The Nigerian Stock Exchange (NSE) has listed the Stanbic IBTC Asset Management Limited (SIAML) Pension ETF 40 as one of the Exchange Traded Fund that will be traded on the NSE floor. A total of 10,000,000 units of N100 each at par in SIAML Pension ETF 40 was listed. According to the promoter investors can only buy a minimum of …

Banks’ assets have depreciated in the last two years, with provisions for Non Performing Loans (NPLs) hitting N856.9 billion, a financial market report has said. The report by the investment and research firm Afrinvest West Africa Plc was released yesterday. It said provisioning for the NPLs, which rose 3.1 times from N280.4 billion in December 2014 to N856.9 billion last …

The Economic Community of West African States (ECOWAS), in conjunction with the European Union (EU), has launched the implementation of the European Union Support to ECOWAS Regional Peace, Security and Stability Mandate Programme (ECOWAS-EU PSS Project) aimed at creating the right atmosphere for development in the region.   The project, which will see ECOWAS, EU and other developmental partners committing …