MARKETS

Ecobank Nigeria has launched Ecobank MasterPass QR, a Mastercard global digital system that allows people to pay for services using mobile phones. The innovative new platform will also enable micro, small and medium enterprises (MSMEs) in the country to receive digital payments from millions of customers. Ecobank Masterpass QR, makes...

The Naira on Friday appreciated marginally at the interbank market, gaining 0.86 per cent against the dollar. The Nigerian currency closed at N310.20 from N326.81 it traded at the interbank market on Thursday. It, however, dipped three points to N423 at the parallel market, from its Friday rate of N425...

The equity market segment of the Nigerian Stock Exchange (NSE) maintained upward trend to close the last trading day of week with a marginal increase of 0.01 per cent. The All-Share Index (ASI) appreciated by 3.43 basis points to close at 27,577.52 as Market Capitalisation closed at N9.473 trillion following...

River State government has commended Heritage Bank for its role in enhancing youth entrepreneurship development and engendering self-employment through its various initiatives and products. The government lauded the bank’s effort to lead the recovery of the Nigerian economy via schemes such as the administering and management of the Central Bank...

Conoil has announced a 125 per cent increase over its last financial year profit before tax despite the turbulence that rocked the nation's economy and indeed, the downstream sector of the petroleum industry in 2015. Following this impressive performance, the oil marketing giant has proposed a 200 per cent increase...

Equity transaction on the Nigerian Stock Exchange (NSE) on Thursday ended bullish as investors renewed their interest in the market. The market gained N18 billion to close at N9.472 trillion while All Share Index gained 51.47 basis points or 0.19 per cent to close at 27,574.09 basis points. The upturn...

Access Bank School of Banking Excellence has won the Chartered Institute of Bankers of Nigeria (CIBN) award for the Best Bank Academy in the year 2016. The award was in recognition of the quality of the curriculum of the school and quality of the graduates as well as the consistency...

The Central Bank of Nigeria (CBN) has said that it was planning to borrow N952.04 billion ($3.02 billion) with new issues of Treasury Bills from September 15 to December 1, 2016. The CBN in its latest Treasury Bills issuance calendar said it would sell N264.47 billion worth of three-month bills,...

As a result of weak revenue, Capital Oil Plc has reported a loss of N61.85 million for the financial year ended December 31, 2015. The petroleum products distributing company had reported a N131.2 million in prior full year, an indication that shows continued deteriorating results. Capital Oil revenue dropped by...

The nation’s equities market closed the day on a positive note following a three trading session relapse as the Nigerian Stock Exchange All-Share Index (NSE ASI) gained 0.07 per cent to close at 27,522.62 basis points Investors gained N2 billion as Market Capitalisation closed at N9.454 trillion against a decline...