ASSETS & FINANCIALS

The naira appreciated by N2.85 against the United States dollar at the interbank arm of the forex market to close at N186.30 to a dollar on Wednesday, compared with the N189.15 to a dollar it was this week. The performance …

The Minister of Industry, Trade and Investment, Dr. Oluse­gun Aganga, has assured that the Federal Government has resolved to end importation of petrochemical products by 2018. Aganga, who disclosed this during a courtesy visit to power solutions company, Mikano International …

Apparently irked by the dominance of foreign investors in the nation’s capital market, stakeholders, last week, stressed the need for expansion of local institutional investment capacity to attract more retail participation and spur activities in the primary market segment. This, …

The Securities and Exchange Commission last week expressed its readiness to collaborate with other stakeholders in the market to take the Nigerian capital market to greater heights. The Acting Director-General of SEC, Mounir Gwarzo, said this when he received members …

Lists determinant in equities movement for 2015 UNITED Capital Plc, formerly UBA Capital has released a report, which contains a detailed review of the market in 2014 with projections for 2015, even as the firm listed four major factors expected …

The National Association of Securities Dealers [NASD] Plc, which is the platform for the trading of unlisted securities in the over-the-counter (OTC) has declared total market capitalisation of ₦590 billion, with a nominal value of ₦41 billion as at 31 …

The Implementation Committee on Payment of Power Holding Company of Nigeria (PHCN) Terminal benefits of the Bureau of Public Enterprises (BPE) is set to release time-table for the payments of severance benefits for staff retirees and Next of Kins (NOKs) …

Managing Director of the Nigeria Export Processing Zones Authority, Oluwagbemiga Kuye, said Wednesday, that the Federal Government targets $68.1bn in Foreign Direct Investment from the eight newly-licensed free zones. Kuye said this in Abuja while fielding questions from newsmen. He …

The plunge in oil prices which are down more than $60 since June to below $45 yesterday is reversing gains made by Nigerian bonds since their 2012 inclusion in the JPMorgan global emerging market (EM) bond index as yields soar. …

The Johannesburg Stock Exchange (JSE), South Africa and the Nigerian Stock Exchange (NSE) are forging a new partnership that will lead to more opportunities for investors and companies in the African capital markets. The partnership, according to the Exchanges, will …

The Nigerian Stock Exchange, NSE yesterday said that its target of reaching $1 trillion capitalisation by 2016 is no longer attainable. Chief Executive Officer, NSE, Mr. Oscar Onyema , disclosed this while briefing news men in Lagos on “2014 market …

The Nigeria Customs Service (NCS) raked in about N977.09 billion revenues in 2014 from its target of N1.2 trillion for the year.   According to the service’s summary of monthly revenue figure obtained by NAN in Abuja, the revenue came …

Some capital market operators have said that investors need to work more closely with stockbrokers in order to minimize their risks and increase the returns on their investment. The operators said this while reviewing the activities of the Chartered Institute …

Mr Godwin Emefiele answering questions during his screening by the Senate for Central Bank Governorship in Abuja on Wednesday Meanwhile, the Financial Derivatives Company has predicted 200 basis points drop in inflation to 7.9 percent for November, from 8.1 percent …

The Nigerian equities market maintained its negative trend as the market depreciated for the third consecutive day this week. The market has shed N338 billion in capitalisation this week. Having   resumed  for the  week with a decline, the bears have continued …

The Nigeria Institute of Social and Economic Research last yesterday, called on the Central Bank of Nigeria to discourage all unnecessary charges by Deposit Money Banks for the use of Automated Teller Machines and Point of Sales Terminal. The Director-General …

The overnight lending rate of the interbank market fell to 50 per cent last week from a record high of 70 per cent after the Central Bank of Nigeria (CBN) refunded naira to dealers who participated at a dollar auction …

The Minister of Industry, Trade and Investment, Mr. Olusegun Aganga, has outlined various benefits of adopting the International Financial Reporting Standards to the country, urging companies in the country to adopt them. During his keynote address at a special workshop …

Recently after it revised the 2015 budget oil benchmark price from $78 to $73, the federal government last week again resubmitted the 2015-2017 Medium Term Expenditure Framework (MTEF) with a revised oil benchmark of $65 a barrel, effectively slashing next …

The naira rose sharply against the dollar last week as the Central Bank of Nigeria (CBN) intervened three times to lift the nation’s currency from yet another record intra-day low, some dealers revealed. The naira closed at N181 against the …