Category: Capital Market/Banking

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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Dangote Cement Shareholders Approve 10 % Share Buy-Back Scheme 
December 14, 2022 No Responses

Dangote Cement Shareholders Approve 10 % Share Buy-Back Scheme 

Shareholders of Dangote Cement, unanimously on Tuesday authorised the Management of the company to undertake a share buyback of up to 10 percent of its issued shares, effective from the date of the resolution.   The company had earlier indicated an.....
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CVFF: UBA, Zenith Bank, Union Bank, Others To Disburse N16b, $350m
December 12, 2022 No Responses

CVFF: UBA, Zenith Bank, Union Bank, Others To Disburse N16b, $350m

Five Banks have been selected for the disbursement of Cabotage Vessel Financing Fund (CVFF).   The Banks are: United Bank for Africa (UBA), Zenith Bank,  Union Bank of Nigeria, Polaris Bank and Jaiz Bank.    Minister of Trans...
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Emefiele: Export Proceeds Repatriation To Hit $1b In Q4 
December 11, 2022 No Responses

Emefiele: Export Proceeds Repatriation To Hit $1b In Q4 

The Governor, Central Bank of Nigeria (CBN),  Godwin Emefiele, on Saturday expressed optimism that export proceeds repatriation for rebate would hit N1billion fourth quarter of 2022.  Emefiele said this at a press conference on the outcome of th...
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<strong>FMDQ: Exchange Traded Derivative Will Help Govt Raise Cheaper Funds</strong>
December 10, 2022 No Responses

FMDQ: Exchange Traded Derivative Will Help Govt Raise Cheaper Funds

By citybusinessnews@yahoo.com   — FMDQ Securities Exchange Limited is working towards the launch of Exchange Traded Derivative (ETD) products that will enable the government raise funds at a cheaper cost.  Head, Market Architecture, FMDQ Securiti...
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DMO Issues Two FGN Savings Bonds
December 8, 2022 No Responses

DMO Issues Two FGN Savings Bonds

The Debt Management Office (DMO) has announced its December issuance of two Federal Government of Nigeria (FGN) Savings Bonds at N1,000 per unit.  According to a statement by the DMO, the first offer is a two-year FGN Savings Bond due...
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<strong>At ISSAN Confab, CBN, Stakeholders, Harp On Measures Against Cyber Attacks</strong>
December 6, 2022 No Responses

At ISSAN Confab, CBN, Stakeholders, Harp On Measures Against Cyber Attacks

The Central Bank of Nigeria (CBN) has assured information security stakeholders and the general public of its collaboration to check the rising cases of cyber-attacks within Nigeria’s cyberspace.   Director, Payments System Management Department of the...
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<strong>Ecobank Nigeria Appoints Carol Oyedeji As Deputy Managing Director</strong> 
December 3, 2022 No Responses

Ecobank Nigeria Appoints Carol Oyedeji As Deputy Managing Director 

The Board of Ecobank Nigeria has announced the appointment of Carol Oyedeji as a Deputy Managing Director.    A statement sent to City Business News explained that the appointment of Mrs. Oyedeji, has since been approved by the Ce...
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Access Holdings Shareholders Approve New Capital Structure
December 1, 2022 No Responses

Access Holdings Shareholders Approve New Capital Structure

Shareholders of Access Holdings (Access Corporation) Plc, have approved the transfer of 35.545 billion shares in the issued and paid-up capital of Access Bank to the Holding Company.  The shareholders at Access Holdings Extra General Meeting held in ...
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