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Friday, July 30, 2021

Why CBN Will No Longer Sell Foreign Exchange To BDCs

Following alleged massive graft and money laundering, the Central Bank of Nigeria (CBN) will no longer sell foreign exchange to Bureaux De Change (BDCs). Central...

ETF: Foreign Transactions on NGX hit 99.64% as NewGold lead as most active stock

Despite FX restrictions, foreign transactions in Exchange Traded Funds (ETFs) grew by 99.64 per cent even as ten stock brokers drove 99.9 per cent...

Shareholders Hail Wale Tinubu for Oando Reaching Settlement with SEC

Months after a plethora of court cases with counter judgments the investment community was greeted on the evening of Monday July 19, with the...

Ecobank’s 2021 Half-Year Profit Jumps By 33%, Revenue Rises

Ecobank Transnational Incorporated (ETI) recorded a 33.04 per cent rise in its profit before tax for the first half of the year ended June...

NGX CEO Engages Institutional Clients on Market Development

The Chief Executive Officer, Nigerian Exchange (NGX) Limited, Mr. Temi Popoola, CFA, hosted an engagement session with Institutional clients on Monday, 26 July 2021....

Why FIRS, SystemSpecs partner to simplify tax remittances

To further simplify tax remittances, SystemSpecs has collaborated with the Federal Inland Revenue Service (FIRS). This deal is also aimed at strengthening tax administration...

Nigerian Banks Are Safe – CBN Assures

The Central Bank of Nigeria (CBN) has reiterated the resilience, safety and soundness of Nigerian Deposit Money Banks and other financial institutions under its...

AMCON DEBT: Senate Pushing For Additional Cooperation From CBN, NDIC

The Chairman Senate Committee on Banking Insurance and other Financial Institutions, Senator Uba Sani at the weekend disclosed that the Senate would push and...

Fidelity GAIM SEASON 4 Produce Winners

Fidelity Bank Plc conducted the 6th/Final draw of the Get Alert in Millions (GAIM 4) Season 4 Savings promo where a total cash wins of...

NGX To Host Institutional Client Engagement Session

Nigerian Exchange Limited is set to host the first in its Institutional Client Engagement Series on Monday, 26 July 2021. The virtual event will be...

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Seplat Kicks Off Capital Markets Day with NGX Closing Gong Ceremony

Nigerian Exchange (NGX) Limited hosted Seplat Energy to a digital Closing Gong Ceremony to commemorate the first dual Capital Markets Day between Lagos and...

Kyari Assures AKK Gas Pipeline Project ‘ll Be Delivered on Schedule, Create Prosperity

The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Mallam Mele Kyari, has assured that the ongoing 614kilometres Ajaokuta-Kaduna-Kano (AKK) gas pipeline...

Transcorp Plc Half-Year Performance Shows Powerful Growth as Profit Leaps by 713%

Transnational Corporation of Nigeria Plc (Transcorp) has released its unaudited results for the half-year ended June 2021, recording significant improvement across its major income lines. The Conglomerate with...