Markets
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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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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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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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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Volatility 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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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,...
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CBN 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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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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Naira weakens further as dollar sells for 478
The naira extended its decline on Wednesday at the parallel market as the United States dollar was sold for N478....
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Money market crash triggers largest daily gain in five years
Declining interest rates in the fixed income market triggered massive rally on the equities sector of the Nigerian Stock Exchange...
Read moreStock market extends downturn by N278bn
Transactions in the Nigerian equity market on Tuesday closed on a negative note as losing streak extended to the third...
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Financial regulators evolve strategies for risk management under COVID-19
Financial services regulators have their work cut out, amid heightened cybercrimes and credit risks reinforced by the Coronavirus (COVID-19) pandemic,...
Read moreRenewed profit-taking drags index by 0.75 per cent
Following renewed profit-taking, the Nigerian equity market reopened on a downturn yesterday, as the All-Share Index (ASI) fell by 0.75...
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Investors Stake N59bn on Shares as Market Extends Rally
Equities investors will for a long time remember the performance of the market last week as it gained N2.1 trillion...
Read moreWhy equities are rising, by NSE
The Nigerian Stock Exchange (NSE) has attributed the sustained jumpy appreciation in prices of Nigerian equities to smart thinking by...
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Mobile Banking applications remain the most popular platform for digital banking
Agusto & Co Digital Banking Index 2020 Agusto & Co in its third edition of the consumer banking satisfaction index...
Read moreForex reserves decline to $35.63bn, lowest in two months
The nation’s foreign exchange reserves have fallen to the lowest level in more than two months, the latest data from...
Read moreMassive buying triggers circuit breaker on stock exchange
• Investors gain N1 trillion • Operators explain cause of rally For the first time since its introduction in 2016, circuit...
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Guaranty Trust Bank is Nigeria’s best digital bank in 2020 – Agusto & Co
Agusto & Co, a leading research and credit rating agency, in its third edition of Consumer Banking Satisfaction Index report,...
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Lafarge, Honeywell, Dangote Sinotrucks, 34 others enjoy three-year tax holidays
Lafarge Africa Plc, Honeywell Flour Mills Nigeria Plc, Dangote Sinotrucks West Africa, and 34 other firms have been identified as...
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NSE approves Abbey Mortgage Bank’s plan to raise N3b capital
The management of the Nigerian Stock Exchange (NSE) has approved plan by Abbey Mortgage Bank Plc to raise about N3.03...
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