Category: Capital Market/Banking

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...
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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...
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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...
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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...
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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...
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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...
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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...
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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...
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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...
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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 ...
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NSE All-Share Index Records 1.38 Per Cent Growth
January 7, 2020 No Responses

NSE All-Share Index Records 1.38 Per Cent Growth

Activities on the Nigerian Stock Exchange (NSE) reopened for the week on Monday on a bullish trend with the All-Share Index crossing 27,000 mark following buying interest in Dangote Cement. Specifically, the index which opened at 26,968.79 inched 370.89 points...
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SEC Nigeria Explains Agenda For Derivatives Trading In 2020
January 6, 2020 No Responses

SEC Nigeria Explains Agenda For Derivatives Trading In 2020

Developing an efficient derivatives trading market is one of the top priorities of the Securities and Exchange Commission (SEC) in 2020, Acting Director General, Ms. Mary Uduk has said Derivatives are securities that derive their value from an underlying secur...
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NSE Market Capitalisation Crosses N13tri Mark
January 4, 2020 No Responses

NSE Market Capitalisation Crosses N13tri Mark

The market capitalisation of the Nigerian Stock Exchange (NSE) on Friday sustained a positive trend, crossing to N13 trillion mark on the second trading day of 2020. Specifically, the market capitalisation rose by N49 billion to close at N13. 019...
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NSE Resumes 2020 With 0.10 Per Cent Growth
January 3, 2020 No Responses

NSE Resumes 2020 With 0.10 Per Cent Growth

The Nigerian Stock Exchange (NSE) resumed trading for 2020 on a positive trend with the benchmark index appreciating by 0.10 per cent following investors’ interest in MTN Nigeria stock. Specifically, the All-Share Index which opened trading for the year on.....
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