MARKETS

In what has been termed the crowning glory of a successful year, leading financial institution -Fidelity Bank Plc -has been recognized for its devotion to providing exceptional customer experience. According to the recently issued KPMG 2023 West Africa Banking Industry Customer Experience Survey, the bank recorded a marked improvement in...

The Chief Executive Officer of Nigerian Exchange Limited (NGX), Mr Temi Popoola, has said that the domestic entertainment sector, Nollywood, can help to further boost retail investor activity in the capital market due to its appeal to Nigeria’s younger generation. Popoola said this at the Closing Gong Ceremony commemorating the...

The Central Bank of Nigeria (CBN) has assured depositors of the safety of the money in their bank accounts. The CBN gave this assurance in a statement signed by its spokesperson, Hakama Sidi-Ali on Wednesday. Sidi-Ali said the CBN noticed reports in certain media outlets about a recommendation for the...

The Central Bank of Nigeria (CBN) has lifted the ban on cryptocurrency transactions in the country. This is contained in a circular titled ‘Circular to all Banks and other Financial Institutions Guidelines on Operations of Bank Accounts for Virtual Assets Service Providers (VASPS)’ and dated December 22, 2023, with reference...

  Some stakeholders have called for the integration of Nollywood into the capital market to deepen the market as well as boost funding for Nigeria’s entertainment industry. This call was made at the Capital Market Correspondents Association of Nigeria (CAMCAN) 2023 workshop with the theme, ‘Leveraging Capital Market in Financing...

Leading financial institution, Fidelity Bank, has been listed as one of most capitalized banks in Nigeria based on Q3 2023 financial results. According to an article published in Thisday newspapers, the bank reported a capital base of N410.75 billion as of September 2023 against N314.3 billion in 2022. Also featuring...

Amidst complaints about scarcity of Naira notes, the Central Bank of Nigeria (CBN) says there is adequate supply of the currency. The CBN gave the assurance against the backdrop of complaints by some bank customers on scarcity of Naira notes at the counters, Automated Teller Machines (ATMs) Points of Sale...

The Central Bank of Nigeria (CBN) Governor, Yemi Cardoso, has approved the reviewed “Service Charter’’ of the apex bank. The service charter is a requirement of the Business Facilitation Act 2022 for driving the ease of doing business in Nigeria. It compels the CBN to fully comply with the directives...

Equity investors on the Nigerian Exchange Ltd. (NGX) on Tuesday recorded a gain of N166 billion as the market closed on a positive note The Market Capitalisation closed at N38.989 billion as against N38.823 billion posted at the end of Monday trading, representing 0.43 per cent increase. The NGX All-Share...

    NGX, stakeholders to deepen capital market with AI, analytics tools Stakeholders across the technology sector and capital market will collaborate on how to foster growth in the market with the use of Artificial Intelligence and analytics tools. The stakeholders shared their solutions and opinions at Nigerian Exchange Limited’s...