Capital Market Archives — Page 54 of 54

March 29, 2019 No Responses

Entities Must Identify, Block Fraudsters, Says Saleh, CEO, Egyptian Stock Exchange

The Executive Chairman, Egyptian Stock Exchange, Mohamed Farid Saleh, has advised financial institution to put in place a detailed Know Your Customer (KYC) policy as part of measures to curtail financial crimes. In a chat with WFE in house magazine,...

March 20, 2019 No Responses

Nigeria To Auction N100b Bonds

The Federal Government of Nigeria will auction by subscription N100 billion worth of bonds on March 27, 2019. The Debt Management Office (DMO) in a circular on its website on Tuesday explained that the five-year re-opening bonds of N40 billion...

March 18, 2019 No Responses

UBA Declares N78.6b Profit, N494b Gross Earnings In 2018

For the 2018 financial year, the United Bank for Africa (UBA) Plc has declared Profit After Tax of N78.6billion, an increase of 1.4 per cent when compared to N77.5 billion recorded in 2017. According to the 2018 financials already filed...

March 8, 2019 No Responses

MTN Nigeria To list Shares Before June, Explains $1b Divestment Agenda

MTN Group has concluded plans to list shares on the floor of Nigerian Stock Exchange (NSE) before the end of June, 2019. In a statement on Thursday, the Group explained that the year 2018 recorded revenue of 37.971billion South African...

March 6, 2019 No Responses

Capital Market Liquidity: Nigeria Seeks National Savings Committee

The Minister of Finance, Mrs Zainab Ahmed has said that the Federal Government is willing to set up a National Savings Committee that will make recommendations to the government on the best ways to mobilise savings that would lead to...

February 27, 2019 No Responses

CSCS Gets ISO/IEC 27001:2013 Re-certification

Central Securities Clearing System (CSCS) Plc has secured its recertification under ISO/IEC 27001:2013 following the recent audit of its compliance with information security risks controls by the British Standards Institution (BSI), UK, one of the world’s la...

February 20, 2019 No Responses

SEC Clamps Down On Growing Circle Over Alleged Illegal Capital Market Activities

The Securities and Exchange Commission, SEC, has sealed off the premises of Growing Circle in Lagos for engaging in alleged illegal fund management activities. According to the Commission, the company was shut down for carrying out investment...

February 7, 2019 No Responses

Financial Inclusion: First Bank, Azuri Technologies Explain Partnership

First Bank of Nigeria Limited and Azuri Technologies, a leader in pay-as-you-go solar technology, on Wednesday announced a unique partnership that will help deepen financial inclusion in Nigeria while bringing affordable, reliable and clean power to millions o...

February 5, 2019 No Responses

SEC Implores Capital Market Stakeholders On Local, Foreign Investments

Stakeholders in the Capital Market have been urged to continue to take positive steps to attract and retain both local and foreign investments as part of measures to stimulate economic growth and develop critical infrastructure necessary for the country’s de...

February 4, 2019 No Responses

Emerging Market Regulators Consult On Sustainable Finance In Capital Markets

Securities regulators from growth and emerging markets are seeking public feedback on proposed recommendations related to the development of sustainable finance in capital markets and the role of securities regulators in this area. Already, IOSCO´s Grow...

January 30, 2019 No Responses

CBN Injects $210m Into Inter-Bank Market

In continuation of its periodic intervention in the foreign exchange market, the Central Bank of Nigeria (CBN) on Tuesday, January 29, 2019, injected another sum of $210 million into the inter-bank foreign exchange market. Figures released by the CBN on...

December 31, 2018 No Responses

How To Reduce Cost Of Doing Business In Nigeria’s Capital Market, By SEC Boss

When properly leveraged, technology will reduce the cost of doing business in Nigeria’s capital market, Acting Director General of the Securities and Exchange Commission, SEC, Mary Uduk has said According to Uduk, this is one of the reasons the apex...