CBN explains why dirty, mutilated naira notes are in circulation

July 8, 2019

The Central Bank of Nigeria on Monday attributed the proliferation of dirty and mutilated Naira notes in circulation to poor and improper handling. The bank made this known at a two-day sensitisation of Nigerians to their rights with commercial banks, noting that many Nigerians find it difficult to access loans from commercial banks because they cannot […]

Prices of selected food stuff increased in April — NBS

May 23, 2019

The National Bureau of Statistics (NBS) said the average price of some selected food items in the country increased in April. NBS said this in its “Selected Food Price Watch (April 2019)’’ report released on its website. It said the average price of one dozen of medium sized agric egg increased from N459.81 in March […]

Bourse clarifies concerns over MTN listing in Nigeria

May 23, 2019

The Nigerian Stock Exchange was forced on Monday to make clarifications  over media concerns regarding the listing of the shares of Africa’s  largest telecommunication company, MTN, on the local stock market. According to the bourse, as an exchange that is committed to operating a  fair, orderly and transparent market, it was important to clarify some  […]

Wall St. gains on earnings boost, strong economic data

May 16, 2019

U.S. stock indexes rose 1 percent on Monday and were on pace to extend a two-day winning streak, lifted by better-than-expected earnings from Cisco and Walmart, and robust economic data that underscored the strength of the domestic economy. Cisco Systems Inc rose 6.1%, the most among the S&P and the Dow indexes, after the network […]

MPC cut MPR for the first time since 2015 by 50bps

March 26, 2019

At the end of its 2-day policy meeting, in a vote of 6 to 5 members, the Monetary Policy Committee (MPC) voted to cut the monetary policy rate by 50 basis points to 13.5 percent for the first time since September 2015. The committee decided to cut Monetary Policy Rate (MPR) to 13.5 percent, however, they […]

Revitalise moribund industries through capital market- SEC urges sub-nationals

Adesola AfolabiJanuary 24, 2019

The Securities and Exchange Commission, SEC has  urged state governments to take advantage of the enormous opportunities available in the capital market to revitalise moribund companies in their state in a bid to create wealth for the citizens. , acting director general of the SEC, stated this in Akure, Ondo State at an e-dividend enlightenment […]

NB debunks “fake Amstel Malta” claims

Afolabi OluwaseunJanuary 18, 2019

In the wake of a video circulating the social media, alleging the existence of a ‘fake’ Amstel Malta in the market, the Nigerian Breweries has been quick to debunk this allegation, claiming is not true. According to the statement released, NB said the claim in circulation is based on the fact that there are differences in […]

Dollar slips vs. yen, Swiss franc as risk appetite wanes

December 27, 2018

The U.S. dollar fell against the Japanese yen on Wednesday, giving up most of the gains logged in the previous session, as worries about widening cracks in global stock markets prompted investors to load up on perceived safe-haven assets. The greenback advanced against commodity-linked currencies as oil prices fell toward 18-month lows on oversupply. Although […]

SEC urges investors to embrace e-dividend to boost liquidity

Adesola AfolabiDecember 6, 2018

The Securities and Exchange Commission (SEC) has urged more Nigerians to take advantage of the on-going  e-dividend registration to reduce the unclaimed dividends profile as well as increase liquidity in the capital market and the economy. According to the apex capital market regulator, the essence of the e-dividend mandate management system (DMMS) is to eradicate […]