Category: Capital Market/Banking

IOSCO to Tackle Conflicts of Interest in Equity Capital Raising Process
February 22, 2018 No Responses

IOSCO to Tackle Conflicts of Interest in Equity Capital Raising Process

The Board of the International Organization of Securities Commissions (IOSCO) is proposing guidance to help its members address conflicts of interest and associated misconduct risks that may arise during the equity capital raising process.   Conflicts of interest and associated...
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SEC Stops Stock Exchange Sale to Investors
February 16, 2018 No Responses

SEC Stops Stock Exchange Sale to Investors

United States regulators killed politically-sensitive-sale of Chicago Stock Exchange to China-based investors. It said lack-of-information on the would-be-buyers threatened proper-monitor of the exchange after the deal, Media reports on Friday.   The move by ...
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FirstBank Processes N1 Trillion on 894 Quick Banking Channel
February 15, 2018 No Responses

FirstBank Processes N1 Trillion on 894 Quick Banking Channel

First Bank of Nigeria Limited has recorded ‘strides’ in its Financial Inclusion services delivery, via its 894 quick banking, a USSD based channel that enables customers to access banking services using any type of phone and without data/internet.   The ...
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NSE market capitalisation drops by N136billion
February 12, 2018 No Responses

NSE market capitalisation drops by N136billion

Transactions on the Nigerian Stock Exchange (NSE) opened on Monday on depressed note with the market indices sliding by 0.90 per cent.  At the end of transaction for the day, market capitalisation shed N136 billion or 0.90 per cent to...
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CBN injects $210m into foreign exchange market
February 6, 2018 No Responses

CBN injects $210m into foreign exchange market

Central Bank of Nigeria (CBN) has injected 210 million dollars into the inter-bank Foreign Exchange Market to ensure availability and meet customers’ requests in various segments of the market. Giving a breakdown of the amount, the acting Director, Corporate...
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World Federation of Exchanges to focus on SMEs, cyber security, regulatory coherence in 2018
February 2, 2018 No Responses

World Federation of Exchanges to focus on SMEs, cyber security, regulatory coherence in 2018

The World Federation of Exchanges ( WFE) has agreed its 2018 business priorities will focus on areas including regulatory coherence; CCP recovery & resolution issues; cyber security; FinTech; and SMEs. ​ ​These key business priorities are in addition t...
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NSE market capitalisation consolidates growth with N67billion
January 31, 2018 No Responses

NSE market capitalisation consolidates growth with N67billion

Activities on the Nigerian Stock Exchange (NSE) on Tuesday sustained bullish trend with market indicators growing further by 0.42 per cent.   The News Agency of Nigeria (NAN) reports that market capitalisation increased by N67 billion or 0.42 per cent...
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Oando: Shareholders reiterate call for forensic audit
January 30, 2018 No Responses

Oando: Shareholders reiterate call for forensic audit

As Nigerians and the international community await the outcome of the proposed forensic audit on Oando Plc, more shareholders have advised the emir of Kano, Muhammadu Sanusi, to desist from interfering in ongoing efforts to unravel the root causes of...
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Oando: Shareholders fault Sanusi’s intervention
January 24, 2018 No Responses

Oando: Shareholders fault Sanusi’s intervention

The reported intervention of the Emir of Kano, Muhammadu Sanusi in the face-off between Oando Plc and one of its aggrieved shareholders cannot stop a forensic audit planned by the Securities and Exchange Commission (SEC), the Oando Shareholders Solidarity Gro...
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CBN boosts foreign exchange market with $210m
January 23, 2018 No Responses

CBN boosts foreign exchange market with $210m

The Central Bank of Nigeria (CBN) has boosted the inter-bank foreign exchange market with $210 million  to meet customers’ requests in various segments of the market. The Bank’s acting Director, Corporate Communications, Mr Isaac Okorafor, in a statement ...
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Onyema: We are hopeful that Demutualization Bill will be signed into law in 2018
January 17, 2018 No Responses

Onyema: We are hopeful that Demutualization Bill will be signed into law in 2018

The Nigerian Stock Exchange (NSE) held its 2017 Market Recap & Outlook for 2018 on Tuesday, January 16, 2018, at the Stock Exchange House, Lagos.   This annual event is a forum for the Chief Executive Officer of NSE, Mr....
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CBN injects $210m into foriegn exchange market
January 16, 2018 No Responses

CBN injects $210m into foriegn exchange market

The Central Bank of Nigeria (CBN) has injected another 210 million dollars into the inter-bank Foreign Exchange Market to meet customers’ requests in various segments.  Giving a breakdown of the intervention, the bank’s acting Director, Corporate Communic...
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NSE trading index drops by 0.33 per cent
January 13, 2018 No Responses

NSE trading index drops by 0.33 per cent

Activities on the Nigerian Stock Exchange All-Share Index on Friday bowed to profit taking halting the six-day price rally with the All-Share Index dropping by 0.33 per cent. The News Agency of Nigeria (NAN) reports that the index lost 142.64...
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7UP shareholders approve Affelka’s acquisition of 26.8 per cent stake
January 12, 2018 No Responses

7UP shareholders approve Affelka’s acquisition of 26.8 per cent stake

Seven-Up Bottling Company Plc shareholders on Thursday approved the Scheme of Arrangement for the acquisition of 26.8 per cent shares by Affelka South Africa.  The shareholders gave the approval at the Court-Ordered meeting convened at the instance of the Fed...
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