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CBN debits accounts of fined banks over MTN’s ‘illegal’ repatriation

CBN debits accounts of fined banks over MTN’s ‘illegal’ repatriation

The Central Bank of Nigeria (CBN) has debited the accounts of three banks in relation to the fine placed on them for allegedly helping MTN repatriate $8.1 billion illegally. In The post CBN debits accounts of fined banks over MTN’s ‘illegal’ repatriation appeared first on TheCable.

NSE: Trading resumes on downward trend, down by 0.12%

NSE: Trading resumes on downward trend, down by 0.12%

The Nigerian Stock Exchange ( NSE ) market indices resumed for the week on Monday on a negative trend dropping by 0.12 per cent. The market capitalisation dipped N18 billion or 0,12 per cent to close at N14.724 trillion in contrast with N14.742 trillion posted on Friday. Also, the All-Share Index which opened at 40,814.89Read More
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Sterling Bank reports N8.5bn profit in 2017

Sterling Bank reports N8.5bn profit in 2017

Sterling Bank Plc on Tuesday reported a profit after tax of N8.5 billion for the financial year ended Dec. 31, 2017. The profit after tax was higher by 65 per cent when compared to N5.2 billion declared for the corresponding period of 2016. The bank also posted gross earnings of N113.5 billion in contrast withRead More
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NSE market indices record marginal loss of 0.09%

Activities on the Nigerian Stock Exchange ( NSE ) closed on Thursday on a downward trend with the market indices dropping marginally by 0.09 per cent. The All-Share Index closed lower at 37.76 points or 0.09 per cent to close at 40,808.48 compared with 40,846.24 achieved on Wednesday. Also, the market capitalisation which opened atRead More
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No controversy over lifting Oando ‘s technical suspension, says SEC

The Secuties and Exchange Commission ( SEC ) yesterday clarified that there was no controversy over the lifting of the suspension on trading in the shares of  Oando Plc. The SEC also explained why it directed the Nigerian Stock Exchange ( NSE ) to lift the technical suspension placed on the shares of Oando Plc. Read More
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Oando: Confusion trails NSE’s lifting, reversal of technical suspension

Oando: Confusion trails NSE’s lifting, reversal of technical suspension

The Nigerian Stock Exchange ( NSE ) on Wednesday lifted the technical suspension placed on Oando shares with the Securities and Exchange Commission ( SEC ), ordering a reversal three hours later. Confusion trailed the action of the exchange and SEC with market operators and shareholders calling on the Federal Government to intervene in theRead More
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NSE indicators rebound by 0.17%

NSE indicators rebound by 0.17%

The market indicators of the Nigerian Stock Exchange ( NSE ) on Tuesday rebounded by 0.17 per cent following gains by Mobil and Dangote Cement. All-Share Index rose by 69.86 points or 0.17 per cent to close at higher at 40,499.04 compared to 40,429.18 posted on Monday. Also, the market capitalisation inched N25 billion orRead More
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