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BUSINESS NEWS BRIEF – NOVEMBER 26, 2015

Home   /   NSE-Stats 24/09/2014   /   BUSINESS NEWS BRIEF – NOVEMBER 26, 2015
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November 26, 2015
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in NSE-Stats 24/09/2014

PUNCH

FG spends N194bn on capital projects
The Federal Ministry of Finance said on Wednesday that N194bn had been spent on capital projects between January and September this year.[Read More…]

DAILY SUN

NSE:‘Online trading to attract N1.5trn investments’
BASKING in the euphoria of the recent launch of its online trading platform,Trade Smart, the Nigerian Stock Exchange (NSE) says the new initiative will bring investments worth N1.5trillion into the capital market in one year.[Read More…]

World Bank approves $16bn carbon credit for African countries
THE World Bank Group yesterday unveiled a new plan that calls for $16 billion in funding to help African coun­tries adapt to climate change and build up the continent’s resilience to climate shocks.[Read More…]

GUARDIAN

SEC approves Acorn Petroleum’s N5b recapitalisation drive
THE Securities and Exchange Commission (SEC) has approved the basis of allotment of the rights issue for, Acorn Petroleum Plc, under the company’s recapitalisation programme.[Read More…]

MPR’s reduction lifts NSE’s indices by N50b
THE Central Bank of Nigeria’s decision to end its monetary tightening and reduction in its monetary policy rate (MPR), yesterday, spurred activities in the capital market after several weeks of a downturn, as market capitalisation appreciated by N50 billion.[Read More…]

THE NATION

Wema Bank’s Capital Adequacy Ratio strong, says management
Wema Bank Plc yesterday said its Capital Adequacy Ratio (CAR) is 18.6 per cent based on September 2015 results, which is significantly higher than the 10 per cent required by the Central Bank of Nigeria (CBN) for regional and national bank.[Read More…]

LEADERSHIP

FG To Begin Payment Of N5000 To Indigent Youths In 2016 – Minister
The federal government has confirmed that it will commence the payment of N5,000 it promised indigent Nigerian youths during the electioneering campaign early next year.[Read More…]

REUTERS

Big banks accused of interest rate-swap fixing in U.S. class action suit
A class action lawsuit, filed Wednesday, accuses 10 of Wall Street’s biggest banks and two trading platforms of conspiring to limit competition in the $320 trillion market for interest rate swaps.[Read More…]

BLOOMBERG

Rupee Volatility Rises to One-Week High as India Outflows Deepen
A gauge of expected swings in the rupee advanced to a one-week high amid signs demand for Indian assets is waning as the Federal Reserve prepares to raise interest rates.[Read More…]

China Said to Consider Probe of Short-Selling in Domestic Metals
Chinese regulators are considering a request from a metal industry group to probe short-selling in domestic metal contracts amid recent price declines, according to people with knowledge of the matter.[Read More…]

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