Tag: Capital Market

CBN Raises Interest Rate To 17.5%
January 24, 2023 No Responses

CBN Raises Interest Rate To 17.5%

Against projections by some experts, the Monetary Policy Committee (MPC) of Central Bank of Nigeria (CBN) has increased the monetary policy rate by 100 basis points to 17.5 per cent. This is contained in a communiqué issued at the end...
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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, ...
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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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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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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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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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<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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Emefiele: Nigeria’s Rising Inflation Consistent With Global Trend 
November 26, 2022 No Responses

Emefiele: Nigeria’s Rising Inflation Consistent With Global Trend 

Governor of Central Bank of Nigeria (CBN), Godwin Emefiele,  on Friday said the steady increase in headline inflation from 15.60 per cent in January to 20.77 per cent in September was consistent with global trends.  Emefiele said this at the 57t...
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<strong>Corpreneurship Challenge: Unity Bank Splashes N10m Grant On 30 Corps Members</strong><strong>  </strong>
November 25, 2022 No Responses

Corpreneurship Challenge: Unity Bank Splashes N10m Grant On 30 Corps Members  

Unity Bank Entrepreneurship Development Initiative – Corpreneurship Challenge, targeted at empowering fresh graduates and Corp Members on one-year compulsory national youth service has, in its ninth edition of the Corpreneurship Challenge held ...
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Union Bank Gets Euromoney Market Rankings In Five Categories 
November 23, 2022 No Responses

Union Bank Gets Euromoney Market Rankings In Five Categories 

Union Bank of Nigeria (UBN) Plc has received high ratings in five categories at the 2022 Euromoney market rankings.  Mrs Ogochukwu Ekezie-Ekaidem, the Chief Brand and Marketing Officer, UBN, made the announcement in a statement on Tuesday in Lagos . ...
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