Milk Importation: CBN Clears Nestle, Promasidor, Four Others

The Central Bank of Nigeria (CBN), has approved six dairy companies operating in the country for the importation of milk products and its derivatives.The CBN made this known in a circular issued by the Director, Trade and Exchange Department, Dr....
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NSE Market Indices Open With 1.05% Loss
February 11, 2020 No Responses

NSE Market Indices Open With 1.05% Loss

The Nigerian equities market resumed trading for the week on Monday still on a negative trend with the market indices nosediving by 1.05 per cent. Speficially, the All-Share Index lost 294.90 points or 1.05 per cent to close at 27,772.19...
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Tony Elumelu Foundation Disburses $5m Partnership Commitment From AfDB
February 10, 2020 No Responses

Tony Elumelu Foundation Disburses $5m Partnership Commitment From AfDB

Tony O. Elumelu, CON, has congratulated the African Development Bank (AfDB), and AfDB President Akinwumi Adesina, on their commitment to African entrepreneurship, with the disbursement of $2.5million seed capital to the AfDB-sponsored beneficiaries of the 2019...
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NSE Emerges Second Largest ETF Market In Africa
February 8, 2020 No Responses

NSE Emerges Second Largest ETF Market In Africa

The Nigerian Stock Exchange (NSE) has emerged the second largest Exchange Traded Fund (ETF) market in Africa with current market capitalisation of N6.9 billion. Mr Oscar Onyema, NSE Chief Executive Officer, stated this on Friday at the Smart Investment Worksho...
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Fidelity Bank Appoints Isa Inuwa Non-Executive Director
February 6, 2020 No Responses

Fidelity Bank Appoints Isa Inuwa Non-Executive Director

The Board of Directors of Fidelity Bank Plc has announced the appointment of Alhaji Isa Mohammed Inuwa as an Independent Non-Executive Director of the Bank.A statement issued on Thursday explained that the Nigerian Stock Exchange (NSE) has been notified of...
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Demutualisation: NSE to hold Court-Ordered Meeting
February 5, 2020 No Responses

Demutualisation: NSE to hold Court-Ordered Meeting

Ahead of its demutualisation exercise, the Nigerian Stock Exchange (NSE) is set to hold a Court-Ordered Meeting with its members on March 3, 2020.The notice of the meeting obtained by the News Agency of Nigeria (NAN) in Lagos stated that...
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NSE Opens February Trading With N160b Loss
February 4, 2020 No Responses

NSE Opens February Trading With N160b Loss

In spite of an influx of unaudited 2019 full year results, trading on the nation’s bourse opened for February on a bearish posture, as investors’ sentiment remained weak. Consequently, the NSE All-Share Index on Monday lost 310.13 points or 1.08...
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Finance Act Represents Landmark Achievement For Nigerian Capital Market‘
February 3, 2020 No Responses

Finance Act Represents Landmark Achievement For Nigerian Capital Market‘

By Citybusinessnews@yahoo.com The Chief Executive Officer, Nigerian Stock Exchange (NSE), Oscar Onyema on Monday described the signing of the Finance Bill into law as a landmark achievement for the Nigerian Capital Market.In a welcome address at a symposi...
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How To Attract Investors To African Capital Markets, By Fourier, CEO, JSE
February 3, 2020 No Responses

How To Attract Investors To African Capital Markets, By Fourier, CEO, JSE

Most African Capital Markets are too small to attract the attention of international investors, the Chief Executive Officer, Johannesburg Stock Exchange (JSE), Dr Leila Fourie has said.  To reverse the trend, Fourier has called for adequate liquidity thro...
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SEC Boss : Private Equity Firms Are Agents of Economic Growth
February 3, 2020 No Responses

SEC Boss : Private Equity Firms Are Agents of Economic Growth

The Acting Director General of the Securities and Exchange Commission, Ms Mary Uduk, has said that Private Equity (PE) firms are important agents of business and economic growth, as they bring capital to business. Uduk spoke at the Udo Udoma...
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Unity Bank To Pay N10m Damages
February 1, 2020 No Responses

Unity Bank To Pay N10m Damages

An Ondo State High Court sitting in Akure, on Friday, ruled in favour of Denki Wire and Cable Nigeria Limited, saying it could not be indebted to the tune of N51 million to Unity Bank Plc. The News Agency of...
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UBA Revamps NextGen Account
February 1, 2020 No Responses

UBA Revamps NextGen Account

United Bank for Africa (UBA) Plc, has revamped its NextGen account which targets students in tertiary institutions and members of the National Youth Service Corps (NYSC), with added features and benefits. A statement issued on Friday explained that NextGen is....
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Interswitch Lists ₦23b Bond On NSE
January 31, 2020 No Responses

Interswitch Lists ₦23b Bond On NSE

The Nigerian Stock Exchange (NSE) on Friday admitted  Interswitch Limited’s N23billion Bond.The Callable Senior Unsecured Bond, with a tenor of seven years, at a fixed rate of 15 percent, is part of a N30 billion Debt Issuance Programme issued through.....
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Market Capitalisation Declines By N96b In January
January 31, 2020 No Responses

Market Capitalisation Declines By N96b In January

The All-Share Index of the Nigerian Stock Exchange (NSE) on Friday closed trading for the month of January below 29,000 mark following the dominance of the bears.Specifically, the index on Friday dipped 187.40 points or 0.65 per cent to close...
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