Markets

Nigerian equity market up 0.02%

The Nigerian Exchange appreciated by 0.02% to close at 54,520.2 points, as the Market Capitalisation gained by N8 billion to…

3 years ago

FCMB grew post-tax profit by 55.81% to N32.59bn in 2022

FCMB Group Plc posted an impressive financial performance in 2022, growing Profit after tax (PAT) by 55.81% to N32.59 billion,…

3 years ago

NGX gains 2.52% this week

The Nigerian Exchange ended the trading week on a positive note, appreciating 2.52% on the back of the financial sector…

3 years ago

CBN sells Polaris Bank for N50bn

The Central Bank of Nigeria (CBN) and the Asset Management Company of Nigeria (AMCON) have formally announced the acquisition of…

4 years ago

Nigerian banks sacked 1,936 workers in 2021, says NBS report

Deposit Money Banks in Nigeria sacked a total of 1,936 workers in 2021, the latest report from the National Bureau…

4 years ago

Nigerian equity market capitalisation top by N116bn

Investors’ interest in some medium and large capitalised stocks spurred the market capitalisation to grow by N116 billion or 0.45…

4 years ago

NGX Group appoints Umaru Kwairanga new chairman

The Board of the Nigerian Exchange Group (NGX Group) has appointed Dr Umaru Kwairanga as its new Chairman. The group,…

4 years ago

FX scarcity, Holdco structure adoption drag tier 1 banks’ shares down

The scarcity of foreign exchange in Nigeria and the adoption of holding company structure by some listed lenders have been…

4 years ago

NDIC to host regional deposit insurance leaders

The Nigeria Deposit Insurance Corporation (NDIC) is scheduled to host a regional workshop in Abuja, Nigeria bringing together leaders of…

4 years ago

Nigerian equity market dips by 0.47% as sell pressure persists

The Nigerian stock market closed on Thursday on a negative note as the All-Share Index (ASI) also dropped by 231.57…

4 years ago

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