CBN drops 10% CRR for Merchant Banks by next month
As part of efforts to drive long term financing, the Central Bank of Nigeria (CBN) has announced a reduction in the Cash Reserve Requirement (CRR) of merchant banks to 10 per cent from the current 32.5 per cent. The apex…
Ecobank wins GTR continental awards for ECOWAS Region
The Leaders in Trade awards highlight excellence in the trade, commodity, supply chain and export finance and fintech markets. Ecobank Group has been named the ‘Best Trade Finance Bank in West Africa’ for the second year in the row. The…
NGX Group woos FG, targets foreign investment inflows
The Board and Management of Nigerian Exchange Group Plc (NGX Group) have said that they are open to working with the Federal government, as well as stakeholders towards improving the country’s credit profile and creating a favorable environment for both…
Just in: Access to mop-up StandChart Bank subsidiaries in Africa
Leading continental financial solutions giant, Access Holdings Plc., is set to expand frontiers. This time, the move signals Access Holdings most aggressive push for expansion beyond its home market Nigeria ever since it teed off operation in Nigeria in 1989…
Harmonised regulations, infrastructure to drive Africa’s competitiveness – NGX
To address the infrastructure deficit currently affecting capital markets in the West African region, Nigerian Exchange Limited (NGX) has stated that a harmonised regulatory environment as well as smart infrastructure will help to drive Africa’s competitiveness in the global market….
NGX RegCO, ICAN sign MoU to grow market regulation, investor protection
In its bid to further enhance the effectiveness of regulation and investor protection in the Nigerian capital market, NGX Regulation Limited (NGX RegCo) signed a Memorandum of Understanding (MoU) with the Institute of Chartered Accountants of Nigeria (ICAN) on Monday,…
NGX Group set to hold 62nd Annual General Meeting
Nigerian Exchange Group Plc (NGX Group) is set to hold its 62nd Annual General Meeting (AGM) on Friday, 14 July 2023, at 11:00 a.m. The AGM, which is in accordance to the provisions of Section 235 of the Companies and…
AfDB, ASEA seal $600,000 deal to deepen African stock exchanges to 15
The African Securities Exchanges Association (ASEA) and the African Development Bank Group on 28 June signed an agreement for a $600,000 grant to expand the number of linked African exchanges from 7 to 15 under the second phase of the…
We are working with stakeholders to reduce settlement cycle – NGX
The Nigerian Exchange Limited (NGX) has revealed that it is working assiduously with the Central Securities Clearing System (CSCS) Plc and other stakeholders to reduce the settlement cycle from T+3 to T+1 over the next few years. This was even…
NGX, CIS, stakeholders honour FCMB’s Subomi Balogun
Nigerian Exchange Limited (NGX), Chartered Institute of Stockbrokers (CIS) and other market stakeholders on Monday held a mock-trading session and Closing Gong Ceremony in honour of late Otunba Subomi Balogun, FCS, CON, the founder of FCMB Group. Speaking during the…
