Investors lose N371bn on NSE in one trading session
2021-03-09
Investors on the Nigerian Stock Exchange (NSE) on Tuesday lost N317 billion in a trading session amid sell pressure on bellwethers.Continue Reading
Islamic finance institute to partner TrustBanc Arthur
2021-03-05
By Rukayat Adeyemi The Institute of Islamic Finance Professionals (IIFP) is seeking partnership with TrustBanc Arthur, a non-interest investment institution, to further deepen the penetration of Islamic finance in Nigeria. IIFP Acting President, Dr Tajudeen Yusuf, made this known when he led associate members of the institute on aContinue Reading
FirstBank unveils First Global Transfer to ease cross-border payments
2021-03-05
By Itohan Abara-Laserian First Bank of Nigeria Ltd has unveiled First Global Transfer (FGT) to promote international transfer of funds across its subsidiaries in sub-Saharan Africa. FirstBank Chief Executive Officer, Dr Adesola Adeduntan, disclosed this in a statement made available to the News Agency of Nigeria (NAN) on Friday inContinue Reading
NSE moves 587.74m shares worth N13.62bn in bearish trading
2021-03-05
By Chinyere Joel-Nwokeoma Investors on the Nigerian Stock Exchange (NSE) on Friday staked N13.62 billion on 587.74 million shares in 4,895 deals. This was in contrast with 493.17 million shares valued at N4.72 billion exchanged in 5,486 deals on Thursday. Mansard Insurance dominated trading activities, accounting for 282.32 million sharesContinue Reading
AfDB facility, Netherlands sign €6m agreement
2021-03-05
ALSF and the Netherlands’ Ministry for Trade and Development Cooperation have signed a financing agreement of six million euros.Continue Reading
Osun boosts MSMEs with N100m for job creation
2021-03-04
By Victor Adeoti Gov. Gboyega Oyetola of Osun, on Thursday, said the sum of N100 million has been set aside to boost Micro Small and Medium Enterprises (MSMEs) development in the state. Oyetola said his administration had adopted a proactive strategy to stimulate the state’s economy adversely affected by theContinue Reading
Nigerian stock market extends loss by 0.40%
2021-03-04
By Chinyere Joel-Nwokeoma The nation’s bourse extended negative trend for the third consecutive trading session following sell pressure on Nigerian Breweries, Dangote Sugar Refinery and tier-1 banks. The All-Share Index on Thursday declined further by 157.39 points or 0.40 per cent to close at 39,394.67 from 39,522.06 posted on Wednesday.Continue Reading
NIWA to engage private firm to haul cargo from Lagos to Onitsha River port –MD
2021-03-03
NIWA has disclosed its plan to engage the services of ACTL to move cargo from Lagos to Onitsha River Port, through Burutu port in Delta.Continue Reading
LCCI projects increased inflation rate for February
2021-03-02
LCCI has projected an increase within the range of one per cent in the Nigerian headline inflation index for February, 2021.Continue Reading
NSE market capitalisation drops N123bn on Nestle loss
2021-03-02
By Chinyere Joel-Nwokeoma The nation’s bourse closed trading on Tuesday on a negative note, due to price depreciation posted by Nestle and other 25 stocks. Consequently, the benchmark index declined by 233.81 or 0.59 per cent to 39,697.62 from 39,931.63 achieved on Monday. Accordingly, the month-to-date and year-to-date losses increasedContinue Reading