Category: Capital Market/Banking

SEC Begins Regulatory Fee On Fixed Income Transactions Jan 1
December 17, 2021 No Responses

SEC Begins Regulatory Fee On Fixed Income Transactions Jan 1

The securities and Exchange Commission is to commence regulatory fee on fixed income (Bonds) secondary market transactions with effect from January 1, 2022.   This was contained in a Circular dated December 15, 2021 and signed by the Management of the SEC. ...
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Nigeria’s Green Bond Market Exceeds N55b
December 14, 2021 No Responses

Nigeria’s Green Bond Market Exceeds N55b

The value of Nigeria’s green bonds market has grown to N55.52 billion in four years, from 2017 to 2021, Nigerian Exchange (NGX) disclosed on Monday.  The Chief Executive Officer, NGX, Mr Temi Popoola, said this during the Sustainable Finance Training...
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Shareholders Seek Reduction In Banks’ Mandatory Cash Reserve Ratio
December 13, 2021 No Responses

Shareholders Seek Reduction In Banks’ Mandatory Cash Reserve Ratio

Members of Independence shareholders Association of Nigeria (ISAN) have criticised hike in banks’ mandatory Cash Reserve Ratio (CRR).   In a statement on Sunday, ISAN’s founder, Sir Sunny Nwosu, urged the Central Bank of Nigeria (CBN) to reduce t...
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First Bank Unveils Transact And Win Promo, Rewards Firstmonie Wallet Customers
December 13, 2021 No Responses

First Bank Unveils Transact And Win Promo, Rewards Firstmonie Wallet Customers

Users of Firstmonie Wallet, the mobile-friendly wallet application by FirstBank are in for an exciting time as they are being rewarded for their continued patronage of its services in a two-month campaign, tagged Transact and Win promo which started on...
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Ecobank Group Explains N104.51b Profit In Nine Months
December 9, 2021 No Responses

Ecobank Group Explains N104.51b Profit In Nine Months

For the nine months ended September 30, 2021, Ecobank Transnational Incorporated (ETI) has announced Profit after tax of  N104.51billiion, an increase of 916 per cent when compared with N10.28billion reported within same period in 2020. According to ...
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Nigerian Stock Market Sustains Growth By N217b
December 9, 2021 No Responses

Nigerian Stock Market Sustains Growth By N217b

Sentiments remained positive in the domestic stock market on Wednesday with a growth of N217 billion arising from price rally recorded by MTN Nigeria Communications (MTNN) and 19 other stocks.  Specifically, the market capitalisation inched higher by N217...
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How To Tackle Unclaimed Dividends Through Identity Management, By SEC DG
December 8, 2021 No Responses

How To Tackle Unclaimed Dividends Through Identity Management, By SEC DG

The Securities and Exchange Commission (SEC) has disclosed that the Commission is engaging relevant stakeholders in a bid to resolve issues of identity management which will assist in solving the rising unclaimed dividends in the capital market as well as...
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NGX Recovers N5b
December 8, 2021 No Responses

NGX Recovers N5b

The Nigerian stock market rebounded on Tuesday by five billion naira to halt six days consecutive bearish outing.  Specifically, the market capitalisation which opened at N21.920 trillion inched higher by five billion or 0.02 per cent to close at N21.925....
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CBN Earmarks N5b Loan For Investors
December 8, 2021 No Responses

CBN Earmarks N5b Loan For Investors

The Central Bank of Nigeria (CBN) on Tuesday released guidelines for its “Production and Productivity” initiative, through “100 projects for EVERY 100 days” project.  Information in the apex bank’s website revealed that the initiative was design...
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eTranzact: Resolving 70m Unbanked Population Will Increase Market Participation
December 7, 2021 No Responses

eTranzact: Resolving 70m Unbanked Population Will Increase Market Participation

The Managing Director/Chief Executive Officer of eTranzact International Plc, Mr Olaniyi Toluwalope, has said that leveraging technology could help close the investment gap in the capital market. Toluwalope said this at the Capital Market Correspondents Associ...
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FBN Holdings Reports N427b Gross Earnings, N40.9b Profit In Nine Months
December 7, 2021 No Responses

FBN Holdings Reports N427b Gross Earnings, N40.9b Profit In Nine Months

By Moses Ebosele, ebosele@hotmail.com — For the nine months ended September 30, 2021, FBN Holdings Plc has declared                        &nbs...
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Market Capitalisation Dips Further By N83b
December 7, 2021 No Responses

Market Capitalisation Dips Further By N83b

Transactions in the domestic equities market carried on last week’s bearish performances with the indices dropping by 0.38 per cent, amid sell pressure.  Thus, the All-Share Index declined by 159.31 points or 0.38 per cent to close at 42,008.60 from...
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SEC Implores Capital Market Stakeholders On Technology Innovations
December 5, 2021 No Responses

SEC Implores Capital Market Stakeholders On Technology Innovations

The Director-General, Securities and Exchange Commission (SEC), Lamido Yuguda has challenged stakeholders in Nigeria’s capital market to leverage technology as part of measures to boost financial inclusion.  In his keynote address on Sat...
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Nigerian Stock Market Extends Losing Streak By N113b
December 3, 2021 No Responses

Nigerian Stock Market Extends Losing Streak By N113b

The Nigerian stock market extended bearish mood on Thursday on the back of sell pressure on Seplat Energy and 33 others.  Specifically, the market capitalisation dropped further by N113 billion or 0.51 per cent to close at N22.044 trillion from...
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