Markets
Ex-Mobil Oil Nigeria to delist from NSE
Shareholders of 11Plc, formerly Mobil Oil Nigeria Plc, have approved a resolution for the voluntary delisting of the downstream oil...
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NSE suspends Sunu Assurances
The Nigerian Stock Exchange (NSE) has placed Sunu Assurances Nigeria Plc on full suspension, implying a total cessation of trading...
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Naira slides to 460/$ at parallel market
The naira fell slightly at the parallel market on Monday, as it exchanged to the dollar for N460/$ as of...
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Stock market defies unrest, closes flat
Despite continued #EndSARS protest in major cities of the country, the Nigerian Stock Exchange (NSE) closed flat yesterday as investors...
Read moreSunu Assurances Nigeria Moves to Reconstruct Shares
Sunu Assurances Nigeria Plc has submitted an application to the Nigerian Stock Exchange to carry out a share reconstruction exercise....
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UBA, GTB, Zenith account for N15.88bn transactions
The most traded stocks on the floor of the stock market last week were United Bank for Africa Plc, Guaranty...
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Trading Value Rises by 57% to N5 Billion
Trading value rose by 56.7 per cent as investors staked N5 billion on 342.2 million shares yesterday, up from N3.1...
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OPEC raises 2020 demand forecast over China’s recovery
The Organization of the Petroleum Exporting Countries (OPEC), has raised its global oil demand forecast for 2020 by 60,000 barrels...
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Investors Stake N3.1bn on 218m Shares as Index Closes Flat
Investors staked N3.139 billion on 218.424 million shares in 3,896 deals yesterday as the stock market declined by 37.5 per...
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NSE seeks increased liquidity in fixed income securities
The Nigerian Stock Exchange (NSE) has reiterated its commitment to providing a hybrid market for dealers as well as institutional...
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Equities rebound as investors stake N5.02b
AFTER four consecutive negative trading, Nigerian equities returned to the positive side yesterday as increased bargain-hunting overshadowed profit-taking transactions on...
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Raise banks’ liquidity ratio to discourage foreign currency holding, ABCON charges CBN
• Warns against pegging interest rates to avoid faulty system • Says increasing retirement age would aggravate youth unemployment ...
Read moreEquity market extends downturn by N41bn
Transactions in the Nigerian equity market on Monday closed negative, as losing streak extended to the fourth consecutive trading days,...
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Union Bank Secures $40m from IFC to Boost Trade
Union Bank said it has received a $40 million facility from the International Finance Corporation (IFC), a member of the...
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Nigerian insurance industry’s asset rises to N1.8tn
The Nigerian insurance industry’s assets rose from N1.61tn at the end of the 2019 financial year to N1.8tn in June...
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Abbey Mortgage Bank plans N3b new capital injection
Abbey Mortgage Bank Plc plans to raise about N3.03 billion new equity funds from its shareholders. Regulatory filing at the...
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NCC prosecutes seven for SIM card offences
The Nigerian Communications Commission has secured court convictions of seven persons for SIM-card-related offences. The commission, in a statement by...
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Naira gains N8 as equities make N778b
THE naira appreciated by N8 in the last one week at the parallel market and the equities market recorded major...
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Stocks record 5.3% weekly rise, investors gain N740bn
The nation’s stock market recorded an increase of 5.3 per cent last week, with investors gaining N740bn. The Nigerian Stock...
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Banking Sector Credit Rises to N18.90tn Nationwide
The total banking industry credit to customers in the 36 states of the federation and Federal Capital Territory (FCT) rose...
Read moreStocks Slide As Profit-Taking Persists
Sell pressures continued at the floor of the Nigerian Stock Exchange as sustained profit-taking dragged the All-Share index lower by...
Read moreFed Govt lists N294m savings bonds
The Federal Government yesterday listed its latest savings bonds on the Nigerian Stock Exchange (NSE), paving the way for bondholders...
Read moreProfit Taking Halts 12-day Price Rally at Stock Market
The rally at the stock market was halted yesterday after 12 days as investors moved in to lock in profit...
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Royal announces N14.21b Gross Written Premium
Royal Exchange Company has generated a Gross Written Premium of N14.21 billion as at December 31, 2019. Its net premium...
Read moreStocks hit more than five-year high, gain N710bn
The Nigerian stock market sustained its positive outlook on Tuesday for the 12th trading session as the All-Share Index rose...
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