Markets
5,180 BDCs get $51.8m on forex sales resumption
About 5,180 Bureau De Change operators got $10,000 each as the Central Bank of Nigeria fully resumed foreign exchange sales...
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Investors of 7 firms earn N111bn dividend in H1 operations
Seven companies will pay N111.4 billion as interim dividend to their shareholders following their audited accounts for operations in the...
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FG increases efforts to grow insurance premium to N1 trillion
Nigeria’s insururance industry is going through a transformation with the National Insurance Commission (NAICOM), and major players strategizing to take...
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Hyundai recalls 52,000 SUVs
Koreanautomakers Hyundai and Kia are recalling over 600,000 vehicles in the United States and Canada to fix a brake fluid...
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Naira set to gain as CBN resumes forex sales
The resumption of forex sales to the Bureau De Change operators by the Central Bank of Nigeria on Monday (today)...
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CBN Moves against Banks, Gaming Companies over Unauthorised FX Transfers
•Places over 38 firms on PND •To penalise management of banks •Increases target credit facility to N100bn The Central...
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Bellwethers buoy stock market N27 billion gains
Transactions on the Nigerian Stock Exchange (NSE) sustained a rising profile yesterday, as more blue-chip stocks, especially UACN, and Linkage...
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External reserves fall below threshold
• ‘We can’t get firmer naira with dithering external reserves’ • Nigeria lags behind South Africa, Algeria in size, per...
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Outrage as depot price hike may push petrol to N160
Small businesses will be hard hit, manufacturers warn Nigerians are being taken for granted by this govt – NLC The...
Read moreStock market advances with N24bn gain
The equities market, on Wednesday, extended its rally by N24bn following gains recorded by some blue-chip firms. The key performance...
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Naira rebounds, exchanges for 420/$, speculators count losses
The naira exchanged to the dollar at the parallel market at N420/$ on Wednesday, following the interventions made by the...
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GTBank, Stanbic IBTC Announce N135bn Half-year Profit
Guaranty Trust Bank (GTBank) Plc and Stanbic IBTC Holdings Plc yesterday announced their respective audited half year results for the...
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‘Accumulation of raw material inventories fuelled by forex scarcity’
With the Central Bank of Nigeria (CBN) deploying several measures to curb abuses in the foreign exchange (forex) market and...
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Foreign investors hijack rights issues
• Ownership structure threatened • Five firms raise N300b from capital market • Local investors unable to take up rights...
Read moreNSE suspends six firms for failing to file accounts
Regulatory hammer on Tuesday fell on six quoted firms following suspension by the Nigerian Stock Exchange for their inability to...
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Dangote Cement Shops for N50bn to Support Short term Funding
Dangote Cement Plc is issuing Series 17 and 18 Commercial Paper to raise N50 billion under its N150 billion CP...
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CBN drops savings account interest rate to 1.25%
The Central Bank has ordered all Deposit Money Banks to review interest rates on savings accounts to a minimum of...
Read moreMarket closes August trading upbeat as index rises by 0.07%
Following gains recorded by most high capital stocks, the Nigerian Stock Exchange (NSE), ended trading for the month of August...
Read moreNSE defies GDP contraction, as earnings scorecards push index by 0.35%
Transactions at the Nigerian Stock Exchange (NSE) defied the impact of the recently-published 2020 second quarter (Q2) report of 6.1...
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AMCON’s assets under management hit N136.73bn
The assets under management of the Asset Management Corporation of Nigeria stood at N136.73bn while it has about N112.03bn worth...
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Banks’ Credit to Private Sector Rises to N30.189tn
Banking sector’s credit to the private sector rose by N757 billion or 2.57 per cent to N30.189 trillion as of...
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PTAD delists 21,227 unverified pensioners from FG’s payroll
The Pension Transitional Arrangement Directorate says it has concluded arrangements to remove 21,227 unverified parastatal pensioners who are on the...
Read moreNaira gains, exchanges for N470/$
The naira gained slightly on Friday, exchanging for N470/$ in the parallel market in the evening, after selling at N476/$...
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Vivien Shobo Recognised As Icon of the Year at 2020 African Banker Awards
The African Banker Awards has recognised Nigeria’s Vivien Shobo as winner of the African Banker Icon Award 2020 for her...
Read moreCBN to restart weekly dollar sales to BDCs
In a move to strengthen the naira, the Central Bank of Nigeria (CBN) plans to resume dollar sales to Bureau...
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