CBN auctions N34bn treasury bills
The Central Bank of Nigeria (CBN) held a treasury auction on Wednesday to try to lure foreign investors. According to Reuters, traders said the central bank asked them to increase their rates More »
Stakeholders seek clarification of forex ban for food import
Industry stakeholders have called for further clarification on the recent pronouncement by President Muhammadu Buhari that Nigeria has attained food security, and as such, the Central Bank of Nigeria (CBN), should not More »
Ecobank engages new graduates
In keeping with its talent development strategy, a new set of Graduate Trainees have commenced entry level development programme at the Ecobank Nigeria Academy in Lagos, the bank has disclosed. It stated More »
Negative sentiment persists, index dips further by 1.4%s
Negative sentiments continued to pervade activities on the equity sector of the Nigerian Stock Exchange (NSE) as the All-Share Index (ASI) and market capitalisation depreciated by 1.4 per cent to close the More »
CBN’s CNY1.2b interventions and forex developments
Averts over $178m spot pressure on reserves, exchange rate The week-long visit of President Muhammadu Buhari to the People’s Republic of China between April 11 and 15, 2016, was alongside the Governor More »
The nation’s insurance industry may lose 72 per cent of the insurance business in the Dangote Oil Refining company. The company, which has insured value estimated at $6.8 billion, may be overtaken More »
CBN auctions N34bn treasury bills
The Central Bank of Nigeria (CBN) held a treasury auction on Wednesday to try to lure foreign investors. According to Reuters, traders said the central bank asked them to increase their rates at a bills auction on Wednesday compared with
Stakeholders seek clarification of forex ban for food import
Industry stakeholders have called for further clarification on the recent pronouncement by President Muhammadu Buhari that Nigeria has attained food security, and as such, the Central Bank of Nigeria (CBN), should not extend access to foreign exchange (forex) for food
Firm takes Fintech services to Dubai
Africa’s leading payment gateway brand, Innovate 1 Pay has announced the expansion of its operations and provision of financial technology services to African expatriates in Dubai, Middle East. With the move, Innovate 1 Pay aims to consolidate its cooperation and
Ecobank engages new graduates
In keeping with its talent development strategy, a new set of Graduate Trainees have commenced entry level development programme at the Ecobank Nigeria Academy in Lagos, the bank has disclosed. It stated that the training which was launched in July
Negative sentiment persists, index dips further by 1.4%
Negative sentiments continued to pervade activities on the equity sector of the Nigerian Stock Exchange (NSE) as the All-Share Index (ASI) and market capitalisation depreciated by 1.4 per cent to close the week at 26,925.29 points and N13.121 trillion respectively.
CBN’s CNY1.2b interventions and forex developments
Averts over $178m spot pressure on reserves, exchange rate The week-long visit of President Muhammadu Buhari to the People’s Republic of China between April 11 and 15, 2016, was alongside the Governor of the Central Bank of Nigeria (CBN), Godwin
Insurance sector may lose 72% of Dangote refinery’s risk
The nation’s insurance industry may lose 72 per cent of the insurance business in the Dangote Oil Refining company. The company, which has insured value estimated at $6.8 billion, may be overtaken by foreign operators, when it becomes operational as
All-Share index falls below 27,000 threshold as market sustains losses
The Nigerian Stock Exchange (NSE) All-Share Index (ASE) fell below the 27,000 threshold to 26,925.29 last week following the free-fall the stock market has been experiencing. The continued bear run pushed the NSE ASI down by 1.40 per cent, while
Conoil shareholders approves N1.4bn dividend as coy promises higher returns
Shareholders of Conoil Plc last Friday approved a dividend of N1.4 billion for the 2019 financial year, just as the company has expressed optimism about sustaining its tradition of delivering higher dividend. The shareholders gave the approval at the 49th
Airbus extends lead as Boeing new orders plunge 71 per cent
commercial jet manufacturer, Airbus, has stretched its lead over Boeing in aircraft deliveries, as the latter continues to be held back by the grounding of its embattled 737 Max model. The Chicago-based Boeing, yesterday, said it delivered 19 planes in
Debt market capital to Get more Boost as FMDQ transforms
The Nigerian debt capital market is set to witness a boost following the transformation of the FMDQ OTC Securities Exchange to a full-fledged securities exchange from an over-the-counter (OTC) market. Financial market operators, analysts and other stakeholders said that given
Analysts predict bearish outing for equities
As the equities market re-opens for business today, market analysts have predicted that proceedings on the floor of the Nigerian Stock Exchange (NSE) would continue to be bearish this week. The Federal Government had declared Monday and Tuesday public holidays to
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