Category: Capital Market/Banking

Naira Gains Against Dollar
February 13, 2019 No Responses

Naira Gains Against Dollar

The Naira on Tuesday gained 28 Kobo to exchange at N361.67 to the dollar at the investors window, stronger than N361.95 traded on Monday. Market turnover at the investors’ window stood at 131.99 million dollars. At the parallel market in...
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Financial Inclusion: First Bank, Azuri Technologies Explain Partnership
February 7, 2019 No Responses

Financial Inclusion: First Bank, Azuri Technologies Explain Partnership

First Bank of Nigeria Limited and Azuri Technologies, a leader in pay-as-you-go solar technology, on Wednesday announced a unique partnership that will help deepen financial inclusion in Nigeria while bringing affordable, reliable and clean power to millions o...
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SEC Implores Capital Market Stakeholders On Local, Foreign Investments
February 5, 2019 No Responses

SEC Implores Capital Market Stakeholders On Local, Foreign Investments

Stakeholders in the Capital Market have been urged to continue to take positive steps to attract and retain both local and foreign investments as part of measures to stimulate economic growth and develop critical infrastructure necessary for the country’s de...
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Jude Chiemeka, Olumide Bolumole Join NSE’s Executive Management Team
February 5, 2019 No Responses

Jude Chiemeka, Olumide Bolumole Join NSE’s Executive Management Team

The Nigerian Stock Exchange (NSE) has announced the appointment of Mr. Jude Chiemeka and Mr. Olumide Bolumole to its Executive Management Team.  Mr. Olumide Bolumole joins NSE as Divisional Head, Listing Business while Mr. Jude Chiemeka joins as Divisiona...
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Emerging Market Regulators Consult On Sustainable Finance In Capital Markets
February 4, 2019 No Responses

Emerging Market Regulators Consult On Sustainable Finance In Capital Markets

Securities regulators from growth and emerging markets are seeking public feedback on proposed recommendations related to the development of sustainable finance in capital markets and the role of securities regulators in this area.  Already, IOSCO´s Grow...
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Financial Inclusion: FirstBank Partners Nigerian Army
February 2, 2019 No Responses

Financial Inclusion: FirstBank Partners Nigerian Army

The Nigeria Army in conjunction with First Bank of Nigeria Limited recently  launched “Agent Banking Scheme” for army personnel at the 20 Battalion Serti in Taraba. The Chief of Army Staff, Lt. Gen. Tukur Buratai explained that the aim of...
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Ecobank Celebrates With Alaba Market Traders At 40, Unveils Pay Zone
February 1, 2019 No Responses

Ecobank Celebrates With Alaba Market Traders At 40, Unveils Pay Zone

The Managing Director, Ecobank Nigeria, Patrick Akinwuntan, has committed to building a solid partnership with the business women and men in Alaba International Market, Lagos.  In his congratulatory message to mark the market’s 40th ...
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CBN Injects $210m Into Inter-Bank Market
January 30, 2019 No Responses

CBN Injects $210m Into Inter-Bank Market

In continuation of its periodic intervention in the foreign exchange market, the Central Bank of Nigeria (CBN) on Tuesday, January 29, 2019, injected another sum of $210 million into the inter-bank foreign exchange market. Figures released by the CBN on...
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Nigeria Injects $289m, CNY38.70m Into Retail Secondary Forex Market
January 26, 2019 No Responses

Nigeria Injects $289m, CNY38.70m Into Retail Secondary Forex Market

In another round of intervention, the Central Bank of Nigeria (CBN) on Friday injected 289.76 million dollars in the retail Secondary Market Intervention Sales (SMIS). The CBN also intervened to the tune of 38.70 million Chinese Yuan in the Spot...
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SEC To State Govts: Revitalise Moribund Industries Through Capital Market
January 25, 2019 No Responses

SEC To State Govts: Revitalise Moribund Industries Through Capital Market

The Securities and Exchange Commission (SEC) has urged state governments to take advantage of the enormous opportunities available in the capital market to revitalise moribund companies in their state in a bid to create wealth for the citizens. Acting Dir...
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CBN Communiqué No. 122 Of The MPC Meeting
January 23, 2019 No Responses

CBN Communiqué No. 122 Of The MPC Meeting

Background The Monetary Policy Committee (MPC) held its first meeting for fiscal 2019 on 21st and 22nd January, 2019 amidst concerns over the slowdown in global economic activity, arising from on-going trade tensions, tightening global financing conditions and...
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Ecobank Targets 50,000 Agency Banking Locations In 2019
January 22, 2019 No Responses

Ecobank Targets 50,000 Agency Banking Locations In 2019

Managing Director, Ecobank Nigeria, Mr. Patrick Akinwuntan, said the bank’s ultimate goal in 2019 is to bring banking services to all neighbourhood in Nigeria with the view of creating 50,000 agent banking locations across the country.  Akinwuntan state...
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How To Boost International Investors Participation In Emerging Markets, By WFE
January 22, 2019 No Responses

How To Boost International Investors Participation In Emerging Markets, By WFE

The World Federation of Exchanges (WFE) on Monday published a report – from the investor viewpoint – that seeks to understand what encourages or discourages international investor participation in emerging markets.  According to WFE, the purpo...
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NSE, Afrinvest Launch Factor Equity Indices
January 22, 2019 No Responses

NSE, Afrinvest Launch Factor Equity Indices

The Nigerian Stock Exchange (NSE) and Afrinvest Securities Limited (ASL), a leading capital market research and securities execution platform, on Monday announced the launch of two new factor indices: the NSE-Afrinvest Banking Value Index (NSE-Afr BVI) and NSE...
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