Capital Market

Diaspora remittances hit $21b, says KPMG

With a yearly growth rate of three per cent over the past five years and $21 billion inflow of personal remittances last year, Nigeria is the fifth largest remittance receiver worldwide in terms of volume, a KPMG report has shown. The Banking Industry Customer Satisfaction Survey 2014 by the firm […]

NASD OTC out to stop investor abuse –Ajomale

The Managing Director and Chief Executive Officer, NASD Plc, Mr. Bola Ajomale, has said one of the major objectives of its over-the-counter market for unlisted securities is to protect investors from the abuse and exploitation they suffered in the past. The NASD MD said this on Thursday when he visited […]

Nigeria’s 2024 bond to be added to JP Morgan bond index on Aug. 29

Nigeria’s 2024 bond will be included in JP Morgan’s Government Bond Index-Emerging Markets (GBI-EM) on August 29, in addition to three other bonds already listed, a JP Morgan internal document released on Thursday showed. The 10-year bond yield fell 22 basis points on Thursday’s trade to 11.97 percent on the […]