Capital Market Archives — Page 54 of 59

September 6, 2019 No Responses

NSE Downgrades Oando Plc

The Nigerian Stock Exchange (NSE) has announced the reclassification of Oando Plc from Medium Priced Stock to Low Priced Stock effective Thursday, September 5, 2019. According to NSE, this is in compliance to Rule 15.29: Pricing Methodology, Rulebook of The...

August 27, 2019 No Responses

CBN To Nigerians: Beware Of Fraudulent Loan Offers

The Central Bank of Nigeria (CBN) has warned Nigerians to beware of Fraudulent loans being offered to the unsuspecting public by fraudsters on social media. In a statement, on Monday, the apex bank said such loans are fake and not...

August 25, 2019 No Responses

Investors Consolidate 3.4b Shares

Investors Consolidate 3.4b Shares The Securities and Exchange Commission (SEC), has announced that considerable progress has been made in the implementation of its consolidation of multiple shareholder accounts and electronic Dividend Mandate Management System...

August 20, 2019 No Responses

Zenith Bank Explains N9.4b Interim Dividend

For the six-months ended June 30, 2019, the board of Zenith Bank Plc has approved N9.4billion interim dividend for shareholders, amounting to 30kobo per share. Zenith Bank Plc explained on Monday that shareholders on the register of the bank as...

August 20, 2019 No Responses

NSE Lists Greenwich Trust ETF

The Nigerian Stock Exchange (NSE) has listed Greenwich Alpha ETF on its Daily Official List. The Greenwich Alpha ETF units were listed at N100 each following an Initial Public Offer (IPO) on Monday, August 19, 2019. Greenwich Alpha is an...

August 15, 2019 No Responses

Digital Assets Takes Centre Stage As Investors Education Begins September 30

The International Organization of Securities Commissions (IOSCO) has concluded plans to launch its third annual World Investor Week (WIW) from 30 September to 6 October 2019. WIW is a week-long, global campaign, which aims to promote investor education a...

August 10, 2019 No Responses

CBN Injects $280.04m, CNY 28.3m Into Retail SMIS

The Retail Secondary Market Intervention Sales (SMIS) has received a boost of $280.04 million from the Central Bank of Nigeria (CBN), which also injected the sum of CNY 28.3 million in the spot and short tenored forwards segment of the...

August 5, 2019 No Responses

Nigeria To Address VAT Exemption, Others On Capital Market Transactions

The Federal Government has stated that it is already tackling the issues regarding stamp duties collection and the extension of the VAT exemption on capital market transactions.This was stated by Vice President Yemi Osibanjo at the Awards Night of the...

August 2, 2019 No Responses

NSE Delists First Aluminium Shares

The Nigerian Stock Exchange (NSE) has delisted the entire issued share capital of First Aluminium Nigeria Plc. In a statement, NSE explained that the move followed the suspension of trading in the shares of the company in preparation for the...

August 1, 2019 No Responses

NSE Unveils N30,000 Per Unit Factbook

The Nigerian Stock Exchange (NSE) has unveiled its 2019 factbook. The Factbook is a compendium of capital market information, aimed at ensuring availability and easy access to current and historical market information for both local and foreign investors. &nbs...

July 31, 2019 No Responses

CBN Boosts Wholesale Segment, Others With $210m

In its last intervention for the month of July, the Central Bank of Nigeria (CBN) has injected the sum of $210 million into the inter-bank Foreign Exchange Market. Figures obtained from the CBN on Tuesday, July 30, 2019, indicated that...

July 27, 2019 No Responses

UBA Pledges More Funding For SMEs

The United Bank for Africa Plc (UBA) has pledged more funding for the growth and development of Small and Medium Scale Enterprises (SME’s) in Africa. The General Managing Director, UBA, Mr Kennedy Uzoka disclosed this on Friday in Abuja at...

July 27, 2019 No Responses

CBN Injects $284.2m, CNY36m

The Central Bank of Nigeria (CBN), in the latest round of mediation in the inter-bank foreign exchange market, has injected the sum of $284.2million in the retail Secondary Market Intervention Sales (SMIS). This is in addition to CNY36.0million in the...

July 18, 2019 No Responses

SEC, NFIU Sign Mou To Tackle Ponzi Schemes, Others

The Securities and Exchange Commission (SEC) has signed a Memorandum of Understanding (MoU) with the Nigerian Financial Intelligence Unit (NFIU) to combat Ponzi schemes and fraud in the capital market. Mrs Mary Uduk, the Acting Director-General of SEC, disclos...