Markets
$11.5bn injected into forex market in Q1 – CBN
The Central Bank of Nigeria injected $11.5bn foreign exchange into the economy in the first three months of 2020. ...
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CBN debits banks N122bn, moves to unify exchange rates
The Central Bank of Nigeria debited N122bn ($338m) from banks’ excess cash with the apex bank before weakening the currency...
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NSE Upgrades X-Issue to Enhance Market Integrity, Efficiency
The Nigerian Stock Exchange (NSE) has upgraded its Issuers’ Portal (X-Issuer) to enable investors, analysts and other stakeholders evaluate data...
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Beta Glass, Julius Berger, others lead market’s N162 billion losses
The Nigerian Stock Exchange (NSE) extended the bearish sentiments at the reopening of transactions yesterday, even as more blue-chip stocks...
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Citibank Boss Tasks FG on Reforms to Increase FDIs
The Cluster Head in Sub-saharan Africa (SSA), Citibank, Mr. Akin Dawodu has advised the federal government to initiate reforms that...
Read moreRising COVID-19 cases, unfavourable policies drag NSE’s index by 1.99%
The Nigerian Stock Exchange (NSE) suffered another week of losses, amid rising COVID-19 cases, and the persisting foreign exchange (forex)...
Read moreBank credits vulnerable to falling oil prices — MPC member
Falling prices in the oil and gas sector which gulp 26 per cent of the credit in the banking sector...
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Maintaining Downward Streak, FMDQ Turnover Dropped by N5tn in May
Turnover in the FMDQ market platform witnessed a drop of about N5.0trillion in May with turnover declined by 29.34 per...
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NSIA grows assets to N649.84bn, records N36.15bn profit
The Nigeria Sovereign Investment Authority on Friday disclosed that it grew its total assets from N617.7bn in 2018 to N649.84bn...
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Nova Merchant Bank Raises N10bn Bond to Boost Growth
Nova Merchant Bank Limited is seeking to raise up to N10 billion 7-year Fixed Rate Subordinated Unsecured Bonds under its...
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GTI Asset Management Limited gets a “BBB-(IM)”
Rating expires 1 June 2021 Agusto & Co assigns a BBB-(IM) to GTI Asset Management & Trust Limited ('GTI-AML' or 'the Manager')....
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Agusto & Co. assigns an “A-(f)” rating to Zenith Money Market Fund
The rating expires on 31 March 2021. Agusto & Co affirms the A-(f) rating assigned to Zenith Money Market Fund (“Zenith...
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Investors lose N115bn as stocks reverse gains
Investors lost a total of N115bn on Thursday as the nation’s stock market closed in the red amid profit-taking activities....
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Agusto & Co. affirms the “Aa-” rating assigned to Rand Merchant Bank Nigeria Limited
The rating expires on 30 June 2021. The rating assigned to Rand Merchant Bank Nigeria Limited (“RMBN” or “the Bank”) reflects its...
Read moreStock market resumes July upbeat as index rises by 0.47%
Following price gains recorded by most blue-chip stocks, the equities market resumed trading for the month of July upbeat, causing...
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Agusto & Co. assigns a ‘Bb’ rating to Providus Bank Plc.
The rating expires on 30 June 2021. The rating assigned to Providus Bank Plc (“ProvidusBank” or “the Bank”) reflects its growing brand...
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AXA Mansard records N21b gross premium
Despite the challenging operating environment, AXA Mansard Insurance Plc, in its unaudited financial report 2020, has announced a Gross Written...
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Stocks shed N198bn as Cadbury, BUA Cement lead losers
The nation’s stock market closed on a negative on its last trading day in June as 34 firms, led by...
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Fixed income securities make N334.4b
ABOUT 8,469,257 million contributors, including workers and retirees, have earned N334.46 billion from fixed income securities, The Nation has learnt This...
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Conoil Records N1.9 Billion Profit, Recommends 200 kobo Dividend
Conoil Plc, a total energy provider, has reported a revenue of N139.8 billion for the year ended December 31, 2019,...
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Agusto & Co affirms the ‘A+’ rating assigned to Nigeria Mortgage Refinance Company Plc.
The rating expires on 30 June 2021. Agusto & Co affirms the ‘A+’ rating assigned to Nigeria Mortgage Refinance Company Plc (“NMRC”...
Read moreEquities regain vigour as index rises by 0.12 per cent
Following price gains recorded by most blue-chip stocks, the bulls upstaged the bears at the reopening of transactions yesterday, causing...
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FCMB Group to Acquire 96% Stake in AIICO Pensions
The FCMB Group has notified the Nigerian Stock Exchange that its pensions arm, FCMB Pensions Limited, has entered into an...
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Oil prices rise on improving economic data
Oil prices edged higher on Monday, after bullish data from Asia and Europe, but sharp spikes in new coronavirus infections...
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Access Bank pays three-month Stamp Duty Charge for customers
ACCESS Bank Plc on Sunday concluded payment for a three-month Stamp Duty Charge for all its customers debited from February...
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