MARKETS

Market continued its positive ride on Wednesday on the Nigerian Stock Exchange (NSE) as the All-Share Index (ASI) and Market Capitalisation which opened the day trading at 27,389.02 basis points and N9.406 trillion respectively closed at 27,437.25 basis points and N9.423 trillion, translating  to a marginal gain of N17 billion...

Amid macro economy challenges, Guaranty Trust Bank Plc has announced N91.4 billion profit before tax in its audited hal- year period ended June 30, 2016. In its results posted on the Nigerian Stock Exchange website today, the leading in profitability bank announced a growth of 44.8 per cent in profit...

There are strong indications that insurance companies in the country are set to lose billions of Naira as the National Insurance Commission (NAICOM) has suspended financial institutions, telecommunication companies and airlines from selling insurance products, unless these distribution agencies are licensed by the commission to do so. As it stands,...

For second day running, equity transactions on the Nigerian Stock Exchange (NSE) closed positive as investors on the Exchange gained N24.9 billion as the All-Share Index (ASI) and Market Capitalisation closed at 27,389.02 basis points and N9.406 trillion respectively on Tuesday compared to 27,316.52 basis points and N9.381 trillion  recorded...

In its efforts to tackle liquidity challenges, the managing director, Jaiz Bank Plc, Mallam Hassan Usman, said the bank is in process of developing sharia compliant investment instruments in Nigeria. He disclosed that the corporation wishes Debt Management Office (DMO) and the Federal Ministry of Finance to expedite the commencement...

The Central Bank of Nigeria (CBN) has increased the limit foreign exchange that banks can sell to Bureaus De Change (BDCs) from $30,000 to $50,000. Managing Director United Bank for Africa (UBA), Mr. Kennedy Uzoka told journalists on Tuesday in Abuja after the Bankers’ Committee meeting that the decision was...

Dangote Flour Mills Plc has returned to profitability as it posted a profit before Tax (PBT) of N2.64 billion in the half-year ended June 30, 2016, compared to a loss of N9.55 billion posted at the corresponding period in 2015. According to the half- year report of the company released...

Trade transactions on the Nigerian Stock Exchange (NSE) started on a bright note on Monday as the twin-market indicators closed positive as the All-Share Index and Market Capitalisation recorded 27,316.52 basis points and N9.382 trillion respectively from 27,246.88 and N9.358 trillion with which it began the week transactions respectively. This...

The Securities and Exchange Commission (SEC) and other market stakeholders have been commended on the issues of e-dividend, unclaimed-dividend solutions and extension of deadline on e-dividend registration by shareholders in the country. A shareholder activist and co-Founder Nigeria Shareholders Solidarity Association (NSSA), Alhaji Gbadebo Olatokunbo in a statement made available...

The NSE All-Share Index and Market Capitalization of the Nigerian Stock Exchange (NSE) depreciated by 0.65 per cent to close the week at 27,246.88 and N9.358 trillion respectively. Similarly, all other Indices finished lower during the week, with the exception of the NSE Industrial Goods Index that gained 0.66 per...