CIBN seeks stakeholders, bank customers’ adoption of GSI policy
The Chartered Institute of Bankers of Nigeria (CIBN), has called on banks’ customers and stakeholders in the banking industry to adopt the Global Standing Instruction (GSI) Policy for Non-Performing Loans (NPLs)
Experts see growth as panacea to nation’s economic woes
Experts in the nation’s capital market have described economic growth as panacea to most of Nigeria’s challenges, urging government to be strategic, if it wants to fast-track the country’s development. They argued that Nigeria is currently facing huge growth challenge, noting that there was need to identify priority sectors and create incentives and palliatives…
Firm designs mobile app to ease shareholders’ registration process, others
At the unveiling ceremony of the App, in Lagos, at the weekend, the Managing Director/CEO, Bayo Olugbemi, said with the Mobile App, shareholders and investors now have instant and unlimited access to their shareholdings, and other related information about their shares, dividends....
Capital market experts list expectations from government
Stakeholders in the capital market have identified high interest rate, parlous infrastructure, multiple taxation, and many others as major factors impeding growth of the market. They urged...
Investors urge market regulators to ensure transparency in post-demutualisation
Capital market stakeholders, investors have urged the regulators to ensure that share allotment is done in a transparent manner to boost post demutualisation.
Kudos, knocks as SEC threatens to revoke registration of experts
Capital market stakeholders have expressed divergent views on the threats by the Securities and Exchange Commission (SEC), equities market regulator, to revoke the registration of about 400 market experts that failed to provide companies information latest by July 31st.
High dividend payouts fail to attract more investors to capital market
Attempts by quoted companies to woo investors with high dividend payouts have not yielded the desired result, as capital market investors blame investment apathy and illiquidity for the poor performance and low share prices and market capitalisation at the Nigerian Stock Exchange (NSE).
Fitch affirms Nigerian banks’ profitability
Fitch Ratings has affirmed that Nigerian banks remain profitable despite the challenging macroeconomic environment and the consequent rise in their debtors’ inability to honour their loan obligations.
ICMR seeks regulatory permission to earn fee on all secondary market transactions
The President of the institute, Bayo Olugbemi explained that the registrars were not insulated from the harsh operating environment witnessed in the country.