Capital Market/Banking – Page 122

December 30, 2019 No Responses

CIBN: Downward Review Of Bank Charges Will Affect Bottom Line Of Banking Industry

The Chartered Institute of Bankers of Nigeria (CIBN), said on Sunday that the downward review of bank charges would affect the net earnings and income of the Banks. Dr Uche Olowu, the CIBN Chairman, told News Agency of Nigeria (NAN),...

December 25, 2019 No Responses

Nigeria’s Stock Market Ends 2019 In Red

By Chinyere Joel-Nwokeoma (NAN) — With no fewer than six days of trading before the year ends, it is almost certain that transactions on the Nigerian Stock Exchange (NSE) will close in the red zone. The outgoing year is, indeed,...

December 23, 2019 No Responses

AfDB Explains $20bn Investments’ Portfolio In ECOWAS Region

The African Development Bank (AfDB) portfolio investments in the Economic Community of West African States (ECOWAS) region is 20 billion dollars. This is contained in a statement released by the bank’s Communication and External Relations Department on Sunda...

December 23, 2019 No Responses

CBN Reviews Bank Guidelines, Slashes Charges

The Central Bank of Nigeria (CBN), has reviewed downward charges and fees for banking services. This is contained in the new guidelines for banks, other financial, and non-bank financial institutions released by the apex bank on Sunday in Abuja. According...

December 22, 2019 No Responses

Presco Exceeds 2019 Target, Lauds Border Closure

– A key player in the agricultural sector of Nigerian Stock Exchange (NSE), Presco Plc has ended 2019 business year on a happy note.Addressing workers at a ceremony to end the year on Saturday, Managing Director, Felix Nwabuko also commended...

December 21, 2019 No Responses

Building Resilient African Capital Markets

By Thapelo Tsheole — From 25-26 November 2019, over three hundred capital markets participants converged in Kasane in Botswana to attend the 23rd Annual General Meeting and Conference of the African Securities Exchanges Association (ASEA) hosted by Botsw...

December 18, 2019 No Responses

Market Capitalisation Drop By N16billion

The Nigerian equities market ended Tuesday session in red with the All-Share Index dropping by 0.13 per cent. The News Agency of Nigeria (NAN) reports that the index, which opened at 26,695.18, lost 34.74 points or 0.13 per cent to...

December 17, 2019 No Responses

IOSCO Tackles Conflict Of Interests In Debt Capital Raising

The Board of the International Organization of Securities Commissions (IOSCO) is requesting feedback on proposed guidance to help IOSCO members address potential conflicts of interest and associated conduct risks arising from the role of market intermediaries ...

December 15, 2019 No Responses

Shareholders Seek More Mergers, Acquisitions In Cement Industry

Shareholders under the aegis of Constance Shareholders’ Association of Nigeria (CSAN) on Saturday said that mergers and acquisitions would improve cement industry activities on the Nigerian Stock Exchange (NSE).Mr Shehu Mikail, CSAN National President, state...

December 14, 2019 No Responses

First Bank Appoints Ado Wanka Non-Executive Director

First Bank of Nigeria Limited has announced the appointment of Alhaji Ado Yakubu Wanka as Non-Executive Director. Speaking on his appointment, Dr. Adesola Adeduntan, Chief Executive Officer, First Bank of Nigeria Limited said, “We are delighted to ...

December 14, 2019 No Responses

NSE All-Share Index Drops By 0.13%

The All-Share Index of the Nigerian Stock Exchange (NSE) on Friday bowed to profit taking after two-day upward trend. The News Agency of Nigeria (NAN) reports that the index lost 33.59 per cent to close at 26,536.21 compared with 26,569.80...

December 13, 2019 No Responses

CBN: Refund To Bank Customers Stand At N76.7b,$20.9m

The Central Bank of Nigeria (CBN) says the worth of money refund to bank customers as at Nov. 30 stood at N76.75 billion and 20.90 million dollars. Mr Kofo-Abdulsalam Alada, the Director, Consumer Protection Department (CPD) of CBN, said this...

December 13, 2019 No Responses

Presco Tops Gainers’ Table As Market Capitalisation Recovers N65billion

By Moses Ebosele, eboele@hotmail.com Transactions on the floor of Nigerian Stock Exchange (NSE) sustained positive trend on Thursday for the second consecutive day. At the end of trading for the day, the market capitalisation increased further by N65 bil...

December 12, 2019 No Responses

NSE Indices Record First Gain In December

The Nigerian Stock Exchange (NSE) on Wednesday recorded the first gain in December with the crucial market indices appreciating by 0.19 per cent. Specifically, the All-Share Index increased by 49.79 points or 0.19 per cent to close at 26,434.00 compared...

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Category: Capital Market/Banking