News Reports

CBN

NACCIMA decries Central Bank’s year-long retention of 12% MPR

The NACCIMA also criticised the Nigerian government’s fertiliser policy. Advertisements

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NDIC worried over unclaimed deposits by 48 liquidated banks customers ‬

The corporation has already paid billions to depositors of failed banks. The Nigeria Deposit Insurance Corporation (NDIC) said on Thursday that several customers in the 48 banks liquidated in December 2012 were yet to come forward to collect their deposits.‬ ‪The Managing Director of NDIC, Umaru Ibrahim, said in Benin at a program organised to […]

Ajaokuta Steel: Lawmakers want Nigeria to source N156 billion revival fund

The lawmakers accused the federal government of abandoning the project. A member of the Senate Committee on Power, Steel Development and Metallurgy, Nurudeen Abatemi-Usman (PDP- Kogi) has asked the Federal Government to source for $1billion (about N156billion) to revamp the comatose Ajaokuta Steel Complex.‬ ‪Mr. Abatemi-Usman told the Minister of Mines and Steel Development, Musa […]

Analysts expect modest multiple expansion in equities, tighter monetary stance in 2014

FBN held its 3rd annual investor conference in Lagos

CBN

Central Bank, ICPC, seek amendment to Dishonoured Cheques Act

The CBN said the contents of the Act are outdated.

Nigeria Stock Exchange

Nigerian Stock Exchange report Monday, 18 November 2013: Nestle tops gainers chart

Nestle topped gainers chart after Monday’s transaction on the Nigerian stock exchange trading floor, gaining almost N50 to its opening share price at the start of trading. The firm gained N49.78 as its share price rose from N1129.00 to N1178. It was followed by Guinness, which gained N5.01 closing at N235.01 up from N230.00. Mobil […]

Nigeria Stock Exchange

NSE market capitalisation up by N50 billion on Friday‬

LafargeWapco tops gainers chart

Nigeria Stock Exchange

Nigerian stock exchange report Monday, 11 November, 2013: Conoil tops gainers chart

Conoil topped the gainers chart after Monday’s trading on the Nigerian Stock Exchange (NSE). The oil firm gained N5.27 at the close of the day’s transactions as its share price rose from N51.48 to N56.75. It was followed by FO, which gained N5.24 closing at N110.14, up from N104.90. 

Nigeria’s debt rises to N7.6 trillion- CBN

The Central Bank released its 2012 report.

CBN

U.K. commends Nigeria Central Bank for achieving information security certification

The Central Bank was certified with the ISO 27001: 2005 version of the ISMS.

Nigeria Stock Exchange

Nigerian Stock Exchange report Wednesday, 06 November, 2013: Value of transactions rise to about 5 billion

The value of transactions on the Nigerian Stock Exchange (NSE) after Wednesday’s trading rose to 4, 927 billion in 4,579 deals, from N4, 155 billion recorded after Tuesday’s trading. The volume of transactions rose to 465.8 million after the day’s transactions, from 358.9 million after Tuesday’s transactions. The Exchange’s market capitalisation rose to 12.18 trillion […]

Nigeria Central Bank to mandate biometric data identification for bank customers

All bank customers would be required to provide their biometric data.

Nigeria Stock Exchange

Nigerian stock exchange report Friday, 01 November, 2013: Nestle tops gainers chart again

NESTLE topped the gainers chart again, after Friday’s transaction on the trading floor of the Nigerian stock exchange, gaining almost N30.00 at the close of the day’s transactions. The firm’s share price rose from N1128.76 to N1100.00, recording a gain of N28.76. It was followed by FO, which gained N3.38 closing at N71.03 up from […]

Power sector to attract $40bn foreign investment in 10 years – FG

Minister of Trade and Investment said a torrent of foreign investors are coming into the power sector

Nigeria Stock Exchange

Nigerian stock exchange report Thursday, 31 October 2013: Four oil firms adorn losers chart

Oil companies seemed to have had a rough time at the trading floor of theNigerian stock exchange yesterday, with about four oil firms frosting the losers chart. Total topped the losers chart with a N6.89 share price loss. The firm’s share price closed at N160.11 down from N167.00. The firm was followed by Conoil, which […]

Land is the biggest obstacle to women power in agriculture, says female food hero

By Peter Jopke For Susan Godwin, this nation’s role model female farmer, honour came with a sense of irony. At the time Oxfam, the global development civic group, and a network of other NGOs were recognizing her with the award of Nigeria’s Female Food Hero, in far away Washington DC, her landlord broke the tenancy […]

Nigeria Stock Exchange

Nigerian stock exchange transactions volume rise to 569.6 million on Wednesday 30 October 2013

Transactions volume on the floor of the Nigerian Stock Exchange, NSE, rose to 569.6 million on Wednesday, from 294.4 million recorded the previous day. The Exchange’s market capitalisation also stood at 11.9 trillion, after the day’s trading, with All Share Index (ASI) at 37, 373.09, while shares, valued at N3,543 billion, were traded in 5, […]

Global peace impossible without fair deal for the poor, says IDB President

“The world certainly cannot be at peace with itself when about one-third of us are poor,” the IDB president said.

Dangote more powerful than Jonathan, other African leaders — Forbes

Mr. Dangote’s influence is growing in Africa and the world

UPDATE: EcoBank’s Board retires embattled Chairman amidst fraud allegations

The Board of Ecobank Transnational Incorporated (ETI) today announced the decision of Kolapo Lawson to stand aside as its Chairman, amidst allegations yet to be cleared by regulatory bodies. He will retire from the Board on December 31, 2013 but has been asked to hand over to André Siaka as interim Chairman, with immediate effect. […]

Nigerian stock exchange report Tuesday, 29 October 2013: Nigerian Breweries tops gainers chart

Nigerian Breweries topped the gainers chart after Tuesday’s transaction on the Nigerian stock exchange trading floor, gaining N6.45 at the close of the day’s transactions. The firm’s share price rose from N167.05 to N173.50. It was followed by WAPCO, which gained N4.30 closing at N105.30 up from N101.00.  Glaxosmith was third on the top five […]

Nigeria Stock Exchange

Nigerian stock exchange report Monday, 28 October 2013: Guinness lost losers chart

Guinness lost about N4.00 and closed at N241.00 down from N245.00. The firm was followed by NNFM, which lost N1.28, closing at N24.37 down from N25.65 before transactions. UACN lost N1.01 and closed at N64.99 down from N66.00. PRESCO also lost N1.00 and closed at N34.50, down from N35.50 while PZ closed at N39.00 down […]

Union Bank announces Central Bank’s approval of its divestment plans

The bank is going through a transformation process.

Nigeria Stock Exchange

Nigerian stock exchange report Tuesday, 22 October 2013: Cadbury tops losers chart

Cadbury lost about N2.50 and closed at N56.50 down from N59.00. The firm was followed by WAPCO, which lost N0.47, closing at N98.03 down from N98.50 before transactions. Ashaka Cement lost N0.45 and closed at N22.55 down from N23.00. Unilever also lost N0.42 and closed at N60.62, down from N61.04 while Zenith Bank closed at […]

Nigeria Stock Exchange

Nigerian stock exchange report Wednesday, 21 October 2013: Conoil tops gainers chart

Conoil topped gainers chart after Monday’s transaction on the Nigerian stock exchange trading floor, gaining N3.57, at the close of the day’s transactions. The firm’s share price rose from N34.99 to N38.56. It was followed by Cadbury, which gained N2.00 closing at N59.00 up from N57.00.  PZ was third on the top five chart, gaining […]