By Kayode Tokede The equities market of Nigerian Exchange Limited (NGX) extended its positive performance due to an improvement in investor sentiment. Given the bullish momentum in the equities space, the NGX All-Share Index (ASI) rose week-on-week (w-o-w) by 0.05…
By Kayode Tokede The Securities and Exchange Commission (SEC) has again affirmed that the capital market has the potentials to bridge the infrastructure gap in the country as well as aid economic development. This was stated by Executive Commissioner Operations…
By Kayode Tokede The Institute of Chartered Accountants of Nigeria (ICAN), has reaffirmed commitment to support economic recovery and resilience as businesses gradually recovered from the negative impact of COVID-19 pandemic. ICAN President, Mrs Comfort Olujumoke, stated this at the…
By Kayode Tokede The equities market of the Nigerian Exchange Limited (NGX) on Thursday closed trading activities on a positive note, halting the three consecutive trading losses as investors investment up by N11 billion. The positive performance was driven by…
By Kayode Tokede Fitch Ratings has affirmed United Bank for Africa (UBA) Plc’s Long-Term Issuer Default Rating (IDR) at ‘B’. The international rating agency in a report on Thursday said the bank’s National Short-Term IDR has also been upgraded to…
By Kayode Tokede Mr Obafunso Ogunkeye, the Chairman, Board of Directors, University Press Plc, has assured shareholders of increased profitability and dividend for the current financial year. Ogunkeye gave the assurance on Thursday in Ibadan at the company’s Annual General Meeting, while declaring 5k dividend…
By Kayode Tokede The bears continued to dominate transactions on the local bourse on Wednesday with investors net worth dropping further by N11 billion. Consequently, the market capitalisation lost N11 billion or 0.05 per cent to close at N20.242 trillion…
By Kayode Tokede The National Bureau of Statistics (NBS) says the all-commodity group import index grew marginally by 1.07 per cent between April and June. It said this on Wednesday in Abuja, in the “Commodity Price Indices and Terms of…
By Kayode Tokede MTN Nigeria Communications Plc (MTN Nigeria) advises the Nigerian Exchange Limited (NGX) and the investing public that an application has been submitted to the Securities & Exchange Commission (SEC), for the clearance of transaction documents for MTN…
By Kayode Tokede International Energy Insurance (IEI) Plc has announced the appointment of Mr Ebunola Ayeni as its Managing Director/Chief Executive Officer with effect from July 23. This is contained in a notice signed by the Head, Legal and Compliance,…
