With the growing lending to private and individual customers, a total of 13 banks have generated N5.96trillion interest income from loans to customers between 2020 and 2018. This has demonstrated banks’ drive to support the Central Bank of Nigeria (CBN) aggressively lending to support the real sector and boosting banks’ earnings. Nigerian Banks with branches […]
The nation’s equity market yesterday closed on positive note, appreciating by N318 billion or 1.28 per cent to N25.073 trillion from N24.755 trillion reported the previous day. The NGX All Share Index (ASI) also appreciated by 590.48 basis points to 46529.99 points from 45939.51 points traded the previous day. Investors during the day traded 328.997 […]
Dangote cement Transactions on the Nigerian Exchange Limited (NGX) closed on a downward note yesterday, occasioned by losses in shares of Dangote cement and 17 companies, causing market capitalisation to decline by N280 billion. At the close of trading yesterday, the All-Share Index declined by 520.76 per cent, representing a decrease of 1.12 per cent, […]
NCR NIGERIA is also on the list. Shares are seeing an increasingly optimistic start to the year, leaning on the buoyancy around broadly impressive corporate results, to drive gains. The Nigerian stock market added 2.33 per cent in the just concluded week, with the NGX 30 Index, which tracks the top 30 stocks in terms […]
Kayode Tokede The stock market of the Nigerian Exchange Limited (NGX) yesterday dropped by N280billion on investors’ profit taking in Dangote Cement and 17 others. The NGX All-Share Index declined by 520.76 basis points or 1.12 per cent, to close at 46,009.23 points. Similarly, the overall market capitalisation value lost N280 billion to close at […]
Fitch Sees Improvement in Ecobank Nigeria’s Profitability By Dipo Olowookere Ecobank Nigeria is expected to record a moderate improvement in profitability, a notable rating agency, Fitch Ratings, has submitted. The rating firm made this submission based on the receding asset-quality pressures and lower loan impairment charges (LICs) of the financial institution. In a statement to […]
Kayode Tokede The stock market of the Nigerian Exchange Limited (NGX) gained N6 billion, even as Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) maintained status quo on its rates. Members of the MPC voted unanimously to maintain the Monetary Policy Rate (MPR) at 11.5 per cent at its concluded meeting. Similarly, […]
Gains recorded by many blue chip stocks lifted the Nigerian equities market yesterday, as market capitalisation appreciated by N6 billion. Yesterday, market capitalisation of listed equities increased by N6 billion to N24.755 trillion from N24.749 trillion reported on Monday. Also, the All-Share Index (ASI) appreciated by 11.24 basis points from 45928.27 points traded on Monday […]
The Nigerian stock market gained N6 billion, even as Monetary Policy Committee (MPC) maintained status quo. The MPC voted unanimously to maintain the Monetary Policy Rate (MPR) at 11.5 per cent at its concluded meeting. Similarly, the Committee also voted to retain the Cash Reserve Requirement (CRR) at 27.5 per cent, liquidity ratio at 30.0 […]
Floor of the Nigerian Stock Exchange Market Nigerian stocks scaled up by 1.29 per cent (or N324 billion) on Wednesday, on track for another week of positive yield as telecom powerhouse Airtel and Ecobank Transnational Incorporated (ETI) led the advance. Airtel continued to draw interest from investors, garnering 10 per cent gain, the maximum daily […]
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