Category: Capital Market/Banking

Nigeria Boosts Foreign Exchange Market With $210m
February 27, 2019 No Responses

Nigeria Boosts Foreign Exchange Market With $210m

The Central Bank of Nigeria (CBN) has injected 210 million dollars into the inter-bank Foreign Exchange Market to ensure adequate supply of foreign exchange to customers. The CBN Director, Corporate Communications Department, Isaac Okorafor, in a statement on Tuesday, noted...
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SEC Clamps Down On Growing Circle Over Alleged Illegal Capital Market Activities
February 20, 2019 No Responses

SEC Clamps Down On Growing Circle Over Alleged Illegal Capital Market Activities

The Securities and Exchange Commission, SEC, has sealed off the premises of Growing Circle in Lagos for  engaging in alleged  illegal fund management  activities. According to the Commission, the company was shut down for carrying out investment...
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Nigeria Lifts FOREX Market With $210m
February 20, 2019 No Responses

Nigeria Lifts FOREX Market With $210m

The Central Bank of Nigeria (CBN) has made a fresh injection of $210 million into the inter-bank foreign exchange market in its determination to boost supply in that sector of the market. Figures released by the Bank on Tuesday, February...
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Total Top Losers Table As Nigerian Stock Exchange Is Down By N196B
February 19, 2019 No Responses

Total Top Losers Table As Nigerian Stock Exchange Is Down By N196B

The Nigerian Stock Exchange (NSE) on Monday reacted negatively to sudden election postponement, dropping by N196 billion as predicted by financial experts. Specifically, the market capitalisation shed N196 billion or 1.61 per cent to close at N12.004 trillion ...
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Global Securities Regulators Welcome Agreement on Data Transfer
February 16, 2019 No Responses

Global Securities Regulators Welcome Agreement on Data Transfer

The International Organization of Securities Commissions (IOSCO) and the European Securities and Markets Authority (ESMA) welcome the Opinion of the European Data Protection Board (EDPB) on their administrative arrangement for the transfer of personal data bet...
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Federation Of Exchanges To Focus On Regulatory Coherence In 2019
February 15, 2019 No Responses

Federation Of Exchanges To Focus On Regulatory Coherence In 2019

The World Federation of Exchanges (WFE), the global industry group for exchanges has agreed its 2019 business priorities will focus on the following areas: regulatory coherence or market fragmentation; technology-related policy work on topics including in...
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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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