MARKETS

The Nigerian Stock Exchange (NSE) resumed today on a positive note as All Share Index appreciated by 0.06 per cent as it closed at 28,263.16 basis points compared to last Friday’s closing figure of 28,247.07 basis points. Market capitalisation closed the day at N9.709 trillion following a gain of N5.5...

Mr Ike Chioke, Managing Director, Afrinvest West Africa Limited, has commended the Central Bank of Nigeria (CBN) in taking a tough policy decisions to restore confidence and make the economy attractive for foreign capital inflows. Chioke, while speaking at the official lunch of the ‘Nigerian Banking Sector Report’ by Afrinvest...

A turnover of 4.331 billion shares worth N16.803 billion in 16,797 deals were traded this week by investors on the floor of the Nigerian Stock Exchange (NSE) in contrast to a total of 611.527 million shares valued at N5.495 billion that exchanged hands last week in 9,650 deals. The NSE...

Following allegations from some aggrieved insurance operators, claiming the Commissioner for Insurance, Alhaji Mohammed Kari, has no insurance qualifications, hence, should not have been appointed to regulate the industry, the Chartered Insurance Institute of Nigeria (CIIN), has now faulted the allegations, noting that Kari has the needed insurance qualifications to...

The Chairman, Susman & Associates, Dr. Shamsuddeen Usman, said insurance industry in the country has a lot of opportunities and potentials yet to be tapped into, suggesting ways to capitalise on the enormous potentials to grow the industry. Usman, while speaking at the 2nd edition of the Executive Breakfast Meeting...

The Risk Managers Society of Nigeria (RIMSON), is set t launch a book on 'Risk Management and Other Professions' in Lagos next early October. The book authored by Engineer Jacob Adeosun of RIMSON focuses on the pivotal place of risk management for the survival of government and enterprises. A statement...

The interbank lending rate eased to around 15 per cent on Friday, down from nearly 40 per cent for overnight lending a week ago, as the disbursal of August budget allocations to government agencies boosted market liquidity. According to Reuters report monitored by Business247 News Online, overall, the market had...

Trading in equities on the Nigerian Stock Exchange (NSE) closed on a positive note on Friday as investors gained N28 billion. The market capitalisation closed at N9.703 trillion from N9.675 trillion on Thursday. NSE All Share Index (NSE ASI) recovered from previous trading session’s relapse with a growth of 0.29...

Royal Exchange Insurance Plc said it generated a gross written premium of N10.79 billion in its 2015 financial year end, showing a 14 per cent increase compared to N9.43 billion posted in 2014 financial year, even as it promised to leverage on micro-insurance to capture more Nigerians in the grassroots....

The equities market dropped by 0.17 per cent on Thursday as investors traded on speculation following the Central Bank of Nigeria (CBN) decision to retain its rates. The Nigerian Stock Market All Share Index (NSE ASI) declined by 0.17 per cent to close at 28,166.42 basis points from 28,214.57 basis...