Stanbic Bank still controlled the market share of the Ghana Fixed Income Market in the first quarter of this year. However, its control of the total value of government bonds and treasury notes went down significantly to 14.23%, from 25.21% recorded in 2021. Perhaps, Stanbic Bank decided to reduce its exposure to government securities because […]
Working in the banking industry is a dream for many Nigerian graduates because they believe there is a lot of money to be made And indeed there is, as 10 commercial banks paid workers salaries and wages of over N400 billion in 2021 The amount captured in this report only covers salaries and wages and […]
Central Bank of Nigeria (CBN) The Central Bank of Nigeria (CBN) has imposed monetary sanctions of N814.3 million (nearly $2 million) on four commercial banks in the country for permitting cryptocurrency transactions, Bloomberg reports. The sanctions come over a year after the apex monetary authority placed an implicit ban on cryptocurrencies in Africa’s largest democracy […]
By Dipo Olowookere Last week, investors transacted 457.0 million shares of Fidelity Bank, UBA and GTCO worth N4.5 billion in 4,982 deals, contributing 38.85 per cent and 26.92 per cent to the total weekly trading volume and value respectively. According to data from the Nigerian Exchange (NGX) Limited, a total of 1.2 billion shares worth […]
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 […]
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 […]
The Minister of Trade and Industry, John Alan KwadwoKyerematen, has disclosed that government, since the implementation of its flagship programme, One District, One Factory, has released GH¢273,055,513 to 15 Participating Financial Institutions (PFIs) between 2017 and 2021. The amount is for the payment of interest subsidies to de-risk loans granted to beneficiary companies by the […]
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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