Capital Market
"Impose appropriate sanctions": CBN threatens to sack bank chairmen, CEOs, gives reason
The CBN has ordered immediate removal of bank CEOs and chairmen who do not release their annual financial statements within 12 months of the year's conclusion.
US court bars Nigerian billionaire from stock trading, imposes $250m fine against him, firms
A US court has slammed a $250 million fine on Nigerian billionaire and his firms with a fine of $250 million for infractions and barred him from trading in stocks,
6 most profitable banks in Nigeria in 2024 posts N979.19 billion profit in 6 months
About six commercial banks in Nigeria have reported a surge in profit of N979.19 billion in the first half of 2024, with Ecobank leading the pack during the period.
Again, CBN slashes Customs FX rate for cargo clearance after naira gains 7 days in a row
The Central Bank of Nigeria (CBN) has slashed the foreign exchange rates for cargo clearance in Nigerian ports following gains the naira against the dollar.
“Interest is payable quarterly": FG invites Nigerians to invest in savings Bonds at just N1,000
The Debt Management Office (DMO) has unveiled a new opportunity for subscription to Federal Government of Nigeria (FGN) savings bonds, priced at N1,000 per unit.
Concerns as investors abandon banking stocks amid Tinubu’s reforms
Following the CBN's instruction for the country's banks to improve the market capitalization of banking equities listed on the NGX dropped by over N1.62 trillion.
Zenith, Access, 3 other banks in race to raise N1.26tn ahead of CBN's recapitalisation deadline
Top Nigerian banks are poised to raise N1.26 trillion in the capital market to meet the Central Bank of Nigeria's (CBN) recapitalization requirements.
Dangote Cement, Sugar, Salt, others Sshed N1.2trn market value in July, Dangote’s net worth affected
The stocks of Dangote Industries Limited dropped about N1.2 trillion in market capitalisation in July, dragging the All-Share Index of the NGX to 1,9 trillion loss.
9mobile Reconstitutes Board, Etuh, Danjuma, Edun, Ikpoki Others Join
Following the approvals of the Nigerian Communications Commission and the Federal Competition and Consumer Protection Commission as required by law.
Capital Market
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