*Political risk, rising interest responsible – Experts By Nkiruka Nnorom Pension Funds investment in domestic equities fell to N873.49 billion in the nine months ended September 30, 2021 on the back of rising interest rate in the fixed income market and uncertainty over the upcoming general election. This represents 5.04 percent Year-to-Date (Y-t-D) decline compared […]
In October, The Central Bank of Nigeria (CBN) unveiled the very first Central Bank Digital Currency (CBDC) in Africa with a lot of national and international interest on how well the electronic currency will perform and what problems it would solve in the banking and finance space on the continent. TheCable brings you some quick […]
Sonali Paper and Board Mills is witnessing an inexplicable rise in its share value and as a result, the company’s stocks are trading at an abnormal level, according to analysts. Sonali Paper’s trade volume at the Dhaka Stock Exchange (DSE) was worth about Tk 153 crore yesterday while the company’s total paid-up capital was Tk […]
Nigerian stock market trading floor The Nigerian stock market extended bearish mood on Thursday on the back of sell pressure on Seplat Energy and 33 others. Specifically, the market capitalisation dropped further by N113 billion or 0.51 per cent to close at N22.044 trillion from N22.157 trillion on Wednesday. Similarly, the All-Share Index which opened […]
Nigeria’s macroeconomic performance recorded modest improvement in 2021 with gradual rebound in economic growth, declining inflation, steady corporate earnings and improved returns in the financial markets masking a turbulent currency management, persisting sense of insecurity, emergent COVID-19 threat and rising political risks. Deputy Group Business Editor, Taofik Salako reports. The Nigerian stock market is set […]
Investors appeared to be taking major positions in the oil and gas and banking sectors as companies round off the 2021 financial year. Transactions on the shares of three major oil and gas and banking stocks accounted for two-thirds of total turnover at the Nigerian stock market at the weekend. Trading report for the week […]
Investment company Pioneer VCT Equity Income Fund ( Current Portfolio ) buys JPMorgan Chase, Exxon Mobil Corp, Schlumberger, Medtronic PLC, Charles Schwab Corp, sells KLA Corp, Smith & Nephew PLC, Clorox Co, Truist Financial Corp, Canadian Imperial Bank of Commerce during the 3-months ended 2021Q3, according to the most recent filings of the investment company, […]
NGX Group Kayode Tokede The stock market of the Nigerian Exchange Limited (NGX) last week closed in negative territory ahead of Christmas and New year celebrations. The bears dictated proceedings in the stock market, as profit-taking activities dominated performance, with the benchmark index recording declines on three of the five trading sessions of the week. […]
By Dipo Olowookere The Chairman of FBN Holdings Plc, Mr Remi Babalola, has exited his position barely nine months after he was appointed to occupy the seat. The former Minister of State for Finance was appointed by the Central Bank of Nigeria (CBN) on April 29, 2021 , to head the board of directors of […]
The aerial view of Lagos Island Business District PHOTO: FEMI ADEBESIN-KUTI Secretary to the Government of the Federation, Boss Mustapha, has stated that the creation of NG Clearing Limited, the first Central Counterparty (CCP) in West Africa, will complement the Federal Government’s efforts in expanding the economy and improving capital inflow. A CCO is an […]
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