Stock market investors’ lose N220b ahead of Eid-El-Kabir celebration

Stock market investors’ lose N220b ahead of Eid-El-Kabir celebration

Nigerian Stock Exchange Ahead of the Eid-El-Kabir celebration, transactions on the equity sector of the Nigerian Stock Exchange (NSE), closed on a downward note yesterday, following price losses suffered by virtually all the blue-chip stocks, as market capitalisation dipped by N220billion. In line with the Federal Government’s declaration of a two-day public holiday to mark […]

Nigeria: Skye Bank’s acquisition of Mainstreet Bank successful with profits rising to $30m over 3 months

Skye Bank’s acquisition of Mainstreet Bank is beginning to yield appreciable results as the consolidated result for the first quarter ending March 31, 2015 submitted to the Nigerian Stock Exchange (NSE) shows a significant rise in earnings and profits, thus justifying management’s strategic decision of an acquisition that had led to a bigger bank. The […]