Zimbabwe: Getbucks Granted Authorised Dealership Licence

Zimbabwe: Getbucks Granted Authorised Dealership Licence

LISTED microfinance bank, GetBucks has been granted an Authorised Dealership Licence enabling the entity to fully participate in the international banking segment. Presenting the financial performance for the full year ended December 31 2021, the group’s chairman, Rungano Mbire described the development as exciting. "The Microfinance Bank was granted an Authorised Dealership Licence and can […]

Pressure on equities defies earning season, index slumps by 0.69 per cent

Pressure on equities defies earning season, index slumps by 0.69 per cent

[FILES] Nigerian Stock Exchange (NSE). PHOTO: BLOOMBERG Despite improved numbers in 2020 full year result churned out by quoted companies, sentiments remained weak in the equities market, as losses recorded in the shares of most highly capitalised stocks, especially Dangote cement, BUA cement and MTN Nigeria pulled the All Share lndex (ASI) by 0.69 per […]

Profit taking depresses ASI further by 0.76% ahead of Easter holiday

Profit taking depresses ASI further by 0.76% ahead of Easter holiday

Nigerian Stock Exchange Analysts optimistic of market rebound on improved earnings Contrary to the significant buying activities witnessed in the previous weeks, the local market was largely dominated by the bears during the week, occasion by profit taking action in major highly capitalised stocks ahead of the Easter holiday. The market opened for four trading […]

Nigerian stock market advances further by 0.53%

Nigerian stock market advances further by 0.53%

Nigerian stock market trading floor brandspur Consequently, the month-to-date and year-to-date losses moderated to 1.3 per cent and 2.4 per cent, respectively. Stock market gain was driven by price appreciation in large and medium capitalised stocks. The include Stanbic IBTC Holdings, MTN Nigeria Communications (MTNN), GlaxoSmithKline Consumer Nigeria, UPDC Real Estate Investment Trust and Lafarge […]

N2.1b ‘debt’: Court blocks five customers’ funds in 24 banks

Our Reporter A Federal High Court in Lagos has restrained Triton Aqua Africa Limited, Bharat Ventures Limited, Globus Resources Limited, Seafood Products Limited and Mr. Ashvin Samtani from accessing their N2,193,610,859.47 billion in 24 banks. Justice Oluremi Oguntoyinbo, who gave the order yesterday, ruled that the interim order subsists pending the hearing and determination of […]