MARKETS

About 26 per cent of companies listed on the main board of the Nigerian Stock Exchange (NSE) are trading at par value (N0.50), investigation by Business247 News Online has revealed. According to data gathered by our correspondent, 46 out of total 171 quoted companies on the equities market of The...

Nigeria is seeking two lead managers and a financial adviser to organize the issuance of $1 billion of Eurobonds this year, according to the nation’s Debt Management Office. According to Bloomberg report monitored by Business247 News Online, the sale is the first tranche of a $4.5 billion Nigeria Global Medium-Term...

Mr. Ahmed Kuru, Managing Director (MD) of the Asset Management Corporation of Nigeria (AMCON) says the management of the corporation has finally concluded plans over the sales of Keystone Bank and will announced the new buyer this week. Kuru, while speaking on a live TV program over the weekend noted...

The Central Bank of Nigeria (CBN) has directed Nigerian banks to resume dollar sales to Bureaux De Change (BDCs) seven months after it stopped the practice. The apex bank stopped the sales last January because of what it called dollar scarcity and abuse of operating guidelines. But, President, Association of...

  UBA, GTBank, Fidelity top trades for the week The All-Share Index and Market Capitalization of the Nigerian Stock Exchange (NSE) this week depreciated by 2.09 per cent even as investors recorded a huge loss of N212 billion to close the week at 27,425.86 basis points and N9.419 trillion from...

Transactions on the Nigerian Stock Exchange (NSE) closed in the negative territory on Friday as investors recorded a joint loss of N112 billion as the Market Capitalisation and All-Share Index which opened the day trading at N9.531 trillion and 27,751.34 basis points closed today at N9.419 trillion and 27,425.86 basis...

Naira hit 400 against the dollar on the black market on Friday, bureaux de change traders said, falling to its lowest since the Central Bank of Nigeria (CBN) floated the currency in June. On the official interbank market, the naira ended at 311 per dollar, 0.3 percent weaker, after trades...

…to wind-down operations in 2023 Asset Management Corporation of Nigeria (AMCON)  yesterday posted a loss of N304.35 billion in 2015, wider than last year's loss of N275.49 billion, after it wrote-down the value of collateral recovered from its purchase of bad loans. Executive Director, AMCON, Mr. Aminu Ismail, said the...

The bull puts up a level of resistance today on the Nigerian Stock Exchange (NSE) to ensure that investors in equities on the bourse recorded  a gain of N21 billion as the Market Capitalisation and All-Share Index which closed on Wednesday at N9.509 trillion and 27,687.80 basis points closed today...

Investors on the Nigerian Stock Exchange (NSE) have been showering praises on the Central Bank of Nigeria (CBN) for the decision to allow cheque payment into saving account with banks. Alhaji Gbadebo Olatokunbo, shareholder activist and co-founder of Nigeria Shareholders Solidarity Association (NSSA), in a statement made available to Business247...