NIRSAL Microfinance Bank Limited, Nigeria’s foremost micro lender in the nation’s agricultural sector, has won Interswitch’s 2022 Award of Recognition for Outstanding Performance and Consistent Contribution to the nation’s economic growth. Interswitch is a Nigeria-based leading African integrated payments and digital commerce platform company headquartered in Lagos. Speaking on the award, NIRSAL MFB Managing Director, […]
Microsoft Corporation has agreed a deal that will see the tech giant acquire a 4% stake in the London Stock Exchange Group Plc. A blog announcement by technology-giant published on Monday indicated that the tech company will fork $2.8 billion to complete the cloud-computing deal and plans to generate revenue of up to $5 billion […]
The Nigerian Exchange Limited (NGX) has announced the listing of two new futures contracts for the NGX30 and NGX PENSION indices both of which will expire on 16 June 2023. A futures contract, as an investment concept, allows an investor to speculate on the price of a financial instrument or commodity. Normally, futures are used to hedge […]
Nigeria’s equities market trading opened on a positive note on Monday for the week with a gain of N10 billion recorded in market capitalization. The trading session showed that the Nigerian Exchange Group’s (NGX’s) All-Share Index (ASI), which tracks the performance of stocks across the board rose by 0.04% to 48,899.08 basis points. Following the […]
Bancorp Securities Limited’s investment experts on Monday predicted sustained positive sentiments in the nation’s equities market this week on the back of last week’s trading sessions’ impressive indices. The equities market closed green last Friday as bulls regained control of the trading, thereby raising the All Share Index (ASI) by 1.06% to close at 48,881.93 […]
The Kano Chamber of Commerce Industry Mines and Agriculture (KACCIMA) has said that the pan African drive by the Dangote Group will help in achieving the broad policy objectives of the Africa Continental Free Trade Area (AfCFTA) pact in the continent The interim chairman of the management committee of KACCIMA, Mallam Aminu Ahmed, who made […]
The Nigerian currency, Naira, sustained its exchange rate value-addition trend at the parallel market and traded at an average of N745/$1 on Monday in the early hours trading session. Black market dealers in Abuja linked the improving exchange rate of the Naira partly to the ongoing old Naira notes’ redesign policy measure of the Central […]
The Securities and Exchange Commission (SEC) Nigeria has promised The Gambian financial system authorities necessary assistance in their current initiatives aimed at boosting their nation’s capital market. The SEC Executive Commissioner Operations, Mr. Dayo Obisan, made the promise when he received a team from Central Bank of The Gambia on a study visit to the […]
The National Pension Commission (PenCom) has approved 34 primary mortgage banks to participate in the use of the Retirement Savings Accounts (RSAs) for residential mortgage financing in the country. The approved 34 mortgage banks comprised 18 from Lagos, 8 from Abuja and the remaining 8 are from other states. According to the approved list, the […]
…..DMBs to provide N500bn credit to export-oriented firms yearly The Central Bank of Nigeria (CBN) has projected that Nigeria’s non-oil export proceeds for rebates will hit $1 billion by the end of Q4 this year. The CBN Governor, Godwin Emefiele, made this disclosure while briefing journalists at the end of the 13th annual Bankers Committee’s […]