Capital Market – Page 57 – City Business News

February 13, 2020 No Responses

At Ecobank Agric Summit, FG Reiterates Support For Agro-Industrial Processing Zones

Nigeria’s Minister of State for Agriculture, Mr Mustapha Shehuri, on Thursday in Lagos, pledged the commitment of the Federal Government to support and promote Special Agro-Industrial Processing Zones (SAPZs).Speaking at the maiden edition of the Ecobank’ Agribusiness Summit, Shehuri said...

February 12, 2020 No Responses

Kurfi Projects Double Digit Growth For Nigerian Stock Market In 2020

Seasoned capital market operator, Malam Garba Kurfi, on Wednesday expressed optimism that the Nigerian equities market would witness double digit growth in 2020.Kurfi, the Managing Director, APT Securities and Funds Ltd., stated this at the Capital Market Corr...

February 12, 2020 No Responses

Demutualisation: NSE Releases 78:22 Sharing Formular For Dealing, Ordinary Members

The Nigerian Stock Exchange (NSE) on Tuesday released the distribution formula for the allotment of shares for the post-demutualised Nigerian Exchange Group Plc on the ratio of 78:22 between dealing members and ordinary members. The exchange stated this in a.....

February 10, 2020 No Responses

Tony Elumelu Foundation Disburses $5m Partnership Commitment From AfDB

Tony O. Elumelu, CON, has congratulated the African Development Bank (AfDB), and AfDB President Akinwumi Adesina, on their commitment to African entrepreneurship, with the disbursement of $2.5million seed capital to the AfDB-sponsored beneficiaries of the 2019...

February 8, 2020 No Responses

NSE Emerges Second Largest ETF Market In Africa

The Nigerian Stock Exchange (NSE) has emerged the second largest Exchange Traded Fund (ETF) market in Africa with current market capitalisation of N6.9 billion. Mr Oscar Onyema, NSE Chief Executive Officer, stated this on Friday at the Smart Investment Worksho...

February 6, 2020 No Responses

Fidelity Bank Appoints Isa Inuwa Non-Executive Director

The Board of Directors of Fidelity Bank Plc has announced the appointment of Alhaji Isa Mohammed Inuwa as an Independent Non-Executive Director of the Bank.A statement issued on Thursday explained that the Nigerian Stock Exchange (NSE) has been notified of...

February 5, 2020 No Responses

Demutualisation: NSE to hold Court-Ordered Meeting

Ahead of its demutualisation exercise, the Nigerian Stock Exchange (NSE) is set to hold a Court-Ordered Meeting with its members on March 3, 2020.The notice of the meeting obtained by the News Agency of Nigeria (NAN) in Lagos stated that...

February 3, 2020 No Responses

Finance Act Represents Landmark Achievement For Nigerian Capital Market‘

By Citybusinessnews@yahoo.com The Chief Executive Officer, Nigerian Stock Exchange (NSE), Oscar Onyema on Monday described the signing of the Finance Bill into law as a landmark achievement for the Nigerian Capital Market.In a welcome address at a symposi...

February 3, 2020 No Responses

How To Attract Investors To African Capital Markets, By Fourier, CEO, JSE

Most African Capital Markets are too small to attract the attention of international investors, the Chief Executive Officer, Johannesburg Stock Exchange (JSE), Dr Leila Fourie has said. To reverse the trend, Fourier has called for adequate liquidity thro...

January 31, 2020 No Responses

Interswitch Lists ₦23b Bond On NSE

The Nigerian Stock Exchange (NSE) on Friday admitted Interswitch Limited’s N23billion Bond.The Callable Senior Unsecured Bond, with a tenor of seven years, at a fixed rate of 15 percent, is part of a N30 billion Debt Issuance Programme issued through.....

January 31, 2020 No Responses

Market Capitalisation Declines By N96b In January

The All-Share Index of the Nigerian Stock Exchange (NSE) on Friday closed trading for the month of January below 29,000 mark following the dominance of the bears.Specifically, the index on Friday dipped 187.40 points or 0.65 per cent to close...

January 30, 2020 No Responses

DBN Disburses N133b To MSME’s In 18 months

In the last 18 months, Development Bank of Nigeria (DBN) disbursed a total of N133 billion to Micro, Small and Medium Enterprises (MSMEs) operators across the country. The DBN Managing Director, Mr Tony Okpanachi, disclosed this at the ongoing Nigerian...

January 30, 2020 No Responses

Market Capitalisation Drops Below N15tri Mark

The market capitalisation of the Nigerian Stock Exchange (NSE) on Wednesday dropped to N14 trillion mark due to persistent profit taking. Specifically, the market capitalisation which opened at N15.132 trillion shed N138 billion or 0.91 per cent to close at...

January 29, 2020 No Responses

Aisha Hassan-Baba, Orji Join UBA Board

The United Bank for Africa (UBA) Plc has announced the appointments of Aisha Hassan-Baba and Kenneth Orji as Non-Executive Directors on the Group’s Board.In a notice to the Nigerian Stock Exchange (NSE), UBA explained that the new appointments are subject...