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All posts by Afolabi Ogunde

  • CBN Inaugurates 37 Licensed Micro-Finance Banks In Kano

    THE Central Bank of Nigeria (CBN) has granted licence to Kano State government to establish 37 micro-finance banks in the state. The Governor of CBN, Sanusi Lamido Sanusi made this known during the inauguration of the 37...

    • Posted January 12, 2013
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  • More Foreign Investors To Take Positions In Stock Market – Analysts

    Analysts that track the activity and fundamentals of the Nigerian Stock Exchange are of the opinion that more foreign investors will take positions in 2013. Meristem Securities Analysts said investor confidence was returning due tot he strong...

    • Posted January 11, 2013
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  • Final winners emerge in Ecobank promo

    Final set of winners on Thursday emerged at the Ecobank ‘Win Big Promo’ with Green James Rose of King Jaja branch in Bonny, Rivers State, winning the grand prize – a Nissan sports utility vehicle. Rose emerged...

    • Posted January 11, 2013
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  • Nigerian Stock Exchange Watch: Banking Sub-Sector Profit Takers Cause ASI (-0.9%) Dip

    The Nigerian Stock Exchange Watch dipped in today’s session as a result of the activities of profit takers on the banking sector. Some speculators were in the mood to turn some of their big gains into cool...

    • Posted January 10, 2013
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  • Ecobank To Sell Shares, Bonds To Meet Capital Requirements

    Ecobank Transnational Incorporated has disclosed that it will sell shares, and bonds in order to meet rising capital requirements in the African countries where it operates. Ecobank has operations in 33 African countries, and many of these...

    • Posted January 10, 2013
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  • Domestic Investors Shore Up Confidence In Equity Market

    Domestic investors have increased their participation in the Nigerian Stock Exchange transactions to 40%, leaving only 60% for foreign investors. This development has signaled a boost of confidence among indigenous Nigerians and local institutions concerning the equities...

    • Posted January 10, 2013
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  • CBN Worried About Capital Flight

    The Central Bank of Nigeria (CBN) has raised alarm concerning the heightened potential for capital reversal in the country. According to the External Sector Development Report issued by the CBN, foreign inflows of capital increased 77% from...

    • Posted January 10, 2013
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  • Nigerian Stock Exchange Watch: ASI (-0.46%) Succumbs To Profit Takers, UBA (+9.92%) Resilient

    The All Share Index succumbed to profit takers in today’s market, losing 46 basis points. The banking sector was depressed, it recorded 10 losers versus 3 winners. UBA (+9.92%), and Diamond (+1.97%) were the only notable bank...

    • Posted January 9, 2013
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  • CBN To Assess Bank Chiefs Periodically For Fitness

    The Central Bank of Nigeria (CBN) in a new banking supervision policy, has stated that it will review the performance of bank chief’s every two year in order to ascertain if they are fit and proper to...

    • Posted January 9, 2013
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  • FBN Microfinance rewards customers

    FBN Microfinance Bank, a subsidiary of First Bank Nigeria Plc, has rewarded customers who have been part of the ‘My Daily Savings’ product. The bank, in a statement made available to our correspondent on Tuesday, said prize,...

    • Posted January 9, 2013
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