Markets
Market sustains uptrend as index rises marginally by 0.02%
Transactions on the equities sector of the Nigerian Stock Exchange (NSE), sustained previous day uptrend, following gains in most blue...
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CBN Injects Additional $210m into Forex Market
The Central Bank of Nigeria (CBN) has once again injected the sum of $210 million into the interbank foreign exchange...
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FBNQuest leads N23b Interswitch bonds
FBNQuest, the investment banking and asset management subsidiary of FBN Holdings Plc, has been named the lead issuing house for...
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Stock Exchange goes public with 2.5b shares
The Nigerian Stock Exchange (NSE) will change from a member-owned mutual company limited by guarantee to a public limited liability...
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NSE, Meristem List Benefits of Exchange Traded Funds
Officials of the Nigerian Stock Exchange (NSE) and Meristem Wealth Management Limited, have identified Exchange Traded Funds (ETFs) as a...
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Banks’ instant transfers value hits N442trn in 2019
The Central Bank of Nigeria (CBN) on Monday reported that instant transfer transactions in the nation’s banking system totalled N442...
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Stock market down N154bn on sale pressure
The equities market closed on Monday on a negative note, declining by 1.05 per cent as investors sold off shares...
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Alleged Financial Infractions: Banks to Refund N112.82bn to Imo
Nine commercial banks are to refund a total sum of N112.82 billion to the coffers of the Imo State government...
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Pressure on equities defy earning season, index slumps by 2.69 per cent
Despite improved numbers in 2019 full year result churned out by quoted companies, sentiments remained weak in the equities market,...
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USAID, UBA Seal Deal to Boost Africa’s Trade
The United States Agency for International Development (USAID) through the Prosper Africa initiative is partnering with the United Bank for...
Read moreCapital market beset by rising unclaimed dividend, loss of shares
The incidence of unclaimed dividend remains one of the perennial issues that continued to rear its head in Nigeria’s capital...
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NSE All-Share Index Sheds 1.2% on Continuing Bearish Trading
Profit-taking at the stock market continued wednesday driving the Nigerian Stock Exchange (NSE) All-Share Index (ASI) by 1.19 per cent...
Read moreInvestors shift to penny stocks as decline continues
Investors appeared to be making strategic shift to dividend-hunting among low-priced stocks as the bearishness at the Nigerian equities market...
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African Alliance Insurance Grows Gross Premium Written by 45%
African Alliance Insurance, has recorded a 45 per cent jump in its gross premium written to N7.5 billion for the...
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Consolidated Hallmark Insurance to raise N1.06b from shareholders
Consolidated Hallmark Insurance Plc plans to raise about N1.06 billion in new equity funds from existing shareholders as the insurance...
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NSE, SEC Enhance Capacity for Efficient Derivatives Market
In a bid to ensure an efficient derivatives market, the Nigerian Stock Exchange (NSE) and the Securities and Exchange Commission...
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Investor stakes N50bn on revival of textile industry in S/West
In furtherance of the federal government policy directing military and para-military personnel to source their uniforms locally, a cotton processor,...
Read moreBears push further into February, as capitalisation plunges N160b
Despite the full year 2019 results being churned out by quoted companies, the equities market began the month of February...
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‘75% Dealers Trade on Devices Not Approved by NCC’
Facts have emerged that unlicensed dealers estimated to reach 75 per cent are currently trading on devices that are not...
Read moreStock Market Investors Gain N1.9tn in January
Investors in the Nigerian equities market recorded a growth of N1.88 trillion in their wealth in January while the market...
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Julius Berger reports 68.87% growth in profit
Julius Berger Nigeria Plc has released its fourth quarter result for the period ended, December 31, 2019, showing 68.87% growth...
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ABCON faults calls for Naira devaluation
The Association of Bureau De Change of Nigeria (ABCON) has described the much talked about need for devaluation of the...
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Stock Exchange opens new window for SMEs January 30, 2020 in Equities
The Nigerian Stock Exchange (NSE) on Wednesday launched a new platform for the listing of small and medium enterprises (SMEs)....
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MTN to invest fresh $1.6bn in Nigeria
The MTN Group will invest fresh $1.6billion from its operations to strengthen its network and systems across Nigeria. The Chairman,...
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NSE Launches New Board for High-Growth Companies
The Nigerian Stock Exchange (NSE) will today launch its Growth Board(GB) to provide issuers with the opportunity to list, raise...
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