NSE market indices loses 441.16 points

Transactions on the Nigerian Stock Exchange (NSE) on Wednesday extended downward trend with the All-Share Index losing 441.16 points in one trading day. NSE market indices extend loses 441.16 points The News Agency of Nigeria (NAN) reports that the index which opened at 41,243.24 shed 441.16 points or 1.07 per cent to close at 40,802.08 amid loses by More...

by Uchenna Ajah | Published 4 weeks ago
By Felix OLOYEDE On Tuesday, March 20th, 2018
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Unity Bank denies Milost’s $1bn investment

FELIX OLOYEDE Unity Bank has refuted claim that Milost Global Inc plans to invest $1 billion in Unity Bank Plc, saying it has not reached any agreement with Milost to warrant such speculation. A statement from More...

By Felix OLOYEDE On Monday, March 12th, 2018
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How securities trading, commissions lift Zenith Bank’s profitability in 2017

FELIX OLOYEDE Significant improvement in Zenith Bank’s securities trading income and commission on turn-over influenced its better-than-expected performance in 2017. The lender’s just released 2017 financial More...

By Uchenna Ajah On Sunday, March 11th, 2018
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Corporate Nigeria sends mixed messages as companies release results

By OKEY ONYENWEAKU Investors in corporations listed on the Nigerian Stock Exchange (NSE) are having a sense of being between good times and bad times both at the same time as a growing number of companies release More...

By Uchenna Ajah On Sunday, March 4th, 2018
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How to boost your income from smart investments

By TESLIM STITTA-BEY Investors scared by uncertain corporate performances have sensibly concentrated on capital appreciation for investment yields on the Nigerian Stock market. Data from the market suggest that More...

By Uchenna Ajah On Sunday, February 25th, 2018
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Beating the market slump

TESLIM SHITTA-BEY With year to date yields of stocks taking a bashing in the last two weeks a growing number of investors are toying with the idea of pulling out of equities in search of bumper returns elsewhere. More...

By Uchenna Ajah On Sunday, February 25th, 2018
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Dividend scare: investors panic on CBN order

FELIX OLOYEDE Investors of at least five commercial banks may have their hopes of getting dividends for the 2017 financial year dashed following the Central Bank of Nigeria’s (CBN) reactivation of its earlier More...

By Uchenna Ajah On Monday, February 19th, 2018
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Stop paying dividends, CBN orders banks with huge bad loans

Banks and discount houses with non-performing loans above 10 per cent will no longer be allowed to pay dividends to their shareholders. The Central Bank of Nigeria gave the directive as part of measures to curb More...

By Uchenna Ajah On Monday, February 19th, 2018
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Kings of Broad Street: GT, ZENITH, UBA, ACCESS

BY OKEY ONYENWEAKU As the banking industry gets tighter with narrowing operating margins and tougher competition for retail customers, the big four financial institutions are revising their strategies and setting More...