Markets
Shareholders approve GTB’s holding company
Shareholders of Guaranty Trust Bank (GTB) Plc at the weekend approved the restructuring of the bank to a holding company...
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Stock Market Gains N138bn Despite Profit Taking
The stock market posted positive performance last week despite profit taking by some investors, as it sustained the growth recorded...
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Agusto & Co. assigns a ‘Bbb-’ rating to Jaiz Bank Plc, with a stable outlook
Agusto & Co. hereby assigns a ‘Bbb-’ rating to Jaiz Bank Plc (‘Jaiz Bank’ or ‘the Bank’), reflecting the Bank’s...
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NSE: Application of 0.08% Stamp Duty Begins December 7
The Nigerian Stock Exchange (NSE) yesterday said from Monday, December 7, the Stamp Duty rate of 0.08 per cent on...
Read moreStock market down by N42bn on profit-taking
The Nigerian equity market returned to negative territory on Wednesday as investors began to take profits to increase capital gains....
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CBN introduces new bills to control liquidity
The Central Bank of Nigeria has said it has introduced special bills as part of efforts to deepen the financial...
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Dollar savers offload deposits as naira exchanges for N490/$
The naira on Tuesday recorded significant gains against the dollar. The local currency’s appreciation against the greenback came a day...
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May & Baker Nigeria grows Q3 profit by 44% to N1b
May & Baker Nigeria Plc crossed a landmark to a pre-tax profit of N1 billion in the third quarter as...
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Stock market resumes December upbeat as capitalisation rises by N55b
The equity market resumed December trading in an uptrend with market capitalisation increasing by N55 billion. At the close of...
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Forex scarcity bites harder, CBN amends diasporan remittance law
The Central Bank of Nigeria said on Monday that it had amended the procedures for receipt of diaspora remittances as...
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Crash in money market instruments triggers N2.3tr gain
Investors on the Nigerian Stock Exchange (NSE) gained N2.3 trillion in November, as the market recorded its best monthly appreciation...
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Nigerian equities recover with N390 billion gain
Nigerian equities rode on the back of global optimism and domestic bargain-hunting to close weekend with net capital gain of...
Read moreBDCs Now to Sell Dollars at N392$1
The Central Bank of Nigeria (CBN) has adjusted the exchange rate Bureau De Change (BDC) operators are to sell the...
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Banks’ Profits Rise to N677bn Despite COVID-19 Harsh Conditions
Despite the economic meltdown caused by the COVID-19 pandemic, the nine months 2020 financial results of 12 commercial banks have...
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Nestlé mops up more Nigerian shares
World’s largest food company, Nestlé S.A at the weekend continued its direct secondary market purchase of shares of its Nigerian...
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Border closure: Manufacturers losing market share daily
Manufacturers Association of Nigeria says its members are losing market share daily to other African countries due to the closure...
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Naira Weakens to Lowest in Three Years
The Naira yesterday weakened to the lowest in over three years in the parallel market due to increased demand for...
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FG Seeks New Eurobond, Emefiele Foresees 2% GDP Growth in 2021
The federal government yesterday disclosed that it would approach the Eurobond market next year in its effort to shore up...
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Oil falls to $47 as fate of OPEC+ deal uncertain
The international oil benchmark, Brent crude, pared some of its recent gains on Thursday as what seemed to be shaping...
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InfraCredit to Raise Fresh Capital
The Infrastructure Credit Guarantee Company (InfraCredit) has revealed plan to raise additional capital to fund critical projects in Nigeria. The...
Read moreEquities 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...
Read moreEquities sustain recovery with N224b gain
NIGERIAN equities sustained a second day of consecutive rally as bargain-hunters opened up orders at higher prices to attract deals...
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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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Naira weakens badly
• As MPC retains policy rate, other parameters • Food inflation to moderate as harvest starts, says Emefiele • We...
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