Category: Capital Market/Banking

PFAs Invest N1.49t In Treasury Bills
October 22, 2018 No Responses

PFAs Invest N1.49t In Treasury Bills

Not less than N1.49 trillion have been invested by Pension Fund Administrators (PFAs) in Treasury Bills.  According to the monthly National Pension Commission (PenCom) report released at the weekend in Abuja by its spokesman, Peter Aghahowa, the PFAs invested N4.22...
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Nigeria Injects $337m, CNY53m Into Inter-Bank Forex Market
October 20, 2018 No Responses

Nigeria Injects $337m, CNY53m Into Inter-Bank Forex Market

In another round of intervention, the Central Bank of Nigeria (CBN), on Friday, October 19, 2018 injected over $337 million in the inter- Bank forex market. The CBN intervened in the Retail Secondary Market Sales (SMIS) to the tune of...
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Senate To CBN: Suspend ATM Charges
October 18, 2018 No Responses

Senate To CBN: Suspend ATM Charges

The Nigerian Senate has urged the Central Bank of Nigeria(CBN) to suspend the Automated Teller Machine(ATM) card maintenance charges pending the outcome of investigation into alleged sharp practices by banks. The senate also resolved to invite the Governor of ...
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Nigeria Seeks $2.86b Loan From International Capital Market
October 10, 2018 No Responses

Nigeria Seeks $2.86b Loan From International Capital Market

PRESIDENT Muhammadu Buhari on Tuesday requested Senate’s approval for a fresh $2,868,540,000 external loan.   In a letter addressed to the Senate President, Bukola Saraki, Buhari explained that the loan  would be used to partly fund the 2018 budget. Accord...
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Nigeria Commits N1.7 Trillion To Capital Investment
October 9, 2018 No Responses

Nigeria Commits N1.7 Trillion To Capital Investment

Vice President Yemi Osinbajo says the Federal Government has spent N1.7 trillion in capital investment in two budget years. Osinbajo disclosed this while addressing participants at the 9th Presidential Quarterly Business Forum held at the State House Banquet H...
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Sterling Bank Intensifies Debt Recovery Drive
October 8, 2018 No Responses

Sterling Bank Intensifies Debt Recovery Drive

Sterling Bank Plc has said it would always adopt amicable resolution or when necessary, drastic legal actions to achieve debt recovery outcomes.   According to the Bank, such strategies include restructuring for accelerated payoffs and possible foreclosure or...
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Nigeria Lifts Forex Market With $334m, CNY 52m
October 7, 2018 No Responses

Nigeria Lifts Forex Market With $334m, CNY 52m

Further to its commitment to ensure stability in the inter-bank foreign exchange market, the Central Bank of Nigeria (CBN) has intervened in the Retail Secondary Market Sales (SMIS) to the tune of $334,146,393.84. A breakdown of the forex intervention figures....
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World Bank Downgrades Sub Sahara Africa Growth Forecast To 2.7 per cent
October 4, 2018 No Responses

World Bank Downgrades Sub Sahara Africa Growth Forecast To 2.7 per cent

The World Bank has cut its forecast for growth of sub-Saharan Africa in 2018 to 2.7 per cent, down from an earlier 3.1 per cent, partly due to less favourable external environment for the region. The lender said in its...
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CBN Boosts FOREX Market With $210
October 4, 2018 No Responses

CBN Boosts FOREX Market With $210

  The Central Bank of Nigeria (CBN) has again injected the sum of $210 million into the inter-bank Foreign Exchange Market.   Figures obtained from the CBN on Wednesday, October 3, 2018, indicate that authorized dealers in the wholesale segment...
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WFE Admits Nairobi Securities Exchange, Five Others
October 4, 2018 No Responses

WFE Admits Nairobi Securities Exchange, Five Others

At the 58th General Assembly in Athens on Wednesday, the World Federation of Exchanges (WFE) admitted six new members taking the total number of full members to 70.      With six members joining since the last General Assembly in...
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FMDQ: We Are Committed To Developing Fixed Income Market
October 4, 2018 No Responses

FMDQ: We Are Committed To Developing Fixed Income Market

FMDQ OTC Securities Exchange has reiterated its commitment to the development of fixed income securities market in the country.   Associate Executive Director, FMDQ, Tumi Sekoni made this remark while receiving Capital Market Development Award given to the ex...
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WFE: 6,807 Firms List On 33 SME Markets, Capitalisation Exceeds $1.3trillion Worldwide
October 3, 2018 No Responses

WFE: 6,807 Firms List On 33 SME Markets, Capitalisation Exceeds $1.3trillion Worldwide

The World Federation of Exchanges (WFE) on Tuesday published a report (together with a supplementary dataset) entitled ‘An overview of WFE SME markets’, examining the current status of 33 Small and Medium-sized Enterprises (SMEs) markets across 29 ...
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Federation Of Exchanges Begins Annual Meeting At Athens
October 1, 2018 No Responses

Federation Of Exchanges Begins Annual Meeting At Athens

The World Federation of Exchanges (WFE) on Monday rang the opening bell at the Athens Stock Exchange exchange to formally launch the WFE’s General Assembly & Annual Meeting (2-4 October, Athens).    ​Athens Stock Exchange is hosting the event, which....
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FSD Africa, SEC Nigeria Seal Partnership On Capacity Building, Capital Market Growth
October 1, 2018 No Responses

FSD Africa, SEC Nigeria Seal Partnership On Capacity Building, Capital Market Growth

Nigeria’s  Securities and Exchange Commission  (Nigeria) has become the first capital market regulator to participate in a flagship pan-African programme designed to strengthen the continent’s capital markets.   Under the arrangement, over a three-year ...
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