Business
A wonderful serenity has taken possession of my entire soul, like these sweet mornings of spring which I enjoy with my whole heart.
Equities in tight trade with N17b gain
NIGERIAN equities traded on a tit-for-tat trend yesterday with equal number of advancers and decliners, but gains by large-cap stocks...
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Naira continues further slide
The naira depreciated against the dollar across the official and parallel markets yesterday with many pundits predicting further decline of...
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JV oil assets suffer as NNPC slashes funding
The nation’s oil and gas assets being developed through joint ventures between the Nigerian National Petroleum Corporation and private firms...
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ARM lists Eurobond, fixed income funds
ARM Investment Managers Limited on Wednesday listed two mutual funds on the Memorandum Listing of the Nigerian Stock Exchange (NSE)....
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Emirates offers travellers $500,000 multi-risk travel cover
Emirates airlines has announced that it will provide travellers a multi-risk travel cover worth $500,000 on top of its current...
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Naira value not decided by parallel market, says Emefiele
The Central Bank of Nigeria (CBN) has labeled the foreign exchange parallel market as tainted and a channel for bribery...
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NSE All-Share Index Rises 0.65% as Stock Market Rebounds
The stock market rebounded yesterday which made the Nigerian Stock Exchange (NSE) All-Share Index (ASI) to rise by 0.65 per...
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Nami: FIRS Generates N4.178 trillion in 10 Months
The Federal Inland Revenue Service (FIRS) has said that it generated N4.178 trillion as at October this year, against its...
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Naira plunges further, exchanges for 483/$ over speculation
The naira exchanged to the dollar for 483 in the parallel market on Monday. This was despite the regular interventions...
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NEITI: Nigeria to Earn More Oil Revenue in 2020 than Estimated
Nigeria has surpassed the amount of revenue it planned to earn from its amended 2020 budget and could earn more...
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All-share Index Falls 0.04% as Market Opens on Negative Note
The Nigerian equity market opened for the week on a negative note, declining marginally by 0.04 per cent as profit...
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Insurance sector contracts by 16.54% in Q3
The insurance sector contracted by 16.54 per cent in the third quarter of 2020 financial period, latest figures from the...
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FBN Holdings Grows Profit by 32% to N68bn in Nine Months
FBN Holdings Plc has reported a growth of 31.7 per cent in its profit after tax (PAT) for the nine...
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BOFIA Tightens Noose on Banks’ Control of Dormant Accounts
The Banks and Other Financial Institutions Act (BOFIA) 2020 has tightened the noose on banks’ control of funds in dormant...
Read moreVolatility persists on NSE as profit-taking in high cap stocks drag index by 2.57%
Contrary to the significant buying activities witnessed in the previous weeks, the local market was largely dominated by the bears...
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Securities dealers oppose FG’s proposed unclaimed dividend fund
The proposed plan by the Federal Government to manage unclaimed dividends, projected to hit N200bn by the end of this...
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Zenith Bank, UBA Post N963.4bn Gross Earnings, N236bn Profit
Zenith Bank Plc and United Bank for Africa (UBA) Plc, pan-African financial institutions, have reported a combined gross earnings of...
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Sterling Bank Records N7.1bn Trading Income
Sterling Bank Plc has reported a trading income of N7.1 billion for the nine months quarter ended September 30, 2020,...
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Nigeria spends $500m annually importing palm oil, says FG
Officials from the Federal Ministry of Agriculture and Rural Development, states, agencies and non-governmental organisations on Thursday said Nigeria was...
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Access Bank Grows Profit by 16% to N102bn in Nine Months
Access Bank Plc’s unaudited results for the nine months ended September 30, 2020, has shown that the bank delivered strong...
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Demutualisation: Members support listing of NGXG on NSE platform
Ahead of the planned demutualisation, members of the Nigerian Stock Exchange (NSE), unanimously voted to support the listing of the...
Read moreSelloff persists as market capitalisation depreciates further by N91b
Following persistent sell pressure in some high-value stocks, the domestic equities market closed negative at the end of yesterday’s transactions,...
Read moreCBN Lists Conditions to Relax Third Party Forex Purchase Policy
The Central Bank of Nigeria (CBN) has given conditions to allow the opening of Forms ‘M’ by companies whose forex...
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AMCON confiscates Jimoh Ibrahim’s assets over N69.4billion debt
In continuation of its debt recovery drive, the Asset Management Corporation of Nigeria (AMCON), has taken possession of 12 prime...
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Stock Exchange gets nod to list shares
Members of the Nigerian Stock Exchange (NSE) yesterday voted for the listing of the Exchange after its conversion to a...
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