Markets
Stock markets surge on swift recovery hopes
Growing optimism about a swift global economic recovery pushed equity markets sharply higher Wednesday, as investors took heart from further...
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FMDQ Admits Flour Mills of Nigeria’s N30 Billion Commercial Paper
FMDQ Securities Exchange Limited has approved the quotation of the Flour Mills of Nigeria Plc N10.00 billion Series 13 and...
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PFAs shun T’bills, invest N1.6tn in banks, commercial papers
Pension Fund Administrators have gradually reduced investment of pension funds in the Contributory Pension Scheme in treasury bills, findings have...
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Oil rises to $38 as OPEC+ discusses production cut extension
The Organisation of Petroleum Exporting Countries and its allies led by Russia are moving closer to a compromise on extending...
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FMDQ lists Flour Mills’ N30bn commercial papers
FMDQ Securities Exchange Limited has announced the approval of the quotation of the Flour Mills of Nigeria Plc N10bn Series...
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Stock market resumes June trading upbeat, as index rises 0.19%
Following gains recorded by most blue-chip stocks, the Nigerian Stock Exchange (NSE) resumed trading for the month of June, upbeat,...
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Stockbrokers rally support for investment in sukuk
Worried about the emerging reality of global COVID-19 pandemic and the need to grow the economy, the Chartered Institute of...
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CBN gives banks 24hrs to reverse ATM ‘failure’
The Central Bank of Nigeria (CBN), has revised timelines for reversals and/or resolution of refund complaints on electronic channels. The...
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Equities trading yields N32bn gain for investors
The equities market sustained a positive performance at the close of last week as the All-Share Index gained 0.3 per...
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AIICO records 23% growth in Q1 gross premiums
AIICO Insurance Plc has reported gross written premiums of ₦17.6bn, up 23% from the same period in 2019 which was...
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Equities market ended bearish, as investors lost N28.8bn
The stock market halted the long run of successive gains as the All-Share Index fell 22bps to close at 25,166.01...
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Petrol marketers to gain N8.3bn on depot price reduction
Retail marketers of petrol are currently raking in billions of naira as findings on Wednesday showed that they would make...
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Axxela N10 Billion Bond Records 124% Subscription
Axxela Limited, a portfolio company with a vision of becoming the preferred and fastest-growing gas & power firm in sub-Saharan...
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Stock market reopens bullish as index gains N8 billion
Despite the two day holiday declared by the Federal Government on Monday and Tuesday, to commemorate the Eid al-Fitr celebration,...
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TAJBank announces issuance of N150bn FGN Sukuk Bond
TAJBank, Nigeria’s most innovative non-interest financial institution, has announced a N150 million Sukuk Bond issuance as approved by the Federal...
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Task Before Yuguda
As the capital market community awaits the coming of Lamido Yuguda as the substantive Director General of the Securities and...
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Global trade may slump by 32% amid COVID-19 shutdowns
The global economy and world trade are being battered by the widespread and comprehensive measures to limit the spread of...
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IMF advises banks to suspend dividend payment
The International Monetary Fund has advised commercial banks to retain their earnings by suspending payment of shareholders’ dividends during the...
Read morePenCom plans investments diversification post-COVID-19
As the Coronavirus (COVID-19) pandemic continues to ravage economies globally and impacting businesses negatively, the National Pension Commission (PenCom), said...
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Coronation Merchant Bank seeks N15b short-term capital
Coronation Merchant Bank Limited is seeking to raise up to N15 billion in short-term capital through the issuance of commercial...
Read morePetrol price may increase as Brent stabilises around $35/barrel
Brent, the oil against which Nigeria’s crude is priced, has hovered around $35 per barrel for about one week, raising...
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Fixed income market to witness increased activities, says NSE
The Nigerian Stock Exchange (NSE) has expressed optimism that the fixed income market would experience increased activities on account of...
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‘How N15.2 billion gross written premium raises investors’ confidence’
Despite worries about a recession, operators in the nation’s insurance industry are beginning to explore digital avenues to aid the...
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Financial service provider raises N10 billion bond issuance
Aligning with its organisational objectives for Year 2020, United Capital Plc said it has successfully raised the sum of N10billion...
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CSCS Shareholders Approve N4.3bn Dividend Payout
The Central Securities Clearing System (CSCS) Plc recently held its 26th annual general meeting (AGM), where shareholders approved N0.86 dividend...
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