Daily Market Update | 11-01-2024
Daily Market Update (Equities) The Nigerian Equities market had a positive trading session today as the NGX All Share Index (ASI) increased by 0.70% to 82,597.04points. Consequently, the market’s year-to-date (YtD) returns rose to 10.46% (vs 9.70% Yesterday). The gains recorded in FBNH, UBA and GTCO offset the losses in Abbey Mortgage Bank, Honeywell Flour […]
CBN Dissolves Boards of Union, Keystone, and Polaris Banks
The Central Bank of Nigeria (CBN) has undertaken a significant supervisory action, dissolving the boards and management of Union Bank, Keystone Bank, and Polaris Bank. This decision stems from concerns regarding the banks’ adherence to regulations and corporate governance principles. The CBN cited non-compliance with specific provisions of Section 12(c), (f), (g), and (h) of […]
