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Lagos
Wednesday, January 15, 2025
Unlearn to Succeed: Key to Excel as Stock, Crypto, FX Trader When most people think of trading, they envision a world where sharp analysis, quick reflexes, and an ability to predict market movements are paramount. While these technical skills are undoubtedly crucial, there’s a deeper, often overlooked aspect of trading...
Interest Rate on Nigerian OMO Bills Declines Interest rate on Nigerian OMO Bills declined amidst strong investors’ appetite for the naira assets at the primary market auction. At the last auction conducted in 2024, the Central Bank of Nigeria (CBN) set lower spot rates for OMO bills amidst rising appetite. Foreign...
Stanbic IBTC Insurance Passes Audit Certification Stanbic IBTC Insurance Limited announced that it has successfully passed a comprehensive audit, which has resulted in the issuance of an IQNET-recognised certificate. The company said in a statement that he certificate confirms that Stanbic IBTC Insurance tLimited has implemented and maintained a Quality Management...
The average yield on Federal Government of Nigeria (FGN) bonds saw a marginal increase in the secondary market over soft sell pressure, resulting in a slight uptick in the average yield to 19.75%.
Innovation Key to Commodities Development – SEC The Securities and Exchange Commission (SEC) says it is committed to promoting innovation and collaboration to position commodities exchanges as vital drivers of economic growth. This is contained in a notice by the Director-General of SEC, Dr Emomotimi Agama, said on Sunday in Abuja....
Equities Investors See N609 billion Gain on Nigerian Exchange Equities investors on the Nigerian Exchange (NGX) trading platform gained about N609 billion last week in the local bourse. The market ended the week with investors picking stocks with upside potential amidst Christmas celebrations. The local bourse keeps the trajectory uptrend,...
FBN Holdings Rights Issue to Close in 3 Days Diversified financial services group, FBN Holdings Plc., rights issue of 5,982,548,799 ordinary shares at 50 kobo each, priced at N25.00 per share, would be closed on 30 December. In a bid to recapitalise, the group launched its rights issue to allow shareholders...
Stanbic IBTC Bank has solidified its position as the leading Bank for capital importation in Nigeria, capturing an impressive 28.30% of total foreign capital inflows worth about $2 billion in the first nine months of 2024.
Opponents of Tax Reform Enemies of Nigeria — Okupe A former presidential spokesman Dr Doyin Okupe says opponents of the proposed Tax Reform Bills are enemies of the country, saying the bills are pro-poor and pro-development. Okupe, in an interview with the Newsmen  in Lagos, said that no right thinking person...
Naira Mixed as CBN Turns Aggressive with FX Interventions The naira exchange rates mixed across foreign exchange markets ahead of holiday as the authority flooded banks with US dollars. The Central Bank of Nigeria (CBN) embarked on aggressive US dollar sales to local banks to ease pressure on the exchange...