Category: Capital Market/Banking

Naira Converges At N360 To Dollar
June 20, 2018 No Responses

Naira Converges At N360 To Dollar

The Naira on Tuesday converged at N360 to the dollar across the major foreign exchange market, the News Agency of Nigeria(NAN) reports. At the parallel market, the naira traded at N360 to a dollar, stronger than the N360.6 exchanged before...
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Investors Stake N18.4b On Shares In Four Days
June 15, 2018 No Responses

Investors Stake N18.4b On Shares In Four Days

The floor of Nigerian Stock Exchange (NSE) recorded a total turnover of 1.738 billion shares worth N18.462 billion in 14,790 deals between Monday and Friday this week.   It’s a four-day trading session this week as the Federal Government of...
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CBN Lifts Retail SMIS With $343.06m Forex
June 15, 2018 No Responses

CBN Lifts Retail SMIS With $343.06m Forex

The retail Secondary Market Intervention Sales (SMIS) has received a boost of $343.06 million from the Central Bank of Nigeria (CBN), following the Bank’s intervention in the Foreign Exchange market on Thursday, June 14, 2018.  Figures obtained from the Ban...
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Bankers’ Committee: Importers With Chinese Yuan Invoices To Pay Less
June 15, 2018 No Responses

Bankers’ Committee: Importers With Chinese Yuan Invoices To Pay Less

The Central Bank of Nigeria (CBN)-led Bankers’ Committee declared on Thursday in Lagos that importers with invoices from Chinese exporters will pay less than their other counterparts.  At the end of its meeting in Lagos, the committee, comprising commercial...
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Naira Firms Up Against Dollar At Parallel Market
June 14, 2018 No Responses

Naira Firms Up Against Dollar At Parallel Market

The Naira on Wednesday gained 50 kobo to firm against the dollar at the parallel market in Lagos, the News Agency of Nigeria (NAN) reports  The Nigerian currency exchanged at N361 to the dollar, stronger than the N361.50 traded on...
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CBN Injects $210m Into Foreign Exchange Market
June 13, 2018 No Responses

CBN Injects $210m Into Foreign Exchange Market

The Central Bank of Nigeria (CBN) on Tuesday injected 210 million dollars to meet customers’ requests in various segments of the foreign exchange market.  The acting Director, Corporate Communications, CBN, Mr Isaac Okorafor in a statement in Abuja said the...
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WFE Explains Renewed Focus On Growth In Capital Markets
June 9, 2018 No Responses

WFE Explains Renewed Focus On Growth In Capital Markets

The World Federation of Exchanges (WFE) on Friday co-hosted  a symposium with the Shanghai Stock Exchange (SSE) on the future of global capital markets. Held in Shanghai, the event brought  together WFE members and industry stakeholders to focus on three...
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CBN Approves Wider Margin For BDCs, Offers $100m To Wholesale Segment
June 5, 2018 No Responses

CBN Approves Wider Margin For BDCs, Offers $100m To Wholesale Segment

The Central Bank of Nigeria (CBN) has approved an upward review of the trading margin available to operators of Bureau De Change (BDC) in the country. Consequently, BDC operators are now to buy the United States dollar from the CBN...
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Conoil Explains N1.4B Dividend
June 3, 2018 No Responses

Conoil Explains N1.4B Dividend

Conoil Plc has proposed N1.4billion as dividend payout to its shareholders for its last financial year in the face of daunting economic challenges in the country. This translates to N2.00 on every 50 kobo ordinary share. It is in line...
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Investors Stake N70.2B On Stanbic IBTC, Access Bank, Zenith Bank In Four Days
June 2, 2018 No Responses

Investors Stake N70.2B On Stanbic IBTC, Access Bank, Zenith Bank In Four Days

For the week ended June 1, 2018, transactions in Stanbic IBTC Holdings Plc, Access Bank Plc and Zenith Bank International Plc (measured by volume) accounted for 1.626 billion shares worth N70.285 billion in 2,882 deals, contributing 60.23% and 82.91% to...
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Oscar Onyema: My Strategic Agenda As ASEA President Is To Build Capacity
June 1, 2018 No Responses

Oscar Onyema: My Strategic Agenda As ASEA President Is To Build Capacity

The Chief Executive Officer of Nigeria Stock Exchange (NSE) and President of  African Securities Exchanges Association (ASEA), Oscar Onyema has identified capacity building as key component of his administration.   In a chat with the World Federation of Exch...
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NSE, London Stock Exchange To Host Dual Listing Conference In Lagos
June 1, 2018 No Responses

NSE, London Stock Exchange To Host Dual Listing Conference In Lagos

The Nigerian Stock Exchange (NSE), in partnership with London Stock Exchange Group (LSEG) will host the 5th edition of the NSE-LSE Dual Listing Conference on Friday, June 1, 2018, at Wheathbaker Hotel, Ikoyi, Lagos, Nigeria.  This year’s conference themed, ...
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Experts Highlight Role Of Exchanges In Preserving Market Integrity
June 1, 2018 No Responses

Experts Highlight Role Of Exchanges In Preserving Market Integrity

The World Federation of Exchanges (WFE) panel on Thursday at a special meeting in London focused on the role of its members in preserving market integrity.   ​According to WFE, the ongoing debate will focus on the key themes in...
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CBN Sustains FOREX Market Intervention With $210M
May 31, 2018 No Responses

CBN Sustains FOREX Market Intervention With $210M

The Central Bank of Nigeria (CBN), on Wednesday, May 30, 2018, again sustained its supply in the inter-bank Foreign Exchange market with the sum of $210 million  The Bank offered the sum of $100 million to authorized dealers in the...
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