Business
A wonderful serenity has taken possession of my entire soul, like these sweet mornings of spring which I enjoy with my whole heart.
Stock market loses N12bn
Losses in ACCESS (-2.7%), FBNH (-2.2%) and GUARANTY (-9.1%) have seen market capitalisation fell N12.0bn to N12.9trn at the close...
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Nigeria’s manufacturing sector’s GDP to hit N49.6tr with 40,000Gwh of power supply
If electricity supplied to industries increases to 40,000Gwh within the next seven years, the manufacturing sector’s contribution to the Gross...
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CBN to Auction N795bn Treasury Bills in Q1 2020
The Central Bank of Nigeria (CBN) will in the first quarter of 2020 issue treasury bills worth a total of...
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Banks recorded N42.76tn e-transactions in Q3
A total volume of 800.2 million transactions valued at N42.76tn were recorded in the third quarter of 2019, as data...
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NSE records losses due to banking stocks sell-off
Transactions on the Nigerian Stock Exchange (NSE) on Wednesday maintained a negative outlook for the third consecutive trading sessions. The...
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19-year-old convicted for capital market fraud
A 19-year-old man, Damilola Balogun, has been docked and convicted over a capital market fraud. The Securities and Exchange Commission...
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Telcos responsible for 85% spam calls, says Truecaller
Most spam calls and text messages received by subscribers in the first 10 months of the year originated from telecommunications...
Read moreBanks’ loans to private sector now N16.25trn
The value of credits allocated to the private sector by Nigerian banks hit N16.25 trillion as at the third quarter...
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Eland Shareholders Approve £382m Takeover by Seplat
Shareholders of Eland Oil & Gas Plc have given their backing to the £382 million takeover of the company by...
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Broadband penetration hits 37.8% with 1.2 million new subscribers
Nigeria’s broadband penetration leaped by 2.47 percent between September and October with new 4.71 million subscribers, up from 67.5 million...
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SEC Official Outlines Steps to Deepen Nigeria’s Capital Market
Realising the need to deepen the nation’s capital market, the Head, Economic Research and Policy Management Division, Securities and Exchange...
Read moreCBN loan: How banks created N1.16trn credit in 6 months
In July 2019, the banking regulator, the Central Bank of Nigeria (CBN) set at least 60 percent minimum loan-to-deposit ratio...
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LASG Gets Court Order to Auction 108 Forfeited Vehicles
The Lagos State Environmental and Special Offences (Enforcement) Unit has obtained a Court Order authorising it to auction 108 court...
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Waltersmith Petroman Oil Wins Bid for Acquisition of Block in Equatorial Guinea
Following a competitive bidding process in Equatorial Guinea’s 2019 licensing round (EGRONDA 2019), Waltersmith Petroman Oil Limited, Nigeria’s leading integrated...
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FMDQ weekly report
Commentary on the Foreign Exchange (FX) market with data for the week ended November 29, 2019. (Invisibles) segments. ▪ In...
Read moreCBN’s Monetary Policy Lifts Stock Market by N204bn in November
The Nigerian stock market rebounded in November as the decision by the Central Bank of Nigeria (CBN) to restrict individuals...
Read moreAll-Share Index Gains 0.13 % as Cadbury, 19 Others Lead Price Gainers
The stock market bounced back to positive territory as gains by 19 equities lifted the Nigerian Stock Exchange (NSE) All-Share...
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Camey Injects N4.3bn in Resort Savings, Acquires Majority Stake
In a bid to play a catalytic role in the nation’s mortgage industry, Camey and Rock Business Consulting Limited has...
Read moreBanks earned N180m to deposit N546b with CBN
The nation’s Deposit Money Banks (DMBs) opted to deposit a whopping N545.71 billion in the tills of the Central Bank...
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FG Urged to Eliminate VAT on Capital Market Investments
The federal government has been urged to eliminate value added tax on commission and fees paid by investors to stockbrokers...
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Telecoms operators insist on USSD charges
Telecommunications operators are insisting on implementing charges for the unstructured supplementary service data (USSD).The operators, especially MTN, had stopped the...
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At 59.3 Point, Manufacturing Index Rises for 32nd Consecutive Month
The Manufacturing Purchasing Managers’ Index (PMI) in the month of November stood at 59.3 index points, indicating expansion in the...
Read moreBears sustain dominance on profit-taking as index slumps further
The bears sustained dominance at the end of transactions on the equities sector of the Nigerian Stock Exchange (NSE), yesterday,...
Read moreReduce $57 budget oil benchmark, MPC tells FG
The Monetary Policy Committee of the Central Bank of Nigeria has called on the Federal Government to review downwards the...
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Manufacturers get N459.69bn of N1.169trn loans in 5 months — CBN
Following the loans to deposition ration policy recently announced by the Central Bank of Nigeria (CBN), aggregate deposit money banks’...
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