Markets
NSE Leads Global Stock Market in Performance
The Nigerian Stock Exchange (NSE) All-Share Index is closing 2020 as the best performing, recording a growth of 47.2 per...
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Stock market reopens, upbeat as index rises by 0.80%
The Nigerian stock market yesterday reversed its losing streak to reopen upbeat, as the All-Share Index (ASI) gained 0.80 per...
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Alibaba Increases Share Repurchase Programme
Shares of Alibaba Group Holding Limited listed in Hong Kong fell on Monday over seven per cent to HK$212.20 ($27.37)...
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Court Restrains NAICOM from Enforcing Deadline on Insurance Firms’ Recapitalisation
Justice C. J. Aneke of the Lagos Division of the Federal High Court has restrained the National Insurance Commission (NAICOM)...
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Investors Swoop on Dangote Cement on Share Buyback
The shares of Dangote Cement Plc gained 16.95 per cent last week as investors flocked to the stock following the...
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CBN: Naira recovery against dollar to begin February 2021
THE Central Bank of Nigeria (CBN) has said the naira will begin recovery against the dollar and other global currencies...
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Market Gains 5.4% as Investors Stake N20bn on Shares
The stock market ended last week on another positive note as the Nigerian Stock Exchange’s (NSE) All-Share Index (ASI) rose...
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Will Economy be Better in 2021?
As 2020 draws to a close, many Nigerians look towards 2021 uninspired by the catatonic state of the economy. The...
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Nigeria’s duty-free export to US shrinks to $351.73m
Nigeria’s export to the United States under a duty-free policy declined in the first nine months of 2020, recording $351.73m...
Read moreEquities Market Records Marginal Fall on Profit Taking
The stock market recorded a marginal decline yesterday as some investors moved in to take profit after days of surge...
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Banks borrow N1.7tn from CBN in three months
Deposit Money Banks borrowed N1.7tn from the Central Bank of Nigeria in the third quarter of 2020. The CBN disclosed...
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Fed Govt’s December bond oversubscribed by N70b
THE Debt Management Office (DMO) said the N60 billion bond it offered for December had been oversubscribed by more than...
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Capitalisation hits N20tr as investors gain N476b in a day
The market capitalisation of the Nigerian Stock Exchange (NSE) hit N20 trillion at the end of transactions yesterday, as sentiments...
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Capital market puts public offers online
The Nigerian capital market has inaugurated an online public offering platform to improve depth, convenience and accessibility. It is the...
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2020: Stock Market Soars to Positive Close
With about six trading days left in 2020, the stock market has recovered from the decline suffered in 2018 and...
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Equities open with N334b gain
NIGERIAN equities continued on the upswing yesterday as considerable demand for major cement and oil and gas companies roused the...
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BREAKING: Senate passes N13.5trn 2021 budget
The Senate at a special plenary on Monday passed the 2021 budget totalling N13.5trn. The fiscal document is predicated on...
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Shareholders kick against unclaimed dividend trust fund
SHAREHOLDERS have decried the plan to set up an unclaimed dividend trust fund to takeover unclaimed dividends. Shareholders under the...
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42 microfinance banks lose licences
The Central Bank of Nigeria (CBN) has withdrawn the operating licenses of 42 microfinance banks (MfBs). The affected banks have...
Read moreInvestors Gain N1.3tn as Stock Market Rises to N19tn
The Nigerian stock posted another record performance last week as market indicators hit new highs while investors gained N1.334 trillion...
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Mutual Benefits to raise N4.8b
MUTUAL Benefits Assurance Plc is has embarked on a private placement to raise additional N4.8 billion from its investors to...
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Equities Market Rises Further by 2.1% as Bulls Consolidate Hold
The equities market witnessed further growth yesterday as buying interest in bellwether stocks continued. Gains by Airtel Africa Plc, Dangote...
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Money agents flout CBN’s dollar payment directive
The Central Bank of Nigeria (CBN) has frowned at the flouting of its policy mandating International Money Transfer Operators (IMTOs)...
Read moreInvestors wealth appreciates further by N140b
Transactions on the Nigerian Stock Exchange (NSE) sustained a rising profile yesterday, as more blue-chip stocks joined the league of...
Read moreInvestors Gain N199bn as Market Sustains Positive Momentum
The Nigerian Stock Exchange (NSE) All-Share Index (ASI) rose further by 1.10 per cent to close at 34,225.22 as the...
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