Regulators

  1. X–Compliance Report: 11 firms set for restructuring & regularization of listing status


    The need to maintain transparency in the Nigerian Capital Market cannot be over-emphasized as prescribed in Appendix 111 of the Listing Rules, mandating every listed company to provide the Exchange with timely information to enable it efficiently perform

  2. Exposure Draft of the Reporting Template for the Nigeria Sustainable Banking Principles (NSBP)


    Recall that the Central Bank of Nigeria had, in September 2012, issued a Circular directing banks, discount houses and development finance institutions to implement the Nigeria Sustainable Banking Principles. The institutions were also informed that the C

  3. SEC postpones the compliance date on E-DIVIDEND


    Consequent upon feedback received from various stakeholders in the capital market, the deadline of Monday June 3, 2013 for transitioning to e-dividend payment is postponed till further notice.

  4. A Compliance Guide for Investors / Shareholders on E-Dividends


    The Securities and Exchange Commission recently released a Circular to Investors/Shareholders of Public Companies on E-Dividend Payment. The SEC requested that all investors/shareholders should forward their Bank account details to their respective Regist

  5. Circular to Investors/Shareholders of Public Companies on E-Dividend Payment


    The Security and Exchange Commission ("Commission") has Observed with dismay the unprecedented increase in the size of unclaimed dividends in the Capital market.

  6. Naira to return to Paper as CBN is ready to change N5, N10, N20 and N50 from Polymer to Paper


    CBN is poised to stop the printing of small denomination Naira in polymer notes because they fade quickly.

  7. NSE announces Amendments to Rules and Regulations Governing Dealing Members & Invitation for Comment


    On 28 March 2013, the Council of The Exchange approved a number of new Rules as well as amendments to the “Rules Governing Dealing Members”, in the section that addresses “Trading” (the Rules). The new Rules approved include the Order Entry & Execution Ru

  8. BCBS and IOSCO publish the responses to consultation on margin requirements


    The Basel Committee on Banking Supervision and the International Organization of Securities Commissions (IOSCO) published today the public responses to the second consultative paper on margin requirements for non-centrally cleared derivatives, which was i

  9. NSE soft-pedals on enforcement of data distribution ban


    The Nigeria Stock Exchange (NSE) has soft-pedaled on the recent ban on distribution of its data by capital market operators.

  10. CBN dismisses banks’ claim on submission of financial statement


    The Central Bank of Nigeria (CBN) has dismissed claims by some banks that it was responsible for the late release of their financial statements to the Nigeria Stock Exchange (NSE).

  11. NSE approves Flour Mills and Cadbury’s Plc Merger; N35b special placing for Wema Bank


    The need to maintain transparency in the Nigerian Capital Market cannot be over-emphasized as prescribed in Appendix 111 of the Listing Rules, mandating every listed company to provide the Exchange with timely information to enable it efficiently perform

  12. CBN issues banking charge guide, COT to go in 2016, Cancels ATM maintenance fee


    The Central Bank of Nigeria (CBN), via a circular on Thursday announced the Revised guide to bank charges, wherein it clarified for customers the appropriate tariffs and charges allowable.

  13. NSE Admits IFC Bond into Daily Official List


    Listing of N12billion of N1, 000 per unit of 10.2% Fixed Rate Senior Unsecured Notes Due 2018 IFC Bond on the Daily Official List of The Exchange on 26th March 2013.

  14. Extended Filing Date for Listed Companies


    In response to the challenges being experienced by listed entities in meeting their regulatory periodic filing obligations with The Exchange for fiscal 2012 Audited Accounts and 2013 Interim Accounts, The Nigerian Stock Exchange (NSE) has confirmed on Thu

  15. NSE CEO’s Opening Remarks at the X-Issuer Launch


    It gives me great pleasure to welcome you to this historic event. Today marks another milestone in the rebirth, growth and transformation of the Nigerian capital market as we launch the first Issuers’ Portal (X-Issuer) in the Nigerian Capital Market. This

  16. Foreign Portfolio Participation in Equity Trading at NSE: 2007 – February 2013


    On a monthly basis, the Exchange polls trading figures from major custodians and market operators on their foreign portfolio clients. The table below shows the breakdown of the portfolio inflow and outflow between 2007 and February 2013.

  17. CBN Introduces fee charge on e-Form ‘M’


    Following the successful deployment of the e-Form ‘M’ on the Nigerian Single Window Trade portal and the commencement of on-line submission of the Form ‘M’ on December 6, 2012, all Authorized Dealer banks (ADBs) and the General Public are hereby informed

  18. MPC retains 12% Interest Rate, confirms Analyst expectations


    The Central Bank of Nigeria (CBN) Monetary Policy Committee has left the monetary policy rate unchanged at 12 percent. This is in spite of calls for the interest rate to be reduced to a single digit but consistent with the expectations of analysts who bel

  19. CBN Communiqué No. 88 of the MPC Meeting of Monday and Tuesday, March 18 and 19, 2013


    The Monetary Policy Committee met on March 18 and 19, 2013 with all the 12 members in attendance. The Committee reviewed the conditions and challenges that confronted the domestic economy in the first quarter of 2013 against the backdrop of current intern

  20. Nigerian bourse set to launch Issuers’ Portal


    The Nigerian Stock Exchange (NSE) has concluded arrangements to introduce the first ever Issuers Portal in the Nigerian Capital Market known as X-Issuer. The new portal,which will be formally launched on Tuesday, March 26, 2013 at the MUSON Centre in Lag

  21. NSE Unveils Guidelines for Supplemental Market Makers


    One of the major strategies embarked on by the Management of The Nigerian Stock Exchange as a means of increasing Investors confidence, deepening the market and addressing lack of liquidity in the market is the introduction of the Supplemental Market Mak

  22. NSE Suspends Trading Activities on Shares of BAGCO Plc


    In line with the Scheme of Merger between Flourmills of Nigeria Plc and Nigerian Bag Manufacturing Company Plc, the last date for Scheme shareholders to elect for cash or shares in Flour Mills is March 5, 2013.

  23. Three Tiered KYC Requirements Implementation Strategy


    Three Tiered KYC Requirements Implementation Strategy

  24. CBN extends deadline for bank account update till April 30, 2013


    Additional Know Your Customer (KYC) Requirement in respect of Designated Non-Financial Businesses and Professions (DNFBPs)

  25. Review of Risk Weights on Certain Exposures in the Computation of Capital Adequacy - CBN


    The recent crisis in the Nigerian banking industry highlighted several weaknesses in the system, key of which was the excessive concentration of credit in the asset portfolios of banks.

  26. CBN restricts lending relationships between banks, HoldCo


    In a bid to forestall another crisis in the banking sector, the Central Ba

  27. NSE signs MOU with Thomson Reuters on Value Added Services


    The Nigerian Stock Exchange has signed a Memorandum of Understanding (MoU) with Thomson Reuters, the world�s leading source of intelligent information for businesses and professionals, to provide Investor Relations Services to its listed companies,

  28. X-COMPLIANCE: 32 Delinquent Filers of Accounts & 5 Equities with Free Float Deficiencies


    The need to maintain transparency in the Nigerian Capital Market cannot be over-emphasized as prescribed in Appendix 111 of the Listing Rules, mandating every listed company to provide the Exchange with timely information to enable it efficiently perform

  29. Guideline for the Regulation of Agent Banking and Agent Banking Relationships


    In exercise of the powers conferred on the Bank by Section 2 (d) of the Central Bank of Nigeria Act, 2007 and Section 57 (2) of the Banks and Other Financial Institutions Act (BOFIA), Laws of the Federation of Nigeria, 2004 to issue guidelines for the mai

  30. CBN’s Power & Airline Intervention Fund Disbursements @311212


    DEVELOPMENT FINANCE DEPARTMENT, POWER AND AIRLINE INTERVENTION FUND (PAIF)

  31. NSE CEO’s remarks at Retail Bonds Trading and Fixed Income Market Making Workshop


    It gives me great pleasure to welcome you on behalf of the Council and Management of The Nigerian Stock Exchange to this forward moving event.

  32. X–Compliance Report: Companies Slated For Delisting/Restructuring


    The Listing Regulation Department of Nigerian Stock Exchange presents below the Regulatory compliance status of listed equities as regards to listing rules and regulations.

  33. NSE sheds more light on Fixed Income Market-making


    A new investment opportunity is now available to all investors on the Nigerian Stock Exchange (NSE). The Fixed Income Market Making (FIMM) program will increase accessibility of the bond market to the investing public.

  34. 20 Dealing Member Firms Involved in Unauthorized Sales of Investors’ Shares Named


    The dealing member firms listed below were involved in unauthorized sale of investors’ shares between January 2012 and January 17, 2013.

  35. Wema Asset Management and 18 other Dealing Member Firms with Inadequate Shareholders Funds


    Below is the list of Dealing Member Firms with Inadequate Shareholders Funds as at January 17, 2013

  36. CBN implements financial inclusion plan, sets 3-tier KYC


    The Central Bank of Nigeria (CBN) yesterday set new deposit limits for all categories of account holders and introduced three-tier Know Your Customer (KYC) requirements for banks.

  37. CBN Economic Report November 2012


    Growth in the key monetary aggregate was modest at the end of November 2012. On month-on-month basis, broad money (M2) rose by 4.6 per cent, due, largely, to the 10.0 percent rise in domestic credit (net) of the banking system. Relative to the level at en

  38. Bell Ringing Ceremony - International Finance Corporation (IFC)


    In relation to its proposed bonds issuance, the International Finance Corporation (IFC) will be ringing the Trade Closing Bell of The Nigerian Stock Exchange

  39. The NSE Retail Bonds Trading & Fixed Income Market Making Practicum


    The Nigerian Stock Exchange is organizing a specialised clinic on Retail Bonds Trading (RBT) and Fixed Income Market Making (FIMM).

  40. MPC Meeting of Monday, January 21, 2013


    Below is a Press Release from the Central Bank of Nigeria(CBN) on the Monetary Policy Committee (MPC) Meeting scheduled for January 21, 2013.


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