Operating income growth, lower impairment charges lift Ecobank profit up 31%

Ade Ayeyemi, Group CEO, Ecobank By FELIX OLOYEDE Ecobank puts up an impressive financial performance, helped by significant growth in other operating income, fee and commission income and cut in its impairment charges on loan losses. The commercial lender’s post-tax profit grew by 31 per cent to N75.72 billion in September 2018, compared to N57.95 More...

by Felix OLOYEDE | Published 3 weeks ago
By Felix OLOYEDE On Tuesday, October 23rd, 2018
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Bargain hunting spurs Nigerian equity market to third consecutive gains

Nigerian Stock Exchanging in trading session The Nigerian stock market recorded its third consecutive gains on Monday on the back of bargain hunting as companies come to reel out their third quarter financial statements. The More...

By Felix OLOYEDE On Friday, October 19th, 2018
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Nigerian capital market is lagging in fourth industrial revolution participation- NSE CEO

L – R Mr. Femi Akintoye, Deputy Managing Director, Neulogic Solutions, Mr. Gbite Oduneye, Co-Founder, Eagle Global Markets; Mr. Lanre Osibona, Senior Special Assistant to the President on ICT; Mrs. Oluwakemi Akinde, More...

By Felix OLOYEDE On Friday, October 19th, 2018
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Equity market closes week positive, gains 0.54%

The equity market sustained two consecutive gains to close the week on positive note after series of decline, with Access Bank, Oando, Dangote Cement, Zenith Bank, etc. serving as catalysts for the growth. The bourse More...

By Felix OLOYEDE On Tuesday, October 16th, 2018
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Medium, large capitalized stocks return bulls to equity market

Stockbrokers during a trading session at the NSE Gains recorded by medium and large capitalized stocks helped the Nigerian Stock market to reverse Monday’s negative sentiment, appreciating 0.95 per cent on Tuesday. The More...

By Felix OLOYEDE On Tuesday, October 16th, 2018
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NSE Wins Best Use of Technology for Efficiency Award

L – R shows Mr. Olumide Orojimi, Head, Corporate Communications, The Nigerian Stock Exchange (NSE) receiving “Best Use of Technology for Efficiency Award” from Mr. Olusola Teniola, President, Association of More...

By Felix OLOYEDE On Friday, October 12th, 2018
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Banking, consumer goods sector propel equity market to second consecutive gain

 The Nigerian Stock Exchange (NSE) recorded its second consecutive appreciation on Friday on the back of gains made Nigerian Breweries, International Breweries, Unilever, Zenith International Bank, and Access Bank. The More...

By Felix OLOYEDE On Thursday, October 11th, 2018
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Medium, large capitalized stocks halt downtrend in Equity market

Nigerian Stock Exchanging in trading session After downtrend of two consecutive trading days, the Nigerian Stock Exchange closed on a positive note on Thursday on the back of appreciation recorded by medium and More...

By Felix OLOYEDE On Tuesday, October 9th, 2018
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Equity market resumes downtrend, drops 0.08%

The Nigerian Stock Exchange The Market indices of the Nigerian Stock Exchange (NSE) dropped marginally on Tuesday by 0.08 per cent, reversing the previous day’s gain. The All-Share Index dipped by 27.26 points More...