Category Archives: Capital Market

Firm deepens FX market with first digital BDC workplace

FX market

To promote convenience and deepen the country’s foreign exchange (FX) market, Turtlewax BDC, a foremost Bureau de Change operator in Nigeria, and KiakiaFX, have opened

Stock market rebounds marginally by 0.01%

Stock market rebounds marginally by 0.01%

The Nigerian equities market rose marginally by 0.01 per cent, yesterday, occasioned by price gains in some highly capitalised stocks As a result, the All-Share

CBN may increase items on forex restriction list to 50

CBN may increase items on forex restriction list to 50

The Central Bank of Nigeria may increase the items on the foreign exchange restriction list from 42 to 50 in order to boost local production

Financial stocks contribute 89% to equity turnover

Financial stocks contribute 89% to equity turnover

The financial services industry dominated activities in volume terms, at the end of last week’s transactions on the trading floor of the Nigerian Stock Exchange

Stock market extends rally as 23 firms gain

Stock market extends rally as 23 firms gain

The nation’s stock market closed higher on Thursday as Neimeth International Pharmaceuticals Plc and 22 other firms recorded price appreciation. The market has closed on

Stakeholders meet for financial literacy in Abuja

Stakeholders meet for financial literacy in Abuja

National Financial inclusion stakeholders, led by the Central Bank of Nigeria (CBN), will converge on Thursday and Friday, this week, in Abuja, for the launch

FSDH expects December inflation to rise to 11.28%

FSDH expects December inflation to rise to 11.28%

The FSDH Research expects the December 2018 inflation rate (year-on-year) to rise to 11.69 per cent from 11.28 per cent recorded in November. In the

CCNN, Ikeja Hotel lead stock market 0.6% gain

CCNN, Ikeja Hotel lead stock market 0.6% gain

Bargain-hunting in some blue chip stocks especially Cement Company of Northern Nigeria (CCNN), and Ikeja Hotel Plc, lifted the Nigerian Stock Exchange (NSE) All-share index

Banks to lose 18-month interest on marketers’ subsidy debts

Banks to lose 18-month interest on marketers’ subsidy debts

The Central Bank of Nigeria has asked Deposit Money Banks to forgo the interest charged on petrol subsidy-induced loans advanced to oil marketers from June

Government borrows N1.16 trillion from equity market

Government borrows N1.16 trillion from equity market

As NSE predict volatile half year To finance its fiscal and infrastructure deficits owing to paucity of funds, the Federal Government had borrowed about N1.16

CBN deepens forex intervention, injects $210m

CBN deepens forex intervention, injects $210m

The Central Bank of Nigeria has continued its intervention in the inter-bank sector of the foreign exchange market by injecting another sum of $210m into

Investors lose N135.8bn as bank stocks, others dip

Investors lose N135.8bn as bank stocks, others dip

Investors in the nation’s stock market lost N135.8bn on Tuesday as the share prices of major banks declined further at the end of trading on

FMDQ weekly report

FMDQ weekly report

Commentary on the Foreign Exchange (FX) market with data for the week-ended January 4, 2019. ▪ The Central Bank of Nigeria (CBN) intervened through its

Stock market indices sustain sliding profile, down by N111 billion

Stock market indices sustain sliding profile, down by N111 billion

The equity market extended the losing streak for the second trading day of the year as indices plunge further by N111 billion. At the close