Naira to dollar exchange Nigeria’s exchange rate risks surpassing N600/$1 at the unofficial FX market as foreign investors who were paid dividends for the 2021 financial year seek to repatriate their earnings. Naira currently trades at a record high of N588/$1 at the black market, as demand pressure continues to drive the rate higher. Similarly, […]
By Adedapo Adesanya Access Bank Plc has become the latest company to sell its securities on the NASD Over-the-Counter (OTC) Securities Exchange. This happened after it completed its transition into a holding company and delisted its entire shares from the daily official list of the Nigerian Exchange (NGX) Limited, relisting under a new parent company […]
The Nigerian equity market was down by 0.33 per cent last week as traders’ hunt for yield depressed the main stock index even though there was a couple of strong corporate results that could have put stocks in further advance. This week, promising earnings scorecards are expected from companies like Fidelity Bank, Transcorp and NPF […]
Conoil, Sterling Bank among top gainers as Nigeria’s stock market rebounds from bearish run | The Paradise News Investors at the Nigerian stock market went home with a mere N3.97 billion following the rise in equity capitalisation to N25.418 trillion on Wednesday. The figure was N3.97 billion higher than the N25.414 trillion posted by the […]
Nigerian stocks fell for the second day on Tuesday, with the main equity index contracting by 0.11 per cent and sell-off of some big bank stocks leading the market deeper into the negative territory. Access Holdings, which completed a changeover to a holding company on Monday, Zenith Bank and International Breweries led the pullback, which […]
A worker walks past an outlet of South Africa’s MTN Group in Johannesburg, South Africa, February 23, 2016. REUTERS/Siphiwe Sibeko/File Photo The market cap of the Top 30 companies for January 2022 was US$116bn, up 4.7% in December. BUA Foods (Nigeria) and Access Bank (Nigeria) are new entrants in the Top 30, replacing Jumia Technologies […]
OLYMPIA CAPITAL CORPORATION LIMITED (Registration number BW00002007272) CONSOLIDATED AND SEPARATE ANNUAL FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021 OLYMPIA CAPITAL CORPORATION LIMITED (Registration number BW00002007272) Consolidated And Separate Annual Financial Statements for the year ended 31 December 2021 General Information Country of incorporation and domicile Nature of business and principal activitiesDirectorsRegistered officeBusiness addressPostal […]
Pearl Nkrumah — Executive Director, Access Bank Access Bank Ghana Plc. has appointed Pearl Nkrumah as its Executive Director in charge of the bank’s retail and digital operations. By her appointment, Ms Nkrumah becomes the first female Executive Director of the bank. Ms Nkrumah, whose appointment took effect from February 2022, will also join the […]
Tijani Babatunde Folawiyo Akin Kuponiyi A Federal high court sitting in Lagos on Thursday granted an order for AMCON to take over the assets of a Lagos businessman Tijani Babatunde Folawiyo. The asset seizure was ordered based on Falawiyo’s unpaid debt of N727.9 million. The order of the court was sequel to an application filed […]
Nigerian Exchange [Photo Creadit: Business Live Nigeria] Gains recorded by some large and medium capitalised stocks on Thursday lifted market capitalisation by N42 billion. The stocks include Oando, UACN, Jaiz Bank and R.T Briscoe. Specifically, the market capitalisation rose to N25.527 trillion, representing an increase of 0.16 per cent from the N25.485 trillion on Wednesday. […]
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