Forex: CBN Boosts Supply With $240m to Retail SMIS

In the last trading day of the week and ahead of June 26 and 27, 2017 holiday declared by the Federal Government to commemorate the Eid-el-Fitr, the Central Bank of…

NSE Daily Trading Results On Friday

  DailyTrading activities at The Lagos Trading Floor of the Nigerian Stock Exchange(NSE) closed on Friday with a total volume of 417.568 million shares valued at 3.246 billion naira traded…

We Want Repayment of $1.2bn Loan, Not Takeover of Etisalat, Says Consortium of Banks

By Akin Akinremi in Lagos The 13 banks involved in Etisalat Nigeria loan have debunked reports that they have taken over the operations of the company. A management source close…

NSE Trading Results On Wednesday

  ASI 33,477.89 DEALS 5,876.00 VOLUME 508,732,080.00 VALUE 6,396,512,042.50 CAP 11,576,748,412,005.48 Top Gainers Symbols Last Close Current Change CONOIL 38.5 40.42 1.92 CAP 34.2 34.99 0.79 CCNN 10.74 11.27 0.53…

SEC Commends DMO on N100 bn Sukuk Debt Issuance

  The Securities and Exchange Commission (SEC) is pleased to notify the investing public that the Debt Management Office (DMO) has concluded arrangements to issue the maiden N100.0 Billion Sukuk…

Nigeria Loses More Than 140 Billion Weekly to Apapa Gridlock – Aliko Dangote

President of Dangote Group, Aliko Dangote has lauded the decision of the Federal Government to reconstruct the failed Apapa Wharf road as its grim state serves as both an embarrassment…

FG Successfully Raises $300 million from First Diaspora Bond

By Akin Akinremi There was cause for celebration Monday, when the Federal Government issued its first diaspora bond in the international capital market, raising the sum of $300 million at…

Zenith Bank,  Access Bank, 11 Others Move to Take Over Etisalat Nigeria

 By Akin Akinremi A consortium of Nigerian banks, led by Zenith Bank Plc, and foreign banks, has taken steps to take over the management of Etisalat Nigeria, following the inability…

UBA Emerges Financial Brand of the Decade

Pan African banking and financial services group, United Bank for Africa (UBA) Plc, has added yet another laurel to its cap. It emerged the Financial Brand of the Decade at…

CBN Injects $195m Into FOREX Market

…announces retail option Following its intervention in the inter-bank Foreign Exchange Market, last week, to the tune of over $800 million, the Central Bank of Nigeria (CBN), on Monday, injected…