The International Monetary Fund, IMF, yesterday, said that Nigerian banks closed 234 branches and 649 Automated Teller Machines, ATMs, in 2020 leading to a decline in the country’s Financial Access Score (FAS) to 4.44 in the year against 4.78 in 2019. The IMF disclosed this in its Financial Access Survey 2021 Trends and Developments released […]
Unity Bank Plc has declared gross earnings of N36.18 billion for the nine-month period ended September 30, 2021, and a 23 per cent growth in profit after tax to N1.94 billion for the same period. A review of the unaudited results for the 3rd Quarter of 2021 released to the Nigerian Exchange Group (NGX) Limited […]
The management of Transnational Corporation of Nigeria (Transcorp) Plc has assured that it would sustain its improved performance outlook for the conglomerate in the remaining quarters of the year 2021. The conglomerate made this known at its half year virtual analyst parley. In H2, 2021, the Group targets to generate 641 average capacity and 537 […]
The Nigerian stock market ended the week on a bearish note as the All-Share Index, which is the benchmark in measuring the market’s performance dipped by 0.57% and investors lost about N117 billion during the week. This is contained in the weekly market report, for the week ended 3rd September 2021 as released by the […]
By Adedapo Adesanya The Naira finished the week stronger against the US Dollar at the Investors and Exporters (I&E) segment of the foreign exchange (forex) market on Friday. At the trading session, the domestic currency appreciated by 17 kobo or 0.04 per cent to sell at N411.5/$1 compared to N411.67/$1 it was transacted on Thursday. […]
Nigerian Exchange Group (NGX) Heavy transactions in the shares of Transnational Corporation of Nigeria (Transcorp) Plc, Honeywell Flour Mill Plc and Access Bank Plc last week, lifted the volume of shares traded, as a turnover of 1.3 billion shares worth N8.7 billion was recorded in 19,830 deals by investors on the floor of the exchange. […]
The equities market of the Nigerian Exchange Limited sustained its decline for the third straight day as investors lost N24.37bn at the end of trading on Wednesday. The NGX All-Share Index declined by 0.12 per cent, closing at 39204.52 basis points from 39,251.29bps the previous day, while the market capitalisation dropped from N20.45tn to N20.43tn. […]
NSE. Photo: AFRICANBUSINESSCENTRAL Sell-offs in many blue-chip stocks, especially, AXA Mansard and Chams, halted the two trading sessions of upbeat on the Nigerian Exchange Limited (NGX) to reopen on a downward note yesterday, as market capitalisation depreciated by N51 billion. In summary, the All-Share Index (ASI), which measures the performance of quoted companies dipped by […]
By Adedapo Adesanya The Central Bank of Nigeria (CBN) has denied the allegation put to it by the Senate that it failed to remit 80 per cent of its operational surpluses into the Consolidated Revenue Fund (CRF) in the last five years. This came from Mr Kingsley Obiora, CBN Deputy Governor in charge of Economic […]
By Dipo Olowookere The Nigerian Exchange (NGX) Limited rebounded on Thursday by 0.17 per cent following the rush for Access Bank Plc stocks by investors, especially the dividend hunters. After the close of trading activities on Wednesday, the lender released its much-anticipated earnings for the period ended June 2021 and it proposed the payment of […]
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