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NSE inducts 39 new brokers

The Nigerian Stock Exchange (NSE) today inducted 39 recently qualified Dealing Clerks of the Exchange, with a charge to them to uphold the highest level of ethics and sense of responsibility.

In his opening remarks, the Chief Executive Officer of the NSE, Mr. Oscar N. Onyema, OON, congratulated the new inductees on passing the rigorous screening […]

By |October 12th, 2016|Uncategorized|0 Comments

NSE Receives Award for Promoting Financial Literacy

The Nigerian Stock Exchange on Friday, May 27, 2016, received the “Corporate Achievement Award to a Financial Institution” at the inaugural annual Financial Literacy Excellence (FILEX) Awards. The Award which is aimed at celebrating and recognizing leadership and innovations that promote financial literacy in Nigeria was presented to the Exchange for its annual essay competition […]

By |June 24th, 2016|De-Lords Financial News|0 Comments

NSE HOLDS 55TH ANNUAL GENERAL MEETING

The Nigerian Stock Exchange held its 55th Annual General Meeting (AGM) on June 23, 2016, at the NSE Event Centre, Stock Exchange House, Lagos. The Report of the National Council, the Financial Statements of The Exchange as at 31 December 2015, and the Report of the Auditors were presented to the Members as part of […]

By |June 24th, 2016|De-Lords Financial News, Uncategorized|0 Comments

Market Outlook 2016

Market Outlook 2016
The poor performance of the market was hinged on a number of issues which includes: the tapering of Quantitative Easing by the United States in 2014 which had a negative impact in 2014, the general slowdown in global economy which poses considerable headwinds for emerging economies like Nigeria, lower global oil prices that […]

By |June 1st, 2016|De-Lords Financial News|0 Comments

NSE EXTENDS TRADING HOURS

NSE Extends Trading Hours
Monday, April 18, ​2016

The Nigerian Stock Exchange (NSE) today reported it experienced a disruption to its trading services.  The Exchange noted that throughout the incident it maintained open communication with the trading community. However, trading recommenced at 2.15p.m and was extended to 4.00p.m. (from the usual time of 2:30 pm) in order to […]

By |April 21st, 2016|Uncategorized|0 Comments

SKYEBANK Announces CBN Imposed N4b

Skye Bank Plc wishes to notify that it received a letter reference no. EVD/GOV/CON/CMB/14/057 dated November 6, 2015 from CBN where in CBN imposed a penalty of N4bn on the Bank for failing to render appropriate returns on some MDA moneys as required by the CBNs’ communication dated October 14, 2015.

We wish to provide clarification […]

By |October 18th, 2015|De-Lords Financial News|0 Comments

Use of BVN for FOREX Transactions

The Central Bank of Nigeria (CBN) recently mandated all banks and licensed Bureaux de Change (BDCs) operating in Nigeria to provide Bank Verification Numbers (BVN) as part of the requirement for the sale of foreign exchange to their customers. It has however come to our notice that some customers are reluctant in disclosing their […]

By |October 18th, 2015|De-Lords Financial News|0 Comments

Central Bank affirms why FRCN is WRONG about StanbicIBTC

CBN’s Regulatory Decision in the Matter of Financial Statements of Stanbic IBTC Holdings Plc for Years Ended 31st December 2013 and 2014 – By Godwin EMEFIELE

1. I write in response to your letter dated 26th October 2015, with reference number FRC/2015/DIM/REGULATORY/001, in which the CBN was notified of a Regulatory Decision […]

By |October 18th, 2015|De-Lords Financial News|0 Comments

CBN Extends BVN Enrolment to 31st January 2016 for Nigerian Bank Customers in Diaspora

As part of the overall strategy for ensuring successful implementation of the BVN Project, CBN issued a circular stipulating that by October 31, 2015: all Nigeria Banks’ Customers should have the BVN attached to their accounts.

Any bank customer without the BVN would be deemed to have “Inadequate KYC”.

CBN has observed with satisfaction, the progress […]

By |October 18th, 2015|De-Lords Financial News|0 Comments