CAPITAL MARKET

First City Monument Bank (FCMB) Group Plc has reported N140.7 billion in gross earnings for the third quarter ended September 2016, 29 per cent above N109.3 billion recorded in the same period prior year. The group non-interest income stood at N44.8 billion, for Q3 2016, an increase of 128 per...

The Securities and Exchange Commission (SEC) is set to improve the financial literacy of Nigerians as poor financial literacy has been identified as one of the factors responsible for the low level of financial inclusion in the country. This was disclosed by Director General of the Securities and Exchange Commission...

The equities market resumed its downward trajectory on Thursday following Wednesday’s positive close that ended eight consecutive losing sessions as the  market capitalization declined at the end of the day transactions by N10 billion Market capitalisation dropped by 0.1 per cent to N8.77 trillion from N8.78 trillion with which it...

Miss Ifeoluwa Toluwanimi Abiodun, a 14 year old student of Babington Macauley Junior Seminary, Ikorodu, Lagos State, has emerged the winner of the 2016 edition of the NSE Essay Competition for Senior Secondary Schools students in Nigeria. Ifeoluwa clinched the first position at the award ceremony held at the Civic...

The bulls resurfaced in the equities market of The Nigerian Stock Exchange (NSE) on Wednesday to halt an eight consecutive day of losing spree, with the All Share Index rising by 0.22per cent. The equities market benchmark, All Share Index added 0.22 per cent or 55.66 basis points to settle...

The Chief financial officer, Skye Bank Plc, Pius Olaoye has said the lender might sell some or all of its local and foreign subsidiaries as part of a review aimed at streamlining operations and boosting its capital adequacy. The Central Bank of Nigeria (CBN) shored up Skye Bank in July...

  ...CBN to raise N117bn T-Bills bills at auction Investors in the equities sector of The Nigerian Stock Exchange (NSE) lost N20 billion on Tuesday, making an eighth consecutive session of value depreciation primarily driven by heavy selloffs across Oil & Gas shares. Market capitalisation settled at N8.76 trillion from...

FMDQ OTC Securities Exchange has welcomed another listing of Sterling Investment Management SPV PLC N7.965 billion Series 1, Seven-Year 16.50 per cent Fixed Rate Unsecured Bond, under a N65 billion Debt Issuance Programme on its platform. Formally welcoming the listing at a ceremony on Monday, at the FMDQ offices, Vice...

The stock market  activities  resumed on the Nigerian Stock Exchange (NSE) on  negative territory where it was for the whole of last week as the market  All-Share Index (NSE ASI) and the Market Capitalization decreased by 0.15 per cent, while the Year-to-Date return stood at -10.97per cent. The All Share...

The Securities and Exchange Commission (SEC) is set to achieve another milestone by infusing capital market studies (CMS) into school curriculum with the signing of a Memorandum of Understanding (MoU) with the Nigerian Educational Research and Development Council (NERDC). This was done weekend at the Commission's head office in Abuja...