Category: Capital Market/Banking

Emefiele: Stamp Duty Revenue Is N370b  Not N89trillion   
January 24, 2023 No Responses

Emefiele: Stamp Duty Revenue Is N370b  Not N89trillion   

The total revenue collected as stamp duty in six years between  2016 and 2022 is N370,686 billion, the Governor, Central Bank of Nigeria (CBN), Godwin Emefiele, disclosed on Tuesday.   A House of Representatives member, Alhaji Muhammed Kazaure, representing Kazaure, Roni,...
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Stockbrokers Project Nigeria’s Economic Growth In 2023
January 24, 2023 No Responses

Stockbrokers Project Nigeria’s Economic Growth In 2023

Stockbrokers have assured the investing public that the economy has strong potential to bounce back this year.   They said this at an event organised by Chartered Institute of Stockbrokers (CIS) on “The Nigerian Economic Review of 2022 and Outlook ...
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Stock Market Closes Week On Negative Note
January 21, 2023 No Responses

Stock Market Closes Week On Negative Note

The local bourse ended the last trading of the week on a negative note as the performance indices declined by 0.06 per cent.  Specifically, the market capitalisation dropped by N18 billion or 0.06 per cent to close at N28.646 trillion as...
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CBN To Sanction Banks Dispensing Old Notes Through ATMs 
January 20, 2023 No Responses

CBN To Sanction Banks Dispensing Old Notes Through ATMs 

The Central Bank of Nigeria (CBN), on Thursday threatened to sanction banks in Cross River dispensing old naira notes through their Automated Teller Machines, (ATMs).  The warning came from Ms Glory Iniunam, Branch Controller of CBN in Cross River, during...
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CBN To Banks: Collect Redesigned Notes Or Face Sanction 
January 19, 2023 No Responses

CBN To Banks: Collect Redesigned Notes Or Face Sanction 

The Central Bank Governor, Godwin Emefiele, has called on commercial banks to approach the apex bank branches across the country to pick up the new naira notes.  Emefiele made the call when the apex bank took its sensitisation tour on...
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Investors Lose N90b In Bearish Trading 
January 17, 2023 No Responses

Investors Lose N90b In Bearish Trading 

Trading activities on the floor of the Nigerian Exchange Ltd. (NGX) closed on a negative note on Monday as market capitalisation was down by N90 billion or 0.31 per cent to close at N28.512 trillion from N28.602 trillion at the...
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Bermuda Stock Exchange To Host WFE Annual Meeting In 2023  
January 13, 2023 No Responses

Bermuda Stock Exchange To Host WFE Annual Meeting In 2023  

The World Federation of Exchanges (WFE) has announced Bermuda Stock Exchange (BSX) as host of the industry’s General Assembly & Annual Meeting in 2023.   A statement sent to City Business News explained that the meeting, now in its 62...
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CBN Sensitises Marketers, Guarantees Availability Of New Notes
January 11, 2023 No Responses

CBN Sensitises Marketers, Guarantees Availability Of New Notes

The Central Bank of Nigeria (CBN) has assured marketers and traders that it has made the redesigned naira notes (1000, 500, 200) available for them via Automated Teller Machines (ATMs). The Branch Controller, CBN, Lagos State, Mr Koyor Baribokola, gave...
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Naira Gains by 0.04% At Investors, Exporters Window 
January 11, 2023 No Responses

Naira Gains by 0.04% At Investors, Exporters Window 

The naira on Tuesday exchanged at 461.50 to the dollar at the Investors and Exporters window.  The figure represented an appreciation by 0.04 per cent compared with the 461.67 it exchanged on Monday.  The open indicative rate closed at N460.25...
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Stock Market Extends Gain By 0.12% 
January 5, 2023 No Responses

Stock Market Extends Gain By 0.12% 

The Nigerian Exchange (NGX) on Wednesday gained N34 billion as market capitalisation closed at N28.136 trillion from N28.102 trillion recorded on Tuesday.  Also, the All-Share Index (ASI) increased marginally by 61.9 basis points or 0.12 percent to close ...
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NGX Extends Bullish Run, Indices Up 0.46% 
December 29, 2022 No Responses

NGX Extends Bullish Run, Indices Up 0.46% 

The Nigerian Exchange (NGX) on Wednesday extended its bullish trend with market capitalisation rising by N125 billion or 0.46 per cent to close at N27.198 trillion from N27.073 on Friday.  Also, the All-Share Index (ASI) gained 228.51 points or 0.46...
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Yuletide: Ecobank Reassures Customers Of 24-Hour Digital Banking Services
December 23, 2022 No Responses

Yuletide: Ecobank Reassures Customers Of 24-Hour Digital Banking Services

Ahead of the Yuletide holidays, Ecobank Nigeria has reassured that customers will be able to shop seamlessly and carry out all their transactions via the Ecobank Digital platforms, which include the Ecobank Mobile app, USSD *326#, Ecobank Online, Ecobank OmniP...
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Performance Indicators On NGX Up 0.05% 
December 23, 2022 No Responses

Performance Indicators On NGX Up 0.05% 

Bullish sentiment continued at the stock market of the Nigerian Exchange Ltd.(NGX) as the performance indices recorded  0.05 per cent to close at 49,499.43 points.   Specifically, the All-Share Index (ASI), which rose by 0.05 per cent, gained 24...
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SEC Approves NGX Technology Board Listing Rules
December 19, 2022 No Responses

SEC Approves NGX Technology Board Listing Rules

By Moses Ebosele, ebosele@hotmail.com   — The Securities and Exchange Commission (SEC) has approved Rules for Listing on NGX Technology Board.   The NGX Technology Board is a specialised platform for technology-based companies to...
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