Abuja — Shareholders of Jaiz Bank Plc have approved a total dividend of N883.9 million, representing three kobo per share for the 2020 financial year. Speaking at the bank’s ninth Annual General Meeting (AGM) in Abuja, its Chairman, Alhaji Umaru Abdul Mutallab, said the Islamic financial institution worked assiduously towards ensuring that the dividend payment […]
Our Reporter A Federal High Court in Lagos has restrained Triton Aqua Africa Limited, Bharat Ventures Limited, Globus Resources Limited, Seafood Products Limited and Mr. Ashvin Samtani from accessing their N2,193,610,859.47 billion in 24 banks. Justice Oluremi Oguntoyinbo, who gave the order yesterday, ruled that the interim order subsists pending the hearing and determination of […]
Nigerian stocks rebounded on Monday with a 0.89 per cent after a largely bearish week as investors adopted a risk-on approach despite the possibility that the central bank’s monetary policy committee meeting, which will be completed Tuesday, will raise the benchmark interest in a bid to arrest Nigeria’s runaway inflation which touched 17.33 per cent […]
Nigerian stocks were up by 0.07 per cent on Thursday, extending gains reported at the previous trading session in an advance led by Zenith, GTB and Access Bank , three of Nigeria’s five biggest banks by asset commonly known by the acronym, FUGAZ. That easily pushed the banking index to the forefront of performance of […]
Charles Abuede The domestic stock market extended the bullish sentiment on Thursday as the All-Share Index rose 0.07 per cent to settle at 38,799.83 points due to buying interest in Zenith Bank (+3.8%), GTBank (+2.7%) and Access Bank (+1.9%). Consequently, market year to date loss at -3.7 per cent was sustained and market capitalisation appreciated […]
Nigerian stocks saw a comeback from a four-day bear run on Wednesday after a spike of interest in the telco, MTN, and food companies, Nestle and Flour Mills, lifted the benchmark index by 0.02 per cent. But there are concerns as to how far the feeble growth could carry a market that has shed N769.976 […]
Overall sentiment on African equity markets was bullish with most markets advancing this week. Once again, Zimbabwe led the pack. Its benchmark index jumped another 11.43%, while, conversely, Nigeria’s declined 1.66% over the week. West Africa BRVM – The Western Africa regional exchange confirmed its positive momentum. The Composite Index gained 1.74% in a week […]
Overall sentiment on African equity markets was bullish with most markets advancing this week. Once again, Zimbabwe led the pack. Its benchmark index jumped another 11.43%, while, conversely, Nigeria’s declined 1.66% over the week. West Africa BRVM – The Western Africa regional exchange confirmed its positive momentum. The Composite Index gained 1.74% in a week […]
Goddy Egene The bulls consolidated their hold on the market yesterday as buying interests in Dangote Cement Plc, MTN Nigeria Plc and Seplat Petroleum Development Company Plc lifted the benchmark index further. The Nigerian Stock Exchange (NSE) All-Share Index (ASI) rose by 1.54 per cent to close at 40,963.14, while market capitalisation rose by N325.3 […]
WorldStage Newsonline– Trading on Nigerian Stock Exchange maintained a downward trend for the fifth consecutive trading days with the All-Share Index declining by 0.89 per cent. The index lost 306.52 points or 0.89 per cent to close at 34,250.74 from 34,557.26 posted on Thursday. Similarly, the market capitalisation of listed equities dipped N171 billion to […]
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