Charles Fakrogha, a stockbroker and Chief Relationship Officer with Foresight Securities & Investment, spoke on the performance of the equities market in the first quarter, Q1, 2018. By Nkiruka Nnorom HOW will you rate activity in the stock market in the last quarter? The quarter started in a positive note, which is a fall-out from […]

THE Central Bank of Nigeria, CBN, has given approval to Africa’s first farmers microfinance bank to operate in the Unit Category in Nigeria.

THE appreciation recorded by the naira in the various segments of the foreign exchange market last week is expected to persist this week, even as the external reserves continued on a downward trend, falling by $177 million in two weeks, due to increased dollar sales by the Central Bank of Nigeria, CBN, in its effort to stem the depreciation of the naira.

Let me give you some historical background. If you look at where Fidelity Bank was as at end of 2013 and where we are today, you would have noticed some marked improvements. 

CONCERNS over the upcoming 2019 general election as well as the cautious stand adopted by Foreign Portfolio Investors, FPIs, and other domestic portfolio managers over the unfolding political events in the country have resulted in a huge loss of N2.35 trillion to equity investors in the last four months.

ABUJA — President Muhammadu Buhari at the weekend approved an amendment to the excise duty rates for alcoholic beverages and tobacco with effect from today, Monday, 4th June, 2018.

We have over fifty insurance companies for a buying population of just 37 million people that we have identified. There used to be very low entry barriers for operators if we go back in history, but it is not a good thing for the industry. 

ACCION Microfinance Bank Limited, AMfB, said it disbursed N19.13 billion as loan in its financial year ended December 31, 2017 while Profit After-tax, PAT, rose by 50 percent.

SHAREHOLDERS of May & Baker Nigeria Plc have cautioned its Board of Directors over its planned Rights Issue in order to prevent under-subscription of the offer.

FMDQ Clear Limited, a wholly-owned clearing and settlement subsidiary of FMDQ OTC Securities Exchange, and Frontclear, a Netherlands-based development finance company, are partnering to facilitate a clearing structure to strengthen the over-the-counter, OTC, market liquidity with the support of a settlement guarantee fund.

INVESTMENT analysts have said that the low equities prices that has resulted from the continuing bearish run in the market has presented an opportunity for bargain hunters, who may re-enter the market this week.

NIGERIANS opened 6.5  million savings accounts in the first quarter of 2018, Q1’18, reflecting the impact of the financial inclusion campaign by banks and the Central Bank of Nigeria, CBN. However, the number of inactive bank accounts rose by 1.6 million or 4.3 percent to 38.3 million during the period from 36.7 million in Q4’17.

MANAGING Director/Chief Executive, Fidelity Bank, Mr. Nnamdi Okonkwo, has assured shareholders that the bank will capitalize on growth opportunities in the Nigerian economy, to deliver better returns in 2018

CENTRAL Securities Clearing System, CSCS Plc and its shareholders have decried the cumbersome process involved in the recovery of unclaimed dividend associated with the death of shareholders from quoted companies in the Nigerian capital market.

LACK of prompt payment of pension accrued rights by the federal government is adversely affecting the smooth running of the Contributory Pension Scheme, CPS, a pension expert has said.