MARKETS

Nigerian banks are finding it difficult to raise capital as shrinking economy cuts revenue and deters investors, the industry’s regulator said. According Bloomberg story monitored by Business247 News Online, “It’s been tough,” Umaru Ibrahim, managing director of the Nigerian Deposit Insurance Corporation (NDIC), said in an interview in Abeokuta on...

Nigeria in need of funding to cover a record budget deficit, may take heart from the performance of its dollar debt as it prepares to tap the Eurobond market for the first time since 2013. According to Bloomberg report monitored by Business247 News Online, gains in the nation’s U.S. currency-denominated...

Access Bank has released a bond prospectus on the Irish Stock Exchange showing its plans to raise a total of $1 billion under its Global Medium Term Note Program- the amount to be borrowed in this series is yet to be announced. The road show kicked off today as management...

Equities investors on The Nigerian Stock Exchange (NSE) were on profit taking on Wednesday as the market capitalisation and All-Share Index which closed at 28,248.86 basis points and N9.704 trillion respectively on Tuesday, came down to  N9.699 trillion and 28,236.23 basis points  respectively, resulting in investors recording N5 billion loss....

The Securities and Exchange Commission (SEC) has banned two capital market operators, Mr. Taofik Lawal and Mrs. Iyabode Lawal , for unauthorized sale of the Nigerian Breweries Plc. shares belonging to Ngozi Onyekwere Nwachukwu. The apex capital market regulating body in a statement today said, “in the exercise of its...

There was reversal of fortune on The Nigerian Stock Exchange (NSE) in Tuesday trading as bears took over proceedings making both the All Share Index and market capitalisation to close in the negative territory at 28,248.86 and N9, 704 trillion as against 28,263.16  and N9.709 trillion respectively  on Monday. Investors...

Two new products, the Stanbic IBTC Dollar Fund (SIDF) and SIAML Pension ETF 40 have been officially opened following the granting of relevant approvals by the Securities and Exchange Commission (SEC) and the Nigerian Stock Exchange (NSE) with Stanbic IBTC Asset Management Limited (SIAML) acting as the fund manager to...

Ecobank has won the awards for the Best Trade Finance Services in Africa and Best Treasury Services in Africa in this year’s Treasury Services Awards, organised by financial trade magazine EMEA Finance. The awards, according to a statement from the firm, and made available to Business247 News Online today, were...

The Managing Director of Sovereign Trust Insurance (STI) Plc, Mr. Olaotan Soyinka, has charged Nigerian young entrepreneurs to embrace the culture of insurance, especially as economic recession bites harder in the country. , While speaking at the 6th International Christian Business Exhibition & Conference held in Port Harcourt, Rivers State...

  Meets investors in U.S., Europe starting Tuesday Funds will be for loans to exporters, working capital Access Bank Plc is set to issue the first Eurobond from Nigeria in almost two years after choosing banks to arrange a new deal. According to Bloomberg report monitored by Business247 News Online,...