The stock market opened the week on positive note yesterday, raising hopes of recovery after two weeks of decline. The market had depreciated last week by 3.04 per cent following profit-taking and return of investors to fixed income market. However, the Nigerian Stock Exchange (NSE) All-Share Index (ASI) appreciated by 0.33 per cent to close […]
Justice Nicholas Oweibo of the Federal High Court, Lagos, has ordered the interim attachment of all monies belonging to Forte Oil Plc and Veritas Registrars Limited in 21 banks in Nigeria over alleged N464 million debt. The court also ordered the banks to jointly or severally appear before it to show cause why they shall […]
Company Logo Shares of Exxon Mobil Corp. XOM, +0.67% inched 0.67% higher to $52.37 Friday, on what proved to be an all-around mixed trading session for the stock market, with the Dow Jones Industrial Average DJIA, +0.00% rising 0.00% to 31,494.32 and the S&P 500 Index SPX, -0.19% falling 0.19% to 3,906.71. Exxon Mobil Corp. […]
Company Logo Shares of Exxon Mobil Corp. XOM, -1.57% slid 1.57% to $52.02 Thursday, on what proved to be an all-around rough trading session for the stock market, with the S&P 500 Index SPX, -0.44% falling 0.44% to 3,913.97 and Dow Jones Industrial Average DJIA, -0.38% falling 0.38% to 31,493.34. The stock’s fall snapped a […]
For representational purposes (File | Reuters) JOHANNESBURG: ArcelorMittal South Africa, a subsidiary of Lakshmi Mittal’s global steel empire, has bounced back from the 632-million rand losses recorded in 2019, to post profit of 37 million rand for the year 2020, despite the coronavirus outbreak. "Despite a difficult year in which businesses had to adjust to […]
Niger Insurance Plc said it paid N1.7 billion as claims in 2019. Chairman of the company, Dr Stephene Dike disclosed this at the 50th Annual General Meeting of the company in Lagos, stressing that the company’s financial performance was however affected by the harsh operating environment. Dike said: "Acknowledging the dense competitive environment we operate […]
Tunis/Tunisia — The Executive Board of the Central Bank of Tunisia (BCT), on Wednesday, decided to keep the key interest rate unchanged at 6.25%. At a periodic meeting held remotely, the BCT board stressed the need to achieve political stability and rapidly contain the pandemic and its economic and social repercussions. In this connection, the […]
Stanbic IBTC Asset Management has been assigned an AA(IM) investment manager rating with a Stable Outlook by Agusto & Co. Agusto and Co, a Pan-African rating agency, stated that the rating was a reflection of the financial institution’s pedigree and provision of exceptional services to its customers. The criteria for awarding the financial institution the […]
Market sentiment was positive with 28 gainers in contrast with 24 losers [Reuters/Akintunde Akinleye] Reuters Trading on the nation’s bourse resumed on Monday on a positive note, following investors’ interest in shares of Zenith Bank, International Breweries (IB) and Flourmill. Specifically, the All-Share Index rose by 30.56 points or 0.08 per cent to close at […]
Johnson Okafor The equity market, on Monday, returned to positive territory as the Nigerian Stock Exchange All-Share Index and market capitalisation rose by 0.08 per cent. The market breadth closed on a positive note with 28 gainers against 24 decliners. The ASI grew by 30.56 basis points or 0.08 per cent from 40,120.22bps last Friday […]
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