alpha10 - Alpha10 Group

10 Aug

Global Market Update for the Week Ended 9th August, 2024

August 10, 2024
Posted by alpha10
Leave a comment

GDP (%)INFLATION RATE (%)MPR (%)BOT (N'm)CURRENCY (NAFEM)BRENT CRUDE ($)EXTERNAL RESERVE (US $'b)DEBT (N'tri)UNEMPLOYMENTMARKET CAP(N'tri)Current 2.99% 34.19% 26.75% (₦6,524.17) ₦1,574.20 $82.82 36.87 121.67 5.00% 55.98Previous3.54%33.95%26.25%(₦1,414.30)₦1,617.08$80.5936.7997.344.20% 55.50 GLOBAL...

08 Aug

News

UNITY BANK & PROVIDUS MERGER: CBN’S RELIEF PACKAGE

August 8, 2024
Posted by alpha10
Leave a comment

The Central Bank of Nigeria (CBN) has approved the merger between Providus Bank and Unity Bank. The announcement was made by the Acting Director of Corporate Communications, Hakama Sidi, on Tuesday.

16 Jul

Market insights

THE 2024 BANK RECAPITALIZATION PROGRAMME IN NIGERIA

July 16, 2024
Posted by alpha10
Leave a comment

The Central Bank of Nigeria (CBN) and the Securities and Exchange Commission (SEC) have jointly introduced a comprehensive framework for the 2024 Banking Sector Capitalization Programme. This initiative aims to enhance the...

16 Jul

News

THE 2024 BANK RECAPITALIZATION PROGRAMME IN NIGERIA

July 16, 2024
Posted by alpha10
Leave a comment

The Central Bank of Nigeria (CBN) and the Securities and Exchange Commission (SEC) have jointly introduced a comprehensive framework for the 2024 Banking Sector Capitalization Programme. This initiative aims to enhance the...

18 Jun

News

NIGERIA’S INFLATION RATE RISES TO 33.95% IN MAY, 2024

June 18, 2024
Posted by alpha10
Leave a comment

In May 2024, Nigeria experienced an increase in its headline inflation rate according to the data released by the National Bureau of Statistics on 15th of June, 2024. On...

18 Jun

News

NIGERIA’S INFLATION RATE RISES TO 33.95% IN MAY, 2024

June 18, 2024
Posted by alpha10
Leave a comment

In May 2024, Nigeria experienced an increase in its headline inflation rate according to the data released by the National Bureau of Statistics on 15th of June, 2024. On...

06 Jun

News

NAIRA’S OMISSION FROM IMF’S EXCHANGE RATE LISTING: IMPLICATIONS AND SOLUTIONS

June 6, 2024
Posted by alpha10
Leave a comment

On June 4, 2024, the Nigerian Naira faced a significant setback as it was excluded from the International Monetary Fund's (IMF) Representative Exchange Rates for Selected Currencies list. This exclusion has raised...

05 Jun

News

HERITAGE BANK: LICENSE REVOCATION, CHALLENGES, AND LOAN REPAYMENT

June 5, 2024
Posted by alpha10
Leave a comment

On June 3, 2024, the Central Bank of Nigeria (CBN) took a significant step by revoking the banking license of Heritage Bank Plc. Heritage Bank, founded in the 1970s as Societe Generale...

15 May

Market insights, News

NIGERIA’S SEC INTRODUCES NEW RULES FOR PRIVATE COMPANIES’ SECURITIES ISSUANCE

May 15, 2024
Posted by alpha10
Leave a comment

The Securities and Exchange Commission (SEC) in Nigeria has recently introduced strict regulations to govern the issuance and allotment of securities by private companies. The Commission said the rules were made...

13 May

Market insights, News

UNDERSTANDING NIGERIA’S NEW 0.5% CYBERSECURITY LEVY: IMPLEMENTATION AND IMPLICATION

May 31, 2024
Posted by alpha10
Leave a comment

On May 6, 2024, the Central Bank of Nigeria (CBN) released a circular requiring Banks and Other Financial Institutions to initiate deductions for a cybersecurity levy. This is coming after the National...