Category: Capital Market/Banking

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. According...
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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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CAMCAN Holds Maiden Capital Market Performance Awards In Lagos
September 27, 2018 No Responses

CAMCAN Holds Maiden Capital Market Performance Awards In Lagos

The crème de la crème of the nation’s capital market will gather in Lagos on Saturday, September 29, 2018, at the Civic Centre, Ozumba Mbadiwe Street, Victoria Island, Lagos, for the maiden awards ceremony to recognize and reward excellence among...
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World Investor Week Gets More Support, Explains Awareness, Protection
September 27, 2018 No Responses

World Investor Week Gets More Support, Explains Awareness, Protection

In addition to the Argentine G20 Presidency, various important multilateral institutions have endorsed the second annual World Investor Week (WIW), organized by the International Organization of Securities Commissions (IOSCO) to raise awareness of the importan...
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MPC Communique
September 26, 2018 No Responses

MPC Communique

Background The Monetary Policy Committee (MPC) met on the 24th and 25th of September, 2018 and evaluated developments in the global and domestic economic and financial environments in the first eight months of 2018, as well as the outlook for the rest...
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