Category: Capital Market/Banking

MTN, First Bank, Access Bank, UBA, GTBank, Others Seal N200b Loan Deal
May 18, 2019 No Responses

MTN, First Bank, Access Bank, UBA, GTBank, Others Seal N200b Loan Deal

MTN Nigeria Communications Plc on Friday signed a seven-year 200 billion naira medium term facility with a consortium of seven mostly local banks. The company stated this in a statement by its Company Secretary, Uto Ukpanah, to the Nigerian Stock...
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SEC Boss To Nigerians: Beware, Loom Is A Ponzi Scheme
May 16, 2019 No Responses

SEC Boss To Nigerians: Beware, Loom Is A Ponzi Scheme

The Securities and Exchange Commission, SEC, has raised the alarm over the activities of some alleged online fraudsters, who are currently running an online investment scheme tagged ‘Loom Money Nigeria’.SEC explained that Loom Money Nigeria, is taking over...
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NSE Admits 20.35billion Shares Of MTN ​
May 16, 2019 No Responses

NSE Admits 20.35billion Shares Of MTN ​

The Nigerian Stock Exchange (NSE) has admitted by introduction 20.35 billion (20,354,513,050) ordinary shares of MTN Nigeria Communications Plc (MTN ) at N90 per share, on its Premium Board, on Thursday, May 16, 2019. MTN Nigeria, a part of the ...
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MTN Nigeria Presents Financial Details At NSE, Secures Final Approval
May 16, 2019 No Responses

MTN Nigeria Presents Financial Details At NSE, Secures Final Approval

MTN Nigeria Communications Plc has secured the requisite regulatory approval to list its shares on the floor of  Nigerian Stock Exchange (NSE) Thursday, May 16th, 2019. The company is also expected to present its Facts Behind the figure on the...
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CBN: Nigeria’s Outstanding Domestic Debt Stands At N12.4b
May 16, 2019 No Responses

CBN: Nigeria’s Outstanding Domestic Debt Stands At N12.4b

The Central Bank of Nigeria (CBN) on Wednesday said the country’s outstanding domestic debt stood at N12.44 billion as at December 2018. This was contained in the bank’s 2018 Annual Activity Report released by the Financial Markets Department, CBN, and...
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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 t...
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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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