Markets
FIC records N25.66 trillion turnover as indices soar by N344 billion
Turnover in the Fixed Income and Currency (FIC) markets stood at ₦25.66 trillion at the end of transactions last month,...
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Stock market index rises further by 2.32% despite lockdown extension
Despite government’s decision to extend the lockdown in Lagos, Abuja and Ogun states by additional 14 days, the Nigerian equities...
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Stock market index rises further by 2.32% despite lockdown extension
Despite government’s decision to extend the lockdown in Lagos, Abuja and Ogun states by additional 14 days, the Nigerian equities...
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Dangote Cement’s N100b debut bond closes amid high expectations
Nigeria’s largest quoted company and Sub-Saharan Africa’s largest cement company, Dangote Cement Plc, on Tuesday completed the book building and...
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Flour Mills, Primero list N36.5b bonds on NSE
Flour Mills of Nigeria (FMN) Plc and Primero BRT Securitization SPV Plc yesterday listed three bonds valued at N36.5 billion...
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Unilever Nigeria’s Revenue Dips to N60.5bn
Unilever Nigeria has released its audited financial statements for the year ended December 31, 2019. The company recorded turnover of...
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Equities sustain rising profile as ASI appreciates further by 1.47%
Transactions on the equities sector of the Stock Exchange (NSE) sustained rising profile yesterday, as more blue-chip stocks joined the...
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SEC Moves against Flow of Illicit Funds into Capital Market
As part of efforts to identify investors properly, guard against flow of illicit funds into the capital market and address...
Read moreStock market extends gain by N77bn
Nigerian stocks on Wednesday sustained its positive outlook as the overall performance measures, NSE ASI and market capitalisation, rose further...
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Persistent sell-off drags index further by 2.02 per cent
Transactions in the equities sector of the Nigerian Stock Exchange (NSE) reopened on a downturn yesterday, as the All Share...
Read moreEquity market extends weekly downtrend by 3.51%
Following rising cases of coronavirus in Nigeria, the domestic bourse on Friday recorded further extended weekly decline as the NSE...
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Foreign reserves shed $3.02bn in three months
The country’s foreign reserves have continued its downward trend dropping by $3.02bn from $38.53bn on January 2, 2020 to $35.51bn...
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Large-cap stocks lift equities to N10b gain
Nigerian equities staged a modest recovery yesterday as large-cap stocks in industrial and food manufacturing sectors rallied the overall market...
Read moreCBN Offers N95.681bn TBills, Records 59% Oversubscription
The Central Bank of Nigeria (CBN) offered a total of N95.681 billion debt instrument at its Nigerian Treasury Bills Primary...
Read moreSEC Activates Business Continuity Process for Capital Market Operations
In compliance with the federal government’s directives on the restriction of movements in Lagos and Ogun States as well as...
Read moreStock market index sustains sliding profile, down by 0.94 per cent
Transactions on the Nigerian Stock Exchange (NSE) sustained sliding profile yesterday, following losses by most blue-chip stocks, causing the All-Share...
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Redstar Express Raises N1.34 Billion to Boost Operations
Red Star Express Plc has successfully raised N1.347 billion from existing shareholders through the rights issue of 336,855,291 shares of...
Read moreSEC begins new investors’ identification regime
Nigeria’s apex capital market regulator, Securities and Exchange Commission (SEC), will on April 1, begin enforcement of a new investors’...
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Zenith Bank okays N87.9b dividend
Shareholders of Zenith Bank Plc yesterday, at the 29th Annual General Meeting of the Bank, held at the Shehu Musa...
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FG suspends $3.3bn Eurobond issuance
The Minister of Finance, Budget and National Planning, Mrs. Zainab Ahmed, on Monday disclosed that the Federal Government had suspended...
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Julius Berger Posts N8.7bn Profit, Declares N3.6bn Dividend, Bonus Share
Shareholders of Julius Berger Nigeria Plc are to receive dividend and bonus shares for the financial year ended December 31,...
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Selloff persists in equities market as index plunges further by 0.12%
Despite price gains that outweighed losses, the Nigerian equities market reopened the week on a downturn, causing the All-Share index...
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‘Coronavirus outbreak is no longer threat for Africa’
The coronavirus outbreak is no longer a threat for Africa, it is now a reality as more and more countries...
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Insurers’ assets to grow by 26.5% –Report
A report by Agusto&Co, a Pan African Credit Rating Agency and provider of industry research has anticipated a 26.5 per...
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Oil crash: Nigeria may lose $8.63bn in six months
Nigeria’s economy may slide into another recession as the sudden crash in crude oil prices is set to wipe $8.63bn...
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