Nova Merchant Bank Limited has announced the appointment of Mr. Anya Duroha as the acting Managing Director / Chief Executive Officer of the bank. The appointment followed the exit of the erstwhile chief executive, Mr. Chinedu Ikwudinma, who decided to pursue another endeavour. While the bank in a statement, wished Ikwudinma success in his new […]
Nigerian Stock Exchange Following renewed bargain hunting embarked upon by stock market investors, transactions on the equity sector of the Nigerian Stock Exchange (NSE), closed upbeat yesterday, as the All-share index rose marginally by 0.3 per cent. Specifically, at the close of transactions yesterday, the All Share Index (ASI) gained 96.18 absolute points, representing a […]
Goddy Egene The stock market rebounded yesterday following bargaining hunting in banking and consumer goods counters. The market had opened for the week on Monday with a decline of 0.32 per cent. However, the losses were pared yesterday, leading to a growth of 0.53 per cent in the Nigerian Stock Exchange All-Share Index (NSE ASI) […]
stock market Stock Market Declines 5.9% In August The Nigerian equities market recorded a decline of 5.86 per cent in the month of August reflecting prevailing negative investors’ sentiments. About 1.63 per cent of the decline was recorded last week as the Nigerian Stock Exchange All-Share Index (NSE ASI) closed lower at 34,848.45. Although trading […]
On Wednesday, the Nigerian office of African Telecommunications giant MTN was slammed with a huge fine by Nigeria’s apex bank and financial regulator, the Central bank of Nigeria (CBN) for violating extant laws and regulations on foreign exchange in the country. This comes after the CBN ordered an investigation to unearth the inconspicuous aspects of […]
Traders on the Nigerian Stock Exchange, Lagos Equity transactions on the Nigerian Stock Exchange (NSE) ended on a negative note on Friday with the market indices dropping further by 0.68 per cent. The News Agency of Nigeria (NAN) reports that the market capitalisation shed N87 billion or 0.68 per cent to close at N12.722 trillion […]
Nigerian Stock Exchange Central Bank of Nigeria (CBN) huge fines on four deposit money banks over alleged illegal fund repatriation on behalf of MTN Nigeria weighed heavily on the local bourse yesterday, causing the All-share index to slide by 0.77 per cent. The Nigerian Stock Exchange-All Share Index (NSE-ASI) decreased by 272.27 absolute points, representing […]
MTN stand at TechFest 2018 As the conversation continues about the CBN order requiring MTN to repatriate $8.1 billion to Nigeria as well as the sanctions imposed on 4 banks, CSL Stockbrokers has shared an opinion- describing the development as yet another regulatory quagmire. The stockbroking firm made this known in a series of tweets […]
Following Nigeria’s Central Bank (CBN) sanctions on top major banks involved in the illegal repatriation of MTN’s $8 billion dividends to South Africa. The Share prices of Diamond and Stanbic IBTC, the two listed banks fined by the Central bank of Nigeria (CBN) for aiding and abetting the illegal repatriation of funds associated with African […]
Top Gainers The Nigerian Stock Exchange (NSE) ended the last trading week, and indeed the month of August, on a negative note. The All Share index fell by 1.63% during the week to close at 34,848.45 basis points. The index depreciated by 5.86% in August, and is down 8.88%, year to date. 37 equities appreciated […]
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