Tag: Foreign Exchange

Stock Market Recovers N65b 
August 25, 2022 No Responses

Stock Market Recovers N65b 

Trading activities on the Nigerian Exchange Ltd., (NGX) closed on a positive note on Wednesday, with indices growing by 0.22 per cent following gains by BUA Cement, Nestle  and Stanbic Bank  Specifically, the market capitalisation gained N65 billion or 0.25 per...
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CBN Introduces RT200 Programme To Improve Exports, Boost FOREX
February 11, 2022 No Responses

CBN Introduces RT200 Programme To Improve Exports, Boost FOREX

The Central Bank of Nigeria (CBN) has introduced a new intervention programme (RT200) to help improve export receipts and boost the country’s foreign exchange earnings.  The CBN Governor, Mr Godwin Emefiele, made this known on Thursday in Abuja, while a...
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LCCI Tasks FG On Inflation, Others
January 12, 2022 No Responses

LCCI Tasks FG On Inflation, Others

The Lagos Chamber of Commerce and Industry (LCCI) has called for better management of the country’s inflation, foreign exchange(FX) and debt portfolio indexes.  LCCI President, Dr Michael Olawale-Cole, made the call during the Chamber’s 2022 first qua...
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Osinbajo Clarifies View On Exchange Rate
October 12, 2021 No Responses

Osinbajo Clarifies View On Exchange Rate

Senior Special Assistant to the President on Media and Publicity,  Office of the Vice President, Laolu Akande, has made clarifications on Vice President Yemi Osinbajo’s view on the naira exchange rate.  Akande, in a statement on Tuesday, explained that the...
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Banks Comply With CBN FOREX Directive, Sell Dollar At N412
August 2, 2021 No Responses

Banks Comply With CBN FOREX Directive, Sell Dollar At N412

In compliance with the new Foreign Exchange (FX) regulation by the Central Bank of Nigeria (CBN), commercial banks in Abuja have set up dedicated teller points for FX transactions in their branches.  The News Agency of Nigeria (NAN) recalls that...
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MRS Oil, Vitafoam Top Gainers’ Table As Investors Earn N94b On NGX
June 1, 2021 No Responses

MRS Oil, Vitafoam Top Gainers’ Table As Investors Earn N94b On NGX

Transactions on the Nigerian Exchange (NGX) closed Monday upbeat with a N94 billion growth.  Specifically, the market capitalisation returned to the N20 trillion mark, increasing by N94 billion to close at N20.034 trillion from N19.940 trillion on Friday....
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FMDQ Lists TrustBanc Holdings Maiden Commercial Paper
May 29, 2021 No Responses

FMDQ Lists TrustBanc Holdings Maiden Commercial Paper

FMDQ Securities Exchange Ltd has approved the quotation of TrustBanc Holdings Ltd., N0.20 billion series 1 Commercial Paper (CP), under its N10 billion CP issuance programme.  The company in a statement on Friday explained that TrustBanc Holdings is a reg...
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Investors Lose N148b As ABC Transport Top Gainers’ Table
May 19, 2021 No Responses

Investors Lose N148b As ABC Transport Top Gainers’ Table

The Nigerian Exchange (NGX) market capitalisation dropped further by N148 billion, extending bearish run to two consecutive trading sessions.  Specifically, the market capitalisation which opened at N20.487 trillion shed N148 billion or 0.72 per cent to c...
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NSE Members Approve Listing By Introduction
November 19, 2020 No Responses

NSE Members Approve Listing By Introduction

The Nigerian Stock Exchange (NSE) on Wednesday received members approval for listing by introduction at its 59th Annual General Meeting held in Lagos. President of the National Council of NSE, Otunba Abimbola Ogunbanjo, explained that  the appro...
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SEC To Introduce Capital Market Studies In Primary, Tertiary Institutions
October 19, 2020 No Responses

SEC To Introduce Capital Market Studies In Primary, Tertiary Institutions

The Securities and Exchange Commission (SEC) is working with other stakeholders in the market to introduce capital market studies in primary, secondary and tertiary institutions in the country.  Mrs Efe Ebelo, the Head of Corporate Communication,  SE...
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SEC: Digital Assets Classification Aimed At Investor Protection
September 21, 2020 No Responses

SEC: Digital Assets Classification Aimed At Investor Protection

The Securities and Exchange Commission (SEC) has said that the recently released SEC Statement on Digital Assets and their Classification and Treatmen is aimed at boosting investors’ protection in the capital market.Emomotimi Agama, Head, Registration, Excha...
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Naira Closes at N435 To Dollar At Parallel Market
September 8, 2020 No Responses

Naira Closes at N435 To Dollar At Parallel Market

The Naira on Monday gained N5 to close at N435 to the dollar at the parallel market in Lagos.  The Pound Sterling and the Euro closed at N575 and N515, respectively.  At the Bureau De Change window, the Naira traded...
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CBN Resumes Sales Of Foreign Exchange To BDC Operators
August 28, 2020 No Responses

CBN Resumes Sales Of Foreign Exchange To BDC Operators

The Central Bank of Nigeria (CBN) has commenced the sales of foreign exchange to the Bureau De Change (BDC) operators in the country. In a circular signed by Dr Ozoemena Nnaji, Director Trade and Exchange Department, and addressed to authorised...
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Oscar Onyema Highlights Resilience Of Nigeria’s Capital Market
May 26, 2020 No Responses

Oscar Onyema Highlights Resilience Of Nigeria’s Capital Market

As corporations all over the world battle the impacts of the Coronavirus (COVID-19), the support of securities exchanges for capital market ecosystems has become even more relevant in building sustainable businesses and stimulating growth across Africa.  ...
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