About Nigerians, Nigerian Business and Other Stories
After losing 0.91 percent, on Monday, the Nigerian Stock Exchange (NSE) key market indicators on Tuesday August 22, 2017 bounced back on the positive track with 1.03 percent appreciation, bringing the year to date return to 37.54 percent. At the closing of business the All Share Index closed at 36,962.48 against the previous close of […]
Transaction on the floor of the Nigerian Stock Exchange (NSE) Friday, witnessed a turnaround from the decrease on Thursday as key market indicators regains its momentums with 0.25 increase, bringing the year to date return to 42.14 percent. However, Unilever Nigeria Plc that is currently seeking over N58 Billion from existing shareholders through right issue, […]
The Nigeria Deposit Insurance Corporation (NDIC) has secured a landmark judgement to the tune of N556,493,034.16 (Five Hundred and Fifty-Six Million, Four Hundred and Ninety-Three Thousand, Thirty-Four Naira and Sixteen Kobo Only) in favour of depositors of Lead Merchant Bank Limited in-liquidation. According to a statement which was made available to Financial Edge on Wednesday, […]
Every Nigerian bank is currently healthy and on sound footing, the Managing Director, Nigeria Deposit Insurance Corporation (NDIC), Alhaji Umaru Ibrahim, has indicated,. The NDIC Boss stated this on Thursday, reassuring members of the public to ignore rumours being circulated that some banks were in financial distress. NDIC position was made public in a statement […]
The House ofRepresentatives Committee on Insurance and Actuarial Matter has commended the NigerianDeposit Insurance Corporation (NDIC) during the presentation of 2017 budgetdefence, as part of the committee oversight function. The Managing Director/Chief Executive Alhaji Umaru Ibrahim successfully defended theCorporation’s proposed 2017 budget began by calling the attention of theHonourable members to the delay in the […]
Naira loses 85% of value in two years – CBN …enjoins risk managers to be on top of their job As Nigerians continued to grapple with the hash economic realities bedeviling the domestic economy, the Central Bank of Nigeria has disclosed that the naira has lost about 85 per cent of its value in the […]
UBA CFO, Finance Team Shines at CFO Awards Pan-African financial services group, United Bank for Africa Plc repeated the outstanding feat, it recorded last year at the 2nd edition of Nigeria CFO awards, but took it a notch higher when its Group Chief Financial Officer (GCFO) and the Finance Team bagged the treble at the […]
Market Growth: SEC, NERDC signs MoU on introduction of Capital Market Studies The Securities and Exchange Commission (SEC) is set to achieve another milestone by infusing capital market studies (CMS) into schools curriculum with the signing of a Memorandum of Understanding (MoU) with the Nigerian Educational Research and Development Council (NERDC). This was done weekend […]
Manufacturers lost N500bn to CBN’s forex policy – MAN The Manufacturers Association of Nigeria on Thursday said Central Bank of Nigeria’s flexible exchange rate policy had culminated to N500bn loss for manufacturers. According to agency report, the Chairman, MAN, Apapa Branch, Mr. Babatunde Odunayo, made the assertion during the branch’s 45th Annual General Meeting in Lagos. […]