MARKETS

Following the financial crisis that is ravaging the economy, Nigerians are now sacrificing their insurance budget to meet more immediate needs, a development experts said could mean sitting on a gun powder. ABDUL-KHALIQ OLALEKAN writes. Worldwide, insurance has been seen as the last hope of the common man. This is...

Fitch Ratings has affirmed the Issuer Default Ratings (IDRs) of eight Nigerian commercial banks and affirmed the Viability Ratings (VR) of all the banks. The Outlook on the Long-Term Foreign Currency IDR of one of the banks, Guaranty Trust Bank (GTB), has been revised to Stable from Negative due to...

S&P Global Ratings has today come out to lower its long-term counterparty credit rating on Skye Bank Plc to 'CCC-' from 'CCC+' and affirmed its 'C' short-term counterparty credit rating on the bank. According to the rating agency, “We also lowered our long-and short-term Nigeria national scale ratings on the...

The Minister of Finance, Mrs. Kemi Adeosun on Monday expressed the determination of the current administration to lead in the reforms of a more vibrant Nigeria insurance market. The Minister in her opening remarks at the National Insurance Conference in Abuja explained that a developed and active insurance market would...

A total of 275.364 million shares were exchanged by investors in 4,865 deals with the attached value of N3.442 billion. Market capitalisation closed the day at N9.896 trillion while the market All-Share Index closed at 28,813.51 as against N9.910 trillion and 28,854.98 respectively on Friday, leaving  investors to share a...

The Federal Government plans to raise N120 billion about $424.78 million in local currency denominated bonds with maturities ranging between 5-year and 20-year on July 13,2016, the Debt Management Office (DMO) said on Monday. According to DMO in a notice, it said that it would raise 40 billion naira at...

The Nigerian Stock Exchange (NSE) has released its 2015 Sustainability Report titled “Ushering in a new era of sustainability in the Nigerian market place”. According to a release by the Exchange, the report, the second edition, demonstrates how the Exchange showcases the importance of sustainable business practices in delivering value...

Only nine equities appreciated in price during the week on the Nigerian Stock Exchange (NSE), lower than 22 equities of the previous week, 48 equities depreciated in price, lower than 52 of the previous week, while 123 equities remained unchanged higher than 106 equities recorded in the preceding week. The...

Global Credit Ratings (GCR), an international rating agency at the weekend,  affirmed Sterling Bank Plc's national long term and short term ratings of BBB(NG) and A3(NG) respectively, with the outlook accorded as stable. This rating which is valid until July 2017 comes after another global ratings agency, Moody's Investors Service,...

Market transactions on the Nigerian Stock Exchange (NSE) closed the week negative on Friday after a three-day holiday for Ramadan celebration. Investor recorded a loss of N51 billion as the Market Capitalisation which opened the day trading activities at ₦9.961 trillion closed at N9.910 trillion. Also, the All Share Index...