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 […]
[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 […]
Goddy Egene The stock market rebounded last week after seven consecutive weeks of depreciation as investors responded positively to the dividends declared by Dangote Cement Plc and Stanbic IBTC Holdings Plc. The market had depreciated for six weeks due to weak investors’ sentiments. However, respite came last week as the Nigerian Stock Exchange (NSE) All-Share […]
Pulse Nigeria Specifically, the All-Share Index declined by 221.98 points or 0.57 per cent to close at 39,045.13, compared with 39,267.11 posted on Tuesday. Also, the market capitalisation dropped by N116 billion, closing at N20.428 trillion, from N20.544 trillion. The market loss was driven by price depreciation in large and medium capitalised stocks, amongst which […]
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 stocks jump 0.53 per cent further Thursday as investors’ exuberance for and buy pressure on Stanbic IBTC Holdings shares drove trade, a day after the financial services group announced twin compensations for shareholders. The group on Wednesday announced N3.60 per share final dividend and a bonus issue of one new share for every six […]
Equity market yesterday continued its upward movement, closing higher as the composite All Share Index increased by 207.36 basis points. The NSE All Share Index also appreciated by 0.53 per cent to 39293.14 points from 39085.78 points reported on Wednesday. Also, Market Capitalisation of listed equities appreciated by N109 billion to N20.558 trillion from N20.449 […]
Equities market maintains previous day sentiments as the Nigerian Stock Exchange All Share Index was up 0.53 per cent to close at 39,293.14 basis points on Thursday. This bullish moderated the ASI’s Year-to-Date (YtD) return to -2.43 per cent. This outing pegged the market capitalization at N20.558 trillion as investors earned N108 billion on Thursday. […]
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 […]
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 […]
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