MARKETS

  The NGX All-Share Index and Market Capitalization depreciated by 6.67 per cent to close the week at 44,396.73 and N24.182 trillion respectively. Similarly, all other indices finished lower with the exception of NGX CG, NGX Banking, NGX Pension, NGX AFR Bank, NGX AFR Div Yield, NGX MERI Growth, NGX...

C &I Leasing Plc has reiterated plans to embark on a business expansion drive in the near future to increase market share and ensure enhanced returns to shareholders. The C&I Leasing Group Managing Director/Chief Executive Officer, Mr Lenin Ugoji, stated this at the company’s 31st Annual General Meeting for the...

Polaris Bank has announced that it has been notified of the completion of a Share Purchase Agreement (SPA) for the acquisition of 100% of the equity in Polaris Bank (‘Polaris’ or ‘the Bank’) by Strategic Capital Investment Limited (‘SCIL’). As part of the change in ownership, SCIL has appointed a...

  Polaris Bank now has a new owner as the Central Bank of Nigeria (CBN) and the Asset Management Company of Nigeria (AMCON) formally announced the completion of a Share Purchase Agreement (SPA) for the acquisition of 100 per cent of the equity in the deposit money bank by Strategic...

In its bid to continue to champion best practices in the capital markets, Nigerian Exchange Limited (NGX) will keep collaborating extensively with the Institute of Directors (IoD) to further boost compliance to corporate governance. NGX and IoD have for long worked in tandem to advance best practices in corporate governance...

  The Federal Government said it will begin steps towards creating a separate and special foreign exchange window for exporting manufacturers. This is in response to a plea by the manufacturers asking the Federal Government to support the sector by allowing operators to access forex through a special window to...

In order to deepen eNaira usage in the country, the Central Bank of Nigeria (CBN) said on Saturday that it was targeting to establish at least 10 agents’ offices in each of the 774 Local Government Areas of the country, bringing their numbers to 7,740. Speaking at the sensitisation event...

The NGX All-Share Index and Market Capitalization appreciated by 0.46 per cent to close the week at 47,569.04 and N25.910 trillion respectively. Similarly, all other indices finished higher with the exception of NGX Premium, NGX Consumer Goods and NGX Oil & Gas which depreciated by 0.10 per cent, 0.74 per...

  The  Central Bank of Nigeria (CBN) has released an exposure draft of the guidelines for the regulation of representative offices of foreign banks in Nigeria. This to solicit public comments on proposed regulations. This was disclosed in a recent circular dated October 12, 2022, and signed by Chibuzo Efobi,...

  Oyo State Governor, Seyi Makinde (left); presenting frame to Founder and General Overseer, Lord's Chosen Charismatic Revival Ministries, Pastor Lazarus Muoka, while his wife, Joy looks on during a courtesy visit to Governor's Office, Secretariat, Ibadan....