Online News Magazine
Online News Magazine
The Capital Market Correspondents Association of Nigeria (CAMCAN) has concluded arrangements for its 2024 annual workshop, a pivotal gathering aimed at fostering dialogue and proffering solutions to challenges facing the Nigerian capital market and the broader economy. The workshop with the theme: “Banks’ Recapitalisation: Bridging the Gap Between Investors and Issuers in the Nigerian Capital […]
The Central Bank of Nigeria (CBN) has instructed banks participating in the interbank foreign exchange market to implement the Bloomberg BMatch system, effective December 2nd, 2024. This move, according to the apex bank, aims to ensure uniformity and seamless trading among market participants. The Bloomberg BMatch platform is designed to enhance the integrity and operational […]
The Central Bank of Nigeria (CBN) has warned members of the public against the activities of fraudsters purporting to be in receipt of award letters of contracts related to construction works and special financial interventions on behalf of the bank. A statement issued on Monday and signed by Hakama Sidi Ali, Acting Director, Corporate Communications, […]
Central Securities Clearing System (CSCS) Plc, Nigeria’s premier capital market infrastructure, has been honoured for its outstanding contributions to the financial services industry. CSCS received the prestigious Capital Market Infrastructure Developer of the Year award, at the 12th Business Day Banks and other Financial Institutions (BAFI) Awards, held last week Friday, at the Lagos Continental […]
The Senate on Wednesday passed the NDIC amendment bill to strengthen the corporation and safeguard depositors’ funds. Its passage followed the adoption of the report of the Senate Committee on Banking, Insurance, and Other Financial Institutions. The bill, titled “Nigeria Deposit Insurance Corporation Act 2023″, was sponsored by Sen. Adetokunbo Abiru (APC-Lagos). Abiru , while […]
Central Securities Clearing System (CSCS) Plc, Nigeria’s premier capital market infrastructure, has been honoured for its outstanding contributions to the financial services industry. CSCS received the prestigious Capital Market Infrastructure Developer of the Year award, at the 12th Business Day Banks and other Financial Institutions (BAFI) Awards, held last week Friday, at the Lagos Continental […]
The 2024 Cybersecurity Conference, organized by the Central Securities Clearing System PLC (CSCS) and the Office of the National Security Adviser (ONSA), has been successfully concluded in Abuja. The event brought together experts from the military, technology, finance, and government sectors to explore how artificial intelligence (AI) can safeguard critical infrastructure against increasingly sophisticated cyber […]
The Central Bank of Nigeria (CBN) has reassured the public of its unwavering commitment to ensuring the stability and reliability of the Nigerian financial system. The apex bank recognises the crucial role that confidence plays in banking operations and wants to affirm that all deposits in Nigerian banks are secure. According to a statement issued […]
The Governor of the Central Bank of Nigeria (CBN), Mr. Olayemi Cardoso, has said that the Bank’s decision to implement the Electronic Foreign Exchange Matching System (EFEMS) is rooted in the understanding that trust is essential to central banking. Addressing members of the Harvard Club of Nigeria in Lagos at the weekend on the topic: […]
The Central Bank of Nigeria (CBN) has sold a total of US$543.5 million (Five Hundred and Forty-Three Million, Five Hundred Thousand US Dollars Only) from September 6th to 30th, 2024, to Authorized Dealers to reflate the direct market. The CBN sold the forex to the dealer banks through two-way quotes at the Nigerian Foreign Exchange […]
