NGX All-Share Index Drops By 1.4%, Investors Lose N638b

NGX All-Share Index Drops By 1.4%, Investors Lose N638b

The Nigerian Exchange closed trading on Wednesday on a negative note, due to price depreciation posted by Tier-one bank stocks and some others. Consequently, the All-Share Index declined by 1,167.46 or 1.4 per cent to close at 82,024.28, as against...
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GTCO Declares N214b PBT For 2022

GTCO Declares N214b PBT For 2022

Guaranty Trust Holding Company Plc (GTCO) on Friday announced a profit before tax (PBT) of N214.2 billion in its Audited Consolidated and Separate Financial Statements for the year ended, December 31, 2022. The decrease in profit before tax, according to...
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Innoson Urges Court To Set Aside Order On GTB’s Plan To Transform To Holding Company

Innoson Urges Court To Set Aside Order On GTB’s Plan To Transform To Holding Company

AN Enugu-based manufacturing and trading company, Innoson Nigeria Limited, is seeking the order of a Federal High Court, Lagos Judicial Division, to, among others, set aside its ex parte order approving GTB’s intention&nbsp...
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Forte Oil lead gainers’ table as NSE market capitalisation consolidates growth by N24b

Forte Oil lead gainers’ table as NSE market capitalisation consolidates growth by N24b

The Nigerian Stock Exchange (NSE) ended the week on a positive note on Friday as market capitalisation  which opened at N12.823 trillion, increased  by N24 billion or 0.19 per cent to close at N12.847 trillion.   Also, the All-Share Index...
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CBN sanctions First Bank, GTB, others over alleged forex infractions

CBN sanctions First Bank, GTB, others over alleged forex infractions

The Central Bank of Nigeria (CBN) on Tuesday barred 15 commercial banks from dealing in foreign exchange through the recently created Small and Medium Enterprises (SMEs) wholesale forex window.  According to the CBN, the decision which is with immediate effec...
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