Category: Capital Market/Banking

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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CIBN: Downward Review Of Bank Charges Will Affect Bottom Line Of Banking Industry
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),...
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Nigeria’s Stock Market Ends 2019 In Red
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,...
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AfDB Explains $20bn Investments’ Portfolio In ECOWAS Region
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...
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CBN Reviews Bank Guidelines, Slashes Charges
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...
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Presco Exceeds 2019 Target, Lauds Border Closure
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...
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Building Resilient African Capital Markets
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...
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