NSE Archives — Page 12 of 24 — City Business News

April 5, 2019 No Responses

NSE Unveils Multi-Asset Brand Campaign

As part of efforts to boost investor education and increase investor participation in the Nigerian capital market, the Nigerian Stock Exchange (NSE) has flagged off an above the line marketing campaign that amplifies the Exchange’s credential as a leading securities...

March 29, 2019 No Responses

MPR Reduction: More Experts Laud CBN

The Lagos Chamber of Commerce and Industry (LCCI) has commended the Central Bank of Nigeria (CBN) for reducing the Monetary Policy Rate (MPR) by 50 basis points from 14 per cent to 13.5 per cent. Its Director-General, Mr. Muda Yusuf...

March 29, 2019 No Responses

SEC Extends Issuance of Dividend Warrants to Dec 2019

The securities and Exchange Commission (SEC) has extended the deadline for the discontinuance of the issuance of dividend warrants to 31st December 2019. This the SEC said is to enable relevant stakeholders deliberate on and address all outstanding issues...

March 16, 2019 No Responses

Access Bank Reports N95b Profit For 2018

For the financial year ended December 31, 2018, Access Bank Plc has declared a profit after tax of N95 billion According to the foremost financial institution, the profit after tax grew by 58 per cent compared with N60.07 billion recorded...

March 14, 2019 No Responses

CBN: Nigeria’s Balance Of Payments Records $2.80m Surplus

Nigeria’s Balance of Payment improved by a surplus of $2.80 million in the fourth quarter of 2018, from $4.54 million recorded in the third quarter of same year, the Central Bank of Nigeria (CBN) disclosed on Wednesday. According to a...

March 9, 2019 No Responses

Emefiele And The Stakes At CBN

By Sufuyan Ojeifo – As the central bank and apex monetary authority of the country, the major regulatory objectives of the Central Bank of Nigeria (CBN) as mirrored in the institution’s enabling Act are to maintain the e...

March 8, 2019 No Responses

Seplat Declares $746m Revenue, Recommends $0.05 Dividend For 2018

citybusinessnews@yahoo.com – For the year 2018, a leading Nigerian indigenous oil and gas company, Seplat Petroleum Development Company Plc has declared $746million revenue and operating profit of $310million Listed on both the Nigerian Stock Excha...

March 8, 2019 No Responses

MTN Nigeria To list Shares Before June, Explains $1b Divestment Agenda

MTN Group has concluded plans to list shares on the floor of Nigerian Stock Exchange (NSE) before the end of June, 2019. In a statement on Thursday, the Group explained that the year 2018 recorded revenue of 37.971billion South African...

March 6, 2019 No Responses

Nigeria Stops Forex Sale To Textile Importers

Citing need to encourage growth of the textile and cotton industry, the Central Bank of Nigeria, CBN, on Tuesday announced the restrictions of sale of foreign exchange to importers of textiles and other clothing materials with immediate effect. Speaking during...

March 6, 2019 No Responses

Capital Market Liquidity: Nigeria Seeks National Savings Committee

The Minister of Finance, Mrs Zainab Ahmed has said that the Federal Government is willing to set up a National Savings Committee that will make recommendations to the government on the best ways to mobilise savings that would lead to...

March 1, 2019 No Responses

Nigeria Stock Markets Dips Further By N196b

Trading on the Nigerian Stock Exchange (NSE) on Thursday continued to react negatively to the outcome of the presidential election with the market capitalisation losing N196 billion to close below N12 trillion mark in February. Specifically, the market capital...

February 27, 2019 No Responses

Nigeria Boosts Foreign Exchange Market With $210m

The Central Bank of Nigeria (CBN) has injected 210 million dollars into the inter-bank Foreign Exchange Market to ensure adequate supply of foreign exchange to customers. The CBN Director, Corporate Communications Department, Isaac Okorafor, in a statement on ...

February 20, 2019 No Responses

SEC Clamps Down On Growing Circle Over Alleged Illegal Capital Market Activities

The Securities and Exchange Commission, SEC, has sealed off the premises of Growing Circle in Lagos for engaging in alleged illegal fund management activities. According to the Commission, the company was shut down for carrying out investment...

February 20, 2019 No Responses

Nigeria Lifts FOREX Market With $210m

The Central Bank of Nigeria (CBN) has made a fresh injection of $210 million into the inter-bank foreign exchange market in its determination to boost supply in that sector of the market. Figures released by the Bank on Tuesday, February...