Stock Market – Page 29 – City Business News

April 27, 2017 No Responses

Transcorp declares 20 % growth in revenue

For the first quarter ended March 31, 2017, Transnational Corporation of Nigeria Plc (Transcorp), has announced total revenue of N13.2billion representing a 20% increase when compared to the Group’s performance of N15.8billion in the corresponding period of 2016. According to the...

April 5, 2017 No Responses

NSE Photo News

L – R: Dr. Demola Sogunle, Chief Executive, Stanbic IBTC Bank PLC; Mr. Oscar N. Onyema, OON, Chief Executive Officer, The Nigerian Stock Exchange (NSE); Mrs. Sola David-Borha, Chief Executive (Africa Regions), Standard Bank Group; Mr. Yinka Sanni, Chief Exec...

April 4, 2017 No Responses

CBN sets aside $90m for BTA, Medicals

As part of efforts to stabilize the naira, Central Bank of Nigeria (CBN), on Monday, released the sum of $90 million to meet requests for invisibles such as BTA/PTA, medical and school fees. Also, the Bank offered a total of $150 million...

April 1, 2017 No Responses

NSE Photo News

L – R (A) Ayodeji Akinbobola, Head, Children Banking, Access Bank Plc; Adetokunbo Elliot, Youth Product Manager, First Bank of Nigeria Limited; Pai Gamde, Acting Head, Corporate Services Division, The Nigerian Stock Exchange (NSE); Olumide Orojimi, Head, Cor...

March 30, 2017 No Responses

Council members approve NSE Demutualisation process

Members have approved the demutualisation programme of the Nigerian Stock Exchange (NSE) Exchange. This decision was reached today (Thursday, March 30, 2017) at the Extra-Ordinary General Meeting (EGM) of its members which held at the Stock Exchange House, L...

March 30, 2017 No Responses

NSE lists series 1 FGN Savings Bond, Series 2 opens next week

The Nigerian Stock Exchange (NSE) on Wednesday listed the Series 1 of the Federal Government of Nigeria (FGN) Savings Bond, maturing March 2019. The Savings Bond, the first of its kind in Nigeria, was opened to the investing public...

March 30, 2017 No Responses

FG puts $500m notes at 7.5 per cent yield

The Federal Government on Thursday announced that it has priced its offering of US$500 million aggregate principal amount of notes at a yield of 7.5% under its US$1.5 billion (increased from US$1 billion) Global Medium Term Note Programme, which will...

March 28, 2017 No Responses

CBN to Banks: Make dollar available at N360

Commercial banks in the country will no longer sell the naira at N375 per dollar for invisibles, such as school fees, medical bills and travel allowances, the Central Bank of Nigeria (CBN) declared on Monday. According to CBN, Nigerians can...

March 25, 2017 No Responses

NSE places UNIC Insurance on full suspension

The Nigerian Stock Exchange (NSE) has placed ordinary Shares of UNIC Insurance Plc on full suspension with effect from March 22, 2017. According to the NSE, “This is in compliance with the process required for the approved Scheme of arrangement...

March 20, 2017 No Responses

NSE partners Access Bank to celebrate global money week

Consistent with its commitment to promote financial literacy and inclusion in Nigeria, the Nigerian Stock Exchange (NSE) in collaboration with Access Bank Plc is to commemorate the 2017 Global Money Week. Titled: ‘Learn. Save. Earn’ with a series of educat...

March 9, 2017 No Responses

NSE to unveil economic dividend of gender equality, explains paternity leave

By Moses Ebosele As part of measures to eliminate gender inequality, the Nigerian Stock Exchange (NSE) is to unveil an Economic Dividend of Gender Equality (EDGE). According to the NSE, the campaign is aimed at educating listed companies and dealing...

March 8, 2017 No Responses

NSE Photo News

L – R: Dayo Obisan, Managing Director, Greenwich Asset Management Limited; Oscar N. Onyema, OON, Chief Executive Officer, The Nigerian Stock Exchange (NSE); Kayode Falowo, Group Managing Director, Greenwich Trust Limited at the listing of Greenwich Plus Mone...

March 7, 2017 No Responses

CBN offers additional $367 Million to ease FOREX crisis

As part of measures to tackle Nigeria’s Foreign Exchange (FOREX) crisis, the Central Bank of Nigeria (CBN) on Monday carried out another round of retail interventions in the interbank FOREX market by providing $367,134,329.93 to meet the forward requests of....

March 6, 2017 No Responses

Process BTA, PTA in 24 hours, CBN tells Banks, Dealers

To curtail speculations and facilitate prompt assistance to genuine foreign exchange (FOREX) customers, the Central Bank of Nigeria (CBN) has directed banks to henceforth ensure that all applications for Basic/Personal Travel Allowance (BTA/PTA) are processed ...