09
OctCBN Reaffirms Commitment to Financial Stability and Depositor Security
The Central Bank of Nigeria (CBN) has reassured the public of its unwavering commitment to ensuring the stability and reliability of the Nigerian financial system. The CBN recognizes the crucial role that confidence plays in banking operations and affirms that all deposits in Nigerian banks are secure. In a circular […]
07
OctMeCure Industries Plc Announces Acquisition of 10% Equity Stake by Zrosk Investment Management Ltd
MeCure Industries Plc has successfully finalized the acquisition of a 10% equity stake in the company by Zrosk Investment Management Ltd. The transaction, conducted off-market, received approval from the Nigerian Exchange Group (NGX). This strategic investment represents a significant milestone for MeCure Industries as it strengthens its capital base and[…]
07
OctStock market returns -0.95% WtD amidst profit taking
The Nigerian stock marketlast week declined by 0.95% as Dangote Cement, MTN Nigeria, BUA Cement and other 30 stocks shed weights. The All Share Index and Market capitalization declined by 0.95% to settle at 97,520.54 and N56.039 trillion respectively. An aggregate of 2.87 billion units of shares were traded in[…]
04
OctCBN introduces Electronic Foreign Exchange Matching System (EFEM) in FX market
The Central Bank of Nigeria (CBN) has announced the introduction of the Electronic Foreign Exchange Matching System (EFEMS) for Foreign Exchange transactions in the Nigerian Foreign Exchange Market (NFEM). This system is set to be implemented no later than December 1, 2024, with a two-week test run scheduled for November.[…]
