Online News Magazine
Online News Magazine
The Nigerian stock market is poised for a significant growth in 2025, with Arthur Steven Asset Management Limited (ASAM) projecting a 39% return on the All-Share Index (ASI). According to Olatunde Amolegbe, Managing Director of ASAM and former President of the Chartered Institute of Stockbrokers (CIS), in his presentation at the Capital Market Correspondents Association […]
The Central Bank of Nigeria (CBN) has launched two initiatives to improve turnaround time and cut costs. They are the Document Flow (DocFlow) System and the Ministries, Departments, and Agencies (MDAs) Naira Payment Solution. The apex bank disclosed this in a statement on Thursday. According to the statement, the initiatives were launched on Wednesday in […]
In a bid to ensure zero tolerance for cash flow disruptions, the Central Bank of Nigeria (CBN) has sanctioned Deposit Money Banks (DMBs) for failing to make Naira notes available through automated teller machines (ATMs), during the yuletide season. Each bank was fined ₦150 million for non-compliance, in line with the CBN’s cash distribution guidelines, […]
The Nigeria Customs Service (NCS) has been commended for its pivotal role in boosting Nigeria’s economic recovery, as the Federal Government sets a ₦48 trillion expenditure target for 2025. The Nigeria Minister of Finance, Mr Olawale Edun, highlighted the NCS’s importance during the 61st quarterly board meeting of the agency held last Wednesday, at the […]
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 […]
