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The Nigerian Stock Exchange (NSE) has emerged the preferred host of the 22nd Annual Conference of the African Securities Exchanges Association (ASEA) scheduled to hold from 25 to 27 November, 2018, at the Oriental Hotel Lagos. NSE won a similar hosting right for the 2009 edition which was held in Abuja.
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IFC, a member of the World Bank Group, today announced that it led the $8.6 million Series A equity investment in Africa’s Talking, a Kenyan based communication-platform-as-a-service (“cPAAS”) API startup, to enable the startup to expand its footprint across the continent. As part of the deal, Wale Ayeni, who leads IFC’s venture capital activities in Africa will join the board; other investors in the round include global venture capital funds, Orange Digital Ventures and Social Capital.
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The Board of Directors of Chevron Corporation has declared a quarterly dividend of one dollar and twelve cents($1.12) per share, payable June 11, 2018, to all holders of common stock as shown on the transfer records of the Corporation at the close of business May 18, 2018.
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WorldStage Newsonline– Market capitalisation on Nigerian Stock Exchange (NSE) shed N17 billion or 0.11 per cent on Wednesday to close at N14.721 trillion against N14. 738 trillion on Tuesday.
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The Nigerian Stock Exchange (NSE) is pleased to announce that it has signed a Memorandum of Understanding (MoU) with RecyclePoints Limited for the collection and recycling of waste materials generated at The Exchange’s offices. This initiative is also a demonstration of the Exchange’s effort to ‘End Plastic Pollution’, which is the theme of this year’s Earth Day, celebrated globally on April 22, every year.
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As part of its Employee Give-Back Drive, during the last Easter celebrations, employees of The Nigerian Stock Exchange (NSE) came together to donate money to fund medical bills for 10 children in SOS Children’s Village, Lagos, an initiative which aligns with the Exchange’s Corporate Social Responsibility strategy.
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A Memorandum of Understanding to enhance collaboration on sustainable economic development was signed on April 18 by the Asian Infrastructure Investment Bank and the African Development Bank and formalized during the World Bank-International Monetary Fund Spring Meetings in Washington, DC.
Read More The European Investment Bank and the African Development Bank have agreed to support the creation of the new Development Bank of Nigeria to strengthen lending for business and agriculture investment in the country. The European Investment Bank has finalized a US $20-million equity stake in the new financing institution, alongside US $50-million equity participation from the African Development Bank.
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Photo News: Nigeria Fitch Ratings meeting at the World Bank
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The European Investment Bank (EIB), the EU Bank, and the International Monetary Fund (IMF), have signed a Letter of Understanding to pool their expertise and experience to promote sustainable economic development, financial stability and inclusive growth in Africa. The EIB will contribute with EUR 3m to IMF economic institutions, namely the African Regional Capacity Development Centers (AFRITACs) and the Financial Sector Stability Fund (FSSF), and will launch a new course with the IMF on financial intermediation and financial inclusion. As well as funding, the EIB will provide guidance to the AFRITACs and FSSF by participating in their governing bodies.
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