A person holds cash in different currencies. <i>Customers will not be able to spend above $20 or $50 a month on their naira cards.</sub> More Nigerian banks have reduced their monthly international spending limit on naira cards. The banks informed their customers they were reducing the limit from $100 to either $20 or $50 a […]
Category: Nigeria Business
Gains in 30 stocks lift capitalisation further by N69 billion
Transactions on the Nigerian Exchange Limited (NGX) continued in an upbeat mood yesterday, as gains in 30 stocks lifted market capitalisation further by N69 billion. Specifically, market capitalisation of listed equities increased by 0.27 per cent to N25.480 trillion from N25.411 trillion reported on Wednesday. Also, the NSE All Share Index, which measures the performance […]
GTCO to pay shareholders N88 billion total dividend
Guaranty Trust Bank (GTB) Guaranty Trust Holding Company PLC will pay shareholders a total dividend of N88.293 billion, translating to N3.0 for every share. of 50kobo, the firm said in a document published on the Nigerian Exchange Limited website and seen by PREMIUM TIMES on Friday. GTCO paid 30 kobo interim dividend for the first […]
Top performing stockbroking firms on NGX in February 2022
EFG Hermes Nigeria, Cordros Securities, and Rencap Securities led the list of top-performing stockbroking firms in February 2022, jointly trading in stocks worth N45.6 billion in the month under review. This is contained in the broker performance report released by the Nigerian Exchange Group (NGX) for the month of February 2022. According to the report, […]
Five Top Nigerian Banks with Largest Customers Deposit As GTCO, UBA Record Outstanding 2021
The year 2021 was an outstanding one for Nigerian banks despite the economic challenges in the country The banks were not only able to post outstanding profits they recorded an increase in customers deposit Customer deposits remain one of the most competitive items in the banking sector since it is from this medium that loans […]
Nigeria: Trading in Fixed Income, Currency Markets Slumps to N14trn
Trading in the fixed income and currency (FIC) market has slumped back to declining trend after the December 2021 uptick. The January 2022 report just released by the FMDQ Exchange, Nigeria’s financial markets trading platform, has put transaction volume at N14.13 trillion, 31.21 percent down from N20.54 trillion recorded in December, 2021. This is even […]
Nigerian stocks rally on renewed interest in consumer goods shares
Nigerian Stock Exchange (NGX) Nigerian stocks rebounded on Wednesday as the benchmark index climbed by 0.28 per cent, its first time since 28th February, supported by investors’ interest in consumer goods equities and a few bank shares. FBN Holdings led the march, supported by Nestle, Nigerian Breweries, United Capital and Presco. Of the five sector […]
Mixed sentiment trails equities market
As investors react to GDP, earnings results STOCK market investors have continued repositioning their portfolios following the release of a positive Gross Domestic Product, GDP, last Thursday showing fourth quarter 2021 economic growth at 4.0 percent and full year at 3.4 per cent, the highest since 2014. Consequently, the Nigerian Exchange Limited, NGX, All Share […]
Stock Market Close Lower on Profit-taking in Seplat, 17 Others
Kayode Tokede The stock market of the Nigerian Exchange Limited (NGX) yesterday closed transactions on a negative note, as investors’ sell-off in Seplat Petroleum Plc, 17 other stocks down the market by 0.01 per cent. Specifically, the NGX All-Share Index declined by six basis points or 0.01 per cent to close at 47,262.61 basis points […]
Hike in PMS Prices, Others Jerk Up Petroleum Marketing Companies Revenue by 47%
Kayode Tokede On the heels of increasing prices of Premium Motor Spirit (PMS) and other related products, a total of four listed Petroleum marketing companies on the Nigerian Exchange Limited (NGX) generated an increase of 47 per cent in revenue in 2021. These four companies, according to THISDAY investigations are Conoil Plc, Eterna Plc, Juli […]