MARKETS

Unity Bank Plc has announced 63 per cent decrease in profit after tax for the third quarter (Q3 2016) ended September 30, 2016 from N9.3 billion to N3.4 billion. The bank posted a profit before tax of N3.8 billion for Q3 2016, despite the challenging operating environment and economic challenges,...

Reiterate 'buy' recommendation Review forward earnings estimate The nine-month financial position of Zenith Bank plc released on the Nigerian Stock Exchange on Monday in which the company reported a significant improvement in performance for the period, has been receiving applause by investment analysts. Analysts at Capital Bancorp review the performance...

The equities market trading on the Nigerian Stock Exchange (NSE) continued from previous session's downward trend as All Share Index (ASI) closed at 27,574.95 basis points, 0.08 per cent lower than Friday's closing rate of 27,598.34 basis points. Similarly, market capitalisation that opened at N9.478 trillion also dropped by N7...

The management of the Ecobank Transnational Incorporated (ETI) yesterday issued a notice to the defunct Oceanic Bank plc shareholders, to convert their preference shares to Ordinary Shares by Monday October 31, 2016, saying that after the said date, such shareholders will not be able to convert the preference shares anymore....

United Bank for Africa (UBA) has continued to receive accolades and global recognition for its commitment to the use of cutting-edge technology to provide simple and convenient banking solutions and services to its customers. The pan African banking Group was adjudged winner in two categories at the recently concluded Finacle...

For the nine months ended September 30, 2016, Zenith Bank Plc has recorded N380 billion gross earnings, 13 per cent above 336.58 billion recorded in September 30, 2015. The group unaudited nine months result for the period ended September 30, 2016, said, its profit after tax grew by 20 per...

The Nigerian Stock Exchange (NSE or The Exchange) has emerged the Most Innovative Stock Exchange in Africa 2016. This award was   presented to The Exchange by The Business Year Magazine on Monday, October 17, 2016 at the Stock Exchange House, Lagos. The Business Year Magazine Awards recognize different categories of...

Nigeria expects to sell a Eurobond worth around $1 billion before the end of the year and is in the process of appointing managers for the sale, Finance Minister, Mrs Kemi Adeosun said on Friday. The Eurobond is part of Nigeria's plans to borrow a total of 1.8 trillion naira...

A turnover of 674.721 million shares worth N7.657 billion in 12,290 deals were traded this week by investors on the floor of the Exchange in contrast to a total of 1.163 billion shares valued at N9.251 billion that exchanged hands last week in 14,992 deals. The NSE All-Share Index and...

The Nigerian Stock Exchange All Share Index (NSE ASI) and the Market Capitalization increased by 0.44 per cent, while the Year-to-Date return stood at -3.64 per cent as investors recoup N41 billion from huge losses they have suffered in the first three sessions of this week. The All-Share Index closed...