NOVA Merchant Bank, a leading merchant bank in Nigeria, has announced that its N20 billion Series 1 & 2 Commercial Paper issuance under the Nova Merchant Bank Limited N50 billion CP Programme is now open. The company said the offer…
The Nigerian stock market on Tuesday remained bullish as bargain hunting in Flour Mills of Nigeria and 27 others underpinned its performance with a gain of N1 billion. In summary, the All-Share Index (ASI) grew by 1.54 points, representing an…
Honeywell Flour Mills Plc released its Q3 Unaudited Financial Statement, revealing a 26.77% growth in revenue from N25.22 billion to N31.97 billion in the current period. The company reported a loss after tax of N145 million from a profit position…
The German Agency for International Corporation (GIZ)-SEDIN is collaborating with the Lagos State Employment Trust Fund (LSETF) to build resilient Micro Small and Medium Scale Enterprises (MSMEs). The Executive Secretary of LSETF, Mrs Teju Abisoye, said the collaboration entails evolving…
Proshare, a financial consulting group, has projected that the Nigerian economy will grow by 2.6 per cent in 2022. The company made this known in its 2022 Economic Outlook Report signed by its Managing Editor, Mr. Teslim Shitta-Bey, on Monday…
The insurance companies in Nigeria earned N630.36 billion premium in 2021. The Head, Corporate Communications and Market Development, National Insurance Commission, Rassaq Salami, disclosed this in its unaudited result for 2021 on Monday. According to the commission, this was a…
The NGX closed on a negative note amidst sell-offs and buy-interests as the benchmark All-Share Index (ASI) depreciated by 29 basis points. The NGX ASI closed at 47,063.28 points, to reflect a decline of 0.29% from the previous trading day…
The Securities and Exchange Commi-ssion (SEC) has reiterated the importance of capital market operators acting professionally and ethically in the performance of their responsibilities. During a meeting with the Chartered Institute of Stockbrokers (CIS) in Abuja, SEC Director-General Lamido Yuguda…
By Seun Ibiyemi The Nigerian Stock market recorded its first weekly loss in the year, as the All-Share index declined by 0.18 per cent in the week ended 11th February 2022 to close at 47,202.3 points. This is according to…
The combined market capitalisation of stocks worth over one trillion (SWOOTs) depreciated by 0.51% to close at N18.14 trillion from N18.23 trillion the previous week, reflecting a loss of N93.62 billion. Stocks included in this classification are AIRTELAFRICA, BUA CEMENT,…
