archiveOctober 2019

The All-Share Index and Market Capitalization both depreciated by 0.32 per cent to close at 26,448.62 and N12.875 trillion respectively on The Nigerian Stock Exchange (NSE) for the week. . Similarly, all other indices finished lower with the exception of NSE Insurance, NSE Meri Value, NSE Consumer Goods and NSE...

  The Nigerian Stock Exchange has released its 2018 Sustainability Report titled, “Growth, Innovation and Value Creation”. The report, which is the fifth edition, showcases the Exchange’s sustainability progress along the four pillars of Marketplace, Workplace, Environment and Community. The report is a detailed and transparent compilation of the progress...

The Central Bank of Nigeria (CBN) said it would sanction banks and their customers over fraudulent deals intended to circumvent the loan to deposit ratio policy. The apex bank had initially set the LDR at 60 per cent before raising it to 65 per cent with a December 2019 deadline....

    Urges speedy resolution of issues The International Monetary Fund has backed Nigeria’s closure of its borders with some neighbouring countries over issues bordering on illegal trade. Mr Abebe Selassie, the Director of the African Department at the IMF, gave the position at a media briefing on the sidelines...

  The Nigeria Union of Journalists (NUJ) says he is planning, in collaboration with newspaper owners, to sponsor a bill to penalise media establishments that owe journalists. Mr Christopher Isiguzo, National President of NUJ, stated this in Makurdi at an interactive session with members of the union in the state,...

  Ekiti State Governor, Dr. Kayode Fayemi, has tasked the teachers to be focused and diligent for the state to be ranked among the best five states in the country in public examinations in 2020. Fayemi said the state government was not comfortable when Ekiti State came 12th in a...

Managing Director of the Nigeria Deposit Insurance Corporation (NDIC), Alhaji Umaru Ibrahim disclosed on Friday that over ₦8.25 billion has been paid to 442,999 depositors of liquidated banks as insured amount since the agency was established in 1989. Ibrahim, who made the disclosure at a media briefing to mark the...

The Institute of Chartered Accountants of Nigeria (ICAN), on Thursday in Abuja inaugurated the Nigerian Integrated Reporting Committee (NIRC). The ICAN President, Mr Nnamdi Okwuadigbo said the event signified the beginning of adoption and promotion of integrated reporting in the country. An integrated report is a concise communication about how...

  The National Insurance Commission (NAICOM) has charged insurance companies to invest in technology in order to effectively key into the financial inclusion target of the Federal Government. Mr Sunday Thomas, NAICOM Acting Chief Executive Officer, gave the charge at the 2019 Insurance Professional Forum organised by the Chartered Insurance...

The market capitalisation of the Nigerian Stock Exchange (NSE) closed lower on Thursday, dropping by N8 billion. Specifically, the market capitalisation which opened at N12.886 trillion dipped by 0.06 per cent or N8 billion to close at N12.878 trillion. Also, the All-Share Index lost 15.91 points or 0.06 per cent...