Category: Capital Market/Banking

NSE Market Capitalisation Drops By N105B
March 13, 2018 No Responses

NSE Market Capitalisation Drops By N105B

Trading on the Nigerian Stock Exchange (NSE) opened for the week on Monday with a drop of 0.26 per cent due to price depreciation of some blue chips. The All-Share Index dipped 111.35 points or 0.26 per cent to close...
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Diamond Bank Partners EDC on Women Empowerment
March 10, 2018 No Responses

Diamond Bank Partners EDC on Women Empowerment

 As part of measures to mark the 2018 International Women’s day, Diamond Bank partnered Enterprise Development Center (EDC) of the Pan Atlantic University, Lagos.   The Bank also lend its voice  to call for more women in the society to...
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IOSCO Begins Consultation On Trading Venues, Volatility
March 8, 2018 No Responses

IOSCO Begins Consultation On Trading Venues, Volatility

The Board of the International Organization of Securities Commissions (IOSCO) is seeking feedback on its proposed recommendations to assist trading venues and regulatory authorities in the implementation of mechanisms to manage extreme volatility. Extreme vola...
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WFE, 59 Stock Exchanges To Ring Gender Equality Bell
March 2, 2018 No Responses

WFE, 59 Stock Exchanges To Ring Gender Equality Bell

For the fourth year, a global collaboration across 59 stock exchanges around the world on Fridayconcluded plan to ‘Ring the Bell for Gender Equality’ to celebrate International Women’s Day onThursday, March 8, 2018.     The events are a partnership b...
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China Development Bank, UBA Sign Letter of Intent for $100m Loan Deal To Support SMEs In Africa
March 2, 2018 No Responses

China Development Bank, UBA Sign Letter of Intent for $100m Loan Deal To Support SMEs In Africa

United Bank for Africa (UBA) Plc has announced the signing of a letter of intent for $100 million to finance the development of Small and Medium Enterprises (SMEs) in Africa.  According to the financial institution, the $100 million loan will...
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Reps To Probe Alleged Malpractice In Nigerian Capital Market
March 1, 2018 No Responses

Reps To Probe Alleged Malpractice In Nigerian Capital Market

The House of Representatives on Wednesday resolved to investigate the alleged stagnation of some publicly-quoted companies, especially insurance firms listed on the Nigerian Stock Exchange (NSE).   This followed a motion by Rep. Femi Fakeye (Osun-APC), who ex...
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WFE Tasks Stock Exchanges On Family Firms, Listing Opportunities
February 28, 2018 No Responses

WFE Tasks Stock Exchanges On Family Firms, Listing Opportunities

The World Federation of Exchanges (WFE) has published a report into family businesses, investigating the opportunities and challenges for family firms when considering public equity as a source of funding. ​The report – entitled Family Firms and Listing: O...
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IOSCO to Tackle Conflicts of Interest in Equity Capital Raising Process
February 22, 2018 No Responses

IOSCO to Tackle Conflicts of Interest in Equity Capital Raising Process

The Board of the International Organization of Securities Commissions (IOSCO) is proposing guidance to help its members address conflicts of interest and associated misconduct risks that may arise during the equity capital raising process.   Conflicts of inte...
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SEC Stops Stock Exchange Sale to Investors
February 16, 2018 No Responses

SEC Stops Stock Exchange Sale to Investors

United States regulators killed politically-sensitive-sale of Chicago Stock Exchange to China-based investors. It said lack-of-information on the would-be-buyers threatened proper-monitor of the exchange after the deal, Media reports on Friday.   The move by ...
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FirstBank Processes N1 Trillion on 894 Quick Banking Channel
February 15, 2018 No Responses

FirstBank Processes N1 Trillion on 894 Quick Banking Channel

First Bank of Nigeria Limited has recorded ‘strides’ in its Financial Inclusion services delivery, via its 894 quick banking, a USSD based channel that enables customers to access banking services using any type of phone and without data/internet.   The ...
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NSE market capitalisation drops by N136billion
February 12, 2018 No Responses

NSE market capitalisation drops by N136billion

Transactions on the Nigerian Stock Exchange (NSE) opened on Monday on depressed note with the market indices sliding by 0.90 per cent.  At the end of transaction for the day, market capitalisation shed N136 billion or 0.90 per cent to...
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CBN injects $210m into foreign exchange market
February 6, 2018 No Responses

CBN injects $210m into foreign exchange market

Central Bank of Nigeria (CBN) has injected 210 million dollars into the inter-bank Foreign Exchange Market to ensure availability and meet customers’ requests in various segments of the market. Giving a breakdown of the amount, the acting Director, Corporate...
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World Federation of Exchanges to focus on SMEs, cyber security, regulatory coherence in 2018
February 2, 2018 No Responses

World Federation of Exchanges to focus on SMEs, cyber security, regulatory coherence in 2018

The World Federation of Exchanges ( WFE) has agreed its 2018 business priorities will focus on areas including regulatory coherence; CCP recovery & resolution issues; cyber security; FinTech; and SMEs. ​ ​These key business priorities are in addition t...
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NSE market capitalisation consolidates growth with N67billion
January 31, 2018 No Responses

NSE market capitalisation consolidates growth with N67billion

Activities on the Nigerian Stock Exchange (NSE) on Tuesday sustained bullish trend with market indicators growing further by 0.42 per cent.   The News Agency of Nigeria (NAN) reports that market capitalisation increased by N67 billion or 0.42 per cent...
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