Nigerians have been called upon to ensure that the recent controversies over the suspension of the Governor of the Central Bank of Nigeria (CBN) are not allowed to distract the apex Bank from effectively discharging its mandate to the Nigerian people.
Available data from the National Bureau of Statistics (NBS) showed that gross domestic product (GDP) was estimated to have grown by 7.7 per cent in the fourth quarter of 2013, compared with 6.8 per cent in the preceding quarter. The development was driven
The Bank of England has published a Consultation Paper on its approach to supervising international banks. This sets out how the Prudential Regulation Authority (PRA) will supervise UK branches of banks based outside the European Economic Area (EEA) and a
The Nigerian Stock Exchange (NSE) in its latest release of the Status of Dealing Member Firms classified all dealing member firms into four categories viz Active, Inactive, Unactivated and Revoked Licences. The publication was released yesterday, 24th of
The Nigerian Stock Exchange (NSE) has announced that it will discontinue the old trade notification system, Trade Alert and introduce a fresh notification system known as X-Alert to all its investors in March 2014.
Distinguished ladies and gentlemen and members of the Press, good afternoon and welcome to this press briefing. I believe you are all aware of the developments in the Bank in the last 24 hours, which has necessitated this very important briefing.
The Board of the International Organization of Securities Committees (IOSCO) met in Kuala Lumpur this week to drive its work on key issues facing global financial markets and securities regulators. Malaysian Prime Minister Najib Razak, who delivered a spe
This is to inform all Authorised Dealers, Nigeria Customs Service (NCS), Standards Organization of Nigeria (SON), and National Agency for Food, Drug Administration and Control (NAFDAC) that the meeting of Foreign Exchange Officers of banks has been schedu
The Nigerian Stock Exchange presents this memorandum to the Senate Committee on Banking, Insurance and Other Financial Institutions on the Asset Management Corporation of Nigeria (AMCON) Act, 2010 (Amendment) Bill, 2014 ("AMCON Amendment Bill"). The objec
Quoted companies on The Exchange are required to file their financial statements on a timely basis in accordance with Appendix 111 of the Listing Rules. The Exchange has identified the companies listed on Schedule One as companies that have exceeded the m
The Central Bank of Nigeria on Friday inaugurated Bank Verification Number to revolutionise banking and payment systems in the country. The BVN is a biometric authentication of bank customers using Point of Sale and Automated Teller Machines.
Growth in the major monetary aggregate remained sluggish at the end of the review month. Available data indicated mixed developments in banks deposit and lending rates in November 2013. The value of money market assets outstanding declined, owing, largel
A monetary policy shift tends, generally, to transmit a change for the future in the expected behaviour of macroeconomic variables from their initial position, alter in the process the behaviour of economic agents and, finally, create a new equilibrium po
This is to draw the attention of all public companies in Nigeria to the provisions of Section 54 (1) of the Investments and Securities Act No. 27, 2007 and Rule 279 (1) (a) of the SEC Rules and Regulations, to the effect that all securities of public co
On a monthly basis, The Nigerian Stock Exchange polls trading figures from major custodians and market operators on their foreign portfolio investments (FPI). The table below shows an analysis of transactions on The Exchange between January and December 2
Further to the market bulletin sent on January 29, 2014 on the closure of register for ARM Funds, the Fund Managers have notified the Nigerian Stock Exchange that in agreement with the Trustee, the ARM Discovery Fund and ARM Aggressive Growth Fund registe
It gives me great pleasure to welcome everyone here to this Breakfast Briefing, on the Corporate Governance Rating System (CGRS), which is a joint project of The Nigerian Stock Exchange and the Convention on Business Integrity (CBi). The CBi was establish
The Nigerian Stock Exchange (NSE) is the latest bourse to be admitted by the Intermarket Surveillance Group (ISG) as the alliancerecently informed The NSE that its application to join the ISG was successful after a rigorous review process. The admission o
In exercising its regulatory oversight and maintaining sanity among dealing members, the Nigerian Stock Exchange sanctioned several dealing member firms for breach of various rules and regulations governing their operations.
As The Nigerian Stock Exchange (NSE) gears up its effort of ingraining Corporate Integrity into the fabric of its listed companies through the establishment of a Corporate Governance Rating System, the Exchange together with the Convention on Business Int
As part of the initiatives to establish financial stability within the Financial Services Industry and the Finance Company sub-sector in particular, the CBN undertook a review of the Guidelines for Finance Companies. These Revised Guidelines are issued by
Pursuant to the need to identify and adopt global IT Standards which would provide guidelines for and serve as reference points in ensuring the quality of IT service delivery in the Nigerian Banking Industry, through the IT Infrastructure Transformation p
Global output was projected to grow at 3.1 per cent in 2013, the same rate as in 2012, owing to weak demand and growth in major emerging economies, persisting crisis in the Euro area, and weak expansion of the US economy. These factors, combined with impr
Macroeconomic indicators in 2013 remained mostly consistent with the second half of 2012. Key indicators such as gross domestic product (GDP), inflation and exports, as well as capital market indicators all moved in the positive direction. Nigerians were
The Securities and Exchange Commission wishes to draw the attention of all operators in the Nigerian Capital Market to the ruling of the Court of Appeal Lagos, delivered on December 9, 2013 in Suit No. CA/L/178/2011 – KPMG Professional Services & Guinness
In order to ensure consistency and for more effective regulatory oversight, it has become necessary to adopt a uniform accounting year end for all Dealing Members of The Exchange. Following consultations with Dealing Members, December 31 has been adopted
On a monthly basis, the Exchange polls trading figures from major custodians and market operators on their foreign portfolio investments (FPI). The table below shows an analysis of transactions on The Exchange between January and November 2013.