Markets
The Review of the BOFIA 2020 by Agusto & Co.
The “Banks and Other Financial Institutions Act” 2020 (“BOFIA 2020” or “ the New Act”) was signed into law by...
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FG orders telcos to block SIMs without NINs December 30
After December 30, all Subscriber Identification Modules that are not registered with valid National Identification Numbers on the network of...
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FCMB suspends N30b capital raiser over price distortion
First City Monument Bank Limited, the flagship company in the FCMB Group Plc, has suspended its planned capital raiser of...
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Marketers refuse to obey N5 reduction in petrol price
Oil marketers, on Monday, failed to adjust the pump prices of Premium Motor Spirit (petrol) at their filling stations to...
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All-Share Index Rises 1.7% as Market Rebounds
The bulls came back strong yesterday to open the stock market on a positive note after depreciating last week. Last...
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NOVA recognised for N10b bond issuance
NOVA Merchant Bank has been recognised for its successful N10 billion seven- year subordinated unsecured bond, which was oversubscribed by...
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Insurers pooled N938 billion investment revenue
Despite the challenging operating environment in the country, insurance companies have recorded growth in investment income which has hit N938...
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InfraCo Africa Invests $27m in InfraCredit to Finance Infrastructure
InfraCredit, a specialised local currency infrastructure credit guarantee institution, has announced the completion of a $27 million equity investment by...
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Forex interventions give false hope on naira, says IMF
REGULAR foreign exchange (forex) interventions in Nigeria and other emerging economies create false sense of security and hope on the...
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Underwriter gets shareholders’ approval to raise authorised share capital to N20bn
AIICO Insurance Plc has gotten the approval of its shareholders to increase its authorised share capital from N18 billion to...
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Equities Shed N464bn as Profit Taking Halts Bull Run
The equities market shed N463.7 billion last week as the bullish streak was halted by persistent profit taking. Following the...
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Nigeria’s Q3 oil exports rise by 56% to N2.42tn
Nigeria more than doubled its crude oil exports in the third quarter of this year to N2.42tn after months of...
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Naira exchanges for N474/$
The naira exchanged to the dollar in the parallel market at N474/$ on Thursday. The naira which recorded slight improvement...
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Minister, shareholders disagree over N150b unclaimed dividends
The Minister of Finance, Budget and National Planning, Mrs Zainab Ahmed, yesterday, disagreed with the Independent Shareholders Association of Nigeria...
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Crude Oil Price Hits $50 on Vaccine Rollout
Brent crude hit $50 a barrel yesterday, for the first time since oil prices crashed in early March, as hopes...
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CBN Boosts Market Liquidity with N4.1trn Special Bills
•Unveils new capital requirement for payment service providers •Emefiele lists ABP achievements Following last week’s introduction of 90-day special...
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Sustained sell pressure drags capitalisation further by N232b
Following sustained sell pressure in most bluechip stocks, trading on the equity sector of the Nigerian Stock Exchange (NSE) continued...
Read moreMarket Extends Losses, NSE Gets Lawmakers’ Support
The Nigerian Stock Exchange (NSE) All-Share Index ( ASI) fell by 0.04 per cent to close lower at 35,021.26 as...
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Stock market extends downturn by N16bn
Transactions in the Nigerian equity market, on Tuesday, closed on a negative note following sustained profit-taking. The market breadth also...
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Fidelity Bank to Raise N75bn through Bond Sale
Fidelity Bank Plc has started to raise N75 billion to support small and medium enterprises (SMEs), retail business as well...
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Stock market down by N39bn on profit-taking
The Nigerian equity market on Monday began the week on a negative note as investors continued to take profits to...
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Banking agents increased by 517% last year – CBN
The number of banking agents (third party retail outlets contracted by financial institutions to process clients’ transactions) rose from 38,...
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BREAKING: FG reduces price of petrol to N162.44 per litre
The Federal Government has reduced the pump price of premium motor spirit otherwise know as petrol from N168 per litre...
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United Capital raises N15b short-term capital
United Capital Plc has raised N15 billion under the second tranche of its N20 billion commercial paper (CP) issuance programme....
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Six Banks Boost Economy with N1.3tn Credits in 2020
Efforts to grow the nation’s economy has received a boost from the banking sector as six leading banks injected additional...
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