The total currency in circulation in Nigeria hit an all-time high of N2.97 trillion as of October 2021, data from the central bank’s money and credit stats reveal. The currency in circulation is the total amount of physical cash represented…
By Matthew Denis, Abuja The Vice President, Prof Yemi Osinbajo has extolled the digitization of the Nigerian Exchange Limited (NGX) to capital markets activities in the country. Osinbajo made the disclosure at the the maiden edition of the capital markets…
The NGX closed on a negative note amidst sell-offs and buy-interests as the benchmark All-Share Index (ASI) depreciated by 5 basis points. The NGX ASI closed at 43,248.05 points, to reflect a decline of 0.05% from the previous trading day…
MTN Nigeria Communications Plc (MTN Nigeria) has announced that the public offer to retail investors for the sale of up to 575 million shares held in MTN Nigeria by MTN Group will be priced at N169.00 per share (the Offer).…
Fidelity Bank Plc has announced the appointment of Mrs. Morohunke Adenike Bammeke, as an Independent Non-executive Director of the bank, with effect from November 18, 2021. This is according to a press release issued by the bank and signed by…
Trading in the domestic equities market started the week on Monday with negative sentiments following sell pressure in Presco and 20 other stocks. Speficially, the market capitalisation which opened at N22.598 trillion lost N20 billion or 0.09 per cent to…
At the end of today’s trading session, Presco Plc share price depreciated by 1.24% to close at N87.80 per share, taking the market capitalization from N88.90 billion to N87.80 billion. Presco Plc, today recorded a loss in share prices which…
By Matthew Denis Abuja The Central Bank of Nigeria (CBN) has introduced e-form ‘NCX for Non-commercial Exporting activities in the Country. This is contained in a statement signed by the Director of Trade Exchange of CBN, Dr. S.O Nnaji and…
By Seun Ibiyemi The Director-General, Securities and Exchange Commission (SEC) has warned quoted companies and capital market registrars to desist from selective payments and distribution of dividends. Yuguda stated this in his keynote address on Saturday at the Institute of…
Mr Godwin Emefiele, Governor, Central Bank of Nigeria (CBN), says that in less than four weeks, the eNaira app had witnessed almost 600,000 downloads since its launch in October. Emefiele made the disclosure at the 56th Chartered Institute of Bankers…
