MARKETS

The Director General of the Securities and Exchange Commission (SEC), Mr Lamido Yuguda, has stated that the Commission will continuously collaborate and engage relevant agencies to eliminate completely all Ponzi schemes operations in the nation’s capital market. Yuguda who spoke in Abuja over the weekend said the SEC has been...

Investors on the Nigerian bourse gained N532.1 billion on Thursday as the bullish run continued even as market capitalization nudged up by 2.02 per cent in the day trading. In what was a complete recovery from two consecutive losses recorded earlier in the week, the stock market’s equity capitalization rose...

    The Nigerian bourse began the week transaction on a losing note on Monday as the Market Capitalisation recorded a loss N13.06 billion to close the day trading at N26.614 trillion as against N26.628 trillion it started the day with. The negative performance was majorly driven by selloffs in...

  The NGX All-Share Index and Market Capitalization depreciated by 2.09 per cent to close the week at 49,664.07 and N26.787 trillion respectively. Similarly, all other indices finished lower with the exception of The NGX Insurance, NGX Consumer Goods and NGX Growth Indices which appreciated by 6.00%, 3.00% and 1.56%...

The NGX All-Share Index and Market Capitalization appreciated 0.70 per cent  and 0.72 per cent respectively to close the week at 50,722.33 and N27.358 trillion respectively. Similarly, all other indices finished higher for the week with the exception of The NGX-Main Board, NGX NGX Insurance, NGX Industrial Goods and NGX...

  as Exchange goes live   Lagos Commodities and Future Exchange (LCFE), Heritage Bank Plc, Capital Market players and other stakeholders have unlocked the $1trillion (N445trn) commodities ecosystem as avenue to diversify the economy from a crude oil dependent economy to other critical economic sectors. This was revealed at the...

The National Insurance Commission (NAICOM) has said that more insurance companies may be sanctioned through liquidation as part of moves to reposition the industry. The Deputy Commissioner, Technical, NAICOM, Mr. Sabiu Abubakar, made this known at the Chartered Insurance Institute of Nigeria (CIIN), Second Edition of 2022 Business Outlook Seminar...

  A former Commissioner for Finance in Imo State and currently Professor of Capital Market at the Nasarawa State University Keffi, Uche Uwaleke has given insight into what to expect in the fixed income and equities market for the remaining part of the year. Speaking as a guest lecturer at...

The Debt Management Office (DMO) has refuted news about Nigeria regarding the World Bank Disclosure Rule and borrowing loans, its Director-General, Patience Oniha issued a rebuttal on Thursday. The DMO said it was not true that the World Bank blamed Nigeria on the disclosure rule. Media reports accuse the Nigerian...

An investor in Union Bank of Nigeria Plc, Dr. Charles Mekwunye (SAN), has urged the Federal High Court in Lagos to nullify the bank’s acquisition by Titan Trust Bank. The plaintiff, through a team of lawyers led by Mr A.M. Makinde (SAN), had earlier sued Union Global Partners Ltd (first...