The nation’s bourse extended its losing streak on Friday by N81 billion on sustained profits taking. Specifically, the market capitalisation inched lower by N81 billion or 0.34 per cent to close at N23.951 trillion from N24.032 trillion recorded on Thursday.…
Activities on the Nigerian Exchange Ltd recorded marginal loss on Thursday with market capitalisation losing two billion naira on profit taking. Specifically, the market capitalisation which opened at N24.034 trillion lost two billion naira to close at N24.032 trillion. Also,…
Mr Bismarck Rewane, Chief Executive Officer, Financial Derivatives, has pegged Nigeria’s economic growth for 2022 at 3.4 per cent. Rewane made the forecast at the Nigerian-British Chamber of Commerce (NBCC) January Breakfast Meeting with the theme: “2022 Economic Outlook” on…
Stanbic IBTC Bank, a subsidiary of Stanbic IBTC Holdings PLC, has introduced a Smart Loan digital solution to enable customers who have an account with their Asset Management arm access a loan to enable them meet their medium-term financial obligations.…
Stanbic IBTC Bank, Standard Chartered Bank Nigeria, and Citibank Nigeria Limited lead as capital importation from banks hit $38.18bn in almost three years. Between January 2019 and September 2021 (33 months), the total capital importation by banks amounted to $38.18bn.…
The NGX closed on a positive note to sustain the rally amidst sell-offs and buy-interests as the benchmark All-Share Index (ASI) appreciated by 171 basis points. The NGX ASI closed at 44,608.82 points, to reflect a growth of 1.71% from…
Dangote Cement Plc has announced the commencement of the second tranche of the shares buyback programme. This comes after the company’s shareholders approved the move at the Annual General Meeting held in May 2021. This was revealed in the company’s…
Capital market operators have lauded the Securities and Exchange Commission (SEC)’s move to lure Dangote Refineries and the Nigerian National Petroleum Corporation (NNPC) to list on the nation’s bourse. The operators told journalists on Tuesday in Lagos that the move…
The Nigerian equities market halted its previous positive outing to close on a negative note for the first time in the year due to sell pressure on some blue chips. Specifically, the market capitalisation on Tuesday shed N20 billion to…
The Lagos Chamber of Commerce and Industry (LCCI) has called for better management of the country’s inflation, foreign exchange(FX) and debt portfolio indexes. LCCI President, Dr Michael Olawale-Cole, made the call during the Chamber’s 2022 first quarter press conference on…
