Category Archives: Markets

SEC To Issue Guidelines On FinTech Investments

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Mary Uduk

By Udo ONYEKA The Securities and Exchange Commission, SEC, would soon come up with regulatory guidelines to oversee activities investors of financial technology (FinTech) products in the nation’s capital market. Acting Director General of the SEC, Ms. Mary Uduk who gave the hint at a Lecture in Abuja, noted that the guidelines  was part of […]

Nigerian Stock Exchange market capitalisation depreciates by 0.03%

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Equity transactions on the Nigerian Stock Exchange (NSE) resumed on Monday on a negative note with market indices dropping marginally by 0.03 per cent. The market capitalisation shed N4 billion or 0.03 per cent to close at N12.718 trillion against N12.722 trillion posted on Friday. Also, the All-Share Index, which opened at 34,848.45, lost 10.95 […]

NSE equity market sheds 0.44%

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The Nigerian Stock Exchange equities capitalization as well as the NSE All Share Index have depreciated by 0.43 percent on Wednesday. The equities capitalization closed at 12,909 trillion Naira, falling by 57 billion Naira or 0.43 per cent when compared to Tuesday’s closing of 12,966 trillion Naira. On the other hand, the All Share Index […]

CBN Releases $210m Into FOREX Market

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Udo ONYEKA 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, in its continued effort to ensure stability of Naira, The CBN acting Director, Corporate Communications Department, Mr Isaac Okorafor, said 100 million dollars was offered to authorized […]

Forex: CBN injects another $210 million into market

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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 acting Director, Corporate Communications Department, Mr Isaac Okorafor, said 100 million dollars was offered to authorised dealers in the wholesale segment of the market. He said customers in the […]

NSE market capitalisation bounces back by 1.87%

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The Nigerian Stock Exchange (NSE) has closed trading activities for the week on a positive note with the market capitalisation rebounding by 236 billion naira or 1.87 per cent to close on Friday at N12,874 trillion, compared to Thursday’s closing of 12,638 trillion Naira. Similarly, the All-Share Index which had closed on Thursday at 34,618.43 […]

Naira gains 40kobo against dollar at parallel market

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The Nigerian currency, Naira gained 40k against the dollar at the end of trading, exchanging at N359.60k stronger than N360 traded last Thursday. The Pound Sterling and the Euro closed at N469 and N413 respectively. At the Bureau De Change (BDC) window, the Naira exchanged at N360 to the dollar, while the Pound Sterling and […]

Baru says NNPC’ to list 40% of shares on NSE

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The Group Managing Director, Nigerian National Petroleum Corporation (NNPC), Dr. Maikanti Baru, has said 40 per cent of the shares of the Corporation would be floated on the Nigerian Stock Exchange (NSE) when the Petroleum Industry Governance Bill (PIGB) gets  Presidential Assent. Baru spoke yesterday in Lagos at the 2018 annual conference of the Association […]

Wholesale market, others get $210m CBN boost

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The Central Bank of Nigeria (CBN) has sustained its intervention in the inter-bank foreign exchange market by injecting yet another sum of $210,000,000 into various sums of the market on Tuesday, August 14, 2018. At Tuesdays trading, the Bank offered the sum of $100,000,000 as wholesale interventions and allocated the sum of $55,000,000 each for […]

SEC Issues Deadline For Registration of Unlisted Securities ***Says No official application has been received from MTN

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The Securities and Exchange Commission (SEC) has issued Dec. 31 deadline to public companies to register all their securities with the commission to boost the NASD Over-The-Counter (OTC) market. SEC Acting Director-General, Ms Mary Uduk   who disclosed this at the second post Capital Market Committee (CMC) meeting in Lagos, noted that all public companies in Nigeria had till […]