Trading in the shares of United Bank for Africa (UBA), Guaranty Trust Bank (GTBank) and Stanbic IBTC Bank Plc, accounted for N7 billion deals, at the end of last week’s transactions on the equity sector of the Nigerian Stock Exchange (NSE). The figure, recorded by the three banks, consequently, buoyed transactions in the financial sector, […]
There are indications that the sluggish economic environment may have taken a toll on tier-1 banks forcing their aggregate topline figures into negative position in the first half of 2018, H1’18. The banks, namely First Bank of Nigeria Plc, United Bank for Africa Plc, Zenith Bank Plc, Guaranty Trust Bank Plc and Access Bank Plc […]
Nike Popoola United Bank for Africa Plc has said its gross earnings rose by 16 per cent in the second quarter of 2018 financial period. According to a statement from the bank on Wednesday, its second quarter performance showed strong growth across key performance metrics as well as a significant contribution from its African subsidiaries […]
Goddy Egene The stock market rebounded yesterday as the Nigerian Stock Exchange All-Share Index (NSE ASI) rose 0.28 per cent to close at 34,933.68 after opening the month on a negative note the previous day. Similarly, market capitalisation added N36.1 billion to close at 12.8 trillion. Buying interest in banking stocks such as Zenith Bank […]
The Nigerian stocks market rose yesterday by 0.28 per cent amid renewed bargain hunting activity in Banking and Oil & Gas stocks. In summary, the All Share Index (ASI) gained 96.18 absolute points, representing a growth of 0.28 per cent to close at 34,933.86 points. Similarly, the market capitalisation gained N35 billion to close at […]
Nova Merchant Bank Limited has announced the appointment of Mr. Anya Duroha as the acting Managing Director / Chief Executive Officer of the bank. The appointment followed the exit of the erstwhile chief executive, Mr. Chinedu Ikwudinma, who decided to pursue another endeavour. While the bank in a statement, wished Ikwudinma success in his new […]
Trading on the Nigerian equities market began the month of September on a slightly negative note as the Nigerian Stock Exchange, All-Share Index (NSE-ASI) declined by 0.03 per cent, yesterday. NSE-ASI shed 10.95 absolute points, representing a decline of 0.03 per cent to close at 34,837.50 points. Also, the market capitalisation declined by N4 billion […]
Nigerian Stock Exchange Following renewed bargain hunting embarked upon by stock market investors, transactions on the equity sector of the Nigerian Stock Exchange (NSE), closed upbeat yesterday, as the All-share index rose marginally by 0.3 per cent. Specifically, at the close of transactions yesterday, the All Share Index (ASI) gained 96.18 absolute points, representing a […]
Trading on the Nigerian Stock Exchange closed on a positive note on Tuesday, with OkomuOil leading the gainers’ table for the day. The News Agency of Nigeria reports that the crucial market indicators appreciated marginally by 0.27 per cent. Market observers attributed the growth to the price gains made by some blue chips, which they […]
Goddy Egene The stock market rebounded yesterday following bargaining hunting in banking and consumer goods counters. The market had opened for the week on Monday with a decline of 0.32 per cent. However, the losses were pared yesterday, leading to a growth of 0.53 per cent in the Nigerian Stock Exchange All-Share Index (NSE ASI) […]
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