Finance Archives — Page 19 of 21

December 1, 2017 No Responses

Nigeria to commence implementation of revised import, export guidelines January 1, 2018

By Moses Ebosele, ebosele@hotmail.com – Nigeria is to commence implementation of the 2017 Revised Import and Export Guidelines on January 1, 2018. Speaking at a sensitisation workshop in Lagos on Thursday, the Minister of Finance, Mrs Kemi...

December 1, 2017 No Responses

Investors Stake N35.1b on 14.2billion Shares In Four Days

A total turnover of 14.257 billion shares worth N35.056 billion in 17,379 deals were traded between Monday and Thursday this week by investors on the floor of NigerianStock Exchange (NSE) in contrast to a total of 2.182 billion shares valued...

November 30, 2017 No Responses

FG suspends SEC DG, two others

The Director-General of the Securities and Exchange Commission (SEC), Mr. Mounir Gwarzo and two others have been suspended from office by the Minister of Finance, Mrs. Kemi Adeosun as the Federal Government launches investigation into several allegations of...

November 30, 2017 No Responses

Ecobank Nigeria Appoints Olagbami Chief Risk Officer

Ecobank Nigeria has announced the appointment of Mr. Adebiyi Olagbami as an Executive Director and the Chief Risk Officer of the Bank effective November 15, 2017. Mr Olagbami has 25 years banking experience with over 21 years in Risk Management....

November 29, 2017 No Responses

Nigerian Breweries, Stanbic IBTC top gainers’ table as market capitalisation sustains growth by N89b

Nigerian Breweries on Tuesday recorded the highest price gain of N6.43 to lead the gainers’ table and closed at N137.60 per share. Stanbic IBTC followed by a gain of N1.85 to close at N41.85, while Dangote Cement increased by...

November 28, 2017 No Responses

Sterling Bank bags best award in financial inclusion

Sterling Bank Plc, has won the best company in financial inclusion award at the SERAs CSR Africa 2017 awards held in Lagos. The theme of this year’s edition of the awards is transformational sustainability: From Social Responsibility to Social Impact....

November 27, 2017 No Responses

Ministry faults ‘flagrant abuse of import duty waivers by some NGOs, importers’

The Federal Ministry of Finance has alleged attempts by some importers and Non-Government Organisations (NGOs) to malign the name of the Minister of Finance, Mrs. Kemi Adeosun over “spurious claims of refusing to grant import duty waivers in respect of...

November 2, 2017 No Responses

Citibank hosts cash, trade seminar for banking industry professionals

Citibank recently concluded a week long Cash & Trade Seminar for banking industry professionals. The seminar had over 45 participants from various banks in the industry. The annual seminar is a demonstration of Citi’s commitment to using its global ...

October 19, 2017 No Responses

N8b CBN scam: How N8.3m was substituted with paper, by Ecobank staff

Mr Omotayo Sowunmi, a witness in the alleged N8 billion Central Bank of Nigeria (CBN) currency scam case, on Wednesday said that the apex bank lost N8.3 million in a single box meant to contain N10 million. Testifying before Justice...

October 19, 2017 No Responses

Total Nigeria, Flour Mills, others maintain slidding profile as NSE’s market capitalisation drops further by N10b

Total Nigeria Plc on Wednesday recorded the highest loss for the day dropping by N7.59 to close at N245.41 per share. At the end of the day’s transaction on the floor of Nigerian Stock Exchange (NSE), Flour Mills followed with...

October 6, 2017 No Responses

FG releases N100b to Arab Contractors, CCECC, Dantata and Sawoe, others

The proceeds of the N100 billion Sukuk bond has been released by the Federal Government to fund 25 key economic road projects of the Federal Ministry of Power, Works and Housing. Minister of Finance, Mrs. Kemi Adeosun, on Thursday in Abuja, handed...

September 29, 2017 No Responses

SEC arraigns BGL officials over alleged capital market scam

The Securities and Exchange Commission (SEC)on Thursday arraigned BGL Group and its officials at the Chief Magistrate Court Zone 6, Abuja on charges of criminal conspiracy, Breach of Trust and cheating contrary to Sections 96, 312, 322 and 323 of the...

September 20, 2017 No Responses

FG pledges more support for capital market, inaugurates Investment and Securities Tribunal

The Minister of Finance, Mrs. Kemi Adeosun, on Tuesday reconstituted ten-man Investment and Securities Tribunal (IST), which has Siaka Isaiah Idoko as the Chairman. Other members are: Jude I. Udunni, Mr. Nosa Osemwengie, Abubakar A. Ahmad, Albert L. Otesile,...

September 7, 2017 No Responses

Q2: Stanbic IBTC attracts N413.62b capital into Nigeria

Stanbic IBTC, a member of Standard Bank Group, in the second quarter (Q2) of this year, facilitated a $589.84 million capital inflow into the country, ranking it first among financial institutions that imported capital into Nigeria. According to the Nigerian...