The Nigerian stock market extended positive growth on Wednesday by N25 billion due to buying interest in MTN Nigeria Communications (MTNN) and 13 others. Specifically, the market capitalisation which opened at N20.278 trillion inched higher by N25 billion or 0.12…
Ability of Access Bank Plc to fund medium term projects and other big ticket transactions to grow the Nigerian economy and that of the African continent is now enhanced with the over-subscription of its $500 million Senior Unsecured Eurobond issued…
Dangote Cement Plc has announced the appointment of Philip Mathew as its Deputy Group Managing Director/Chief Executive Officer with effect from Wednesday. Edward Imoedemhe, Dangote’s Deputy Company Secretary said Wednesday that the new appointee comes to the role with over…
Nigeria’s electronic payment transactions increased by 85.52 per cent year-on-year to N171.99trillion in August 2021, data obtained from the Nigeria Inter-Bank Settlement System have shown. From January to August 2020, e-payment was N92.71trillion. It increased to N171.99trillion in the corresponding…
By Moses Adeniyi Lagos State Governor, Mr. Babajide Sanwo-Olu, on Tuesday signed a Memorandum of Understanding (MoU) to activate the framework for the unlocking of the $1 trillion Nigerian Green Bond Market Development Programme to finance key infrastructure projects. The…
By Kayode Tokede The domestic stock market yesterday closed trading activities in the green, to halt the six days consecutive bearish trend. The market upturn was due to investors’ renewed buying interest in the Financial and Industrial sectors, as capitalisation…
…Declares 20k per share interim dividend By Kayode Tokede Africa’s leading financial institution, the United Bank for Africa (UBA) Plc has announced its audited half year financial results for the half year ended June 30, 2021, showing impressive growth across…
The Nigerian Exchange (NGX) Ltd has announced that investors of listed companies have raked in more than N732.91 billion from dividend payout Year-To-Date (YTD). The Chief Executive Officer, NGX, Mr Temi Popoola, disclosed this in a report on Monday in…
Stock market operators have predicted that mixed performance will be sustained on the nation’s bourse this week ahead of September Monetary Policy Committee (MPC) meeting and August inflation report. They said this in an interview in Lagos on Monday, while…
El Salvador’s latest Bitcoin app, the Chivo Wallet, could ensure that money service providers such as Western Union and MoneyGram lose around $400m in remittance commission. According to a report, these remittance service providers could start losing customers and money.…
