Markets
Ecobank Nigeria Secures N50bn 10-Year Subordinated Loan
Ecobank Transnational Incorporated (ETI), the parent of the Ecobank Group, yesterday said that one of its significant subsidiaries, Ecobank Nigeria,...
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NSE admits 2.64 billion shares of Transcorp Hotel
The Nigerian Stock Exchange has listed 2.64bn ordinary shares of Transcorp Hotel Plc on the Daily Official List of the...
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From Oil Trading to Human Capital Transformation and Innovation
History is rife with enthralling stories of notable men and women who made a name for themselves through the brazen...
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Lafarge Africa to Divest 35% Shareholding in CBI Ghana
Lafarge Africa Plc, a cement manufacturer, has disclosed its decision to divest its 35 per cent shareholding in Continental Blue...
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African electronic payment market to grow by $27 billion in 2025
The African electronic payments market is expected to grow at 18 to 20 per cent per annum until 2025, reaching...
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NSE All-Share Index Rises 0.23% as Market Rebounds
The stock market rebounded yesterday after two days of decline as the Nigerian Stock Exchange (NSE) All-Share Index (ASI) rose...
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Heirs Holdings’ Audacious Acquisition of OML 17
The bold move by Heirs Holdings which manifested in the successful acquisition of a 45 per cent participating interest in...
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Stocks as Hedge against Inflation
Goddy Egene writes that given the gains being recorded in the equities market, discerning investors could invest in stocks to...
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Stock market extends losing streak as index dips by 0.07%
Nigerian equities market extended negative sentiments at the end of yesterday’s transactions on the trading floor of the Nigerian Stock...
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Stock Exchange to list shares for trading
Plans are underway for the listing of ordinary shares of the holding group for the Nigerian Stock Exchange (NSE) and...
Read moreProfit-taking drags stock market capitalisation by N39 billion
Following renewed profit-taking in some high value stocks, the Nigerian Stock Exchange (NSE) halted a five-day rally to reopen on...
Read moreVetiva Forecasts Stocks to Outperform Market in 2021
Vetiva Capital Management Limited has unveiled its annual list of 10 High Conviction Stocks, that present strong fundamentals and are...
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FMDQ admits CPs of Total, two others on platform
FMDQ Securities Exchange, through its board listing and markets committee, has approved the quotation of the Total Nigeria Plc’s ₦2.25...
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Equities Investors Gain N552bn as Market Rebounds
The stock market rebounded last week recording a gain of N552 billion after declining in the first week of the...
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CBN issues new guidelines on e-payment, fintech development
The Central Bank of Nigeria (CBN) has issued fresh guidelines aimed at strengthening the payment system and development of other...
Read moreEquities Market Rises Further as Bulls Consolidate Hold
The bulls consolidated their hold on the market yesterday as buying interests in Dangote Cement Plc, MTN Nigeria Plc and...
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Report Foresees 13.5% Monetary Policy Rate for Nigeria in 2021
Nigeria’s benchmark Monetary Policy Rate (MPR) has been predicted to rise by 200 basis points to 13.5 per cent in...
Read moreNSE to review market activities, provide 2021 outlook
The Nigerian Stock Exchange has said it will hold its annual 2020 Market Recap and 2021 Outlook next week. ...
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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...
Read moreAwaiting CBN’s foreign exchange rate unification
• Normalise rates to boost transactions, says LCCI boss • Rewane warns against exchange rate fixing • Political consideration, intrigues...
Read moreAll-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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