Economy & Market
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149Recapitalisation: SEC to Slam ₦1.1m Fine on Non-compliant Financial Institutions
In an effort to enforce capital adequacy standards and protect investors, the Securities and Exchange Commission (SEC) announced a N1.1 million fine...
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229Nigeria’s Banking Crisis: The Role of CBN, Economic Impact and Lessons Learnt
On January 10th, 2024, the Central Bank of Nigeria (CBN) dissolved the boards and management of Union Bank, Keystone Bank, and Polaris...
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291Economic and Market Report: Week Ended 21-06-2024
Global Economy According to the Office for National Statistics (ONS), headline inflation in the UK slowed by 30bps to 2.0% y/y in...
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264NGX All-Share Index Down 0.18%
During the holiday shortened week, selloff in MTNN (-2.67%w/w), ZENITHBANK (-0.28%w/w), TRANSCOHOT (-9.98%w/w) were the primary drivers of the weak performance of...
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112
SEC Probes Fund Managers’ Exposure to Heritage Bank
The Securities and Exchange Commission (SEC) has said it has commenced an investigation into fund managers’ exposure in Heritage Bank Limited after...
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139Mixed Performance at the Exchange
EQUITIES The Nigerian equities market traded with mixed sentiments, as gains in GTCO (+4.4%) and TRANSCORP (+6.2%) offset the loss in TRANSCOHOT...
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146Domestic Bourse Starts Week on Negative Note
EQUITIES The domestic bourse started the week on a negative note as sell pressures on MTNN (-2.7%) triggered a 0.1% decline in...
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141FG Signs $3.5b Deal with Afreximbank to Boost Industrial Sector
In a significant move to bolster the textile industry and advance the usage of Compressed Natural Gas (CNG) vehicles, the Federal Government has...
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243Wema Bank Concludes First Tranche of Capital Raising
Wema Bank has successfully concluded the first tranche of its recapitalisation exercise having secured all relevant regulatory approvals for the allotment of...
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450Economic and Market Report: Week Ended 14-06-2024
Global Economy According to the Bureau of Labor Statistics (BLS), United States headline inflation fell below market expectations (3.4% y/y) as it...
