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NSE: Market Capitalisation Increases By N33bn As Trading Reverses

NSE: Market Capitalisation Increases By N33bn As Trading Reverses

Activities on the Nigerian Stock Exchange (NSE) on Friday returned back on a positive territory with the market capitalisation increasing by N33 billion. The News Agency of Nigeria (NAN) reports that the market capitalisation which opened at N13.133 trillion inched N33 billion or 0.25 per cent to close at N13.166 trillion. Also, the All-Share Index […]

Access Bank Reacts To Pornographic Movie Displayed On Its UNILAG ATM Gallery

Access Bank Reacts To Pornographic Movie Displayed On Its UNILAG ATM Gallery

It is dishonorable for users of any of our in-branch tablets to visit inappropriate sites using any of the bank’s platforms Access Bank PLC, has reacted to the pornographic movie that appeared on screen of its University of Lagos, UNILAG’s branch gallery on Friday. Customers queuing to use the bank’s ATM were shocked yesterday morning […]

Forex: Naira Gains At Investors’ Window

Forex: Naira Gains At Investors’ Window

Nigeria’s currency on Thursday appreciated at the investors and exporters’ window gaining N0.96k to close at N366.50k per US dollar from N367.46k/$ quoted the previous day, data from FMDQ revealed. Naira traded stable at the Central Bank of Nigeria (CBN) official rate closing at N305.55k per dollar, according to data obtained from FMDQ. However, the […]

CBN Updates Lists Of MFBs And BDCs

CBN Updates Lists Of MFBs And BDCs

Nigeria’s Central Bank (CBN) on Wednesday updated the lists of Microfinance Banks (MFBs) and Bureau De Change (BDCs). The new list show additional 19 MFBs which makes a total of 999 microfinance banks. The number of BDCs rose to 3,389 from 3,147 in January 2017

CBN Forex Window Attracts $4bn In 3 Months

CBN Forex Window Attracts $4bn In 3 Months

The importers’ and exporters’ (I&E) foreign exchange (FX) window introduced about four months ago by the Central Bank of Nigeria (CBN) has attracted USD4 billion from foreign investors between April and now, the Bankers’ Committee disclosed Thursday. This is a $1.8 billion growth over the $2.2 billion recorded in June. The window also posted a […]

Forex: Naira Rate Nears Black Market As CBN Loosens Up

Forex: Naira Rate Nears Black Market As CBN Loosens Up

Nigeria’s foreign-exchange market is starting to see the unification that bond and stock investors have been calling for. The naira weakened 13 percent against the dollar last week on the main interbank market after monetary officials told lenders to start quoting trades made in the so-called Nafex currency window that was opened for investors in April. The […]

FG Seeks Out-of-court Settlement Over $793 Bank Funds

FG Seeks Out-of-court Settlement Over $793 Bank Funds

The Federal Government has asked a court to withdraw its case against seven local banks over the non-remittance of $793 million due to the state, the government lawyer told the court on Tuesday. Yemi Akinseye-George told the court the government would seek an out-of-court settlement in the matter, on which the court was due to […]

NSE: Dangote Cement, Access Bank, Zenith Bank Top Trades

NSE: Dangote Cement, Access Bank, Zenith Bank Top Trades

The companies accounted for 833.966 million shares worth N95.969bn in 3,203 deals, contributing 33.12 per cent and 84.10 per cent to the total equity turnover volume and value, respectively. Dangote Cement Plc, Access Bank Plc and Zenith International Bank Plc emerged as the top three equities (measured by volume) traded on the Nigerian Stock Exchange […]

Banks In Dilemma As Investors, Customers Shun Deposits For Treasury Bills

Nigerian banks are currently finding it extremely difficult to mobilise deposits from institutional investors such as Pension Fund Administrators and insurance companies as well as individuals due to the attractive treasury bills yields. The increasing awareness of the opportunities in the treasury bills market is seeing a lot of banks lose deposits to fixed income […]

CBN Gives OFIs New BVN Deadline

CBN Gives OFIs New BVN Deadline

The Central Bank of Nigeria (CBN) has extended the deadline for registration into the Bank Verification Number (BVN) project for Other Financial Institutions (OFIs) to December 31, 2017. Apex bank had turned its focus to capturing the biometrics of customers of OFIs, after completing the process in commercial banks, in continuation of efforts to unify […]

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