MARKETS

At the end of equities trading on The Nigerian Stock Exchange (NSE) on Tuesday, the benchmark index weakened by 0.29 per cent to close at a month-low of 27,555.31 basis points from 27,634.99 basis points, while Year to Date loss dips to 3.8 per cent. The market capitalisation depreciated by...

Barring any last minute changes, the implementation of Risk Based Supervision (RBS) may commence in insurance industry latest by December this year, Business247 News Online has learnt. Already, the National Insurance Commission (NAICOM) has come up with a draft to which the insurance operators are expected to make inputs in...

The Nigerian Stock Exchange (NSE) equities market segment began the week on a negative note, as market capitalisation deprecated by N80 billion. It dropped by 0.8 per cent from N9.57 trillion it opened today to close at N9.49 trillion. Similarly, the NSE All Share Index (NSE ASI) declined by 0.81per...

Access Bank Ghana, a subsidiary of Access Bank of Nigeria, launched an Initial Public Offering (IPO) on Monday aimed at raising at least 104 million cedis ($26 million). The Nigerian bank told Reuters it would also cut its stake to 78 percent from 100 per cent in the flotation, aimed...

Zenith Bank says the current economic challenges facing Nigeria has not impacted on the Bank’s operations in Ghana. According to news report by GhanaWeb, Zenith Bank Ghana is also confident of the company’s prospects in the country despite similar prevailing economic challenges facing the Ghanaian economy. The high interest rates,...

Trading in the top-three equities namely  of Access Bank Plc, Diamond Bank Plc and United Bank of Nigeria Plc (measured by volume) accounted for 522.737 million shares worth N1.951 billion in 1,914 deals, contributing 44.95 per share and 21.09 per share to the total equity turnover volume and value respectively....

The Nigerian Stock Exchange All-Share Index (NSE ASI) which opened at 27,854.78 basis points on Thursday closed the week trading activities on Friday at 27,861.03 basis points even the Market capitalisation which opened the day trading on Friday at N9.57 trillion closed the day flat at N9.57 trillion. A total...

Lagos traders on Friday were optimistic that the economy would soon rebound as the Nigerian currency continues to appreciate in all the major segments of the forex market. The Naira on Friday continued to hedge against the dollar in all the major segments of the forex market. At the parallel...

The Nigerian Stock Exchange All-Share Index (NSE ASI) dipped for the second day in a row, shedding 0.62 per cent to close at 27,854.78 basis points from 28,027.23 basis points, dragged by profit-taking in Banking and Oil & Gas shares. Investors on The Exchange lost N60 billion as market capitalisation...

...As CBN set to sell N138.16b worth T-bills The Naira on Wednesday depreciated by N2 against the United States dollar at the parallel market as it currently trades at N467 compared to N465 which it traded on Tuesday. Business247 News Online notes that the currency also appreciated against the British...