The Nigerian stock market opened for four trading days this week as the Federal Government of Nigeria declared Thursday 1st October 2020 a Public Holiday. The All-Share Index appreciated by 2.53% while Market Capitalization appreciated by 2.55% to close the week at 26,985.77 and N14.105 trillion respectively. Investors gained a whopping N350.12bn. A total turnover […]
WorldStage Newsonline– The Nigerian Stock Exchange (NSE) market capitalisation crossed N14 trillion mark on the last trading day of September due to sustained confidence. Speficially, the market capitalisation on Wednesday rose by N118 billion or 0.84 per cent to close at N14.025 trillion against N13.907 trillion achieved on Tuesday. The increase in the market capitalisation […]
Nigerian Stock Exchange (NSE) Trading floor [Photo: blogs.cfr.org] Related News In the early hours of April 16, Ademola Adeoye walked leisurely across different sections of his living room in Oluyole area of Ibadan, Oyo State, completely unperturbed by the chaos of events happening outside of his immediate environment. A Lagos-based stock analyst and policy expert, […]
Across the world, the impact of the novel coronavirus is still severe despite the ease of lockdown for economic reasons. The uncertainty continues to heighten and no economy is spared from the fall-out from the COVID-19 outbreak. Many African capital markets are bearish: Namibia, South Africa, Mauritius, Egypt, Morocco, Kenya, Ghana, Malawi and a few […]
NBC Tanzania bank has been nominated in the prestigious African Banker awards 2020 which celebrates excellence in banking and finance sector in the continent. That was said yesterday in Dar es Salaam by bank’s Director of Business Banking, Elvis Ndunguru, adding that with over 200 banks from across the continent competing for the awards, his […]
Zenith Bank, United Bank for Africa and 9 other deposit money banks in the country paid more to the government in taxes in 2018 compared to what they paid in 2017 as their profits soared at the end of the last financial year. According to LEADERSHIP investigation, the 2018 financial results of the banks showed […]
The provisions for loan losses by commercial banks in the country have continued to drop, thereby raising hopes of higher returns on investments for shareholders, THISDAY has learnt. Loan loss provisions had in 2016 and 2017 financial years impacted negatively on the bottom-lines of many banks due to the devaluation of the naira and difficult […]
Nigerian Stock Exchange (NSE) Investors at the Nigerian Stock Exchange (NSE) on Wednesday traded a total of 131.43 million shares valued at N1.40 billion exchanged in 2,786 deals, the News Agency of Nigeria (NAN) reports. NAN reports that this was against 143.708 million shares worth N1.67 billion traded in 3,457 deals on Tuesday. The Financial […]
Investors at the Nigerian Stock Exchange on Wednesday traded a total of 131.43 million shares valued at N1.40 billion exchanged in 2,786 deals, the News Agency of Nigeria reports. NAN reports that this was against 143.708 million shares worth N1.67 billion traded in 3,457 deals on Tuesday. The Financial Service Sector remained the toast of […]
Tuesday, April 09, 2019 11:45 AM / Coronation Research / Header Image Credit: FX Empire There was a small amount of profit-taking in the T-bill market last week, but the overall sense is one of mission accomplished – for 2019 – when it comes to reductions in market interest rates, stabilising FX reserves and anchoring […]
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