CBN may raise rates by fourth quarter, says Coronation Merchant Bank

FELIX OLOYEDE Contrary to the expectation of many for an interest rate cut, the Central Bank of Nigeria may actually raise rates by the fourth quarter of 2018, says the latest report from Coronation Merchant Bank. In a report titled: “Interest rate outlook, 2018”, released on Tuesday, the investment bank noted that while countries such as Kenya More...

by Felix OLOYEDE | Published 1 week ago
By Uchenna Ajah On Wednesday, June 13th, 2018
0 Comments

AT&T floors Trump, gets court nod to buy Time Warner

AT&T Inc won court approval on Tuesday to buy Time Warner Inc for $85 billion, rebuffing an attempt by U.S. President Donald Trump’s administration to block the deal and likely setting off a wave of corporate More...

By Uchenna Ajah On Wednesday, June 13th, 2018
0 Comments

NSE: Trading resumes with 0.45% growth

Transactions on the Nigerian Stock Exchange (NSE) opened on a positive note on Monday with crucial market indices appreciating following gains by large and medium-size stocks. Nigerian Stock Exchange The All-Share More...

By Felix OLOYEDE On Monday, June 11th, 2018
0 Comments

Coronation Merchant Bank Sponsors NSE-LSE Dual Listing Conference  

Coronation Merchant Bank Limited has demonstrated its commitment to the growth and development of the capital market and Nigerian economy through its sponsorship of the 5th edition of the NSE-LSE Dual Listing Conference More...

By Uchenna Ajah On Monday, June 11th, 2018
0 Comments

Banks upbeat over rising oil prices

…NPLs likely to drop By FELIX OLOYEDE The recent rise in International oil prices has bumped up banker’s optimism in the reversal of their previous misfortunes resulting from large loan exposures to Nigeria’s More...

By Uchenna Ajah On Monday, June 11th, 2018
0 Comments

Rising Price of Crude: Mixed performance trail Oil and Gas companies

By OKEY ONYENWEAKU Contrary to investor expectations the Oil and Gas sector of the local stock market is failing to provide the market with the boost needed to shake it out of a bearish rut. Indeed, the sector seems More...

By Uchenna Ajah On Monday, June 11th, 2018
0 Comments

GT bank vs INNOSON: Management of bank reassures customers

By FELIX OLOYEDE In a swift reaction to the allegedly unfounded stories making the rounds that Nigeria’s Supreme Court recently instructed Guaranty Trust Bank (GTB) to pay one of its customers Messrs Innoson Nigeria More...

By Felix OLOYEDE On Friday, June 8th, 2018
0 Comments

Supreme Court didn’t ask us to pay Innoson N14bn, says GTBank

FELIX OLOYEDE Guaranty Trust Bank (GTB) has refuted report making the round that the Supreme Court of Nigeria directed it to pay N14 billion to Innoson Nigeria Limited. The bank described as false claim by Innoson More...

By Uchenna Ajah On Friday, June 8th, 2018
0 Comments

Alcohol manufacturers reject 500% excise duty hike

The Distillers and Blenders Association of Nigeria (DIBAN) says it rejects the new ”astronomical increase” in excise duty being imposed on domestic wines and spirits. Alcohol manufacturers reject 500% excise More...