CAPITAL MARKET FMDQ: Total Value of OTC Foreign Exchange Futures Contracts Hits $47.32bn In Four Years FMDQ Group has disclosed that total value of Over-the-Counter (OTC) foreign exchange (FX) futures traded on its platform rose to $47.32 billion in four years; a development it stressed has supported the Central Bank of Nigeria (CBN) in tackling…
DetailsCAPITAL MARKET SEC mandates full custody requirement for mutual funds The Securities and Exchange Commission has announced the commencement of the implementation of a 100 per cent custody requirement in the collective investment schemes sector. According to a statement from the commission, the Director-General, SEC, Mr Lamido Yuguda, said that all clients’ assets managed under…
DetailsCAPITAL MARKET NGX ASI down 0.15% as investors lose N30bn Proceedings at the Nigerian Exchange Limited (NGX) went southward as sell pressure in the shares of Eternal Oil, Cutix and Wapco drove the market indices down by 0.15 per cent. Buying interest in bellwether stocks had seen the market’s All Share Index (ASI) gain 0.12…
DetailsCAPITAL MARKET Buying Interest in MTN Nigeria, 13 Others Lift Stock Market by N24.92bn The Nigeria equities market yesterday sustained prior day’s gains by N24.92 billion, due to buying interest in MTN Nigeria Communications (MTN) and 13 others. At the close of trade, the Nigerian Exchange Limited (NGX) All Share Index (ASI) increased by 47.84…
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