Akande advised CBN should stop directing FX rates

The Central Bank of Nigeria has been advised to allow the forces of demand and supply to determine the naira exchange rates against foreign...

NSE closes trading with marginal increase of 0.04%

Market indicators of the Nigerian Stock Exchange (NSE) closed trading on Friday with a marginal growth of 0.04 per cent, following end of week...

SEC moves to ease process of issuing new shares

In a bid to eliminate some bottlenecks in the nation’s capital market, the Securities and Exchange Commission, SEC, has commenced moves to ensure that...

CBN retains MPR, interest rate at 14 per cent

The Central Bank of Nigeria (CBN) yesterday kept its Monetary Policy Rate (MPR), its base interest rate, at 14 per cent.CBN Governor Godwin Emiefele,...

UACN raise N6 billion capital for Livestock Feeds, UPDC

UAC of Nigeria (UACN) has opened application lists for supplementary capital raising for two of its subsidiaries-Livestock Feeds Plc and UACN Property Development Company...

Sterling Bank lists N8 billion bond on NSE

Sterling Investment Management SPV Plc, a special purpose vehicle floated by Sterling Bank Plc, at the weekend listed its ₦8 billion bond on the...

London Stock Exchange lists Obijackson Group among ‘Companies to Inspire Africa’...

The London Stock Exchange Group has unveiled the inaugural edition of its ‘Companies to Inspire Africa’ report and listed three companies from the Obijackson...

UBA’s profit before tax hits 32%, declares final dividend per Share...

United Bank for Africa (UBA) Plc, the pan-African financial services group, operating in 19 African countries, has released its audited 2016 full year results,...

CBN boosts forex supply with $389.66 million

The Central Bank of Nigeria (CBN) yesterday injected a total sum of $388.66 million to the retail segment of the interbank window of the...

MTN needs to list on Nigerian bourse – Minister

The Minister of Communications, Adebayo Shittu, has urged MTN Nigeria to list its shares on the Nigerian Stock Exchange, describing it as important for...

SEC, NSE retract licences of 21 stockbrokers’ over fraud

Securities and Exchange Commission (SEC) and Nigerian Stock Exchange (NSE) have retracted licences of 21 firms for various infractions, including inability to meet minimum...

Market capitalisation drops by N28bn

Equity transactions on the Nigerian Stock Exchange (NSE) resumed for the week on Monday on a bearish trend as the market capitalisation depreciated by...

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