Lagos – The All-Share Index of the nation’s bourse closed trading for the week on Friday with a growth of 0.50 per cent. Specifically, the index rose by 130.25 points or 0.50 per cent to close at 26,318.49 compared with 26,188.24 achieved on Thursday. Also, the market capitalisation increased by N44 billion to close at […]
The Nigerian Stock Exchange (NSE) on Friday moved 310.56 million shares worth N4.99 billion in 2,825 deals. This was against 147.09 million shares valued at N2.89 billion traded in 2,347 deals on Thursday. FCT police parade 49 suspects over alleged robbery, kidnapping Guaranty Trust Bank dominated trading activities with 75.22 million shares worth N1.98 billion. […]
The equities market segment of the Nigerian Stock Exchange (NSE) on Thursday continued on a downward trend as investors’ investment declined by N112 billion on the back of sell-offs in high capitalised stocks. The All Share Index (ASI) decreased by 229.18 absolute points, representing a dip of 0.84 per cent to close at 27,085.69 points. […]
Temitope Adebayo The Nigerian equities market of the Nigerian Stock Exchange (NSE) resumed trading week on Monday with a loss of 0.74 per cent, following losses achieved by medium and large equities. Specifically, the All Share Index (ASI) shed 204.68 points or 0.74 per cent to close at 27,574.32 against 27,779.000 achieved on Friday. Similarly, […]
Motolani Oseni Again, the equities market of the Nigerian Stock Exchange (NSE) on Thursday reacted positively to the outcome of the election tribunal ruling for the second consecutive day, as market capitalisation rose by N142 billion to close at N13.351 trillion against N13.209 trillion closed the previous day. Similarly, the All Share Index rose by […]
Motolani Oseni Due to persistent sell pressure, equities market of the Nigerian Stock Exchange (NSE) continued its bearish movement to lose N28billion at the close of Monday trading activities. The stock market benchmark index, NSE All Share Index (ASI) dropped by 56.73 basis points or 1.25 per cent close the week at 28,847.81 basis points […]
Motolani Oseni The equities market segment of the Nigerian Stock Exchange (NSE) commenced trading in September on positive note with a marginal growth of 0.14 per cent, which translated to investors’ gain of N19 billion. Specifically, the All Share Index (ASI) rose by 39.28 points or 0.14 per cent to 27,565.09 points. Accordingly, investors gained […]
Temitope Adebayo The Nigerian Stock Exchange equities market segment on Thursday reverted the gains in the previous trading session, following the All-Share Index (ASI) declined by 0.66 per cent on losses in Dangote Cement, MTN Nigeria, 12 other stocks. The All Share Index fell by 181.45 basis points or 0.66 per cent to 27,425.57 basis […]
Motolani Oseni The equities market closed on Thursday trading session on a negative note, as the Nigerian Stock Exchange, All-Share Index (NSE-ASI) slumped by 0.11 per cent on persistent sell-offs. The NSE-ASI fell by 30.18 basis points or 0.11 per cent to 27,052.93 basis points from 27,083.11basis points Accordingly, investors lost N15 billion in value […]
Motolani Oseni The equities market of the Nigerian Stock Exchange (NSE) on Thursday rebounded with an increase of a whopping N14 billion market capitalization, closing the first trading day in August at N13.522 trillion against N13.508 trillion recorded the previous day. Although, the improvement was said to have been achieved due to bargain hunting in […]
Motolani Oseni As part of efforts to reduce access to its Standing Deposit Facility (SDF), a group of analysts at ARM research have said the Central Bank of Nigeria (CBN) is limiting the top four Tier 1 commercial banks access to its facility. The apex bank had issued a circular, stressing that, “remunerable daily placements […]
Temitope Adebayo Following a two-day public holiday declared by the federal government of Nigeria to mark this year Eid-el-Fitri celebration, trading on the Nigerian Stock Exchange (NSE) resumed yesterday on a bearish trend, as All-Share Index lost 401.22 points or 1.30 per cent to close at 30,527.07 compared with 30,928.29 recorded on Monday. Also, the […]
Ladesope Ladelokun Amid sell pressure and delisting of Newrest ASL from three official list, the equities market of the Nigerian Stock Exchange (NSE) opened for the week on Monday still on a bearish trend, with the market capitalisation shedding N141 billion, representing a dip of 1.30 per cent to close at N10.701 trillion against N10.842 […]
…As ASI declines by 0.24% Temitope Adebayo Investors in the equities market of the Nigeria Stock Exchange (NSE) continued its bearish run for the fourth consecutive trading session to lose N26.4 billion which was impacted by price depreciation recorded in medium and large capitalized stocks. The All Share Index (ASI) dropped 70.16 basis points, representing […]
Temitope Adebayo Trading on the Nigerian bourse opened for the week on Monday on a negative trend with the market capitalisation dropping by N6 billion or 0.05 per cent to close at N10.973 trillion against N10.979 trillion on Friday. Also, the All-Share Index which opened at 29,212.00 lost 15.13 points or 0.05 per cent to […]
Motolani Oseni At the close of yesterday trading activities on Nigerian equities market of the Nigerian Stocks Exchange (NSE), trading remains on a bearish trend with the All-Share Index (ASI) shed 219.35 points or 0.74 per cent to close at 29,521.06 compared to 29,740.41 recorded on Friday. Also, the market capitalisation lost N82 billion to […]
…Wins Bank of the Year, Sierra Leone Foremost African financial institution, Guaranty Trust Bank Plc has won the award for “Bank of the Year Nigeria” for the second year in a row at The Banker’s Bank of the Year Awards, regarded as the industry standard for excellence within the global banking sector. Guaranty Trust Bank […]
No fewer than 13 commercial banks operating in the country have realised a whopping N96.7 billion from maintaining customers’ accounts in 2017, against N84 billion raked in the previous year from charges on customers with, current and term deposit. This translates into a 14.8 per cent increase the 13 banks recorded in maintaining customers’ accounts […]
No fewer than six commercial banks accounted for total lending of N10.4 trillion to their customers as at December 31, 2017, representing growth of 0.6 per cent from N10.37 trillion loans granted to customers in 2016. The Deposit Money Banks (DMBs) include Access Bank, Guaranty Trust Bank Plc (GTBank), Ecobank Transnational International (ETI) and Zenith […]
Peter Fowoyo A Federal High Court, Ikoyi, Lagos on Friday, ordered that the total sum of N1.442,384,857.84 billion, which formed part of unrefunded Paris and London Club Loans, domiciled at Access Bank Plc and Guaranty Trust Bank (GTBank), be temporary forfeited to the Federal Government. Joined as respondents in the suit are: Melrose General Services […]