Trending The Impact of Regulatory Action On The NCM
Trending The Impact of Regulatory Action On The NCM
Trending The Impact of Regulatory Action On The NCM
Date
Decision Taken
Regu lator
Impact
% Chan ge
04-Jan11 04-Jan11 05-Jan11 05-Jan11 06-Jan11 06-Jan11 07-Jan11 07-Jan11 07-Jan11 10-Jan11 10-Jan11 11-Jan11 12-Jan11 19-Jan11 20-Jan11 21-Jan11 21-Jan11 21-Jan11 26-Jan11 31-Jan11
SEC tasks quoted firms on adoption of IFRS CBN extends deadline on update of bank accounts NSE Asks Brokers to Separate Accounts Central Bank keeps eye on foreign exchange stability CBN adds Chinese yuan to tradeable SEC set to confirm Onyema as NSE DG SEC approves new code of corporate governance for operators AMCOM, banks boost investment in stock market by 3.50% CBN offers $250m at forex auction Capital Base: NSE Reads Riot Act to Brokers NSE to impose sanctions on under-capitalised firms NSE to ensure strict compliance with rules in 2011 NSE seeks vendor for new trading platform raises committee N70m Capital: NSE Suspends 60 Broking Firms SEC Okays Onyema as new stock exchange CEO Suspended firms: NSE assures clients of investments safety NSE lifts suspension on five stockbroking firms Stock Exchange boss to resume soon CBN hedges against inflation, raises benchmark rates to 6.5% CBN, banks plan to reduce cost of cash in transit by 15%,
SEC
Best Practice Regulatory Environment Enable Customers and Banks comply Investor protection is enhanced through new practice Fx Directives Expanding Currency Market NSE Corporate Governance SEC Corporate Governance ASI Movemen t: Jan 10 Jan 14, 2011Index % Change 25,9 98.6 4 27,2 67.1 7 4.88 % ASI Movemen t: Jan 4 Jan 7, 2011Index % Change
CBN
NSE
25,1 02.9 3
26,1 69.8 6
4.25 %
CBN
CBN
SEC
SEC
NSE
NSE
NSE
27,1 30.1 7
27,6 84.4 0
2.04 %
Investors' confidence will be taken care of Trading resumes ASI Movemen t: Jan 24 Jan 31, 2011Index % Change 27,7 70.1 1 26,8 30.6 7 3.38 %
NSE
NSE
CBN
Excess liquidity curtailed in the economy Job loss likely to rock the industry
CBN
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Page 2
experts fear more job loss 31-Jan11 31-Jan11 03-Feb11 07-Feb11 07-Feb11 07-Feb11 CBN deadline on bank accounts update ends today CBN targets 200 per cent growth in electronic card usage by 2015 Regulators resolution to determine minority investors expectations CBN says banking reform pains temporal AMCON in dilemma as banks double deal on bad debts CBN plans N200bn housing intervention fund SEC set to end one-size-fitsall code of corporate governance CBNs policy tightening stalls real estate development Consolidation among stockbrokers inevitable SEC Non-performing loans: AMCON opens talks with debtors SEC prohibits directors, family members from dealing in their companies securities CBN
Cost Accoun t Update Techno logy NBC Delisti ng Bankin g Refor m Deals Interv ention Corpor ate Gover nance Monet ary Policy Consol idation NPL Market Law Repeal of Univer sal Bankin g Guideli nes Capital base Bankin g Refor m Invest ment Borrow ing Corpor ate Gover nance Market Develo pment Market Develo pment Bankin g Refor m Imme diate Effect 2015 Not Given Not Given Not Given Not Given AMCON's failure looms ASI Movemen t: Feb 1 Feb 4, 2011Index % Change Real estate development threatened Market Sanitization Bank recovery Best Practice Regulatory Environment Loss of customers by some banks Cashless society in view
26,7 23.4 9
26,7 63.8 4
0.15 %
SEC
April
09-Feb11
CBN
Next week
ATM guidelines: CBN introduces stiff penalties for errant operators Survival of operators under test as SEC ups capital base by 2,400% CBN: Unbanked Now Free to Use E-Card SEC: Foreign Investment Hits N381bn Hard times await borrowers as CBN intensifies mop-up activities SEC tasks companies on new code of corporate governance SEC pledges commitment to IFRS adoption NSE to Enforce Rules on Compliance Officers CBN Now to Approve Top Positions in Banks
CBN
Imme diate effect Not Given Imme diate effect Not Given Imme diate effect Not Given
Will spur banks to guide against ATM fraud Reduction in the number of operators imminent
SEC
CBN
26,6 72.5 7
26,6 84.4 9
0.04 %
SEC CBN
SEC
SEC
NSE
CBN
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Page 3
17-Feb11 18-Feb11 21-Feb11 21-Feb11 21-Feb11 22-Feb11 23-Feb11 23-Feb11 23-Feb11 23-Feb11 23-Feb11 23-Feb11 23-Feb11 24-Feb11 24-Feb11 28-Feb11 01-Mar11 01-Mar11 01-Mar11 02-Mar11 02-Mar11 02-Mar11
CBN to review procedure for appointment of bank directors Code of corporate governance will be effective from April SEC CBN Checks Inflation, Mops up N48bn CBN, NDIC joint examination rattles banking industry CBN partners NASB for IFRS adoption CBN Dismisses IMF Advice for Naira Devaluation NSE Moves Closer to Global Membership AMCON Plans Second Phase of Asset Purchase CBN bars banks from funding politics SEC, stakeholders plan alternative market as BusinessDay conference holds tomorrow Central Bank shifts focus to real sector Securities Commission moves to recover illegal assets Reforms: SEC hinges success on efficient legal process Our platform is well equipped to handle bond trading, says NSE SEC seeks improved legal framework Getting multinationals to list on the NSE NSE goes public mid-year, moves to consolidate achievements NSE releases guidelines for conversion to broker AMCON set to purchase toxic assets below N50m CBN, NASB face-off stalls banks year-end results Single-digit interest rate not feasible CBN NSE council approves three new issues
CBN
SEC
CBN CBN
CBN
CBN
NSE
AMCO N CBN
Bankin g Refor m Market Develo pment Monet ary Policy Bank Audit Bankin g Refor m Devalu ation Global meme bershi p Asset Manag ement Politics Fundin g Market Develo pment Econo my Recove ry Refor ms Tradin g Platfor m Legal
Not Given April 1, 2011 Not Given Not Given Not Given Not Given Not Given Not Given Not Given March 31, 2010 Not Given Imme diate effect Not Given Not Given Not Given Not Given Mid Year Imme diate effect Not Given Not Given Not Given Imme diate effect Not Given Diversify investments of the reserves will help to reduce currency, country and exchange risk. It will increase benefits to the companies and help Nigerians become co-owners. It will alter the ownership structure of the exchnage It will help develop small and medium scale industries ASI Movemen t: Feb 21 - Feb 28, 2011Index % Change It will curtail the rampaging inflationary rate in the country
26,5 98.4 1
26,6 39.3 5
0.15 %
SEC
26,7 09.3 2
26,0 16.8 4
2.59 %
NSE
SEC
SEC
Listing Demut ualisati on Guideli nes NPL YearEnd Result Interes t rate Approv al
NSE
25,87 1.22
25,35 7.84
1.98 %
02-Mar11
CBN
Reseve s
02-Mar-
CBN
Bankin
Not
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Page 4
11 02-Mar11 04-Mar11 04-Mar11 07-Mar11 07-Mar11 07-Mar11 08-Mar11 08-Mar11 08-Mar11 08-Mar11 09-Mar11 09-Mar11 09-Mar11 09-Mar11 10-Mar11 10-Mar11 11-Mar11 11-Mar11 11-Mar11 11-Mar11 11-Mar11 14-Mar11 14-Mar11 15-Mar11 15-Mar11 16-Mar11
Risk-Based Checks Central Bank releases N198bn power sector intervention fund CBN modifies cash reserve requirements CBN cuts forex supply by 19% Rising oil prices: CBN may raise interest rates Sanusi NSE lists Flour Mills N37.5bn bond 12 banks fail CBNs audit 10 rescued banks for acquisition in coming days CBN to Adopt Further Tightening Measures CBN targets N2tr pension funds to finance infrastructure We are not being stubborn on naira devaluation SEC approves N36bn investment in Union Venture NSE delist Albarka Air, Okitipupa Oil Palm, others CBN to Guarantee Pension Funds for Bank Credit CBN unfolds 6-point agenda New rule may stabilise lending interest rates Stress test: Unity, Wema Banks emerge stronger CBN gov Asset company to miss deadline for issuing bonds New reforms to birth 11 international, nine national banks NSE restructures ahead of demutualisation plans NSE to extend trading by two hours CBN injects N190b cash into banks FOREX: CBN may raise supply to local dealers Central Bank warns bureau de change operators on timely reporting NSEs bond market records N142.8b transactions in one week CBN in Fresh Moves to Support Naira CBN offers $400m at forex auction Foreign banks plan credit restriction to local lenders CBN
CBN
g Interv ention fund Cash reserv e Forex Interes t rate Listing Bankin g Audit Monet ary Policy Power genera tion Devalu ation Approv al Delisti ng Bank Credit Econo mic develo pment Interes t rate Stress Test Deadli ne Bankin g Refor m Restru cturing Extens ion Fund Injecti on Forex Timely Report ing Bond Market Monet ary Policy Forex Local Lendin g
Given Not Given Not Given Imme diate effect Not Given Imme diate effect Not Given Not Given Not Given Not Given Imme diate effect Not Given Not Given Not Given Not Given Not Given Not Given Not Given Not Given Not Given Not Given Not Given Not Given Not Given Not Given Not Given Jun-11 25,42 0.49 24,37 8.72 4.10 % ASI Movemen t: Mar 14 - Mar 18, 2011Index % Change It will help to tame inflationary pressure in the country
CBN
CBN
25,24 3.93
25,58 5.24
1.35 %
CBN
NSE
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Page 5
16-Mar11 16-Mar11 16-Mar11 16-Mar11 16-Mar11 17-Mar11 17-Mar11 18-Mar11 18-Mar11 18-Mar11 18-Mar11 18-Mar11 21-Mar11 21-Mar11 21-Mar11 21-Mar11 22-Mar11 22-Mar11 23-Mar11 23-Mar11 24-Mar11 24-Mar11 24-Mar11 25-Mar11 29-Mar11
CBNll provide level playing field for banking sector AMCON recovers N10bn debt in 4 months Exchange opens contact centre for investors CBN begins sale of currency forwards next week CBN tells banks to report fraud cases monthly CBN to keep naira stable, says Sanusi CBN blasts FG over policy somersault CBN orders banks to refund N2bn to customers over cheating ATM fraud: CBN recovers N2bn from banks CBN offers $400m at forex auction SEC, NSE to shore up investors confidence Debt Management Office sells N60 billion bonds Mobile payment: CBN to engage SME as consultant CBN, others seek passage of cyber security bill into law NSE Restructures Operations Low value of Naira: CBN blames FG
CBN
Bankin g Debt Recove ry Contac t Centre Monet ary Policy Fraud Monet ary Policy Policy Refund Recove ry Forex Invest or's confide nce Bond Market SME Policy NSE Leader ship Monet ary Policy Invest or's protect ion Market Breach es Inflatio n Interes t rate ATM Fraud Naira Deprec iation Credit Auctio n Monet ary Policy Bankin g Refor
Not Given Not Given Imme diate effect Not Given Imme diate effect Not Given Not Given Not Given Not Given Not Given Not Given Imme diate effect Not Given Not Given Not Given Not Given Not Given Not Given Not Given Not Given Not Given Not Given Not Given Not Given Not Given 24,63 9.74 24,62 1.21 0.08 % ASI Movemen t: Mar 28 - Mar 31, 2011Index % Change It will ensure the return of confidence in the market ASI Movemen t: Mar 21 - Mar 25, 2011Index % Change 24,55 5.00 24,86 3.38 1.26 % It will help bridge the gap of mssing information It will calm foreing exchange market It will monitoring and reduction
CBN
CBN
SEC
CBN
30-Mar11
CBN
Not Given
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Page 6
30-Mar11 31-Mar11 31-Mar11 01-Apr11 01-Apr11 04-Apr11 04-Apr11 04-Apr11 04-Apr11 04-Apr11 05-Apr11 06-Apr11 06-Apr11 06-Apr11 07-Apr11 14-Apr11 15-Apr11 17-Apr11 18-Apr11 18-Apr11 19-Apr11 19-Apr11 20-Apr11 21-Apr11 21-Apr11 21-Apr11 21-Apr-
SEC Gets Support on Corporate Governance Code AMCON buys extra N1tn bad loans for N600bn CBN to sack bank CEOs for misreporting MPR Hike Takes Toll on Real Estate Activities NSE Closes Q1 in Red Share sales: CSCS now credits investors directly AMCON begins book-building programme NSE moves to reduce trade alert charges Exchange Reviews NSE-30 Index CBN considers imposing limits and charges on cash lodgements SEC retains interim members on NSE Council Rescued banks get reprieve as AMCON lists N1.7trn bond today We wont interfere in banks mergers, acquisitions CBN CBN targets 5% bad loan ratio for banks AMCON completes N1.7tn bond issue NSE exhibits same trajectory with some emerging markets in Q1 NSE new initiatives to enhance investor confidence Demutualisation plans stir capital market NSE Council: Brokers Consider Peaceful Resolution NSE Council: SEC calls for understanding among stakeholders Criticisms trail appointment of Ikazoboh into NSE Council Central bank goes tough on microfinance banks Banks, CBN to pool N110b for AMCON NSE looks to telecoms, oil, agric to deepen stock market Capital market deepening: SEC to encourage firms to stay listed CBN seeks creation of financial Ombudsman, others NDIC to pay depositors of
m Corpor ate Gover nance Bad loans Corpor ate Gover nance Monet ary Policy Capital Market Direct Crediti ng Book Buildin g Trade Aalert Index Review Cash Lodge ment Counci l Banks Merger Bad Loans Bond Issue Market Inititat ives Demut ualisati on Resolu tion Counci l Appoin tment Refor ms AMCO N market Develo pment Market Deepe ning Financi al Refor ms Liquida
Not Given Not Given Imme diate effect Not Given Not Given Imme diate effect Imme diate effect Not Given Imme diate effect Not Given Not Given Imme diate effect Not Given Not Given Not Given Not Given Not Given Not Given Not Given Not Given Not Given Not Given Not Given Not Given Not Given Not Given Not ASI Movemen t: Apr 11 - Apr 21, 2011Index % Change Real estate activities in the country would be affected negatively
CBN SEC AMCO N CBN CBN AMCO N NSE NSE NSE NSE NSE NSE CBN CBN NSE
24,75 2.04
24,73 3.38
0.08 %
24,67 5.75
25,02 0.08
1.40 %
SEC
CBN
NDIC
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Page 7
liquidated MFBs N9.8bn AMCON lists N1.7trn zero coupon bond today NSE plans reform of capital market CBN Forex Supply Forces Demand to Drop Capital market needs market makers AMCON to List N1.3tr Bonds by Year End NSE Listing: SEC Woos Telecoms, Oil Firms Ikazoboh vacates office as NSE interim administrator on Friday Banking industry recorded N1.37tn net loss in 2009 NDIC CBN rolls out modalities for uniform account numbering ...maintains June deadline for banks NSE cautions investors against fraudulent brokers CBN pegs daily cash withdrawal CBN sees oil output of 2.45m bpd in 2013 CAC investigates Okomu Oil Cash limit: We spent N34bn on printing currency in one year CBN Botched deals: AMCON may recapitalise Oceanic, Bank PHB Sanusi CBN to sell N134bn T-bills CBN to limit interest-rate increases to spur lending New investors coming for eight rescued banks, says CBN CBN offers $350m for auction AMCON intervention yet to stimulate bank lending NSE: Stockbrokers express confidence in new management Central Bank losing battle to defend naira Inflation huge challenge for Nigeria, says CBN Banks may shrink to 20, says CBN SEC to Facilitate Single WAfrican Stock Exchange Sale of Banks: Shareholders Lose Bid to Stop CBN CBN approves N116bn loan package for farmers Onyema Restates Promise to
tion AMCO N NSE CBN NSE AMCO N SEC NSE Listing Market Refor m Forex Market Makers Listing Listing NSE Leader ship Loss Unifor m Accoun t Numbe r Cautio n Withdr awal Oil Output Investi gation Cash Limit Recapi talisati on Treasu ry bills Interes t Rate Rescue d Banks Auctio n Bankin g lendin g NSE Leader ship Naira Inflatio n Banks Single Exchan ge Rescue d Banks Loan Transf
Given Not Given Not Given Not Given Not Given Year End Not Given 29Apr-11 Not Given ASI Movemen t: Apr 27 - Apr 29, 2011Index % Change 25,24 0.88 25,04 1.68 0.79 %
NDIC
28-Apr11
CBN
Jun-11
28-Apr11 29-Apr11 05-May11 05-May11 06-May11 06-May11 06-May11 06-May11 06-May11 06-May11 09-May11 10-May11 10-May11 11-May11 11-May11 11-May11 12-May11 13-May11 16-May-
Not Given Jun-12 2013 Not Given Not Given Not Given Not Given Not Given Not Given Not Given Not Given Not Given Not Given Not Given Not Given Not Given Not Given Not Given Not ASI ASI Movemen t: May 3 May 13, 2011Index % Change 25,08 5.59 25,81 3.71 2.90 %
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Page 8
11 17-May11 19-May11 19-May11 19-May11 20-May11 20-May11 20-May11 20-May11 20-May11 20-May11 24-May11 25-May11 25-May11 25-May11 27-May11 01-Jun11 01-Jun11 01-Jun11 01-Jun11 01-Jun11 01-Jun11 01-Jun11
Transform NSE Petroleum Importation: CBN Endorses DPRs Permit AMCON to buy bad loans at punitive prices KYC: CBN mandates banks to collect identifications from depositors Stock Exchange to introduce corporate certification for operators NSE Moves to Deepen Capital Market NSE Council co-opt Rewane, Ufot, Ogunbanjo, others BPE to partner NSE on capital market development NSE new management unveils agenda BPE plans to list Transcorp Hotel, Eleme Petrochemical on NSE AMCON to buy bad debts in excess of 5% limit CBN may nullify Vine Capital, Afribank MoU CBN Refutes Barring Banks from Lending to Reps MPC tightens further, raises MPR to 8% Sanusi: New cashless policy will save Nigeria N200bn printing cost Banks spend N114.5bn on cash management CBN Banks face new stress test next year CBN Shareholders fault CBN over plan to liquidate undercapitalised banks Failed deals: CBN may liquidate rescued banks after September 30 Recapitalisation: Analysts urge CBN to extend deadline CBN grants banks new licenses CBN, SEC reforms to sustain economic growth, says Rewane SEC to Establish Investor Protection Fund
ormati on CBN AMCO N CBN Endors ement Bad Loans Identifi cations Corpor ate Certific ations Market Develo pment Counci l Market Develo pment Agend a Listing Bad debt Nullific ation Lendin g Monet ary Policy Rate Cashle ss Policy Cash Manag ement Stress Test Undercapitali sed banks Liquida tion Recapi talisati on Bankin g license s Refor m Invest ors' Protect ion Financi al Report ing
Given Imme diate effect Not Given Not Given Not Given Not Given Not Given Not Given Not Given Not Given Not Given Not Given Not Given Imme diate effect Not Given Not Given Mid Next Year Not Given Sep30 Not Given Not Given Not Given Not Given 0.69 % ASI Movemen t: Jun 1 Jun 10, 2011Index % Change
NSE
25,82 6.50
25,79 0.64
0.14 %
CBN
CBN
25,76 2.67
25,86 6.62
0.40 %
CBN
CBN
CBN
CBN
CBN
CBN
CBN, SEC
SEC
02-Jun11
CBN
Not Given
25,87 5.31
25,69 6.46
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Page 9
02-Jun11 06-Jun11 07-Jun11 07-Jun11 08-Jun11 08-Jun11 09-Jun11 10-Jun11 14-Jun11 14-Jun11 17-Jun11 21-Jun11 21-Jun11 21-Jun11 21-Jun11 22-Jun11 22-Jun11 22-Jun11 22-Jun11 23-Jun11 23-Jun11 23-Jun11 24-Jun11 27-Jun11 27-Jun11 28-Jun11
Bank Liquidation Is Last Option, Says Sanusi SEC Commences Implementation of Margin Guidelines CBN sees no need to depreciate naira Inflation control high on our priority list CBN Rescued banks: September 30 deadline sacrosanct, says CBN NSE DG Gets Approval to Hire 50 Experts SEC, telecoms firms intensify discussions on listing modalities Rescued banks still technically insolvent CBN SEC wants common guidelines for reforms implementation CBN mulls reduction in bank executives remuneration We are reforming banks for economic stability, says Sanusi CBN to Float Sukuk Bond by December 2012 Sanusi promises first ever Islamic bond in 18 months Central Bank of Nigeria moves to curb currency speculation CBN to license first Islamic bank To float Islamic bonds Oteh, in London, canvasses right politics to grow debt capital market AMCON: SEC Verifies Margin Loans of Brokers CBN Adjusts Guidelines on Islamic Banking Money supply rises at fastest rate, says CBN CBN reviews criteria for management appointments in financial institutions CBN Fixes N10bn Capital for Islamic Banks CBN allays fears over Islamic banking CBN Parleys Jonathan to Unlock Agric Financing NNPCs listing on NSE to await PIBs passage, says SEC Central Bank directive to aid foreign inflow and strengthen naira CBNs agriculture boosting plan to ease access to loan
CBN SEC
Liquida tion Margin Guideli nes Naira Deprec iation Inflatio n Recapi talisati on Approv al Listing Rescue d Banks Guideli nes Remun eration Bankin g Refor ming Bond Market Bond Market Curren cy Specul ation Islamic Bankin g Capital Market Margin Loans Islamic Bankin g Money Supply Corpor ate Gover nance Capital Base Rebutt al Fundin g New Listing FDI Agric Loan
Not Given Imme diate effect Not Given Not Given Sep30 Imme diate effect On Going Not Given Not Given Not Given Not Given 2012 18 Month s Imme diate effect 18 Month s Not Given Not Given Not Given Not Given Not Given Imme diate effect Not Given Not Given Not Given Not Given Imme diate effect 25,18 5.27 24,98 0.20 0.81 % ASI Movemen t: Jun 23 - Jun 30, 2011Index % Change 25,60 4.85 25,06 2.69 2.12 %
NSE
SEC
CBN
CBN CBN
CBN
CBN
CBN
CBN
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Page 10
CBN defends non-interest banking Banks subsidiaries: Local insurers barred from acquisition deals CBN, BoI, NAFDAC, float N200b fund for pharmaceutical sector Central Bank sets N2bn for nationwide microfinance banks Bond market peaks as CBN lifts one-year restriction for foreign investors CBN set to ease brokers plight on margin loans Managing Directors must go through Academy SEC DG Financial sector stability requires N1.7tr, says CBN We are open to discussion on withdrawal limit CBN CBN spends N150bn annually to maintain naira notes Moghalu CBN not establishing Islamic bank Sanusi CBNs new agric policy seeks to cut N630bn food import bill CBN disburses N185bn intervention fund to banks SEC goes ahead with NSE demutualization Market makers: NSE to consider top stockbroking firms CBN Disburses N42bn Power, Airline Fund SEC intervenes in Okitipupa oil firms management row CBN sells N89.7bn in treasury bills CBN extends inter-bank guarantee for Union Bank, Intercontinental, FinBank Rescued banks: No going back on Sept 30 deadline CBN SEC partners U.S., filmmakers on investors education SEC okays Intercontinental, Access banks merger Recapitalisation: SEC Awaits Rescued Banks Agreement NSE to partner NCC, FIRS, others on tax incentives NSE places Omatek, Dangote Flour others on full suspension
CBN
CBN
Islamic Bankin g Bankin g Refor ms Fundin g Capital Base Bond Market Margin Loans Corpor ate Gover nance Financ e Limit Withdr awal Naira mainta in Islamic Bankin g Policy Interv ention fund Demut ualizati on Market Maker Fund Interv ention Treasu ry bills Rescue d Banks Recapi talisati on Invest or's educat ion Merger Recapi talisati on Partne rship Full Suspe nsion
Not Given Not Given Not Given Imme diate effect Not Given Not Given Not Given Not Given Not Given Not Given Not Given Not Given Not Given
CBN CBN
SEC
CBN CBN
01-Jul-11
CBN
05-Jul-11
CBN
06-Jul-11
CBN
08-Jul-11
CBN
24,69 6.83
23,83 2.14
3.50 %
13-Jul-11
SEC
31Dec11 ASI Movemen t: Jul 18 Jun 29, 2011Index % Change 23,71 1.90 23,82 6.99 0.49 %
19-Jul-11
CBN
20-Jul-11
SEC
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Page 11
04-Aug11 04-Aug11 08-Aug11 08-Aug11 08-Aug11 08-Aug11 09-Aug11 10-Aug11 11-Aug11 11-Aug11 15-Aug11 17-Aug11 18-Aug11 18-Aug11 22-Aug11 23-Aug11 23-Aug11 24-Aug11 24-Aug11 25-Aug11 25-Aug11 26-Aug11 26-Aug11 29-Aug11 29-Aug11 29-Aug11 29-Aug11 01-Sep11 06-Sep11
CBN approves eight more operators for mobile money scheme CBN releases N131bn for commercial agriculture AMCON appoints CEOs, chairmen, boards for nationalised banks NSE projects $1trn market capitalisation by 2016 SEC suspends trading in shares of acquired banks NSE to Upgrade Technology to International Standard NSE to de-list Afribank, Bank PHB, Spring Bank shares CBN raises team to tackle inflation SEC tasks audit committees over corporate governance NSE begs investors not to dump shares CBN to Sanction Erring PoS Operators AMCON loses N230bn in nationalised banks CBN approves rescued bank MDs as consultant to new lenders CBN, NDIC begin probe of nationalised banks CBN removes limit on forex sale to BDCs SEC to clear rescued banks TIAs before September 30 Other rescued banks will meet recapitalisation deadline CBN CBN grants UBA mobile payment licence NSE moves to attract investments as index dips CBN may revoke licences of 16 PMIs CBNs Special Intervention Bolster Naira CBN issues new guidelines for management positions Nationalised banks: AMCON assures workers of job security CBN sells N79.6bn in treasury bills NSE places NBC shares on full suspension NSE begins research on tax incentives for telecoms, petroleum firms, others CBN extends interbank guarantee to ETB 15 firms still on full suspension NSE CBN to hold 5 10% of forex in Chinese Yuan
Mobile bankin g Agricul ture Nation alised Banks Market Cap Suspe nsion Upgra de Delisting
23,91 6.90
22,39 0.45
6.38 %
SEC
CBN CBN SEC CBN Recapi talisati on Mobile bankin g Market Develo pment Revaca tion Monet ary Policy
CBN
22,06 1.21
21,49 7.61
2.55 %
NSE CBN
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Page 12
06-Sep11 07-Sep11 08-Sep11 08-Sep11 09-Sep11 09-Sep11 12-Sep11 14-Sep11 15-Sep11 20-Sep11 27-Sep11 06-Oct11 07-Oct11 10-Oct11 10-Oct11 11-Oct11 12-Oct11 13-Oct11 17-Oct11 18-Oct11 19-Oct11 24-Oct11 25-Oct11 25-Oct11 27-Oct11 31-Oct11 02-Nov11 03-Nov11 03-Nov11 09-Nov11 09-Nov11 10-Nov11
Forex: CBN may penalise 21 banks for round tripping CBN Joins Alliance for Financial Inclusion' CBN may raise interest rate if inflation not below 10% NSE approves three new issues to deepen market Asset Company to adopt phased disposal of assets Nigeria spends N1.73trn to stablise financial system CBN Compliance: NSE Mulls Training of Stockbrokers NSEs New Market Structure Emerges Sanusi challenges financial institutions on FSS 2020 MPC raises benchmark rate to 9.25% CBN Denies Link in Mainstreet Bank's Emergence CBN in fresh probe of seven banks CBN to stop oil firms from buying dollars NSE Approves 2 Banking Mergers Issues CBN: Banks Capital Adequacy Ratio Now 17% Hard times for borrowers as CBN raises MPR to 12 percent NSE delists Oceanic Bank shares CBN Changes Computation Method for CRR CBN Sells N202bn Treasury Bills SEC projects robust capital market by 2016 NSE awaits SEC approval on share buy-back CBN cuts banks dollar reserve to stabilise Naira NSE introduces New Gold Exchange Traded Fund for investors CBN Outlines New Agric Policy CBN Recovers 200 Houses from Former Bank Chiefs NSE market segmentation commences tomorrow NSE grants waivers to encourage new listings CBN Tasks Nigerians on Electronic Payment Systems NSE announces new penalties for errant operators CBN sets modalities for offsite ATM operations SEC Strengthens Regulation of Mutual Fund Schemes NSE lists roadmap to market recovery
CBN CBN CBN NSE AMCO N CBN NSE NSE CBN CBN CBN CBN CBN NSE CBN CBN NSE CBN CBN SEC NSE CBN CBN CBN CBN NSE NSE CBN NSE CBN SEC NSE Operat ion 01Nov11
2011Index % Change
21,29 9.55
21,10 4.10
0.92 %
21,03 2.53
20,37 3.00
3.14 %
20,58 1.30
20,07 1.36
2.48 %
20,01 1.72
20,93 4.96
4.61 %
20,83 7.58
20,41 6.10
2.02 %
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Page 13
10-Nov11 11-Nov11 14-Nov11 14-Nov11 14-Nov11 14-Nov11 15-Nov11 17-Nov11 17-Nov11 17-Nov11 17-Nov11 18-Nov11 21-Nov11 21-Nov11 21-Nov11 21-Nov11 21-Nov11 22-Nov11 22-Nov11 23-Nov11 23-Nov11 23-Nov11 23-Nov11 23-Nov11 23-Nov11 23-Nov11 23-Nov11 24-Nov11 24-Nov11 24-Nov11 25-Nov11
CBN pegs maximum dollar sale per pilgrim at $1,000 Investors must produce in Nigeria or leave Sanusi CBN sells N132bn in bills, yields down Total non-performing bank loans now N688bn NDIC CBN Disburses N137bn for Agriculture CBN Withdraws N132bn from Circulation Onyema: Capital Market, Still Best for Long-term Investments CBN insists nationalised banks are operational 6% customers owned 88% of bank deposits in 2010 NDIC Sanusi: Compel Multinationals to List on NSE CBN Disburses N119bn Power, Airline Fund Why SEC has not approved Union Bank's rights issue CBN to move more reserves to Chinese renminbi CBN to unveil new Forex policy this week NSE admits N8b Dana Group's bond issue NSE Seeks Cooperation for Stock Market Growth CBN invests $5m in Int'l Islamic Liquidity Mgt Corporation CBN widens exchange rate band, maintains MPR at 12 per cent DMO reconstructs 24statesdebts CBN considers liquidity facility for PMIs to rebuild market confidence Bank lending rose by 24.5% in October CBN Naira steady after CBN devalues currency NSE pegs market makers' capital at N500m Ministries, SEC to Stimulate Venture Capital NDIC Liquidates 103 MFBs in Two Years NSE Lists N8bn Dana Bond CBN considers liquidity facility for PMIs to rebuild market confidence CBN to introduce policy on currency substitution ahead cash-less economy First ETF for listing on NSE Failed banks not nationalised, says CBN CBN sells N111bn treasury bills
NDIC
CBN CBN NSE CBN NDIC CBN CBN SEC CBN CBN CBN NSE CBN This week ASI Movemen t: Nov 14 - Nov 18, 2011Index % Change
20,42 6.19
20,31 1.51
0.56 %
CBN DMO CBN ASI Movemen t: Nov 21 - Nov 25, 2011Index % Change 20,28 6.44 20,12 2.14 0.81 %
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CBN harps on efficient currency management CBN: 82 of 104 Finance Houses Unhealthy CBN, NDIC constitute committee on Savannah Bank reopening AMCON recovers N471bn of bad loans CBN to sanction firms over non-compliance with settlement report NSE Moves for Full Dematerialisation of Shares NSE raises Investor Protection Fund to N600m CBN: e-Payment of Salaries, Supplies Commence Jan 2012 Central banks move to stabilize financial system CBN Mandates FITC to Train Bank Directors on Corporate Governance CBN role in Islamic Liquidity Management Corporation under scrutiny CBN, German agency sign MoU on microfinance, others AMCONs N3.14tn bonds have refinancing risks DMO NDIC hands over Hallmark Homes to Centage Savings Banks record 74% decline in cheque transactions CBN Rights Issue: SEC grants approval to Union Bank NSE lists Delta N50bn bond AMCON begins valuation of borrowers' assets NDIC, CBN urge banks to strengthen capacity We'll take over any ailing bank AMCON Capital Market Revival: SEC Inaugurates 7 Subcommittees CBN maps out strategy to check frauds in electronic payment CBN: Banking system now stable CBN disburses N136.8bn for agric projects NSE set to explore N800tn global ETF market Securities Lending to Commence Q1 of 2012 Investor Education: SEC to Leverage Akwa Ibom's eLibrary SEC to develop road map to increase issuances CBN bans telcos from mobile money advertisement
CBN CBN CBN, NDIC AMCO N CBN NSE NSE NSE ePayme nt Financi al Syste m Corpor ate Gover nance Liquidi ty Manag ement Jan-12 ASI Movemen t: Nov 28 - Nov 30, 2011Index % Change
20,10 3.22
20,00 3.36
0.50 %
CBN
05-Dec11
CBN
06-Dec11 07-Dec11 08-Dec11 08-Dec11 12-Dec11 12-Dec11 12-Dec11 12-Dec11 14-Dec11 19-Dec11 19-Dec11 19-Dec11 19-Dec11 19-Dec11 21-Dec11 21-Dec11 21-Dec11 22-Dec11 29-Dec11
CBN
19,96 7.84
19,78 5.03
0.92 %
CBN DMO NDIC CBN SEC NSE AMCO N NDIC, CBN AMCO N SEC
19,79 1.00
20,04 5.31
1.28 %
CBN CBN CBN NSE NSE SEC SEC CBN ASI Movemen t: Dec 20 - Dec 30, 2011Index % Change 20,12 2.80 20,73 0.63 3.02 %
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30-Dec11
NDIC floats help desk for MFBs SEC to firm up 30-Decdematerialisation process in 11 2012 Oteh Source: Proshare Research December 2011
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