Debt Management Office (DMO), on behalf of the Federal Government has announced the offer for subscription of the June 2022 Federal Government Savings Bond to investors. This disclosure is contained in a circular issued by the DMO and can be…
Information on the trading portal of the Nigerian Exchange reveals about 600 million units of FBN holding shares were sold on Monday, June 6, 2022. The value of the trade is estimated at about N6.6 billion based on a share…
By Philemon Adedeji The Nigerian equities market on the Nigerian Exchange Limited (NGX), which closed week on Friday on positive performance, still turned green for the opening of this week on Monday as Conoil, Pharmadeko, and 17 others drives market…
The Securities and Exchange Commission (SEC) on reported the embarkment of an identity management project with capital market participants to be given unique identifiers to curb issues of fraud in the market. SEC also said that the unique identifiers will…
National Salt Company of Nigeria (NASCON) Allied Industry Plc, a subsidiary of Dangote Industries (DIL) Ltd., said it recorded a net profit of N2.97 billion, while profit before tax rose from N3.9 billion to N4.3 billion for the year 2021.…
The U.S. may relax its sanction pressure on Tehran to allow more Iranian oil barrels to enter the global market, the head of Asian operations at Vitol, Mike Muller, told Bloomberg over the weekend. “Uncle Sam might just allow a…
Union Bank Plc has announced the completion of core investors’ sale of a majority shareholding to Titan Trust Bank. In a statement last week, the bank also notified the Nigerian Exchange Group of the resignation and subsequent retirement of directors…
Trading on the Nigerian bourse closed positive on Friday with the All-Share Index (ASI) increasing by 0.17per cent to close at 52,908.24 from 52,815.78 on Thursday. Similarly, market capitalisation increased by N49 billion to N28.523 trillion from N28.474 trillion recorded…
The Nigerian equities market posted losses of 2.18 per cent for the week on the back of 2.09 per cent gain in the preceding week. The bearish reaction is as a result of intense profit-taking from stocks already trading at…
By Philemon Adedeji The Nigeria’s equities market still turned red yesterday for the fourth day this week, depreciating by N85 billion or 0.25 per cent as investors registered losses in some stocks like Royalex Exchange, Global Spectrum Energy Service Plc,…
