Although market making activities began on the Nigerian Stock Exchange last week, operators have asked regulators to do more to build investor confidence, UDEME EKWERE writes. After months of postponement, market making activities finally began on the Nigerian Stock Exchange last Tuesday. The idea of market making had first come […]
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Shareholders endorse FCMB, FinBank merger
Shareholders of First City Monument Bank Plc and FinBank have given unanimous approval to the business combination of the two banks. A statement from FCMB noted that the approval was given by the shareholders at a court-ordered Extraordinary General Meeting in Lagos on Friday. According to the statement, 99.98 per […]
Inter-bank rates fall
Inter-bank lending rates eased more than 500 basis points on Friday to an average of 10.83 per cent, compared with 16.33 per cent recorded the previous week, after a cash dispersal from the August budgetary allocation to government agencies hit the system. A total of N570bn ($3.62bn) was distributed from […]
