Markets
SEC moves to protect investors from bogus offers
Nigeria’s apex capital market regulator, Securities and Exchange Commission (SEC) has introduced a major amendment to disclosures and information to...
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Investors gain N1.3bn despite bearish trend
Despite four consecutive losses during the week, the local stock market closed on a bullish note as buying interest in...
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NSE Lists Benefits of Sustainability Reporting for Quoted Firms
The adherence to the disclosure of environmental, social and governance (ESG) principles is increasingly becoming a tool for meaningful engagement...
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Weak sentiments persist as investors lose N68b in three trading days
Weak sentiments persisted on the equities sector of the Nigerian Stock Exchange (NSE), as more blue-chip stocks suffered price fall,...
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‘17 banks to restructure over 32,000 loans’
SEVENTEEN Deposit Money Banks (DMBs) have submitted requests to restructure 32,000 loans in their portfolios to the Central Bank of...
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‘Over-subscription of N150b Sukuk confirms NSE’S absorptive capacity’
Stockbrokers at the Nigerian Stock Exchange (NSE), have described the recent oversubscription of the Sukuk Ijarsh, as a confirmation of...
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Tension at NNPC as PENGASSAN threatens strike
There was tension at the Nigerian National Petroleum Corporation on Wednesday, prompting the Petroleum and Natural Gas Senior Staff Association...
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Cadbury Nigeria Shareholders Approve N912 Million Dividend
Shareholders of Cadbury Nigeria Plc wednesday approved the dividend of N912million for the year ended December 31, 2019, which translates...
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‘Global Cash, ATM Transactions Drop By 50%’
A recent virtual press conference that was jointly organised by AppsFlyer and Google has revealed that since the outbreak of...
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Berger Paints’ N3.6bn Revenue, N449m Profit Excite Shareholders
The revenue of N3.5 billion and profit after tax (PAT) of N448.7 million posted by Berger Paints Nigeria Plc for...
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FBN General writes N7.31b premium
FBN General Insurance Limited witnessed an impressive growth during its 2019 financial year, the Managing Director/Chief Executive Officer of the...
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Stock market declines further as 23 firms lose
The nation’s stock market closed lower on Tuesday as twenty-three firms recorded price depreciation at the end of trading. ...
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NSE Upgrades Data Portal for Improved Access to Market
The Nigerian Stock Exchange (NSE) has upgraded its Data Portal (X-DataPortal) to provide a more efficient, user-friendly experience for subscribers....
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Guinness Nigeria raises N5b CP
Guinness Nigeria Plc at the weekend closed application list for its N5 billion commercial paper issuance. Guinness Nigeria, a...
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Local savings can help reflate Nigeria’s economy, stakeholders say
The Minister of Finance, Budget, and National Planning, Mrs Zainab Ahmed, has canvassed the need for the mobilization of local...
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FMDQ Admits N23bn Debt Securities as Corporate Benefit from Market
FMDQ Securities Exchange Limited has admitted N23 billion debt securities on the platform as part of efforts to empower the...
Read moreStock market extends decline, investors lose N38bn
The nation’s stock market extended its decline on Monday as investors lost N38bn at the end of trading. The market...
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Fidson Healthcare Shareholders to Receive 15kobo Dividend
The board of directors of Fidson Healthcare Plc has recommended a dividend of 15 kobo per 50 kobo share for...
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Stocks lose N190bn, market cap falls below N13tn
All other indices finished lower with the exception of NSE-Main Board, NSE MERI Growth, NSE Consumer Goods, NSE Lotus II...
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Naira dips by N24 to N385/$
THE Naira depreciated by N24 to close at N385 per dollar on Thursday at the official market. It had exchanged...
Read moreStock investors lose N21bn amid selling pressure
The market capitalisation of equities depreciated by N21bn to N13.01tn from N13.03tn the previous day as market sentiment returned to...
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CBN to disburse N432b non-interest loans to farmers
The Central Bank of Nigeria (CBN) will soon release the framework for the disbursement of some N432 billion non-interest loans...
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Telecoms Subscriptions Rise to 190.8m
Subscriptions across all telecommunications networks have maintained a steady growth pattern in one year, reaching 190,806,067 in April. This...
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Naira slumps to 452/$ as speculations, debt weaken market
The dollar exchanged for N452 at the parallel market on Wednesday over speculations by operators in the market and the...
Read moreNSE All-Share Index Gains 0.17% as Market Rebounds
The stock market rebounded wednesday following gains recorded by Nestle Nigeria Plc, Access Bank Plc and Flour Mills of Nigeria...
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