By Charles Abuede Naira gains N3 at start of Christmas week T-bills close negative, FGN bonds positive The Nigerian equities market continued its positive run with an advance of 174 basis points as the week opened Monday on the back of a similar positive close last week. It represented 1.74 percent growth as the index […]
Tag: XNSA_GUARANTY
Border reopening: NSE market capitalisation hits N19trn
Nigerian Stock Exchange The Nigerian Stock Exchange (NSE) market capitalisation on Friday rallied by N296 billion to cross N19 trillion mark, amid gains by some blue chips. Specifically, the market capitalisation which opened at N18.940 trillion rose by N296 billion or 1.56 per cent to close at N19.236 trillion. Also, the NSE All-Share Index inched […]
Nestle, Zenith, GTB, market bellwethers, buoy Nigerian bourse to close green
By Charles Abuede Market capitalisation increased by N140 billion to N18.6 trillion Read Also: With the equities market continuing to show a bullish trend so far this week, investors believe the current development might lead up to a consolidation phase in subsequent trading days, which could then lead to a temporal reversal at the end […]
All-Share Index Year-to-date Growth Hits 32.2%
The year-to-date (YTD) growth of the Nigerian Stock Exchange (NSE) All-Share Index (ASI) hit 32.2 per cent yesterday on the back of the continued bull run. The market has recorded positive performance in the past three days with the NSE ASI gaining 0.76 per cent to close at 35,493.15. The sustained gains have boosted the […]
NSE market capitalisation inches higher by N199bn
Market breadth was positive with 29 stocks gainers in contrast with 14 losers [Reuters/Akintunde Akinleye] The Nigerian equities on Tuesday, extended its positive momentum with the market capitalisation increasing further by N199 billion, as investors stepped -up bargain-hunting ahead of 2021. Specifically, the market capitalisation rose by N199 billion or 1.09 per cent to close […]
Nigeria: All-Share Index Year-to-Date Growth Hits 32,2%
The year-to-date (YTD) growth of the Nigerian Stock Exchange (NSE) All-Share Index (ASI) hit 32.2 per cent yesterday on the back of the continued bull run. The market has recorded positive performance in the past three days with the NSE ASI gaining 0.76 per cent to close at 35,493.15. The sustained gains have boosted the […]
Moody’s Takes Ratings Actions on 32 Banks in Africa Following Update to Country Ceilings Methodology
Monday, December 14, 2020 /12:17 PM /by Moody’s Investors Service / Header Image Credit: Tire Business Proshare Nigeria Pvt. Ltd. Moody’s Investors Service ("Moody’s") has taken various ratings actions on some ratings of 32 banks across 10 African countries: Angola, Democratic Republic of Congo, Egypt, Ghana, Kenya, Morocco, Nigeria, Tanzania, Tunisia and Uganda. The rating […]
Banking Institute Secures Partnerships to Ensure International Standards
Bankers Institute of Liberia participants, managers and LBDI President, John B. S. Davies In an effort to institutionalize banking education in Liberia and enhance networking and collaboration internationally, the Banking Institute of Liberia (BIL) has formed a partnership with the Chartered Institute of Bankers Nigeria (CIBN) and the Alliance of African Institutes of Bankers in […]
3rd Quarter Results
UNAUDITED Q3 GROUP RESULTS FOR THE PERIOD ENDED SEPEMBER 30, 2020: DECLARES A PBT OF N167.4BILLION Lagos Nigeria – November 19, 2020 – Guaranty Trust Bank Plc ("GTBank"), (Bloomberg: GUARANTY:NL/Reuters: GUARANT.LG), provider of diversified financial services, announces its unaudited Financial Results for the period ended 30 September 2020 and declares a PBT of N167.4bn. Commenting […]
Renaissance Capital Highlights Value in Stripe, Paystack Deal
Analysts at Renaissance Capital (RenCap) have estimated the perceived value realised by Nigeria’s start-up, Paystack in the recent announcement of its acquisition by Stripe, an American financial services and software company. The deal was put at over $200 million. RenCap estimated in a report on the transaction obtained yesterday that the deal valued Paystack at […]