archiveApril 2016

Trading in the shares of Zenith International Bank Plc, Guaranty Trust Bank Plc and United Bank for Africa Plc. (measured by volume) accounted for 290.319 million shares worth N3.015 billion in 3,795 deals, contributing 32.79 per cent and 51.72 per cent to the total equity turnover volume and value respectively...

Guinness Nigeria Plc said in a statement on the Nigerian Stock Exchange’s website that    it profit fell by 83 percent in the nine months through to the end of March, 2016. Its earnings after tax were 864 million naira ($4.35 million) in the period, compared with 5.2 billion naira a...

The Nigerian Stock Exchange All Share Index (NSE ASI) and the Market Capitalization decreased by 0.24%, today while the Year-to-Date return stood at -13.24 per cent. The All Share Index closed at 24,850.11 against the previous close of 24,909.88 while Market Capitalization closed at ₦8.548 trillion against Thursday close of...

Mitsubishi Motors shares nosedived for a third session today, tumbling as much as 16 percent after the Japanese automaker’s shock admission that it cheated on fuel-efficiency tests. According to online report monitored by Business247, panic-selling on Wednesday and Thursday — when the government raided one of its research centres —...

The OTC market grew in size and structure in the first quarter of 2016. At the end of the quarter, NASD had admitted 26 securities to trade as against 24 securities in the previous quarter with the introduction of two more companies (Fan Milk Plc and Vital Product Plc). The...

With the current economic downturn negatively affecting all sectors of the nation's economy, some experts are set to proffers solutions on how insurance companies across the country and African continent can survive the trying times. If the current trend remains, insurance industry may suffer significant drop in premium income this...

Zenith Bank Plc in its 2015 audited accounts maintained an impressive growth in profitability and dividend, reaffirming the bank’s position as one of the most profitable and well managed financial institutions in the country. The bank made history as it crossed N4 trillion mark in total assets while its profit...

Guaranty Trust Bank plc has released its unaudited financial results for the first quarter ended March 31, 2016 to the Nigerian and London Stock Exchanges. A review of the first quarter 2016 result shows that the Bank recorded a 4.6 percent decline in gross earnings to N75.39 billion (Q1, 2015:...

The Accountant-General of the Federation (AGF), Mr. Ahmed Idris has said that so far N2.7 trillion has been collected into the Treasury Single Account (TSA) platform. The AGF who spoke during an interaction with a team of journalists in Abuja stressed that the money  belongs to Federal Government Ministries, Department...

Uncertainties in the nation’s economy have continued to weaken listed banks’ profit; with three of the 22 banks in the country losing N10 billion in their unaudited first quarter s and accounts for the period ended March 30, 2016. Slow gross earnings, naira volatility and other economic challenges have made...