Capital Market/Banking – Page 130

September 19, 2019 No Responses

NSE Domestic Transactions Drops By 66.68% In 12 Years

Domestic transactions in the Nigerian Stock Exchange (NSE) has declined by 66.68 per cent in 12 years, the News Agency of Nigeria (NAN) reports. The exchange said in its Domestic and Foreign Portfolio Investment (FPI) report released on Wednesday that...

September 19, 2019 No Responses

CBN Approves Three New Payment Service Banks

The Central Bank of Nigeria on Wednesday granted approvals-in-principle (AIP) to three new Payment Service Banks (PSBs) in the country. The CBN spokesperson, Isaac Okorafor, said the new institutions, issued approvals in principle to operate as Payment Service...

September 18, 2019 No Responses

Nigeria Imposes Additional Charges On Bank Accounts

With effect from Wednesday, September 18, 2019, cash deposits and withdrawals from individual bank accounts are to attract addition charges, the Central Bank of Nigeria said on Tuesday. In a circular to all deposit money bank (DMBs), the Director, Paymen...

September 17, 2019 No Responses

EcobankPay Platform Records N2b Transactions

Ecobank Nigeria says over 100,000 merchants have been onboarded on the EcobankPay platform with transaction value reaching N2billion. According to the Bank, the platform offers customers a multi-channel payment experience that includes Mobile QR Payment ...

September 11, 2019 No Responses

Nigeria Releases Regulation For Electronic Payments, Collections

The Central Bank of Nigeria (CBN) on Tuesday, September 10, released regulation for electronic payments and collections for public and private sectors in the country. The News Agency of Nigeria (NAN) reports that the regulation is a revision of the...

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...

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Category: Capital Market/Banking