After leaving a job in investment management in San Francisco, Amanda Holden now teaches women of all income levels to invest. She wants her students to know that investing is within their capacity. Successful investing always begins with identifying the goal for the money. Then, you find the appropriate investmentsRead More →
CBN reduces charges applicable to bank accounts, electronic transfers, and Automated Teller Machines (ATM). Electronic transfers below N5,000 will attract a maximum charge of N10; transfer from N5001 – N50,000 – N25; and transfers above N50,000- N50. CBN says the new charges will further allow bank customers to embrace electronicRead More →
Sovereign Trust Insurance Plc has listed additional 4.17 billion ordinary shares of 50 kobo each on the Nigerian Stock Exchange (NSE), the last step in its recent capital raising process. Head, Listings Regulation Department, Nigerian Stock Exchange (NSE), Godstime Iwenekhai, stated that the additional shares arose from the company’s recentRead More →
In furtherance of CBN’s quest to make financial services more accessible and affordable to various stakeholders in the economy, the Central Bank of Nigeria (CBN) on Sunday, reduced the withdrawal fee charged for the use of other banks’ Automated Teller Machines from N65 to N35. The new guideline signed byRead More →
The Senate on Wednesday approved the sun of N140,383,591,000 for the Nigerian Communications Commission (NCC) for the 2020 fiscal year. The approval came following consideration of the report of the Senate Committee on Communications during plenary. Chairman of the Communications Committee, Senator Oluremi Tinubu, while giving a breakdown of theRead More →
Specifically, the All-Share Index dropped 24.92 points or 0.10 per cent to close at 26,090.88 compared with 26,115.60 recorded on Monday. In the same vein, the market capitalisation lost N10 billion to close at N12.596 trillion in contrast with N12.606 trillion on Monday. A breakdown of the price movement chartRead More →
…As Receiver/manager takes over assets of Stallion Nigerian company A Federal High Court sitting in Lagos south west Nigeria has granted an order protecting the Receiver /Manager appointed by Guaranty Trust bank Plc, Mr Gbenga Akinde- Peters to take over all fixed and floating assets of Stallion Nigeria Limited companyRead More →
The Central Bank of Nigeria (CBN) is reportedly set to increase banks’ Loan to Deposit Ratio (LDR) to 70% by 2020. According to a report published on Vanguard, the disclosure was made by CBN Director, Banking Supervision, Mr. Hassan Belllo while speaking at the 2019 workshop for Finance Correspondents andRead More →
