Markets
AIICO pays N1.7b claims
AIICO Insurance Plc paid about N1.7 billion claims within the first 21 days of the COVID-19 lockdown, the Managing Director...
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Analysts forecast bright outlook for Nigeria’s oil earnings
Despite Federal Government’s substantial cut of the oil price benchmark to $20 per barrel a few days ago, Nigeria’s revenue...
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NSE All-Share Index Sheds 1.06% on Continuing Profit Taking
Profit taking continued at the stock market yesterday, leading to a decline of 1.06 per cent in the Nigerian Stock...
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SEC reopens head office, promises to protect investors
The Securities and Exchange Commission says following the Federal Government’s partial easing of the lockdown measures introduced to minimise the...
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Dollar sells for N445 as forex scarcity persists
The dollar exchanged for N445 in the parallel market on Monday due to scarcity and shrinking liquidity in the forex...
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Q1: Sterling Bank Records N35bn Gross Earnings, N2.2bn Profit
Sterling Bank Plc has recorded gross earnings of N32.9 billion in the first quarter ended March 31, 2020, compared with...
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Stock market ends rally with N49 billion plunge
Following price losses suffered by most blue-chip stocks, the Nigerian equities market reopened on a downturn yesterday, as market capitalisation...
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Global Stock Markets Lose $18tn to Pandemic, Says Report
Over $18 trillion have been wiped out globally by the COVID-19 crisis between February and March 2020, even as capital...
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Seven Nigerian banks post N209.16bn profits
Seven Nigerian banks recorded a combined profit after tax of N209.16bn in the first quarter of this year, their unaudited...
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Investors gained N109.9bn as market value hits N12.7trn
The bulls maintained dominance at the close of trading on the Nigerian Stock Exchange (NSE), yesterday with investors gaining N109.9bn...
Read moreAfrican Banks Find Solace in 12% Bond Yields
Measures by some African countries to get money flowing into the real economy aren’t working yet, with banks parking cash...
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First Bank to Hold Virtual SME Clinic
FirstBank of Nigeria Limited said it will host a virtual SME Business Clinic to provide insightful information on how SMEs...
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FCMB shareholders okay N2.77b dividend payment
Shareholders of FCMB Group Plc have applauded the financial institution for its resilience, dynamism and impressive performance recorded last year despite...
Read moreDespite lockdown, stock market investors gain N897bn
Notwithstanding the lockdown the Nigerian economy witnessed in April over the ravaging CODIV-19 pandemic, the stock market, boosted by the...
Read moreSEC asks Nigerians to explore capital market investment options
As the Coronavirus pandemic continues to impact businesses and individuals in Nigeria with unquantifiable losses, Nigerians have been urged to...
Read moreInvestors’ fortunes rise further by N375 billion
Following sustained bargain hunting in most bluechip stocks, transactions on the equities sector of the Nigerian Stock Exchange (NSE) continued...
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Naira gains, exchanges 430/$ as forex sale resumes
The naira sold for N430 to a dollar on Monday, gaining some strength over previous week’s sales figures, following the...
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Stock market reopens upbeat as index rises by 0.30%
Following price gains recorded by most bluechip stocks, the equities market commenced trading for the month of May, in an...
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Cost optimisation, others lift Zenth Bank Q1, 2020 profits
Zenith Bank Plc has attributed the increase in profit in its unaudited result for the First Quarter (Q1) ended March...
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MTNN, Nestle & Tier 1 banks’ stocks boost market value
The market opened for four trading days last week as the Federal Government declared Friday, 1st May, 2020, a public...
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COVID-19: 220 new cases as national tally hits 2,388
Seventeen coronavirus related deaths were recorded across the country on Saturday including a runaway patient in Kebbi State. Another...
Read moreEquities sustain rising profile as ASI increases further by 0.67 per cent
Following the sustained interest in some high-value stocks, the Nigerian equities market closed the last day in the month of...
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FG offers discounted crude oil below $4 amid glut
In a desperate effort to offload and sell stranded barges of oil, the Federal Government, yesterday, offered oil traders huge...
Read moreBulls sustain dominance as index rises further by 0.62 per cent
Following price gains recorded by most bluechip stocks, the bulls sustained their hold on the equities sector of the Nigerian...
Read moreCBN Resumes Dollar Sales for SMEs, School Fees
The Central Bank of Nigeria (CBN) has resumed the sale of foreign exchange to all commercial banks to enable parents...
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