Nigeria Not Out Of Recession – Ex-CBN Deputy Gov, Moghalu

Former deputy governor of the Central Bank (CBN), in charge of Finance System Stability, Professor Kingsley Moghalu, has said contrary to claims by the Federal Government, Nigeria is not out of recession yet. Instead, Moghalu said the country’s economy is going through “economic contraction” which, according to him, will take Nigeria more years to overcome. After […]

NSE Promotes Ms. Tinuade Awe as Executive Director Regulation

The Nigerian Stock Exchange (NSE) has announced the promotion of Ms Tinuade Awe to Executive Director, Regulation with effect from 1 January, 2018. Awe’s elevation which was made know on Monday to the investing public, has since received regulatory approval. As Executive Director, Regulation in the NSE’s revised organizational structure, Ms Awe has oversight functions […]

E-dividend Registration Continues, Now To Cost N150 – SEC

The Securities and Exchange Commission (SEC) has announced that the e-dividend registration exeecise would continue seamlessly in spite of the expiration of the December 31st 2017 Free registration deadline. It would be recalled that the e-dividend Free Registration expired on December 31, 2017. Acting Director General of SEC, Dr. Abdul Zubair, who made the announcement […]

CBN Suspends New Clearing Rules For Banks

The Central Bank of Nigeria (CBN) has suspended a review settlement banking arrangement to all clearing sessions for banks and merchant banks, expected to begin January 2. In a circular to all banks and the Nigeria Interbank Settlement System (NIBSS), CBN Director, Banking and Payments System Department, ‘Dipo Fatoku, said: “Please note that the new […]

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Nigeria Still Investors Destination – IMF

Monetary and regulatory authorities in Nigeria have been enjoined to roll out policies that would bring down the inflation rate in the country as well as increase access to domestic funds in order to ensure that the economy attains further growth in 2018, adding that Nigeria is still an investor’s destination. The call was made […]

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FMDQ OTC Trading Hits N14.85tr In November

Trading on the floor of the Financial Markets Dealers Quotations, FMDQ, securities exchange, in November saw turnover recording an increase of 21.92 percent to close the month at ₦14.85 trillion. Activities rise in the securities exchange for the month under consideration amounts to ₦2.67 trillion increase from the value recorded in October 2017. A further x-ray […]

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Oando Drags SEC To Appeal Court

Oando Plc has headed for the Court of Appeal in its bid to lift the technical suspension imposed on its shares on the floor of the Nigerian stock market by the Securities and Exchange Commission. The oil company had earlier approached the Federal High Court in Lagos to challenge SEC’s suspension of its shares and […]

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Market Operators Demand Single License from CBN, SEC

To facilitate a more robust and deeper financial market, operators in the Nigerian capital market have urged the Central Bank of Nigeria (CBN) and the Securities and Exchange Commission (SEC) to grant them single dealing license to access Discount Window. The operators are currently being regulated by the Securities and Exchange Commission and they are […]

CBN, FIRS, others meet on FSS 2020

The Central Bank of Nigeria and other agencies involved in the implementation of the Financial System Strategy 2020 will converge on Lagos this week to mark 10 years of strategising to bring into existence the programme. The objective of the event, which holds on Wednesday and Thursday, is to review the status of the FSS […]