Finance – Page 9 – City Business News

August 15, 2018 No Responses

Nigeria Lifts Forex Market With $210m

The Central Bank of Nigeria (CBN) has sustained its intervention in the inter-bank foreign exchange market by injecting yet another sum of $210,000,000 into various sums of the market on Tuesday, August 14, 2018. At Tuesday’s trading, the Bank offered...

August 11, 2018 No Responses

Investors Stake N2.7B On UBA, Wema Bank, Zenith In Five Days

For the week ended August 10, 2018, investors on the floor of Nigerian Stock Exchange (NSE) staked not less than N2.7Billion on 260.554 million shares of United Bank for Africa Plc, Wema Bank Plc and Zenith International Bank Plc in...

August 8, 2018 No Responses

Nigeria Boosts Forex Market With $210m

Citing need to boost forex availability and meet customers’ requests in various segments of the market, the Central Bank of Nigeria (CBN) on Tuesday injected $210 million into the inter-bank Foreign Exchange (forex) Market. At the forex trading, the CBN...

July 30, 2018 No Responses

Pension Fund Assets Hit N8.14trillion

As at end of May, 2018, total pension fund assets stood at N8.14 trillion, the National Pension Commission (PenCom) has revealed. According to PenCom spokesman, Peter Aghahowa, the assets rose from N7.52 trillion in December 2017, adding that: ”The....

July 28, 2018 No Responses

CBN Approves $340m, CNY69m For Agric, Raw Materials

The Central Bank of Nigeria (CBN), on Friday, provided 340 million dollars and 69 million Chinese Yuan (CNY) to customers seeking foriegn exchange in the agricultural and raw material sector. The acting Director, Corporate Communications, Mr Isaac Okorafor,...

July 24, 2018 No Responses

Osinbajo Implores Capital Market On Economic Growth, Development

Vice President Yemi Osinbajo has said that for investors to take advantage of government’s incentives and improved business environment, there needs to be availability of medium to long term capital in the form of bonds, equity and loans. The necessity...

July 23, 2018 No Responses

CIS Partners SEC On Capital Market Studies

The Chartered Institute of Stockbrokers (CIS) has pledged to work with the Securities and Exchange Commission (SEC) in its desire to infuse Capital Market Studies (CMS) into the curriculum of schools in the country. Already, the apex regulator of...

July 19, 2018 No Responses

GTBank, Okomu Oil, FBN Holdings, Oando, Others Sustain Sliding Profile

More firms on the floor of Nigeria Stock Exchange (NSE) sustained sliding profile on Wednesday as Bears maintained dominance for the third consecutive trading days. At the end of the day’s trading, the All-Share Index lost 215.52 points or 0.58...

July 18, 2018 No Responses

Nigeria Explains N228.9b For 2019 Polls

President Muhammadu Buhari has forwarded a letter to the National Assembly seeking N228,854,008,215 from the N9.12 trillion 2018 budget to fund the 2019 general election and other critical projects. According to Buhari, the N228.9 billion from N578,319, 9...

July 18, 2018 No Responses

NBS Implores Respondents On MSMEs Survey

The Statistician-General of the Federation, Dr Yemi Kale has appealed to all selected respondents to provide information for the ongoing Micro, Small and Medium Enterprises (MSMEs) survey in the country. The survey is being carried out by the National ...

July 18, 2018 No Responses

Capital Market Forum Explores Strategies, Best Practices To Tackle Cyber Threat

The Nigerian Stock Exchange (NSE) has announced its bi-annual Nigerian Capital Market Information Security Forum (NCMISF), themed, “Social Engineering, The Neglected Human Factor”, will hold on Wednesday, July 25, 2018, at the NSE Event Center, 2/4 Custo...

July 16, 2018 No Responses

SEC Reiterates Support For Capital Market

The Securities and Exchange Commission, SEC has restated its dedication to collaborate with relevant stakeholders to further develop and deepen the capital market. The Ag. Director General of the Securities and Exchange Commission, SEC, Ms Mary Uduk ...

July 14, 2018 No Responses

FIRS Generates N2.5Tri In Six Months

The Federal Inland Revenue Service has announced that it realized a total of N2, 529,615,174,601.25 (Two trillion, five hundred and twenty-nine billion, six hundred and fifteen million, one hundred and seventy-four thousand, six hundred and one naira, twenty-...

July 13, 2018 No Responses

Nigeria Reconstitutes Tax Appeal Tribunals

The Federal Government has reconstituted the Tax Appeal Tribunals in the six geo-political zones as well as Lagos and Federal Capital Territory. The reconstitution of the Tribunals is in accordance with Section 2(1) of the Fifth Schedule of the...