Category: Capital Market/Banking

ABCON To CBN: Sustain Robust FX Policy In 2020
January 24, 2020 No Responses

ABCON To CBN: Sustain Robust FX Policy In 2020

The President, Association of Bureau De Change Operators of Nigeria (ABCON),  Alhaji Aminu Gwadabe, on Thursday urged the Central Bank of Nigeria (CBN) to sustain its robust foreign exchange policy in 2020. According to Gwadabe, the stability of the naira...
read more
NSE Sustains Growth With N114billion
January 18, 2020 No Responses

NSE Sustains Growth With N114billion

The Nigerian Stock Exchange (NSE) All-Share Index on Friday rose by 0.90 per cent in spite of rise in inflation rate recorded in December 2019. The News Agency of Nigeria (NAN) reports that the index rose by 265.39 points or...
read more
Market Capitalisation Recovers N150b
January 17, 2020 No Responses

Market Capitalisation Recovers N150b

After two days of loss, trading activities rebounded on the Nigerian Stock Exchange (NSE) on Thursday following investors’ interest in some highly capitalised equities.Specifically, the market capitalisation of listed equities grew by N150 billion or one per...
read more
ICPC To Track Fraudulent Activities In Capital Market
January 15, 2020 No Responses

ICPC To Track Fraudulent Activities In Capital Market

“I understand the need to protect investors because the capital market has been so badly affected by the activities of fraudulent individuals and organizations, Chairman, Independent Corrupt Practices and other Related Offences Commission (ICPC), Prof Bolaji...
read more
NSE Projects Outlook For 2020
January 14, 2020 No Responses

NSE Projects Outlook For 2020

The Chief Executive Officer, Nigerian Stock Exchange (NSE), Mr Oscar Onyema on Monday presented the key performance of the Exchange in 2019 and gave a prognosis for the market in the New Year 2020. Speaking at the event titled: 2019...
read more
MTN Appreciates Further On NSE
January 14, 2020 No Responses

MTN Appreciates Further On NSE

The Nigerian Stock Exchange (NSE) resumed trading for the week on Monday still on a bullish trend following investors’ interest in MTN Nigeria Communication due to the tax debt reprieve. The News Agency of Nigeria (NAN) reports that MTNN appreciated...
read more
SEC Boss: Market Regulation Now More Efficient with Technology
January 13, 2020 No Responses

SEC Boss: Market Regulation Now More Efficient with Technology

Regulation of the market in a technology driven era is now more efficient, Acting Director General, Securities and Exchange Commission (SEC), Ms. Mary Uduk has said  According to Uduk, the Agency is stepping up use of Technology in regulation to...
read more
Access Bank Refutes Alleged Arrest OF GMD
January 12, 2020 No Responses

Access Bank Refutes Alleged Arrest OF GMD

Access Bank PLC has refuted the alleged arrest of its Group Managing Director, Mr. Herbert Wigwe by the Economic and Financial Crimes Commission (EFCC). The bank, in a statement signed by Sunday Ekwochi, Company Secretary said the Commission had invited...
read more
NAMA: Our Navigational, Landing Aids Remain Serviceable
January 10, 2020 No Responses

NAMA: Our Navigational, Landing Aids Remain Serviceable

The Nigerian Airspace Management Agency (NAMA) on Thursday explained that its navigational and landing aids remain serviceable.The News Agency of Nigeria (NAN) reports that the Nigerian Air Traffic Controllers Association (NATCA) had earlier issued a statement...
read more
BUA Cement Emerges Third Largest Listed Firm On NSE
January 10, 2020 No Responses

BUA Cement Emerges Third Largest Listed Firm On NSE

BUA Cement Plc on Thursday emerged the third largest company on the Nigerian Stock Exchange (NSE) with the listing of 33.86 billion ordinary shares at N35 per share.  The development added N1.18 trillion to the NSE market capitalisation. Speaking on...
read more
CBN Retains Minimum 65% Loan Deposit Ratio
January 9, 2020 No Responses

CBN Retains Minimum 65% Loan Deposit Ratio

The Central Bank of Nigeria (CBN)has retained the minimum 65 per cent of Loan Deposit Ratio (LDR) in the interim. The CBN made this known in a circular signed by its Director of Banking Supervision, Mr Ahmad Abdullahi in Abuja...
read more
Market Capitalisation Recovers N417billion
January 9, 2020 No Responses

Market Capitalisation Recovers N417billion

The Nigerian Stock Exchange (NSE) on Wednesday extended positive sentiment with the market capitalisation appreciating by N471 billion. Specifically, the market capitalisation which opened at N13.316 trillion inched N471 billion or 3.54 per cent to close at N1...
read more
World Bank: Developing Economies To Record 4.1% Growth In 2020
January 9, 2020 No Responses

World Bank: Developing Economies To Record 4.1% Growth In 2020

The World Bank says due to growth in emerging market, developing economies are expected to accelerate to 4.1 per cent in 2020. The bank made this known in a statement in Abuja on Wednesday. It explained that this rebound was...
read more
UBA Africa Appoints Alawuba CEO
January 7, 2020 No Responses

UBA Africa Appoints Alawuba CEO

United Bank for Africa Plc (UBA) on Monday announced the appointment of Oliver Alawuba as Chief Executive Officer of UBA Africa, overseeing UBA’s operations in 20 countries in Africa ex-Nigeria.  A statement signed by Group Company Secretary, Bili Odum ...
read more
1 … 119 120 121 122 123 … 182