Markets
Equities lose N209b amid panic selloffs
NIGERIAN equities lost N209 billion on Monday as investors overlooked earnings and dividend yields and opened up market orders to...
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UBA’s earnings grew by 13%, recorded N111bn profit
Pan-African financial institution, United Bank for Africa Plc says its gross earnings grew by 13.3 per cent to N559.8bn in...
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Naira falls N413 to dollar at forward market
The naira on Friday depreciated past N400 to dollar at the forward market after Nigeria recorded its first case of...
Read moreEquities record worst weekly losses over coronavirus spread, others
The Nigerian Stock Exchange (NSE), last week, suffered the biggest weekly losses since April 2019, following massive selloffs and exit...
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DMO reports 458.2bn over-subscription in Feb. bonds auction
The Debt Management Office (DMO) has announced that Federal Government’s monthly bond auction for the month of February 2020, was...
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Dipping oil prices threaten budget 2020
GLOBAL crude oil prices continued to contract on Thursday as countries across the world continue to record new cases of...
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Stock Market Slips into Negative Territory as Bears Consolidate Hold
The Nigerian equities market continued with the bearish trend following weak investors’ sentiment and negative reaction to unimpressive corporate earnings....
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Dangote cement pays N16 dividend per share
Investments made by Dangote Cement Plc in various parts of Africa have begun to yield results as Pan-African sales volume...
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CSL stockbrokers appointed as new stockbroker to the Federal Government
CSL Stockbrokers Limited, a subsidiary of FCMB Group Plc, has emerged as the new stockbroker to the Federal Government of...
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Alleged debt: Ecobank demands N3.3b from oil firms
ECOBANK Nigeria Limited on Tuesday urged the Federal High Court in Lagos to order Sahara Group Limited to pay it...
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Selloffs persist, as investors’ wealth plunge further by N181 billion
Following massive selloffs in some bluechip stocks, transactions on the equities sector of the Nigerian Stock Exchange (NSE), reopened on...
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Experts peep into 2020, seek opportunities for insurers in economy
Experts have taken a critical look into the macroeconomic environment in 2020, x-raying the challenges and opportunities, as well as...
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SEC moves to pay Ponzi scheme subscribers
The Securities and Exchange Commission (SEC) has said subscribers of the defunct Dantata Success and Profitable Company (DSPC), Kano, a...
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Dangote invests N63b in ANAMMCO plant
Dangote Group has entered into a long-term agreement with an Enugu-based automaker, Transit Support Services Limited, for the supply of...
Read moreBearish Trading Reduces NSE’s Year-to-date Growth to 2%
The year-to-date growth of the Nigerian stock market measured by the Nigerian Stock Exchange (NSE) All-Share Index (ASI) moderated to...
Read moreStock market halts five-day losing streak, gains N24bn
Activities on the Nigerian Stock Exchange closed on a positive note on Thursday, putting a halt to five consecutive days...
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NSE Launches Comic Book to Promote Financial Literacy
As part of efforts to promote financial literacy, the Nigerian Stock Exchange (NSE) has launched a comic book known as...
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FMBN disburses N238 billion in 27 years
The Federal Mortgage Bank of Nigeria (FMBN), said it has disbursed about N238billion in 27 years, which has helped to...
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Stanbic IBTC Leads Afreximbank’s N300bn Bond Issiuance Programme
Stanbic IBTC Capital Limited, a subsidiary of the Stanbic IBTC Holdings Plc has established a N300 billion Domestic Bond Programme...
Read moreEquities open with N96b loss amid sell-offs
NIGERIAN equities reopened on Monday with continuing bearish sentiment as selloffs across the sectors depressed investors’ value by N96 billion....
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CBN forex intervention hits $43.5bn in 15 months
Within a 15-month period covering October 2018 and December last year, the Central Bank of Nigeria injected over $43.52bn to...
Read moreEquities slow down as investors lose N162b
Investors in Nigerian equities lost N162 billion in capital gains as turnover at the stock market declined by more than...
Read moreStakeholders Harp on Need for Private Capital to Fund Infrastructure
Capital market stakeholders have stressed the need to attract private and domestic capital for funding of critical infrastructure in the...
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Access Bank to List N15bn Green Bond on Luxembourg Stock Exchange
Capital market stakeholders have said the planned listing of Access Bank’s N15 billion Green Bond on the Luxembourg Stock Exchange...
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FG to move petrol, cooking gas by rail
The Federal Government is working to ensure the movement of petrol and cooking gas by rail, the Petroleum Equalisation Fund...
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