The Nigerian naira traded at N572 per dollar on Monday at the parallel section of the foreign exchange market. The figure is higher by N2 or 0.4 percent from the N570 it traded two weeks ago. Bureaux De Change operators…
GTCO completes acquisition of funds management, pension firms
Guaranty Trust Holding Company Plc said on Monday that it had completed the acquisition of 100 per cent equity stakes in Investment One Pensions Managers Limited and Investment One Funds Management Limited from Investment One Financial Services Limited. A statement…
FIRSTBANK REWARDS CUSTOMERS IN ITS VISA GOLD CASHBACK CAMPAIGN
In furtherance of its appreciation of customers, whilst promoting the adoption of mobile payment solutions in the country, FirstBank is rewarding holders and customers of its branded Visa Gold card in its ongoing Visa Gold card. The promo which will…
Nigerian stocks gain N226.1 billion as corporate scorecards excite investors
NGX Group led the advance, drawing support from GTCO and oil palm processor Presco. Nigerian stocks got off to an optimistic start on Monday, adding 0.91 per cent or N226.1 billion as the earnings season, so far marked by broadly…
FG’s multi-tranche $4bn Eurobonds listed on NGX
Nigerian Exchange Limited (NGX) says the Federal Government of Nigeria (FGN) has listed $4 billion Eurobonds on its platform. NGX disclosed this on Monday on its official Twitter handle. Eurobond issuances are debt instruments denominated in a different currency than…
CBN set to unveil new market-driven FX framework
The Central Bank of Nigeria (CBN) plans to introduce a new market-driven foreign exchange regime, the Governor, Mr Godwin Emefiele has announced. According to him, the new forex regime would open up greater opportunities to grow the manufacturing sector and…
FIRSTBANK’S SMECONNECT PORTAL COULD BE THE DIFFERENTIATOR FOR SMES IN NIGERIA
Over a hundred years since banks came into Nigeria, services rendered to small and medium scale businesses were limited to core banking services and transactions. However, those that cared to look further were able to stand the test of time,…
Naira slips further at official market
The currency has not moved significantly in the last few weeks. Naira fell slightly against the U.S. dollar at the official market on Monday, extending its depreciation at the spot market segment to a second day. Data posted by the Central…
Autogas: FG to convert 200,000 vehicles, plans 580 refueling centres
• Promises 50% infrastructural support to oil marketers The Federal Government on Monday met with oil marketers in the downstream sector to perfect plans for the full deployment of autogas in filling stations and the conversion of 200,000 commercial vehicles…
Cautious trading plunges market indices in red as investors lose N12bn
Transactions at the Nigerian Exchange (NGX) Limited started the new trading week in the negative territory as the value of 26 stocks depreciated on account of cautious trading by investors. The market had gained 3.38 per cent with investors gaining about…