Capital Market Archives — Page 57 of 59

May 23, 2019 No Responses

Customers Win N59m In Access Bank’s DiamondXtra Savings Scheme

Access Bank Plc has rewarded about 1,016 with more than N59 million in its DiamondXtra season 11 quarterly draw prize presentation held yesterday at the bank’s headquarters in Lagos. According to the Bank, Mrs Nnenna Chukwu was the star prize winner, winning N100, 000...

May 22, 2019 No Responses

Emefiele In Benin, Assures On Single-Digit Interest For MSMEs

The Governor of the Central Bank of Nigeria (CBN), Mr Godwin Emefiele, has assured entrepreneurs set to commence operations at the Edo Production Centre, of the availability of favourable financing options. Emefiele, who spoke on Wednesday during a visit ...

May 21, 2019 No Responses

NSE Backs MTN On N40b Free Float Requirement, Premium Board Listing

By Moses Ebosele, ebosele@hotmail.com — MTN Nigeria met with the free float requirement of N40 billion. The free float of MTN Nigeria at the time of listing was in excess of N90 billion, the Nigerian Stock Exchange (NSE) clarified on...

May 20, 2019 No Responses

Rotary Honours NSE With Outstanding Company Award

The Nigerian Stock Exchange (NSE) has received “Rotary Outstanding Invaluable Company Award” from Rotary International District 9110, Nigeria, one of the 535 Districts that make up Rotary International worldwide. It comprises over 100 Rotary Clubs wit...

May 16, 2019 No Responses

SEC Boss To Nigerians: Beware, Loom Is A Ponzi Scheme

The Securities and Exchange Commission, SEC, has raised the alarm over the activities of some alleged online fraudsters, who are currently running an online investment scheme tagged ‘Loom Money Nigeria’.SEC explained that Loom Money Nigeria, is taking over...

May 16, 2019 No Responses

NSE Admits 20.35billion Shares Of MTN

The Nigerian Stock Exchange (NSE) has admitted by introduction 20.35 billion (20,354,513,050) ordinary shares of MTN Nigeria Communications Plc (MTN ) at N90 per share, on its Premium Board, on Thursday, May 16, 2019. MTN Nigeria, a part of the ...

May 9, 2019 No Responses

Buhari Reappoints Emefiele As CBN Governor For Second Term

President Muhammadu Buhari has reappointed the Governor of the Central Bank of Nigeria, Godwin Emiefele, for a second and final term of five years.A letter to the Senate seeking Mr Emefiele’s confirmation was on Thursday read out by Senate Preside...

May 8, 2019 No Responses

Uwaleke To Investors: Leverage On Low Prices Of Stock

A Professor of Finance & Capital Market, Uche Joe Uwaleke has advised investors to take advantage of the prevailing low equities pricing in the Nigerian stocks market to boost their investment opportunities. Uwaleke, who is also the head, Banking ...

May 8, 2019 No Responses

CBN Lifts Forex Market With $205m

The interbank segment of the Foreign Exchange Market has received a boost of $205 million from the Central Bank of Nigeria (CBN) following the sales concluded on Tuesday, May 7, 2019. Figures obtained from the CBN indicated that authorized dealers...

May 7, 2019 No Responses

Financial Literacy Team Visits FIRS Boss, Explains Capital Market Studies Curriculum

There are indications that the proposed stand-alone curriculum on Capital Market Studies, CMS, will soon be infused into carrier subjects in Basic and Secondary Schools in Nigeria.This indication was given by the Chairperson of the Financial Literacy Technical...

May 6, 2019 No Responses

SEC Receives MTN’s Application For Listing on Nigerian Stock Exchange

The Securities and Exchange Commission (SEC) on Monday disclosed that MTN Nigeria has formally applied for listing by introduction on the Nigerian Stock Exchange (NSE). SEC Head, Corporate Communications, Efe Ebelo, who confirmed the development explaine...

May 6, 2019 No Responses

Textile Smuggling: CBN To Blacklist Banks, Firms, Individuals

To revive Nigeria’s moribund cotton, textiles and garments sector, the Central Bank of Nigeria (CBN) on Monday commenced the distribution of cotton seeds and other inputs to farmers in Katsina State.To encourage local textile production, the apex bank also t...

April 28, 2019 No Responses

SEC Nigeria To Align Master Plan With Current Economic Realities

The Securities and Exchange Commission (SEC) is to align the 10 Year Capital Market Master plan with current economic realities as well as ensure the planned review is concluded in record time. Acting Director General of SEC Nigeria, Ms. Mary Uduk...

April 26, 2019 No Responses

Access Bank Shareholders Get 25kobo Final Dividend

Shareholders of Access Bank Plc on Thursday approved the final payment of 25kobo dividend. Speaking during the Annual General Meeting in Lagos, the Shareholders also commended the Board and Management of the Bank on the successful merger with Diamo...