MARKETS

In furtherance of efforts to liberalise the Foreign Exchange Market, ensure liquidity and make foreign exchange more readily available to low end users, the Central Bank of Nigeria (CBN) has licensed 11 International Money Transfer Operators (IMTOs). The newly licensed operators are: Wari Limited, Worldremit Limited, Trans-Fast Remittance LLC, UAE...

Leadway Assurance Company Limited has partnered with Total Nigeria Plc to provide Third Party Motor Insurance to motorists across the country. Speaking at the signing of the partnership agreement in Maryland, Lagos today, the Managing Director/CEO, Leadway Assurance Company Limited, Mr. Oye Hassan-Odukale, said the partnership was to deepen insurance...

The Nigerian equities market reversed previous day’s losses on account of a 0.48 per cent growth in lead indicators of the Nigerian Stock Exchange on Tuesday. The equities market which closed with 17 gainers against 19 losers, recorded improvement as The Nigerian Stock Exchange (NSE); All Share Index (ASI) added...

The Nigerian Stock Exchange (NSE) has implemented a strong regulatory environment to protect investors against infractions while enhancing investor confidence in the market even as it has developed and revised enforceable rules for Dealing Members and Issuers, and signed an MOU with Economic and Financial Crimes Commission (EFCC) to increase...

The Nigerian equities market began the week on a negative note on Monday declining by 0.30 per cent compared to a gain of 0.26 per cent recorded on Friday. The Market Capitalization of the Nigerian Stock Exchange (NSE) also dropped by N28 billion to close at N9.399 trillion compared to...

Following a directive in the 2009 Corporate Governance Code of the National Insurance Commission (NAICOM) mandating executive directors and non-executive directors, who have stayed over a stipulated period of years, precisely, nine years on the board of insurance firms, to exit the companies, this has led to mass exit of...

Great Nigeria Insurance (GNI) Plc has paid a sum of N700 million as claims between January and June 2016, as part of its commitment to prompt claims settlement. A statement from the firm and made available to Business 247 Online at the weekend said General Business accounted for over 19...

A turnover of 1.124 billion shares worth N13.839 billion in 15,625 deals were traded this week by investors on the floor of the Nigerian Stock Exchange (NSE) in contrast to a total of 1.375 billion shares valued at N12.940 billion that exchanged hands last week in 16,915 deals. The NSE...

Insurance professionals across the country are planning to harness insurance opportunities in the economic diversification of the country from oil to other lucrative sectors. The diversification plan, according to operators, will create new business window for underwriting firms to explore and make more profit, adding that this would form the...

President, Association of Bureau De Change Operators of Nigeria (ABCON), Aminu Gwadabe, has decried the poor compliance of banks to the sale of foreign exchange to its members and has called on the Central Bank of Nigeria (CBN) to intervene. Gwadabe said in a telephone interview  said that only about...