Equity market extends downtrend to three consecutive days

The Nigerian Stock Exchange (NSE) ended the trading week on a bearish note, stretched its downtrend to three consecutive trading sessions, driven by losses recorded by blue chip organizations. It shed -0.21 per cent to bring the All-Share Index to 34,037.91 at the close of business on Friday, which the market capitalisation lost N26 billion to close More...

by Felix OLOYEDE | Published 3 weeks ago
By Felix OLOYEDE On Thursday, September 6th, 2018
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Profit taking drags Equity Market Down 1.49%

The Nigerian Equity Market reversed the previous day gain as it declined 1.49 per cent on the back of decline in six out of seven sectors, especially the oil and gas and industrial sectors on Wednesday. The All More...

By Felix OLOYEDE On Thursday, September 6th, 2018
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Bond Yields closes at 15% as market goes bullish

The Nigerian bond market was bullish on Wednesday on the back of increased participation local and off-shore investors in the mid- to long-end of the curve, which propelled average yields to compress by 4 basis More...

By Felix OLOYEDE On Wednesday, September 5th, 2018
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Naira loses 0.26% in I&E Forex Window

The Naira lost 0.26 per cent against the dollar at the Investors’ and Exporters’ (I&E) foreign exchange window on Wednesday. The dollar was sold for N363.04 at the I&E Window, N0.63 higher than the $/N362.41 More...

By Uchenna Ajah On Monday, September 3rd, 2018
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Banks groan under CBN’s iron fist as economy sputters

By OKEY ONYENWEAKU Local Nigerian banks have started to groan under the tight fist of the Central Bank of Nigeria’s (CBN’s) determination to sanitise the industry and ensure that corporate governance is strictly More...

By Uchenna Ajah On Monday, September 3rd, 2018
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Declining economy signposts hard times ahead

– This development will increase poverty – Experts By UCHE CHRIS A worrisome and unexpected report about the economy came from the National Bureau of Statistics, which most informed observers are still More...

By Uchenna Ajah On Monday, September 3rd, 2018
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Huge recurrent expenditure endanger growth—Alex Otti

By OBINNA EZUGWU Former Managing Director of Diamond Bank, and front line aspirant for the Abia State governorship, Dr. Alex Otti has noted that no country which spends 70 percent of its earnings on recurrent expenditure More...

By Uchenna Ajah On Monday, September 3rd, 2018
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UBA repositions for global challenges

Recent Board changes have been made at the United Bank for Africa (UBA) to generate new thinking and a fresh perspective of the future of the bank in the various markets it has chosen to do business. Erelu Adebayo The More...

By Olaolu Ayoola On Monday, September 3rd, 2018
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Huge recurrent expenditure endangers growth – Alex Otti

By OBINNA EZUGWU Former Managing Director of Diamond Bank, and front line aspirant for the Abia State governorship, Dr. Alex Otti, has noted that no country which spends 70 percent of its earnings on recurrent expenditure More...