MARKETS

By ABDUL-KHALIQ OLALEKAN The Insurance Guidelines review committee constituted by the Minister of Finance, Mrs. Kemi Adeosun, to harmonise all the insurance related Acts into one document, has finished its job, and has submitted the harmonised document to the Finance Ministry, Business247 can authoritatively reveal. The review committee was given...

By ABDUL-KHALIQ OLALEKAN Islamic Cleric, Alhaji M.A Bada, has urged Muslims across the country to consider taking insurance as a form of protection against future loss, noting that Islam supports it. Bada, the Chief Imam of Oluyole Estate Extension, Ibadan Oyo State, who spoke at the 2016 Ramadan Tafsir Lecture...

From the value depreciation of 1.45 per cent upper week, the fortune of investors on the Nigerian Stock Exchange (NSE) changed for the better this week as they gained N692 billion. The All-Share Index of the Exchange rose by 7.40 per cent from 27,232.62 and closed at 29,247.27 while the...

Stockbrokers in the Nigeria Capital Market have reassured investors that the Nigerian Stock Exchange (NSE) has potential to generate strong Return on Investment (ROI) and the market is already witnessing a rebound with the new foreign exchange of the Central Bank of Nigeria (CBN). Besides, they advised investors to take...

The President, Association of Bureau de Change of Nigeria (ABCON), Mr. Aminu Gwadabe, said the Central Bank of Nigeria (CBN) new foreign exchange policy regime would fuel cartel in the foreign exchange market. The BDC chairperson speaking with Business247 lamented over a number of issues which he claimed will erode...

In line with its mandate to enrich the lives of its customers through efficient and prompt delivery of quality banking services, Sterling Bank has announced the conclusion of the upgrade of its information technology infrastructure. About 24 months back, the Bank commenced the upgrade of its core and subsidiary systems,...

As part of its corporate social investment campaign for 2016, management and staff of Stanbic IBTC, a member of Standard Bank Group, devoted a day to mentor students of Lagos Progressive Schools, Surulere, on career choices and leadership. The mentorship class provided an opportunity for the students to have a...

Nigeria's commercial banks have asked customers to submit bids ahead of the start of new interbank foreign exchange trading on Monday, a senior banking source told Reuters on Saturday. The central bank said on Wednesday it would begin market-driven trading of the naira to alleviate chronic foreign exchange shortages, but...

Three-day gaining  streak of N760.13 billion on the Nigerian Stock Exchange (NSE) pushed the  Market Capitalisation to N10 trillion mark which was last achieved in November, 2015. The market has continued to respond positively to the release of the guidelines on the Forex Policy by the Central Bank of Nigeria....

Niyi OLAOYE Standard & Poors (S&P),a global scale ratings company, has downgraded Skye Bank Plc  rating to 'CCC+' from 'B-' and the national scale rating to 'ngB+' from 'ngBB' , placing both on the CreditWatch with negative implications. According to the report from financial rating company, the decision was based...