By Grace Alegba The National Institute of Credit Administration (NICA) says inadequate funding is delaying the implementation of the Federal Government’s plan to train 10 million Nigerians in credit management and financial inclusion. The Registrar/Chief Executive Officer of NICA, Prof. Chris Onalo, disclosed this in an interview with the NewsContinue Reading
By Taiye Olayemi The equities market sustained its positive momentum in May, with investors gaining N4.514 trillion as renewed buying interest in financial services and consumer goods stocks lifted overall market performance. Market capitalisation rose by 2.89 per cent to close at N160.508 trillion in May, compared with N155.994 trillionContinue Reading
By Taiye Olayemi Stakeholders across various sectors have called for stronger collaboration among industry, academia and government to address the widening skills gap among graduates, especially in technical and engineering fields. The call was made during a virtual pre-conference workshop on industry-academia synergy organised by Maranatha University in collaboration withContinue Reading
By Taiye Olayemi The equities market extended its bullish run, delivering a N15.53 trillion gain over 14 consecutive trading sessions, driven by strong investor demand and improved liquidity. Market capitalisation on the Nigerian Exchange Ltd. rose from N129.81 trillion on April 7 to N145.33 trillion at the close of tradingContinue Reading
By Taiye Olayemi Dr Benneth Eze, Head of Research and Development at the Chartered Institute of Stockbrokers, has projected a slowdown in Nigeria’s equities rally. He said the market’s recent strong performance reflected investor optimism, but cautioned that such momentum was rarely sustained without periodic corrections and consolidation phases. ThisContinue Reading
By Taiye Olayemi Stockbrokers have commended the extension of trading hours on the Nigerian Exchange Ltd., describing it as a major step toward deepening the capital market and aligning it with global standards. The market operators, who spoke in interviews with the News Agency of Nigeria (NAN), said the developmentContinue Reading
By Grace Alegba Some financial experts have emphasised the need for strong risk management and ethical governance to ensure that bank recapitalisation drives deliver sustainable economic growth. The experts made this known on Thursday at a virtual Risk Roundtable organised by the Association of Enterprise Risk Management Professionals (AERMP). TheContinue Reading
