Markets
Neimeth, Prestige Assurance lead NSE’s N13 billion losses
The equities market sustained sliding profile at the end of yesterday’s transactions, as more blue-chip stocks, especially Neimeth, and Prestige...
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AIICO Insurance to Raise N3.4bn from Existing Shareholders
AIICO Insurance Plc is to raise about N3.486 billion from the capital market through a rights issue. In a notification...
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Stock Exchange downgrades BOC Gases to low-priced stock
The Nigerian Stock Exchange (NSE) has downgraded BOC Gases Plc from medium-priced stock to low-priced stock after steep depreciation brought the...
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FG Raises N162.6bn through Sukuk Bond Sale
Nigeria has raised N162.56 billion to help finance infrastructure projects through the sale of Islamic bonds to local funds and...
Read moreRenewed appetite in bellwethers lift NSE’s indices by 0.67 per cent
Despite the one-day public holiday declared by the Federal Government to commemorate Democracy Day, investors renewed appetite in bellwether stocks...
Read moreFG’s Sukuk bond oversubscribed by N519.12bn
The Federal Government’s Sovereign Sukuk bond of N150n offered to investors was oversubscribed by N519.12bn, the Debt Management Office has...
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Democracy Day: I have recorded notable achievements, Buhari boasts
The President, Major General Muhammadu Buhari (retd.), on Friday assessed his regime as the nation commemorates Democracy Day and returned...
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Neimeth’s Share Price Rises 102% as Investors React to 939% Profit Growth
Neimeth International Pharmaceuticals Plc yesterday maintained its lead on the price gainers’ table at the stock market as investors continued...
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Petrol price: DPR shuts down errant filling stations
The Department of Petroleum Resources is enforcing the new price range of N121.5 to N123.5/litre for petrol at filling stations...
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Senate tasks new SEC DG, commissioners on investments
Following his confirmation as the new Director General of the Securities and Exchange Commission (SEC), the Senate yesterday charged the...
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Unity Bank Posts N44.5bn Gross Earnings for 2019
Unity Bank Plc has announced gross earnings of N44.59 billion for its 2019 financial year, up from the N34.65 billion...
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WTO Ignores Egypt, Accepts Okonjo-Iweala’s Nomination as DG
World Trade Organisation (WTO) yesterday said it had received the nomination of Nigeria’s former Minister of Finance and former Managing...
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FG to auction N150bn bonds
The Debt Management Office has said the Federal Government will auction N150bn worth of bonds by subscription on June 17....
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FMDQ lists Dangote Cement’s N100bn debt securities
FMDQ Securities Exchange Limited has announced the approval of the quotation of the Dangote Cement Plc N34bn Series 15 and...
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Equities market sustains bullish trend, investors gain N44bn
Today, the NSE All-Share Index (ASI) appreciated 34bps to close at 25,335.15 points following buying interest in BUA Cement (+4.1...
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AXA Mansard’s gross written premium is N43.6b
AXA Mansard Insurance Plc recorded a Gross Written Premium (GWP) of N43.62 billion in 2019 up by 29 per cent...
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Producers hopeful of $50 oil price, business sustainability from cuts
Although OPEC+ agreed at the weekend to extend 9.7million barrels cuts in daily crude oil production through the end of...
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BUA Cement Grows Profit by 26% to N20bn in First Quarter
BUA Cement Plc has recorded a 25.1 per cent increase in revenue to N54 billion, from the N43.1 billion recorded...
Read moreInvestors’ appetite for bellwethers lift NSE’s index by N122b
Investors’ appetite in bellwether stocks lifted transactions on the equities sector of the Nigerian Stock Exchange (NSE), causing market capitalisation...
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Agusto affirms Coronation MB’s Rating
Coronation Merchant Bank remains one of the top rated merchant Banks in Nigeria as shown by the recently released Rating...
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May & Baker pays N431.31m to shareholders as net profit doubles
Shareholders of May & Baker Nigeria Plc at the weekend received a total of N431.31 million as cash dividends for...
Read moreInvestors scramble for big banks in N23.55b equities deals
‘First tier banks are safe havens’ Profit-taking cuts N131.2b from equities Investors increased their stakes on Nigerian equities by...
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Firms expect further naira depreciation, dollar sells for N440
Business organisations in the country expect the naira to depreciate further in the next few months, a report by the...
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JAIZ Bank declares N2.4bn profit after tax in 2019
Jaiz Bank Plc, one of Nigeria’s non-interest Islamic Bank, has released its 2019 audited results for the period ended December...
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Oil soars to $40 as Nigeria cuts production to 1.613m b/d
Oil prices rose sharply yesterday, as Brent per barrel settled above $40 due to reported small crude oil inventory draw...
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