MARKETS

Investors on the Nigerian Stock Exchange (NSE) traded 182.247 million shares valued at N2.934 billion in 3,113 deals on Tuesday. The market All-Share Index and market Capitalisation closed at 27,810.28 basis point and N9.551 trillion respectively as against 27,812.06 and ₦9.552 trillion recorded on Monday. The market can be said...

Amidst macro economy challenges, total of six Deposit Money Banks (DBMs) have reported a N33.9 billion decline in profit after tax. According to data gathered by Business247 News Online, the six financial institutions profit for the half year (H1) ended June 30, 2016 dropped by nearly 28 per cent. These...

As part of efforts to stimulate economic activities in the country, the Central Bank of Nigeria (CBN) on Monday directed commercial banks and other authorised dealers in the foreign exchange (forex) market to ensure that 60 per cent of total forex purchases are channelled to end users strictly for the...

As Fidelity Bank Plc begins its “Get Alert in Millions” promo, it has promised to reward its lucky customers with N105 million cash. I addition to the cash, the bank also revealed that there is also 138 customers fridges and generating sets to be won by the customers as consolation...

Trading activities on the Nigerian Stock Exchange began on a positive note today as the All-Share Index closed at 27,812.06 against the previous close of 27,650.32 while Market Capitalization closed at ₦9.552 trillion against previous close of ₦9.496 trillion on Friday, translating to a value addition of N56 billion. The...

The Nigerian Stock Exchange (NSE) in collaboration with Bloomberg is set to host the 2nd NSE Bloomberg CEO Roundtable Event on Wednesday, 31st August 2016 at the Stock Exchange House, Marina, Lagos. The CEO Roundtable themed “Navigating the Changing Business Landscape in Nigeria” will bring together thought leaders and captains...

Royal Exchange Plc said, over the weekend, it generated a Gross Written Premium of N8.43 billion from its business activities in the first half of the 2016 financial year, representing an increase of 34 per cent over the figure of 2015, which stood at N6.28 billion. A statement from the...

New Chairman of Nigerian Insurers Association (NIA), Mr. Eddie Efekoha, has promised to embark on massive insurance awareness campaign to aid insurance penetration and acceptance in the country. Efekoha, who made the pledge at his investiture as the 22nd Chairman of the association in Lagos, noted that it was imperative...

A turnover of 1.375 billion shares worth N12.940 billion in 16,915 deals were traded this week by investors on the floor of the Nigerian Stock Exchange (NSE) in contrast to a total of 1.361 billion shares valued at N10.711 billion that exchanged hands last week in 16,070 deals. The NSE...

  …proposes N0.25 interim dividend. Access Bank announces its audited results for the half year ended June 30, 2016 with profit before tax and profit after tax gaining 28 per cent and 26 per cent respectively. The bank’s Profit Before Tax (PBT) up by 28 per cent to ₦50.0 billion...