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Stock market: Investors lose N304bn in a week

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LAGOS - The All-Share Index and market capitalisation depreciated by 1.08 per cent to close the week at 51,355.74 as the market capitalisation shed...

2Baba, Chike to perform at NGX Group’s launch

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Nigeria’s renowned musicians, Innocent ‘2Baba’ Idibia and Chike, ‘boo of the booless’ crooner, are to perform at the launch of the Nigerian Exchange Group...

Ecobank Group’s Q1 profit rises to N40.3bn

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Ecobank Transnational Incorporated, on Tuesday, said its profit before tax rose by 22 per cent to N40.3bn in the first quarter of 2021. It disclosed...

Global Spectrum Energy Services Earns ‘Bbb’ Stable Outlook Rating –...

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Global Spectrum Energy Services Plc has earned a ‘Bbb‘ rating from Agusto & Co., a leading rating agency in the country. GSES is one of...

Fuel Marketing Companies’ Revenue Decline By N331.54bn

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Five of the major oil marketing companies in the country saw their total revenue plunge by N331.54bn last year amid the impact of the...

Stock market records N140bn weekly loss

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The Nigerian stock market extended its decline last week as investors lost N140bn. The Nigerian Stock Exchange All-Share Index and market capitalisation depreciated by 0.69...

Fidelity Bank issues N41.21bn Tier II local bonds

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LAGOS - Fidelity Bank Plc has successfully issued 10 years N41.21 billion in fixed rate unsecured subordinated bond at a 8.5 percent coupon rate...

Dangote, Adenuga, Rabiu make Africa’s top 10 billionaires’ list

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Aliko Dangote of Nigeria is Africa’s richest person and has maintained this position for straight 10 years, according to the 2021 Forbes’ Africa Billionaires...

Jaiz Bank Targets N6.15bn Gross Earnings In Q1, 2021

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Jaiz Bank Plc has said it is projecting to achieve N6.15bn gross earnings for the first quarter of 2021. In its Q1 earnings forecast obtained...

Stock Market Sustains Positive Sentiment, Gains N235bn

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Transactions in Nigeria’s stock market, on Tuesday, sustained positive sentiment as the market capitalisation of equities appreciated by N235bn. The major market performance indices, the...

Stock Market Fall By N39bn On Profit-taking

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The Nigerian equity market on Monday began the week on a negative note as investors continued to take profits to increase capital gains. The key...

Fidelity Bank Excites Stock Market With Smooth Transition And Sustained Financial...

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The stock market was in excitement on Wednesday with the smooth transition at Fidelity Bank Plc, when MD/CEO, Mr. Nnamdi Okonkwo gave account of...

Interventions Drive Daily I&E Window Sales To $150m – Says Emefiele

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The Governor of the Central Bank of Nigeria, Godwin Emefiele, has said interventions introduced by the CBN have resulted in a daily trade of...

Income Tax Revenue Lags Behind Fed Govt Projections

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Amidst various pressures on the Federal Government’s finances and 2020 budget’s revenue estimates, an indication has emerged that the government has already recorded a...

Stock Market Ends Weekly Gains, Investors Lose N470bn

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Activities on the floor of the Nigerian Stock Exchange closed on a negative note last week as the All-Share Index and market capitalisation depreciated...

Stock market index rises above 5% threshold, gains 2074.10 bps

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By Amaka Ifeakandu Lagos - Transactions on the floor of Nigerian Stock Exchange remains upbeat following gains recorded by Capitalised companies forcing the index to...

Oil Firms Spent N2.64bn On Transportation In Nine Months

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The total expenses made on transportation and freight costs of oil products by four major oil marketing companies in the country in the first...

NSE approves Abbey Mortgage Bank’s plan to raise N3b capital

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The management of the Nigerian Stock Exchange (NSE) has approved plan by Abbey Mortgage Bank Plc to raise about N3.03 billion new equity funds...

Stock Market Gains N212bn On Sustained Positive Sentiment

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The equities market on Tuesday extended gains by N212bn following gains recorded by some blue-chip firms. The key performance indices, Nigerian Stock Exchange All-Share Index...

Aviation Fuel Revenue Drops By N14.9bn In 9 Months

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The total revenue generated by two of the major oil marketing companies in the country from the sale of aviation fuel plunged by 58.2...