Online News Magazine
Online News Magazine
The Central Securities Clearing System (CSCS) has highlighted technology’s role in deepening Nigeria’s capital market. This came to the fore at the 2024 annual conference of the Capital Market Correspondents Association of Nigeria (CAMCAN) in Lagos. The Divisional Head, Business Services and Client Relations, CSCS Plc, Mrs Onome Komolafe, said this during a panel session […]
The Central Bank of Nigeria (CBN) has clarified that there is no deadline over the validity of the old ₦1000, ₦500, and ₦200 banknotes currently in circulation It therefore advised Nigerians to disregard the misinformation regarding the validity of the old naira notes In line with the Bank’s previous clarifications and to offer further assurance, […]
The Chairman of the Nigerian Exchange Group Plc, Alhaji (Dr) Umaru Kwairanga, has said the number of investors in the Nigerian capital market was unacceptable given the population of the country. Kwairanga said this at the 2024 annual conference of the Capital Market Correspondents Association of Nigeria (CAMCAN) in Lagos. He said, “We are coming […]
FMDQ Exchange says it has adopted technology in the process of Commercial Paper (CP) application, stressing that the value of market currently stands at an estimated N3 trillion. The Divisional Head, Market Architecture, FMDQ Securities Exchange Limited, Mr Oluwaseun Afolabi, disclosed this at the 2024 Capital Market Correspondents Association of Nigeria (CAMCAN) annual workshop in […]
An economist, Mr Johnson Chukwu, has stressed the need for the Central Bank of Nigeria (CBN) to deploy available Infrastructure technology and Bank Verification Numbers (BVN) to tackle delay in the verification of banks’ offers and ensure speedy conclusion of the process. Apparently irked by the delay in the apex bank’s verification process which has […]
In a major boost to the operations of the Securities and Exchange Commission and the Nigerian capital market, the Senate of the Federal Republic of Nigeria has passed the Investments and Securities Bill 2024. The Investments and Securities Bill, meant to repeal the Securities and Exchange Commission (SEC) Act, was passed on the floor of the […]
In a significant move aimed at enhancing financial inclusion and the digital payment landscape in Nigeria, the United Bank for Africa (UBA) on behalf of Nigeria Inter-Bank Settlement System (NIBSS), other Banks and financial institutions, has successfully hosted the inaugural Annual General Meeting (AGM) of the NQR Industry Committee reinforcing the importance of cutting-edge Quick […]
The Central Bank of Nigeria, CBN, will, on Monday, launch its newly redesigned website (www.cbn.gov.ng), which will be operational immediately. A statement released on Sunday by its Acting Director, Hakama Sidi Ali, said the redesigned website introduces a variety of new content, which encompasses a broader spectrum of information regarding the bank’s mandate. The statement […]
Governor, Central Bank of Nigeria, Mr. Olayemi Cardoso, has advised Nigerians against leaving the country (Japa). He assured that the apex bank is building an economy where everybody and business can thrive. Cardoso gave the advice in a keynote address at the 59th annual Bankers Dinner of the Chartered Institute of Bankers of Nigeria, CIBN, […]
The Governor of Central Bank of Nigeria (CBN), Olayemi Cardoso, on Friday advised bank customers to report any difficulties in withdrawing cash from bank branches or ATMs to the apex bank from December 1. Cardoso, who spoke during the 2024 annual bankers dinner in Lagos organised by the Chartered Institute of Bankers of Nigeria (CIBN) […]
