MARKETS

A turnover of 934.905 million shares worth N6.357 billion in 12,352 deals were traded this week by investors on the floor of the Nigerian Stock Exchange (NSE) in contrast to a total of 1.287 billion shares valued at N9.303 billion that exchanged hands last week in 15,258 deals. The Market...

The Nigerian Equities market on Friday relapsed from previous trading session’s marginal growth following 0.70 percent decline in the Nigerian Stock Exchange (NSE) All-Share Index (ASI) to close at 27,835.22 basis points Consequently, investors on the Nigerian equities market lost N67.6 billion as market capitalization closed at N9.561 trillion against...

  There is a disagrement between the  Nigeria Employers' Consultative Association (NECA) and the the nation's  apex capital market regulator, the Securities and Exchange Commission (SEC)  as NECA has cried out against the sanctioning of some quoted companies by SEC for failing to file their fourth quarter unaudited results. NECA...

The Equities market today reversed the negative trend of prior trading sessions as lead indicator- the Nigerian Stock Exchange (NSE) All-Share Index inched up by 0.08 per cent to close at 28,031.90 basis points from 28,009.40 basis points it opened. Consequently, investors on the equities market gained N7.7 billion as...

United Capital Plc on Thursday reported a jump of 146 per cent in profit after tax (PAT) for the nine months ended September 31, 2016. The investment banking firm in 2015 full year results recorded an impressive performance and rewarded shareholders with a dividend of N0.35 kobo per share. However,...

Yields on Nigeria's short-dated treasury bills fell across the board at an auction on Wednesday, when the Central Bank f Nigeria (CBN) sold bills worth 129.67 billion naira ($411.65 million). Reuters’ report monitored by Business247 News Online says a total of 28 billion naira of 3-month paper was sold at...

Trading on the Nigerian Stock Exchange (NSE) on Wednesday was on a downward trend with the market indicators dropping further by 0.95 per cent due to price loses suffered by major blue chips. The All-Share Index lost 268.53 points or 0.95 per cent to close at 28,009.40 against 28,277.93 on...

The Managing Director/CEO of Guaranty Trust Bank plc; Segun Agbaje has emerged the 2016 Ai Socially Responsible Investment (SRI) 30 CEO of the year at this year’s 9th annual Ai CEO Investment Summit which took place on the sidelines of the UN General Assembly. Launched in 2007, the Ai Institutional...

PZ Cussons Nigeria Plc has announced N1.59 billion loss after tax, 470.6 per cent below N472.9 million in prior quarter of 2015. Despite increased revenue and N4.7 billion loss to foreign exchange, PZ Cussons Nigeria Plc has announced its worst results in recent quarters with N2.4 billion loss before tax...

Diageo has scrapped plans to lift its stake in Guinness Nigeria due to tough conditions in one of its biggest markets for the world-famous stout, the drinks company said on Wednesday. According to Reuters’ report monitored by Business247 News  Online, the decision by Diageo, which makes Johnnie Walker Scotch and...