Category: Capital Market/Banking

Nigeria Injects $289m, CNY38.70m Into Retail Secondary Forex Market
January 26, 2019 No Responses

Nigeria Injects $289m, CNY38.70m Into Retail Secondary Forex Market

In another round of intervention, the Central Bank of Nigeria (CBN) on Friday injected 289.76 million dollars in the retail Secondary Market Intervention Sales (SMIS). The CBN also intervened to the tune of 38.70 million Chinese Yuan in the Spot...
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SEC To State Govts: Revitalise Moribund Industries Through Capital Market
January 25, 2019 No Responses

SEC To State Govts: Revitalise Moribund Industries Through Capital Market

The Securities and Exchange Commission (SEC) has urged state governments to take advantage of the enormous opportunities available in the capital market to revitalise moribund companies in their state in a bid to create wealth for the citizens. Acting Dir...
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CBN Communiqué No. 122 Of The MPC Meeting
January 23, 2019 No Responses

CBN Communiqué No. 122 Of The MPC Meeting

Background The Monetary Policy Committee (MPC) held its first meeting for fiscal 2019 on 21st and 22nd January, 2019 amidst concerns over the slowdown in global economic activity, arising from on-going trade tensions, tightening global financing conditions and...
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Ecobank Targets 50,000 Agency Banking Locations In 2019
January 22, 2019 No Responses

Ecobank Targets 50,000 Agency Banking Locations In 2019

Managing Director, Ecobank Nigeria, Mr. Patrick Akinwuntan, said the bank’s ultimate goal in 2019 is to bring banking services to all neighbourhood in Nigeria with the view of creating 50,000 agent banking locations across the country.  Akinwuntan state...
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How To Boost International Investors Participation In Emerging Markets, By WFE
January 22, 2019 No Responses

How To Boost International Investors Participation In Emerging Markets, By WFE

The World Federation of Exchanges (WFE) on Monday published a report – from the investor viewpoint – that seeks to understand what encourages or discourages international investor participation in emerging markets.  According to WFE, the purpo...
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NSE, Afrinvest Launch Factor Equity Indices
January 22, 2019 No Responses

NSE, Afrinvest Launch Factor Equity Indices

The Nigerian Stock Exchange (NSE) and Afrinvest Securities Limited (ASL), a leading capital market research and securities execution platform, on Monday announced the launch of two new factor indices: the NSE-Afrinvest Banking Value Index (NSE-Afr BVI) and NSE...
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SEC, NIPC Collaborate To Attract Investors
January 21, 2019 No Responses

SEC, NIPC Collaborate To Attract Investors

The Securities and Exchange Commission has restated its commitment to partner with relevant government agencies and the private sector to attract more investments to the country in a bid to further boost the economy. Acting Director General of the SEC,...
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Report: Quality Of Audit Report Is Key To Capital Market Confidence
January 18, 2019 No Responses

Report: Quality Of Audit Report Is Key To Capital Market Confidence

The Board of the International Organization of Securities Commissions (IOSCO) has published  the IOSCO Report on Good Practices for Audit Committees in Supporting Audit Quality, which seeks to assist audit committees in promoting and supporting audit qual...
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NSE Lists 108 Bonds In 2018 As Market Capitalisation Declines To N21.90 trillion
January 15, 2019 No Responses

NSE Lists 108 Bonds In 2018 As Market Capitalisation Declines To N21.90 trillion

Between January and December 2018, the total number of listed bonds on the Nigerian Stock Exchange (NSE) increased to 108 bonds from 85 in 2017.  According to NSE, the increase helped to moderate the decline in number of quoted equities...
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Ecobank MD: We Are Dedicating Our Digital Assets To Support Growth Of MSMEs
January 15, 2019 No Responses

Ecobank MD: We Are Dedicating Our Digital Assets To Support Growth Of MSMEs

Managing Director, Ecobank Nigeria, Patrick Akinwuntan has reaffirmed the bank’s commitment to the use its wide and versatile digital capacity to transform the entire value chain for micro, small and medium enterprises (MSMEs) in Nigeria. This according to h...
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2019: World Bank Projects 2.2% GDP Growth For Nigeria
January 10, 2019 No Responses

2019: World Bank Projects 2.2% GDP Growth For Nigeria

Nigeria’s real GDP growth will expand by 2.2 per cent in 2019, the World Bank said in its annual Global Economic Prospects published on Wednesday, slightly upgrading the country’s projected growth rate from 2.1 per cent in June 2018. According...
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CBN Boosts Forex Market With $210m
January 9, 2019 No Responses

CBN Boosts Forex Market With $210m

The Central Bank of Nigeria (CBN) has continued its intervention in the inter-bank sector of the Foreign Exchange market by injecting another sum of $210 million into the forex market. In the forex trading on Tuesday, January 8, 2019, the...
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Nigeria Injects $210m In First Forex Intervention In 2019
January 5, 2019 No Responses

Nigeria Injects $210m In First Forex Intervention In 2019

The Central Bank of Nigeria (CBN) on Friday, January 4, 2019, made its first intervention in the inter-bank sector of the Foreign Exchange market for 2019 with a total sum of $210 million injected into the wholesale segment and other...
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First Bank Extends Agent Banking To 14 Markets In Bayelsa, Cross River, Delta
January 3, 2019 No Responses

First Bank Extends Agent Banking To 14 Markets In Bayelsa, Cross River, Delta

As a part of efforts to deepen Financial Inclusion in Nigeria, First Bank of Nigeria Limited extended the Agent Banking campaign to 14 major markets and business points across Bayelsa, Cross River and Delta States. The Market Activation which spanned...
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