PENCOM Archives - Page 4 of 4

Nigeria’s economy shrinks by 2.2% in third quarter

November 21, 2016 0

Nigeria’s economy shrinks by 2.2% in third quarter Despite claims of growth, the Nigeria’s economy in the third quarter contracted as businesses struggled to access foreign exchange and rebels continued to bomb oil pipelines in the restive south, official data showed Monday. “The nation’s gross domestic product (GDP) contracted by -2.24% year-on-year,” the country’s National Bureau of Statistics said in …

Market Growth: SEC, NERDC signs MoU on introduction of Capital Market Studies

November 20, 2016 0

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 at the Commission’s head office …

Sterling Bank Completes Temenos IT Transformation Project …Rolls out Core Banking Solution across 185 branches

November 18, 2016 0

Sterling Bank Completes Temenos IT Transformation Project …Rolls out Core Banking Solution across 185 branches Software specialist for banking and finance, Temenos (SIX: TEMN), has announced that Sterling Bank Plc, has successfully gone live with Temenos UniversalSuite, just as it simultaneously rolls out Temenos Core Banking Solution across 185 branches. The Geneva based software specialist in a statement made available …

Nigerian Capital Market Information Security Forum…Pix

November 17, 2016 0

Manufacturers lost N500bn to CBN’s forex policy – MAN

November 17, 2016 0

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. He said that Letters of …

NDIC Decry Okereke-Onyuike’s merger call with AMCON

November 15, 2016 0

NDIC Decry Okereke Onyuike’s merger call with AMCON FRIDAY EKEOBA The management of Nigerian Deposit Insurance Corporation (NDIC) has decried the merger call by the erstwhile Director General of the Nigerian Stock Exchange (NSE), Prof Ndi Okereke-Onyuike. The NDIC said the organisation mandate and scope of operations are far beyond such narrow scope as was ignorantly painted by Okereke Onyuike, …