By Joy Obakeye and Temitope Adebayo The unorthodox foreign exchange policy of the Central Bank of Nigeria (CBN) has adversely impacted on the naira stability across all markets, and created huge premium between official and parallel market rates, the President of the Association of Bureau De Change Operators of Nigeria (ABCON), Aminu Gwadabe, has said. […]
MOTOLANI OSENI Trading activities on the Nigerian Exchange Limited (NGX) on Monday opened the new week on a negative note with a decline of 0.10 per cent, following profit-taking in Banking stocks. In summary, the All-Share Index (ASI) shed 36.49 basis points, representing a decline of 0.10 per cent to close at 38,287.58 basis points, […]
The Acting Director General of the Securities and Exchange Commission (SEC) Dr. Abdul Zubair has restated his commitment to workers welfare in order to ensure peace and harmony in the organization. Zubair said this when he received executive members of the Association of Senior Civil Servants of Nigeria (ASCSN) led by its Secretary General Comrade […]
….pledges support to association The newly appointed acting Director General of the Securities and Exchange Commission, Dr. Abdul Zubair has lauded the Capital Market Correspondents Association of Nigeria (CAMCAN) for its contributions to a more resilient and steadily growing capital market. Zubair, who gave the welcome address at the 2017 edition of the annual CAMCAN […]
….As Naira steadies across FX markets, lifted by $287.9 The Nigerian Autonomous Foreign Exchange (NAFEX) widow, recorded total turnover trade of $1.06 billion in just one week, between Monday 20 November and Friday 24 November 2017, findings by the Daily Times Nigeria have revealed. However, the Naira, at the end of Friday sustained the slightly […]
The Securities and Exchange Commission (SEC) Capital Market Committee (CMC) has sustained effort at building a formidable market. However, the commission’s effort continues to encounter resistance thereby limiting accomplishments. The commission, through the CMC, has however laid out many good initiatives, such as review of the market laws, e-dividend registration, stoppage of cheque, e-dividend payment, […]
Stakeholders of the Nigerian capital market have called for transparency in the ongoing demutualization process of the Nigerian Stock Exchange (NSE). The process seeks to transform the exchange into a public company. The stakeholders, who spoke to Daily Times Nigeria, said that the process of demutualizing the exchange plays a major role in determining the […]
The adage that “tough times do not last, tough people do’’ is fast becoming the experience of Nigeria in its fight against economic recession. It is also relevant to confirm the saying that “God is a Nigerian’’ in the sense that the speed at which the nation is coming out of recession remains unprecedented, indicating […]
….Sokoto, Edo plants to be commissioned in 2018 The Chairman of BUA Group, Alhaji Abdulsamad Rabiu, has said that his firm will soon increase cement output in the country, as he plans to expand the company’s facilities in order to make more cement available for local consumption. He said, “We will be inaugurating our Sokoto […]
In a small street of Ajagun Kusimi in Ijegun, and its environs, in Alimosho Local Government Area of Lagos, studies show shops are easily abandoned by their owners barely one year after commencing businesses. Some identified micro businesses that have closed shops in this small neighborhood, which is a sub-urb of Lagos, cut across, fashion […]
31st December 2017 represents an important date in Nigerian capital market. The date has been fixed by the Securities and Exchange Commission (SEC) as deadline for free –dividend mandate registration and also deadline for multiple account regularization. Investor usually buy shares in the capital market either from the primary market or the secondary, market, it […]