By Esther Agbo In a significant development, the Bank Directors Association of Nigeria (BDAN) has strengthened its leadership team with the appointment of two new directors following the retirement of three longstanding board members. The association’s leadership changes coincide with…
…Investors make N146bn as equities market rebounds from previous losses on Friday The figure represents 46 per cent increase from N20.4 billion posted in the corresponding period of year 2023. Mr Taofeeq Giwa, Chief Financial Officer (CFO) of the company,…
Opening the week, investors’ interest in the stocks of BUA Foods, FBN Holdings, Zenith Bank, among others advanced equities boosted the overall market index by 0.07 per cent. Specifically, the market capitalisation which opened at N55.129 trillion, gained N37 billion…
Nigeria’s external reserves have recorded a marginal decline of 1.16 percent ($430 million) in the last two weeks since the Central Bank of Nigeria (CBN) reintroduced the retail Dutch auction in the foreign exchange (FX) market. Data from the CBN…
Investors in the Nigerian equities market recorded a mixed trading week on the floor of the NGX losing N2.45 billion as market capitalisation fell to N55.12 trillion from N55.13 trillion the previous week. This follows a loss of N846 billion…
The central parity rate of the Chinese currency renminbi, or the yuan, strengthened 79 pips to 7.1228 against the dollar on Thursday. This is according to the China Foreign Exchange Trade System. In China’s spot foreign exchange market, the yuan…
Investors in the Nigerian equity market lost N64 billion on Thursday due to selloffs in Zenith Bank, FBN Holdings, Transcorp Hotels and other stocks. The market capitalisation dropped by N64 billion, or 0.12 percent, closing at N54.983 trillion, down from…
By Esther Agbo Infinity Trust Mortgage Bank (ITMB) announced plans to raise N50 billion through a capital market offering, a move aimed at expanding its operations and transitioning into a digital commercial bank. The N50 billion is said to be…
By Esther Agbo In a move to enhance Nigeria’s food security and boost the local economy, BUA Foods Plc has partnered with Turkish manufacturing giant IMAS to significantly expand its milling operations. The agreement, signed recently, will see the construction…
The Nigerian Exchange (NGX), All-Share Index (ASI) yesterday experienced a slight dip, falling by 0.07 percent. The All-Share Index declined by 64.41 percent, representing a loss of 0.07 percent, to close at 95,831.51 points. However, the overall market capitalisation value…
