Markets
Stocks Market Hits New High on Sustained Bargain Hunting
Trading in the domestic equities market continued on bullish note as bargain hunting lifted indicators to new record highs. The...
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FBN Holdings Shares Grossly Undervalued, Says Eke
The current share price of FBN Holdings does not reflect the financial performance and future prospects of the holding company,...
Read moreNSE to earn N5 on N1m bond
THE Nigerian Stock Exchange (NSE) will from today earn N5 on every N1 million worth of transactions at its fixed-income...
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Dangote Sugar lists 146.88m Savannah Sugar’s acquisition shares
DANGOTE Sugar Refinery (DSR) has completed the acquisition of Savannah Sugar Company Limited with the listing of more shares that...
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Stock investors gain N350bn as market cap hits N14tn
Activities on the floor of the Nigerian Stock Exchange closed last week on the positive trajectory as the NSE All-Share...
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NSE’s capitalisation hits N14tr mark amid sustained bulls run
The Nigerian Stock Exchange (NSE) market capitalisation closed trading for the month of September at N14 trillion, yesterday, amid sustained...
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NG Clearing gets SEC’s nod for CCP clearing house
The Securities and Exchange Commission (SEC) has granted NG Clearing Limited approval-in-principle to launch clearing and settlement of Exchange traded...
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40 per cent of bank deposits in dollars
HIGH networth Nigerians now prefer to save their cash in dollars, a report has shown. The Coronation Research in a...
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‘Digital assets classification will protect investors’
Securities and Exchange Commission (SEC) has said recent guidelines on Digital Assets, Classification and Treatment is aimed at boosting investors’...
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Experts want SEC, CBN clear directive on cryptocurrency in Nigeria
Financial experts have stressed the need for the Securities and Exchange Commission (SEC), and Central Bank of Nigeria (CBN) to...
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Sustained bargain-hunting push index further by 0.39%
Sustained appetite in the shares of most highly capitalised stocks lifted transactions on the equity sector of the Nigerian Stock...
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Nigeria far from financial inclusion target – CBN Report
A report by the Central Bank of Nigeria and the Enhancing Financial Innovation & Access has said that Nigeria is...
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Shareholders approve PZ’s sale of land to WAMCO
Shareholders of PZ Cussons Nigeria Plc have unanimously approved the resolutions authorizing their directors to, on behalf of the company,...
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Strike Averted as FG, Labour Reach Compromise on Palliative
The nationwide strike by organised labour scheduled to commence today will not happen as the unions and the federal government...
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Unity Bank targets N4.96bn gross earnings in Q4
Unity Bank Plc has said it is targeting to realise N4.98bn gross earnings for the fourth quarter of 2020. The...
Read moreStock market extends weekly gains by N390bn
The Nigerian equity market extended its weekly gains by N390bn last week. The Nigerian Stock Exchange All-Share Index and market...
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Non-performing loans rise by N50bn on increased lending
Banks’ non-performing loans rose by N50bn to N1.17tn as of the end of August from N1.12tn as of the end...
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FMDQ Turnover Sheds N4.5tn in August
Investments at the Fixed Income and Currency (FIC) markets suffered a setback in the month of August as investors reduced...
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Stock Market Boosted As Investors Gain N106bn
rice appreciation in Nigerian Breweries (+10.0 per cent), Dangote Cement (+0.9%) and Guaranty Trust Bank (+2.0%) buoyed positive returns in...
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BDCs Seek Approval for Electronic FX Trading
The Association of Bureaux De Change Operators of Nigeria (ABCON) yesterday appealed to the Central Bank of Nigeria (CBN) to...
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Dangote Cement pays over N1 trillion dividends in seven years
Dangote Cement has paid its shareholders over N1trillion as dividends in the past seven years, as part of efforts to...
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NSE admits United Capital’s N10bn bond
The Nigerian Stock Exchange (NSE) yesterday admitted United Capital Plc’s N10bn 5 Year 12.5 per cent Senior Unsecured Fixed Rate...
Read moreRenewed bargain-hunting pushes index by 0.31 per cent
The Nigerian equities market rebounded yesterday, occasioned by bargain-hunting in most blue-chip stocks, causing the All-Share Index (ASI), to advance...
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CBN decries speculation as naira plunges, exchanges for 465/$
Declining export receipts from oil and speculative activities of the Bureau De Change operators among other challenges of the COVID-19...
Read moreGTBank, MTN Propel Marginal Stock Market Appreciation
Gains recorded by Guaranty Trust Bank Plc and MTN Nigeria Communications Plc led to a marginal appreciation in the Nigerian...
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