MARKETS

After some sessions of losses, respite somehow came the way of investors on the Nigerian Stock Exchange (NSE) on Wednesday as they were able to recoup some losses. The market All-Share Index and Market Capitalisation which closed at 27,272.14 basis points and N9.367 trillion on Tuesday rose to 27,421.83 basis...

Skye Bank Plc has informed the regulatory authorities, shareholders and other stakeholders that it would be late in filling its interim Financial Statements for the periods ended March 31, and June 30, 2016. The lender, in a notice to the Nigerian Stock Exchange (NSE), gave the reasons which necessitated the...

In its efforts to revamp its business activities, AG Leventis has said it will inject fresh capital that would turn around the company’s performance. Speaking at the ‘Facts Behind the figures’  on the Nigeria Stock Exchange (NSE), Executive Vice Chairman/ Chief Executive Officer of AG Leventis, Michael Economakis, said the...

The trading activities on the Nigerian Stock Exchange (NSE) which began on a negative note on Monday continued along the same line on Tuesday as the All-Share Index and Market Capitalisation which closed at 27,394.98 basis points and N9.409 trillion respectively on the opening day of the week came down...

Financial Markets Dealers Quotations (FMDQ) has admitted N16.79 billion commercial paper of UACN Property Development Company to its OTC securities Exchange. It was another notable stride in FMDQ’s drive to create a vibrant and successful commercial paper market, as the UPDC became the fifth company admitted for quotation following the...

GlaxoSmithKline Consumer Nigeria Plc approved the company’s plan to sell its drinks business to Suntory Beverage and Foods Limited for $79.2 million (N15.7 billion) to concentrate on its core business of healthcare. This is according to a report made available to journalists after its 2015 Annual General Meeting (AGM) in...

With the Risk Based Supervision (RBS) expected to commence in insurance industry, Royal Exchange Plc said it is planning to recapitalise in a bid to have the required capital structure for bigger ticket risks. Group Managing Director (GMD) of the company, Mr. Auwalu Muktari, who stated this in Lagos, over...

The Central Bank of Nigeria, (CBN) has charged Authorized Dealers, who are agents to the approval of International Money Transfers Operators (IMTSO), to sell foreign currency cash to licensed Bureau De Change operators (BDCs), subject to a maximum of USD30,000.00 ( Thirty Thousand United States Dollars) weekly. The apex bank,...

First City Monument Bank Limited (FCMB) has said that holders of its MasterCard, Visa and Verve payment cards are in for seamless service following the full implementation of its recently-introduced technology solution called Finacle 10. In a statement by the bank, intending holiday makers will now have access to over...

The top 10 stockbroking firms traded shares valued at N55 billion in seven months ended July 31, 2016, according to the data obtained by business247 News Online. This made the firms to account for 60.98 per cent of total value of stocks traded on the Nigerian Stock Exchange (NSE). An...