Capital Market/Banking – Page 130

September 11, 2019 No Responses

CBN Boosts Forex Market With $210M

The e interbank segment of the Foreign Exchange Market has received another boost of $210 million from the Central Bank of Nigeria (CBN) following sales concluded on Tuesday, September 10, 2019. Figures obtained from the CBN indicated that authorized dealers...

September 7, 2019 No Responses

CBN Injects $321.11m, CNY 33.3m Into Retail SMIS

The Central Bank of Nigeria (CBN) has made another intervention in the Retail Secondary Market Intervention Sales (SMIS) to the tune of $321, 112,537.31. Figures obtained from the CBN on Friday,September 6, 2019, indicated that the sum of CNY33, 304,365.10...

September 6, 2019 No Responses

NSE Downgrades Oando Plc

The Nigerian Stock Exchange (NSE) has announced the reclassification of Oando Plc from Medium Priced Stock to Low Priced Stock effective Thursday, September 5, 2019. According to NSE, this is in compliance to Rule 15.29: Pricing Methodology, Rulebook of ...

September 6, 2019 No Responses

Bank Unveils $500m Facility For Nigerian Manufacturers

The African Export-Import Bank (AFREXIMBANK) has pledged to allocate $500 million from its Nigeria-Africa Trade and Investment Promotion Programme to support Nigerian manufacturers. The bank’s President, Benedict Oramah, announced in Lagos that the facility ...

September 3, 2019 No Responses

SEC To Defunct Afribank Shareholders: Claim Your Dividends

The Securities and Exchange Commission (SEC) has asked shareholders of the defunct Afribank Plc to claim their dividends. SEC said this is part of its investor protection programme and as well as ensure that shareholders get the benefits of investing...

August 30, 2019 No Responses

Tunis Stock Exchange Celebrates 50 years

Tunis Stock Exchange (TSE) was established in 1969 as a public institution in charge of organising and managing the securities market, as well as making it easier for companies to find new capital, and encouraging the investment of savings in...

August 29, 2019 No Responses

Zenith Bank Explains Education Loan For Children

Nigeria’s leading financial institution, Zenith Bank Plc, has introduced the Zenith Children’s Account (ZECA) Education Loan to assist parents pay their children/ wardsschool fees as the new school session begins. The loan offering, which is disbursed dire...

August 27, 2019 No Responses

CBN To Nigerians: Beware Of Fraudulent Loan Offers

The Central Bank of Nigeria (CBN) has warned Nigerians to beware of Fraudulent loans being offered to the unsuspecting public by fraudsters on social media. In a statement, on Monday, the apex bank said such loans are fake and not...

August 27, 2019 No Responses

SEC To Engage Stakeholders On Master Plan Implementation

The Securities and Exchange Commission,(SEC )is to engage relevant stakeholders on the implementation of some initiatives of its 10 year Capital Market Master Plan Specifically, the engagements would be on E-Dividend registration and Multiple Accounts re...

August 25, 2019 No Responses

Investors Consolidate 3.4b Shares

Investors Consolidate 3.4b Shares The Securities and Exchange Commission (SEC), has announced that considerable progress has been made in the implementation of its consolidation of multiple shareholder accounts and electronic Dividend Mandate Management System...

August 20, 2019 No Responses

Zenith Bank Explains N9.4b Interim Dividend

For the six-months ended June 30, 2019, the board of Zenith Bank Plc has approved N9.4billion interim dividend for shareholders, amounting to 30kobo per share. Zenith Bank Plc explained on Monday that shareholders on the register of the bank as...

August 20, 2019 No Responses

NSE Lists Greenwich Trust ETF

The Nigerian Stock Exchange (NSE) has listed Greenwich Alpha ETF on its Daily Official List. The Greenwich Alpha ETF units were listed at N100 each following an Initial Public Offer (IPO) on Monday, August 19, 2019. Greenwich Alpha is an...

August 16, 2019 No Responses

UBA, LCCI Seal 2019 Lagos International Trade Fair Partnership

Pan African financial services institution, United Bank for Africa (UBA) Plc, and the Lagos Chamber of Commerce and Industry(LCCI), have partnered to organize the 2019 edition of the Lagos International Trade Fair. The Fair, which holds between November ...

August 15, 2019 No Responses

Digital Assets Takes Centre Stage As Investors Education Begins September 30

The International Organization of Securities Commissions (IOSCO) has concluded plans to launch its third annual World Investor Week (WIW) from 30 September to 6 October 2019. WIW is a week-long, global campaign, which aims to promote investor education a...

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Category: Capital Market/Banking