Markets
Exporters fret as naira depreciates
Agro exporters may face stiff competition from their counterparts in emerging economies as a sharp fall in the naira could...
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Nigerian equities market records worst weekly losses
It was a gloomy week for the domestic bourse as fear of Coronavirus and lower oil price panic-selling drove the...
Read moreNaira crashes in value, dollar sells for N420
On Thursday, the naira exchanged between N405 and N420 to a dollar in the Bureau De Change segment of the...
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‘Cryptocurrency remains stable amid fluctuations’
As the coronavirus threatens the global economy, experts have confirmed that the Cryptocurrency has remained stable amid the crisis. ...
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44 firms shed N457bn, market cap falls below N12tn
The nation’s stock market extended its decline on Thursday as 44 firms recorded price depreciation, causing investors to lose N457bn...
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Oando gets ISO 27001 certification
Oando Plc has become the first African oil and gas company to receive the ISO 27001 Certification from Certification Partner...
Read moreFalling oil price triggers over N1tr sell-off in stock market
No respite yet for Nigerian investors as over N1 trillion has been wiped off from the stock market in just...
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Access Bank declares N23b dividend as profit hits N115.4b
ACCESS Bank at the weekend declared a total dividend of N23.1 billion as cash payouts to shareholders as the commercial...
Read moreStock market investors lose N656bn in one day
Investors suffered a loss of N656bn on Tuesday as the Nigerian equity market saw its biggest daily decline in more...
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Currency in circulation dropped to N2.18tn in February
Currency in circulation dropped by N61bn from N2.24tn as of the end of January 2020 to N2.18tn at the end...
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Stanbic IBTC posts N75 billion profit
Stanbic IBTC Holdings PLC, a member of Standard Bank Group, has declared a profit after tax of N75 billion in...
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Coronavirus: FG to cut budget, seeks new oil benchmark
Amid tumbling prices of crude oil, the Federal Government is set to cut the country’s 2020 budget. The President, Major...
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FG’s pension liabilities rose to N494.12bn in 2019
Investors in the nation’s stock market lost N329bn at the end of trading on Monday following the commencement of an...
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Oil price crashes to $33, loses $11 in hours
The international oil benchmark, Brent crude, which stood at $45.72 per barrel on Sunday, has slumped to $33 per barrel....
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Coronation Merchant Bank’s Profit Rises to N5.097bn
Coronation Merchant Bank Limited has announced its audited financial results for the year ended 31 December 2019, with a 14...
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PwC forecasts volatile outlook for Africa’s capital markets
PricewaterhouseCoopers (PwC), a multinational professional services network of companies, has projected that Africa’s equity capital market (ECM) will sustain its...
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Forex racketeering: Reps probe CBN, FIRS, others over $30bn leakages
The House of Representatives has resolved to investigate the Central Bank of Nigeria and the Federal Inland Revenue Service over...
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NOVA Records N1.65bn Profit
Nova Merchant Bank Limited has released its audited 2019 full year financial results which showed that its profit after tax...
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Lekoil moves to recover $450,000 after loan scam
Lekoil Limited has said its board of directors has commenced steps to recover the $450,000 paid to Seawave Invest Ltd,...
Read moreEquities sustain gaining streak as index add N84 billion
The Nigerian equities market sustained gaining streak, as investors continue to take a position in some highly-capitalised stocks, resulting in...
Read moreStakeholders Hail NSE on Demutualisation, List Benefits
Capital market stakeholders have hailed the final approval given by members of the Nigerian Stock Exchange (NSE) to demutualise the...
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FIRS targets N4trn from oil, gas sector in 2020
The Federal Inland Revenue Service (FIRS) has projected to rake in N4 trillion as tax revenue from the nation’s extractive...
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NSE Members Okay Exchange as Profit-making, Limited Liability Entity
Members of the Nigerian Stock Exchange (NSE) yesterday approved the process to conclude the demutualisation of the exchange to become...
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Consolidated Hallmark opens N1.05bn rights issue
Consolidated Hallmark Insurance says it has received the approval of regulators to raise an additional sum of N1.05bn to increase...
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GTBank posts N198.85bn profit, declares N2.50 final dividend
Guaranty Bank Trust Plc has declared a profit after tax of N196.85bn for the financial year ended December 31, 2019...
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