Markets
At Last, Buhari Approves Posting of 95 Ambassadors
President Muhammadu Buhari has finally approved the posting of new ambassadors-designate to Nigerian Missions abroad. The Ministry of Foreign...
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Naira slumps further, exchanges for 473/$
The naira suffered further setback at the parallel market and Investors and Exporters forex window on Tuesday. According to...
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Awaiting CBN’s foreign exchange rate unification
• Normalise rates to boost transactions, says LCCI boss • Rewane warns against exchange rate fixing • Political consideration, intrigues...
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All-Share Index Rises 0.36% as Market Extends Gains
The stock market extended its positive performance yesterday as the Nigerian Stock Exchange (NSE) All-Share Index (ASI) rose 0.36 per...
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Dangote Cement Buys Back N9.8bn Worth of Shares
Dangote Cement Plc has bought back 40.2 million shares for N9.77 billion during the first tranche of its share buyback...
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‘Insecurity of Oil Assets May Hinder Nigeria’s Market Share’
With the easing of production cut by the Organisation of Petroleum Exporting Countries and allies (OPEC+), experts have warned that...
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CAC generates N19bn, remits N2.7bn to FG’s account
The Corporate Affairs Commission on Monday announced a revenue generation of N19bn for its 2020 fiscal year. It also...
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Stock market gains N16bn after first weekly loss
The equity market, on Monday, returned to positive territory as the Nigerian Stock Exchange All-Share Index and market capitalisation rose...
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Analysts: More Banks to Adopt HoldCo Structure to Diversify Earnings
Analysts have predicted that more commercial banks will soon convert to a holding company (HoldCo) structure as they seek to...
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‘Why FG must not be allowed to borrow unclaimed dividends’
The Socio-Economic Rights and Accountability Project (SERAP) has advised the Federal Government to drop plan to borrow about N895billion from...
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Stock market loses N80bn in first trading week
Trading activities on the floor of the Nigerian Stock Exchange closed with a loss of N80bn at the end of...
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Abbey Mortgage Bank Shops for N2.954bn via Rights Issue
Abbey Mortgage Bank Plc is shopping for N2.954 billion from existing shareholders through a right issue. The company is issuing...
Read moreCapital market loses N246bn in six hours of trading
The bears dominated trading activities on the Nigerian Stock Exchange on Friday with the market capitalisation losing N246bn in six...
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Fed Govt lists December savings bonds
THE Federal Government has listed the latest tranches of the Federal Government of Nigeria Savings Bond (FGNSB) on the Nigerian...
Read moreSeplat, FTN Cocoa, others lead NSE N66b gain
Following gains recorded by most blue chip stocks, especially Seplat and FTN Cocoa, transactions on the Nigerian Stock Exchange (NSE)...
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‘Digital assets will become more popular’
Digital assets and cryptocurrency will consolidate their record-breaking performance in 2021. Chief Executive Officer, Eagle Global Markets (EGM), Gbite...
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Access Bank acquires Zambia’s Cavmont Bank
Access Bank Plc has strengthened its operations in Zambia with the completion of acquisition of Cavmont Bank Limited. The...
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NSE announces CEOs for emerging entities
The National Council of Nigerian Stock Exchange (NSE) has announced chief executives to head its operating and non-operating companies when...
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Brent crosses $53 as OPEC meeting resumes
The price of Brent oil gained more than four per cent yesterday as the Organisation of Petroleum Exporting Countries (OPEC)...
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Notore Records N9.48 Billion Profit in 2020
Notore Chemical Industries Plc recorded an operating profit of N9.48 billion as against the N3.418 billion made in the preceding...
Read moreAbbey Mortgage Bank floats N3b rights issue
Abbey Mortgage Bank Plc has opened acceptance list to raise about N3.03 billion new equity funds from its shareholders. ...
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Peace Mass Transit Acquires 55.82% Shares of C&I Leasing
C&I Leasing Plc yesterday announced the purchase of 313,326,316 units of the Neoma Africa Fund L.L.C by Peace Mass Transit...
Read moreOil tumbles after hitting $53, OPEC+ delays decision
The international oil benchmark, Brent crude, tumbled on Monday after hitting a record high of $53 ahead of the meeting...
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All-Share Index Rises 2.2% as Market Begins 2021 on Positive Note
The equities market began 2021 on positive note yesterday as the Nigerian Stock Exchange (NSE) All-Share Index (ASI) rose 2.18...
Read moreCBN defends naira with $4.37bn in three months
The Central Bank of Nigeria injected $4.37bn into the foreign exchange market in the third quarter of 2020 as part...
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