CBN Unveils Exposure Draft Guidelines on Islamic Micro Finance Banks in Nigeria

12/5/2016/CBN In response to several enquiries from persons seeking to establish Non-Interest (Islamic) Micro Finance Bank (NIMFBs) and in order to encourage the development of the microfinance subsector of the Non-Interest Finance sector so as to deepen financial inclusion, the CBN hereby releases the attached draft guidelines for the regulation […]

Lafarge Africa Acquires Additional 50% Equity Stake in Unicem

12/5/2016/NSE The Board of Directors at its meeting held on Thursday 12th May, 2016 and in line with shareholders’ resolution at the 55th Annual General Meeting (AGM) of Lafarge Africa Plc held 9th July, 2014 has approved the acquisition of additional 50% equity interest in United Cement Company of Nigeria […]

Nigerian Equities Rebound on Renewed Bargain Hunting, ASI up 0.91%

By InvestAdvocate Lagos (INVESTADVOCATE)-The Nigerian equities market on Thursday rebounded after two (2) successive sessions of loss, as all-share index (ASI) climbed up 0.91 percent to close at 25,865.06 points, while market capitalisation grew by N80.67 billion to N8.90 trillion. “Today’s positive performance extended the Month-to-Date gain to 3.20 percent […]