MARKETS

The Central Bank of Nigeria (CBN) has explained that in addition to the requisite Certificate of Capital Importation (CCI), all participating foreign portfolio investors (FPIs) in the over-the-counter (OTC) which takes off today under the new forex policy of the CBN must also present an OTC FX Futures Settlement Advise....

National Association of Securities Dealers (NASD) has said that Fitch Ratings Inc., one of the three most influential ratings agencies in the world which has downgraded all Nigeria’s ratings by one level from a BB to a single B is a true reflection of the nation’s position and that it...

By ABDUL-KHALIQ OLALEKAN The Lagos chapter of the Nigerian Institute of Public Relations, NIPR, has sought for collaboration of the Corporate Affairs Managers of Insurance Companies (CAMCONIA) on driving professionalism in the country. CAMCONIA, at its monthly meeting, played host to the Lagos Chapter of NIPR, at the Nigeria Insurers...

A total of 3.1 per cent of listed companies on The Nigerian Stock Exchange (NSE) have been delisted in the past three years, leaving the number at 190. Data gathered by our correspondent revealed that listed equities on The Exchange in 2013 stood at 198. A year later, it dropped...

For investors on the Nigerian Stock Exchange (NSE), investing in equities on the Exchange is a good business, at least for now, as the value of their investment continues to appreciate with the commencement of the new forex regime of the Central Bank of Nigeria (CBN). For the week ended...

BY ABDUL-KHALIQ OLALEKAN No fewer than 3000 insurance textbooks were distributed by the Chartered Insurance Institute of Nigeria (CIIN) to secondary schools in 10 states of the federation through their respective Ministry of Education. The President, Chartered Insurance Institute of Nigeria (CIIN), Lady Isioma Chukwuma, who disclosed this at a...

Investors on the Nigerian Stock Exchange (NSE) spent N3.702 billion on 444.513 million shares in 5,565 deals on Friday as against 450.524 million shares valued at N5.707 billion exchanged in 6,360 deals on Thursday. Market Capitalisation of the Exchange which closed trading on Thursday at 10.671 trillion fell to 10.527...

Members of the Nigerian Stock Exchange (NSE) were unanimous in agreement with the NSE Council’s proposal to have an Extra-ordinary General Meeting (EGM) on the demutualisation to allow for more consultations on the issue. The President of Association of Stockbroking Houses of Nigeria (ASHN), Emeka Madubuike,  and Mike Itegboje, a...

ABDUL-KHALIQ OLALEKAN Insurance operators across the country expect the industry to generate more premium, especially, from Marine and Aviation sectors in the coming months, through the new flexible forex regime of the Central Bank of Nigeria (CBN). As the case in aviation and Marine sector, 70 to 75 per cent...

It seems time to laugh has come back on the Nigerian Stock Exchange (NSE) as investors  have continued aggressively to recoup losses they had made for quite some time as they collectively made a gain of  N324 billion on Thursday. They also made N242 billion on Wednesday even as they...