29
SepThe recent reforms in the Nigerian Insurance Sector, particularly the ongoing recapitalistion exercise has transformed the performance of insurance firms listed on the Nigerian Exchange (NGX) significantly. Thanks to the new government policy, prices of insurances stocks are no longer in kobo; they have actually moved to above N1. In a matter of days, the third quarter […]
24
SepThe Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) has reduced the Monetary Policy Rate (benchmark interest rate) to 27% from 27.5%. The asymmetric corridor around the MPR was retained at +260 and -250 basis points. The liquidity ratio was left unchanged at 30 percent. The MPC also reduced the cash reserve requirement to[…]
24
SepAirtel Africa Plc has entered into new arrangements with Barclays Capital Securities Limited to support its ongoing share buy-back programme, including during the forthcoming closed period. The total size of the programme remains unchanged. The Company had earlier, on 14 May 2025, announced the commencement of the second tranche of its share buy-back for up to $55[…]
