Stock Market report for week ended 18th August, 2017
A total turnover of 1.394 billion shares worth N25.037 billion in 23,133 deals were traded during the week by investors on the floor of...
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FAAC: Breakdown of how FG, States, FCT shared N2.56trn in 6 months
The Federal government, 36 states and the Federal Capital Territory (FCT) shared the sum of N2.56 trillion in the first half of 2017 from...
Naira crashes further at parallel market
The Nigerian currency, naira on Thursday continued to crash against the dollar at the parallel market. The currency lost one point to...
FG saves N4.7b monthly from TSA – AGF
The Accountant General of the Federation (AGF), Ahmed Idris, has revealed that the Federal Government on a monthly basis saves about N4.7...
Sterling Bank under fire for rejecting NIN as NIMC issues warning
Sterling Bank on Thursday got more than what it bargained for after informing a customer that it does not accept the National...
TSA: Reps order Auditor General to submit audit report in November
Chairman of the House of Representatives Adhoc Committee, on Treasury Single Account (TSA) Abubakar Nuhu (Kano-APC) has ordered the...
First Bank appoints Tosin Adewuyi as Group Executive of its Nigeria Limited, Director FBN UK
First Bank of Nigeria Limited, Nigeria’s most valuable banking brand and foremost financial institution, has announced the appointment of...
First Bank promotes over 3000 staff despite recession
First Bank of Nigeria Limited has promoted over 3000 of its workforce in its recent promotion exercise targeted at rewarding staff for...
Naira depreciates further against dollar, hits N370 at parallel market
The naira on Tuesday failed to consolidate on its gains in recent weeks. It depreciated to N370 per dollar in the parallel market. The...
Coronation Merchant Bank assures mutual fund investors of high returns
Coronation Asset Management Limited, the asset management arm of Coronation Merchant Bank Limited, has assured investors in its mutual...
Naira crashes against dollar
The naira on Monday crashed further against the dollar at the parallel market. The currency exchanged at N367 to the dollar. The naira...
Stock market report for the week ended 11th August, 2017
A total turnover of 1.518 billion shares worth N28.868 billion in 23,053 deals were traded this week by investors on the floor of the...
CAC delists 44,000 companies
No fewer than 44,000 companies have been delisted from the database of the Corporate Affairs Commission (CAC). The commission has also...
Naira records high gain at parallel market
The naira on Wednesday appreciated against the dollar at the parallel market, exchanging at N363 to the dollar from the N366 posted on...
NSE market capitalization hits N13trn mark
The Nigerian Stock Exchange (NSE) market capitalisation on Tuesday hit the N13 trillion mark, barely three weeks it crossed N12 trillion...
Why Federal Bureau of Statistics postponed release of eight ‘crucial’ reports
The National Bureau of Statistics (NBS) has cited challenges beyond its control as the reason for the postponement of the release of...
Nigeria requires N3.05tr to increase oil production
The Minister of State for Petroleum Resources, Ibe Kachikwu in the current Organisation of the Petroleum Exporting Countries (OPEC)...
Beginner’s guide to Forex trading
People have been trading one currency for another since the beginning of time. However, the modern foreign exchange or Forex industry...
Stock market for week ended August 4th, 2017
A total turnover of 2.518 billion shares worth N114.117 billion in 23,546 deals were traded this week by investors on the floor of the...
CBN to block accounts without BVN, extends enrollment for Micro-finance Banks
The Central Bank of Nigeria, CBN, has said that with effect from January 1, 2018, all customers without Bank Verification Number, BVN,...
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