Nigeria’s True FX Reserves Revealed in CBN’s Accounts—Cordros Securities
Leading financial market monitoring firm, Cordros Securities has averred that before now, there have been divergent opinions on the actual state of Nigeria’s FX reserves, given that the CBN only publishes the gross FX reserves without comprehensive information on FX…
NGX, CSCS, Euroclear to create dollar settlement platform for Fintechs
…urges FG to create enabling policies to attract listings Nigerian Exchange Limited (NGX) has disclosed that it is working with the Central Securities Clearing System (CSCS) Plc and Euroclear to create a dollar settlement platform that will enable tech startups…
Ecobank warns customers over cybersecurity
Leading pan African financial giant, Ecobank has called on its customers to always be careful and cautious of their banking details. In a message to its customers, the bank said “Identity theft occurs when criminals steal your personal information to…
Zenith Bank, AfCFTA Sign $1m Smart Portal Trade Understanding
Zenith Bank Plc, on Tuesday, signed a Memorandum of Understanding (MoU) with the African Continental Free Trade Area (AfCFTA) to build a smart portal for trade on the African continent. Under the arrangement, Zenith is to fund the single portal…
SEC, PENCOM, NGX plan Webinar on Securities Lending
In line with its commitment to enhance investor participation in the Nigerian capital market, boost secondary market liquidity, and facilitate savings mobilization to drive economic growth, Nigerian Exchange Limited (NGX) in collaboration with the Securities and Exchange Commission (SEC) and…
NGX facilitates FG’s infrastructure drive, admits DMO’s N130bn Sukuk
Nigerian Exchange Limited (NGX) announces the listing of the Federal Government’s N130 billion Sovereign Sukuk through the Debt Management Office (DMO) on its platform. The 10-year 15.64% Ijara Sukuk due 2032 was listed on NGX today, Thursday, 3 August 2023….
Access Bank flags off DiamondXtra Season 15, targets many customers
Access Bank has unveiled the Season 15 of its DiamondXtra Savings Promo at a well-attended event held at the bank’s Computer Village branch, Ikeja Lagos. Tagged XtraAwoof Season, the bank said the promo is part of an effort aimed at…
NGX partners UK government’s MOBILIST programme
Nigerian Exchange Limited (NGX) will partner with the UK government’s Mobilising Institutional Capital Through Listed Product Structures (MOBILIST) programme to enable greater investment toward achieving the United Nations Sustainable Development Goals (SDGs) in Africa through products listed on the Exchange….
NITDA warns on DDOS attack targeting critical national infrastructures
The National Information Technology Development Agency (NITDA), through its Computer Emergency Readiness and Response Team has detected activities of a hacktivist group targeting our vital digital infrastructure. The hacktivist group, known for its politically and religiously motivated cyber campaigns, poses…
Tinubu silent on repairing refineries, instant palliatives—Nigerians
Whereas majority of Nigerians who reviewed the address of President Bola Tinubu to the nation last night have argued that his silence over the state of the refineries is very disheartening. They also decried his quietness on providing instant palliatives…
