PUNCH
London, SEC to strengthen Islamic finance in Nigeria
The Securities and Exchange Commission and the City of London on Tuesday pledged to work together to deepen Islamic finance in Nigeria in order to bring financial inclusion to Nigerian Muslims and non-Muslims averse to traditional financial system and products.[Read More…]
ETI scraps sale of stake in Nigerian unit
Ecobank Transnational Incorporated Plc has scrapped the sale of part of its Nigerian business because falling market values mean it wouldn’t get a good enough price, the Chief Executive Officer, Mr. Ade Ayeyemi, said on Tuesday..[Read More…]
Entrepreneurs can make Nigerian market more competitive – Stockbrokers
tockbrokers under the aegis of the Chartered Institute of Stockbrokers have stressed the need for the Nigerian capital market to be competitive at the global level. For the market to achieve that level of competitiveness, the stockbrokers said it was in need of vibrant entrepreneurs to boost its activities..[Read More…]
THISDAY
Amidst Challenges, Capital Market Records Modest Growth
Goddy Egene writes that despite the challenges, the Nigerian capital market has recorded some growth in the last 55 years.[Read More…]
NERC, MAN Fine-tune Plans to Stabilise Power Supply to Industries
The Nigerian Electricity Regulatory Commission (NERC) and key industrialists in Nigeria under the aegis of the Manufacturers Association of Nigeria (MAN) on Tuesday pushed forward an ongoing discussion to upgrade the quantity of electricity supplied to industries across the country.[Read More…]
Recapitalisation: SEC Engages 15 Accounting Firms to Verify Operators
The Securities and Exchange Commission (SEC) has enlisted the services of over 15 accounting firms to verify the sources of funds by MARKET operators that complied with the new minimum capital requirement.[Read More…]
BUSINESS DAY
World Bank realigns partnership strategy to help rebuild North East – official
The World Bank says it is realigning its Country Partnership Strategy (CPS) for Nigeria to support the rebuilding of the North East and other priorities of the Federal Government..[Read More…]
Market Group reveals plan to tackle emerging risks, innovation and relevance
The London Market Group (LMG), which represents London’s underwriting and broking community has announced that it will create a single electronic placement service by the end of this year, choose a partner to help promote the market and boost demand, particularly in emerging markets, and identify where it needs to plug skills gaps..[Read More…]
BoI moves to cut graduate unemployment with N2bn entrepreneurship fund
Worried by high rate of youth unemployment in Nigeria, the Bank of Industry (BoI) has launched the N2 billion Graduate Entrepreneurship Fund (GEF) scheme to enable young graduates with viable business ideas to receive training and finance..[Read More…]
Analysts offer roadmap for screening ministerial nominees
Analysts yesterday challenged the Senate to consider Nigeria’s current economic and social predicament while screening ministerial nomonees, and pick people with mission-specific knowledge and track records to direct the affairs of the nation in various portfolios..[Read More…]
REUTERS
Asian shares hit seven-week high as oil jump eases supply worries
Asian stocks hit a seven-week high on Wednesday as a pick up in oil prices boosted resource shares and emerging economy currencies, with sentiment also helped by South Korea’s Samsung Electronics issuing better than expected profit guidance..[Read More…]
JPMorgan buys more mortgages from other lenders as market shrinks
JPMorgan Chase & Co, looking to stem falling revenue in its mortgage business as fewer Americans refinance, is increasingly buying loans from smaller lenders, a practice that competitors including Bank of America view as risky.[Read More…]
BLOOMBERG
European Stocks Rise for 4th Day Led by Miners, Energy Shares
Commodity and oil producers extended a rally, pushing European stocks higher for a fourth day, the longest streak since August.[Read More…]
German Industry Output Unexpectedly Falls as China Weakens
German industrial production unexpectedly declined in August, signaling that Europe’s largest economy is feeling the effects of weaker emerging-market demand.[Read More…]