July 4, 2020
  • July 4, 2020

Nigerian Stock Index Up 1.91 % To Five-Week High On Banking Gains

by on November 14, 2019 0

Investors’ appetite for banking stocks pushed up the Nigerian Stock Exchange (NSE) main index to a five-week high as the all-share index rose 1.91 percent on Thursday. Stockbrokers said investors’ hunger for banking stock was driven by the restriction of individual and institutional investors’ from buying local debt by the central bank. At Wednesday’s...

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Ex-NCC Boss Ndukwe To Quit Access Bank Board

by on November 5, 2019 0

A former executive Vice Chairman of the Nigerian Communications Commission (NCC) Ernest Ndukwe has resigned his position as a director of Nigerian biggest bank by assets Access Bank Plc, effective from March 2020, the lender announced on Tuesday. Ndukwe joined the board of Access Bank as an Independent Non-Executive Director in January 2013. In...

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African Export-Import Bank Delays IPO Over Unfavorable Markets

by on October 29, 2019 0

African Export-Import Bank has postponed an Initial Public Offering (IPO) on the London Stock Exchange until equity markets improve. “Despite significant interest in the bank from investors, in light of unfavorable market conditions, it has decided to postpone the proposed initial public offering at this time,” the Cairo-based lender said in a statement Tuesday....

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