MARKETS

  …Naira in circulation hits N1.66trn The Central Bank of Nigeria (CBN) loan to banks rose sharply last week by 13 per cent to N207 billion. Business247 online news reveal that lending to banks through the CBN’s Standing Lending Facility (SLF) dropped from N239 billion the previous week to N207...

The Debt Management Office (DMO) is planning to raise N110 billion through the Federal Government (FGN) bonds on Wednesday. The debt office said the weekend that it would sell N40 billion of a bond maturing in 2036, N30 billion maturing in 2026 and N40 billion of debt maturing in 2021,...

Stanbic IBTC Asset Management Limited, a member of Stanbic IBTC Holdings Plc, introduced a Stanbic IBTC Dollar Fund (SIDF) into the Nigeria market, in a bid to provide retail and institutional investors the opportunity to deal with loss of wealth as a result of the sustained pressure on the naira....

Shareholders of underwriting firms in the country have charged underwriters to adopt a successive plan in their respective companies, such that most directors don’t have to retire at the same time on the board. This development, they said, could negatively affect the fortune of the concerned insurers, stating that a...

Despite that the bation’s economy and the banking industry are struggling with fiscal and monetary challenges that saw inflation and foreign exchange at their worst in many years, Zenith Bank Plc has announced a profit before tax of N63 billion in audited results for the half year ended June 30,...

The Naira on Thursday appreciated against the dollar at the parallel market, Business247 News Online reports. The Nigerian currency on Thursday afternoon gained 4 points to change at N390 to the dollar, from N394 it traded on Wednesday, representing an appreciation of 1.14 per cent. The currency also hedged against...

After a day respite, the Nigerian Stock Exchange (NSE) reverted to the negative territory on Thursday as the Market All-Share Index and Market Capitalisation which closed at 27,421.83 basis points and N9.418 trillion respectively in the previous day’s trading ended on Thursday at 27,280.95 basis points and N9.370 trillion respectively,...

The Nigerian Stock Exchange (NSE) has reduced the listing and trading fees for securities listed and traded on its Fixed Income Market. According to a press statement from the Exchange, the revised fee structure which is effective from August 17, 2016, will be piloted for an initial six-month period, and...

The Debt Management Office (DMO) has said that it will raise N110 billion worth of bonds in three categories on August 17. The DMO said this in“Bond Circular” posted on its website on Wednesday. According to the DMO circular, the three categories of bonds include a 20-year bond, a 10-year...

Director-General of the Securities and Exchange Commission of Nigeria (SEC), Mr. Mounir Gwarzo, revealed on Wednesday that only 6,000 investors have registered on e-dividend portal since the inception last year, as against projections of one million e-dividend registrations. Aaccording to him, "We are still having issues in respect of e-dividend...