By InvestAdvocate Lagos (INVESTADVOCATE)-The Central Bank of Nigeria (CBN) on Wednesday directed banks to henceforth compute their Net Open Position (NOP) on a daily basis and forward same to the CBN. This is contained in a circular with reference number BSD/DIR/GEN/LAB/08/006 dated January 28, 2015 and signed by Tokunbo Martins, […]
Capital Market
Develop infrastructure with capital market funds —Experts
Regulators, operators and other stakeholders in the Nigerian capital market have emphasised the need for governments at all levels to source funds for capital projects from the market. The stakeholders, who said the capital market was best suited for infrastructure financing, stressed that given the current economic challenges facing the […]
Equities Halts 2-Day Bullish Run Amidst Sell-offs on Banking, Consumer Goods
By Yakubu LAAH InvestAdvocate Lagos (INVESTADVOCATE)-The Nigerian equities market on Thursday halted a two-day bullish run as all-share index (ASI) declined 0.89 percent to close at 29,642.36 points, while market capitalisation lost N88.36 billion to close at N9.87 trillion. Sell-offs in the Banking and Consumer Goods sectors erased the gains […]
