MARKETS

By ABDUL-KHALIQ OLALEKAN Sovereign Trust Insurance (STI) Plc has extended its Corporate Social Responsibility (CSR) initiative to a Lagos-based Non-Governmental Organization, Teenage Life on partnership aimed at strengthening youth development in the country. A statement from the company and made available to Business247, noted that the Coordinator of Teenage Life,...

The bulls engaged the bears in battles on the Nigerian Stock Exchange (NSE) on Wednesday as they forced the market back to the positive position s the market regained 0.80 percent as All Share Index closed at 29,812.91 from the Tuesday closing of   29,575.24 points. Investors recorded a gain of...

Central Bank of Nigeria (CBN) and Citibank on Wednesday executed the country's first naira-settled futures trade against the dollar, market regulator FMDQ OTC Securities Exchange said. On Monday the CBN introduced an over-the-counter futures market on the currency to help manage dollar demand, quoting the naira firmer at 279 to...

The Federal Government plans to raise between N305 billion and N395 billion ($1.08 billion -$1.40 billion) in local currency-denominated bonds with maturities ranging from five to 20 years in the third quarter of the year, the Debt Management Office (DMO) said on Wednesday. The debt office said it would auction...

Equities trading on the Nigerian Stock Exchange (NSE) continued on a bearish note on Tuesday as investor's value dipped  as investors suffered value depreciation of N91 billion. The market indicators recorded 0.89 per cent depreciation compared with the decline of 2.63 percent recorded on Monday. The All-Share Index shed 264.99...

By ABDUL-KHALIQ OLALEKAN Experts have called on the President Muhammadu Buhari-led administration to unveil friendly policies that will aid insurance adoption in the country, noting that his policies, since he took over the presidency was making Nigerians uncomfortable, as disposable income continue to drop on daily basis. Mr. Lanre Sotunde,...

Total equities on the trading floor of The Nigerian Stock Exchange (NSE) have dropped by 3.1 per cent in three years to 190, checks by Business247 have revealed. Data gathered by our correspondent revealed that equities on the secondary market in 2013 stood at 198. A year later, it dropped...

The shareholders of Lafarge Africa Plc have approved a dividend of N3 per share and a bonus of one for every ten shares for the year ended December 31, 2015. The leading cement and building solutions provider, achieved growth in its operations as recorded in its full 2015 results, surmounting...

The equities market resumed the week negative as market indicators of the Exchange fell by 2.64 percent as a result of profit taking as well as cautious trading amidst cautious trading across global markets on the account of the Britain vote to exit the European Union. The Market Capitalisation closed...

The New York Stock Exchange has opened and the Dow Jones Index promptly dropped by 148 points, or 0.85 percent. Overall, global investors are still clearly worried about Brexit. Analysts say trading this week throughout the world could be volatile. I'll have a short summary of the full day's trading...