Against the backdrop of pressures on the Federal Government’s finances and 2020 budget revenue estimates, an indication has emerged that the government may have already recorded a shortfall of 17.3 per cent in the Company Income Tax, CIT, as at third quarter of 2020, Q3’20. Also economy analysts say the sustained macroeconomic headwinds would likely […]
Rwanda offers a fertile hunting ground for Kenyan banks seeking to maximise their earnings in the East African region. Central Bank of Kenya (CBK) data shows the Rwandan banking market offers the highest earnings capacity for Kenyan lenders despite having fewer regional banking subsidiaries compared with Uganda and Tanzania. The bank’s Supervision Annual Report (2019) […]
Taofik Salako, Deputy Group Business Editor NIGERIAN equities continued on the upswing yesterday as considerable demand for major cement and oil and gas companies roused the market to net capital gain of N334 billion. Benchmark indices at the Nigerian Stock Exchange (NSE) indicated average return of 1.7 per cent yesterday, representing net capital gain of […]
The Nigerian Equities market sustains its bullish sentiments into the new week, the All-Share Index (ASI) rose by 1.74 per cent to 37,443.40 points on Monday. Coñsequently, the market capitalisation closed at N 1 trillion as investors gain N343.6 billion. With the impressive trading session, the year-to-date gain of the NSE ASI climbed to 39.49 […]
Market sentiment breadth closed at par with 23 gainers and losers [Reuters/Akintunde Akinleye] The Nigerian Stock Exchange (NSE) gained N334 billion on Monday due to buying interest in Dangote Cement and 22 other stocks. Specifically, the market capitalisation rose by N334 billion or 1.74 per cent to close at N19.570 trillion compared with N19.236 trillion […]
The domestic equities market opened for the week on Monday on a positive note with the All-Share Index appreciating by 1.73 per cent, amid buying interest in Dangote Cement and 25 other stocks. Specifically, the index which opened at 34,250.74 rose by 592.70 points or 1.73 per cent to close at 34,843.44. Accordingly, month-to-date loss […]
Goddy Egene The bulls came back strong yesterday to open the stock market on a positive note after depreciating last week. Last week, the bull run was halted following sustained profit taking. However, yesterday, the market appreciated lifting the Nigerian Stock Exchange (NSE) All-Share Index (ASI) by 1.73 per cent to close at 34,843.44. In […]
STOCK The nation’s bourse closed for the last trading day in November with a growth of 0.45 per cent following price appreciation posted by Airtel Africa and 16 other stocks. Specifically, the All-Share Index on Monday rose by 156.63 points or 0.45 per cent to close at 35,042.14 compared with 34,885.51 achieved on Friday. Also, […]
The change of name of Japaul Oil & Maritime Services Plc (the Company) to Japaul Gold & Ventures Plc has been implemented by The Nigerian Stock Exchange. This is in line with the approval of the shareholders of the Company at its Annual General Meeting held on 29 July 2020 and the receipt by the […]
Nigerian Stock Exchange (NSE) The market capitalisation of the Nigerian Stock Exchange (NSE) hit N20 trillion at the end of transactions yesterday, as sentiments remained upbeat for the eight successive sessions. At the close of trading, the overall market capitalisation appreciated by N476 billion to close at N20.281 trillion. Similarly, the All-Share Index (ASI) gained […]
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