Tag Archives: CBN

From Left: Joseph Ogbonna Anosike, Chairman, The Initiates Plc; Oscar Onyema, Chief Executive Officer, The Nigerian Stock Exchange (NSE) and Ossai Reuben Mustapha, Managing Director/CEO, The Initiates Plc at the listing of The Initiates Plc at the Exchange on Tuesday.  

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Zenith Bank records N100bn profit after tax With a 20.4 per cent appreciation in profit after tax, Zenith Bank Plc has announced a cumulative N100billion profit for the nine months ended September 30, 2016, compared to N83billion recorded for the same period in 2015. The bank ended the period with a profit before tax of N121.2bn, showing an increase of …

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OTC Market records 5.45 % decline YoY in September   Turnover of transactions carried out in the Fixed Income and Currency (FIC) markets for the month of September 2016 amounted to ₦10.85trn; an increase of 11.30 per cent (₦1.10trn) over the value recorded in August and a 5.45 per cent (₦0.63trn) decline Year on Year (YOY). Activities in the Foreign …

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NSE Named Most Innovative Stock Exchange in Africa 2016  The Nigerian Stock Exchange (NSE or The Exchange) has emerged the Most Innovative Stock Exchange in Africa 2016. This award was presented to The Exchange by The Business Year Magazine on Monday, October 17, 2016 at the Stock Exchange House, Lagos. The Business Year Magazine Awards recognize different categories of players …

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Ecobank Revolutionize Digital Banking, Unveils Unified App Across 33 Countries   Ecobank has launched its Mobile App, an instant and convenient way of banking via the mobile phone. It is the first unified app delivered by any institution for use in 33 countries. Group CEO, Ade Ayeyemi, unveiled the new product at a huge launch in Lagos, which included customers, …

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  Nigeria Finance Minister, Kemi Adeosun opens London & Lagos Capital Markets conference  …Event brings together senior UK and Nigerian government officials, business leaders and global investor …Focus on building London-Lagos dual listing model and developing Nigerian capital markets   Friday Ekeoba Nigeria Finance Minister, Kemi Adeosun on Friday alongside the Minister of State for International Trade, London, Rt Hon. …

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Dangote targets 2m metric tons of sugar annually The Dangote Sugar Refinery Plc, a member of Dangote Group, on Monday said it plans to produce between 1.5 and 2 million metric tons of refined sugar annually from locally produced sugarcane. The Acting Group Managing Director, Mr. Abdullahi Sule, made the disclosure at the 2016 World Food Day celebrations organised by …

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LCCI Holds Dialogue on Port Efficiency and Maritime Sector Roadmap The Lagos Chamber of Commerce and Industry (LCCI), the premier Chamber of Commerce in collaboration with the Financial Derivatives Company, a renowned economic consultancy firm, is set to hold a Public-Private Dialogue on Port Efficiency & Maritime Sector Roadmap in Nigeria. The objective is to design a roadmap for the …

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Senate Lauds NDIC For Regular Remittance To Consolidated Revenue Fund The Senate Committee on Banking, Insurance and Other Financial Institutions has commended the Nigeria Deposit Insurance Corporation (NDIC) for its prompt and regular remittance of its operating surplus into the Consolidated Revenue Fund (CRF) in line with the provision of the Fiscal Responsibility Act (FRA), 2007. The Committee Chairman, Sen. …

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