MARKETS

The Nigerian Stock Exchange (NSE) equities market segment closed the first half of the year with market capitalization gaining N314 billion or 3.2 per cent. Market capitalization (total value of tradable equities of a publicly traded company) closed June 30, 2016 at N10.165 trillion from N9.851 trillion the market opened...

The NSE All-Share Index and Market Capitalization depreciated by 4.39 per cent as against   the appreciated of 4.79 per cent the market recorded the previous week to close the week at 29,305.40 and N10.065 trillion respectively. The All-Share Index and Market Capitalization closed the week at 30,649.66 and N10.527 trillion...

By ABDUL-KHALIQ OLALEKAN In spite of the harsh operating environment, Royal Exchange Plc said it was able to generate a gross written premium of N10.7 billion from its business activities for the financial year ended December 31, 2015. This, it said, represents an increase of 14 per cent over the...

Niyi Olaoye Following the recent sharp drop in the global oil price which has taken toll on the Nigerian economy, several state governments have commenced planning on how to restructure their billions naira worth of debts, Business247 can reveal. Data from the Debt Management Office (DMO) has showed that several...

By ABDUL-KHALIQ OLALEKAN Insurance stakeholders are expected to converge to discuss possible ways to increase insurance adoption and acceptance in the country. The meeting which will hold under the flagship of the 2016 Insurance Industry Consultative Council (IICC) in Abuja between 10th and 13th of July, 2015, would be a...

Equity trading on the Nigerian Stock Exchange (NSE) closed the trading week this Friday on the negative territory it has been operating for the better part of the week as investors recorded a loss  of N101 billion leaving the market capitalisation to close at N10.064 trillion from N10.165 trillion it...

Oando Plc has announced audited results for the twelve-month period ended December 31, 2015, with a loss of N49.7 billion The leading indigenous energy group listed on both the Nigerian and Johannesburg Stock Exchanges, had reported a loss of N145.7 billion in the prior financial results. The company also reported...

Academy Press plc has announced a loss of N151.8 million for the financial year ended 2016 on the heels of poor revenue and hike in operating expenses. The printing press company had declared a loss of N25.5 million in 2015, as such continued to erode dividend payment to shareholders. Academy...

By ABDUL-KHALIQ OLALEKAN A total of 58 insurance companies in the country were able to record N350 billion premiums from insurance businesses they undertook in the 2015 financial year. This was a 19 per cent increase from N249 billion posted in the 2014 financial year. Disclosing this at the 45th...

Equity trading on the Nigerian Stock Exchange (NSE) on Monday reverted to negative territory as the market capitalisation closed at N10.165 trillion from the value of N10.239 trillion with which it closed on Wednesday as investors closed the day trading with N74 billion loss. The All-Share Index closed at 29,597.79...