FG Commends NGX On Capital Market Development

FG Commends NGX On Capital Market Development

The Federal Government has commended the Nigerian Exchange (NGX) Limited for its efforts in ensuring that the Nigerian capital market (NCM) is deepened.   The Minister of Finance, Budget and National Planning, Dr. Zainab Ahmed, made the commendation during a courtesy...
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Seplat, MTN Lift Trading On NGX By 0.15%

Seplat, MTN Lift Trading On NGX By 0.15%

Trading activities on the Nigerian Exchange rebounded on Wednesday with a gain of 0.15 per cent due to interest inSeplat Plc and MTN Nigeria Communications (MTNN).  Specifically, the All-Share Index increased by 57.41points or 0.15 per cent to close ...
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ETI To Raise $300m From Capital Market

ETI To Raise $300m From Capital Market

Ecobank Transnational Incorporated (ETI) Plc has announced plans to raise $300million from the International Debt Capital Markets (IDCM), through the issuance of tier 2 qualifying sustainability notes.  Ms Adenike Laoye, Group Head, Corporate Communicatio...
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Lagos Cooperatives Capital Base Increases To N33b

Lagos Cooperatives Capital Base Increases To N33b

The Lagos State Commissioner for Commerce, Industry and Cooperatives, Mrs Lola Akande, has disclosed that the cooperative service capital base has increased to N33 billion in 2021.  Akande made this known on Monday in Lagos at the 2021 ministerial news...
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Fidelity Bank Declares N10.1B Profit Before Tax In Q1

Fidelity Bank Declares N10.1B Profit Before Tax In Q1

For the first quarter ended March 31, 2021, Fidelity Bank Plc has recorded improvement in its financial performance.  Details of the unaudited results, released at the Nigerian Stock Exchange (NSE) show that Profit before Tax (PBT) grew by 53.9% from...
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Shareholders Task Firms To Cut Operational Cost

Shareholders Task Firms To Cut Operational Cost

The Shareholders Association, Ibadan Zone, has urged companies in Nigeria to be decisive and cut operational costs to catalyze the business environment in the face of economic challenges.  Mr Eric Akinduro, the Chairman of the Association, gave the advice...
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NSE Rebounds By N83b On Buying Interests In Dangote Cement, MTN Nigeria

NSE Rebounds By N83b On Buying Interests In Dangote Cement, MTN Nigeria

The Nigerian Stock Exchange (NSE) rebounded on Tuesday with N83 billion following buying interest in Dangote Cement and MTN Nigeria Communications (MTNN).  Specifically, the market capitalisation inched higher by 158.97 points or 0.41 per cent to close at...
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NSE’s Indices Drop Further By 0.13%

NSE’s Indices Drop Further By 0.13%

Key indicators of the Nigerian Stock Exchange closed on Friday with a loss of 0.13 per cent, as turnover volume increased by 73.59 per cent.  Specifically, the All-Share Index, which opened at 38,697.17 inched lower by 48.69 points or 0.13...
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Minister Tasks Capital Market Operators On Retail Investments

Minister Tasks Capital Market Operators On Retail Investments

The Federal Government on Thursday advised capital market operators to consider retail investments, to enable ordinary citizens in the country to invest in the market.  Mrs Zainab Ahmed, Minister of Finance, Budget and National Planning, made the call at ...
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UBA Explains N113.8b PAT, Proposes 35k Final Dividend For 2020

UBA Explains N113.8b PAT, Proposes 35k Final Dividend For 2020

United Bank for Africa Plc (UBA) has announced its audited results for the full-year ended December 31, 2020, recording impressive growth across its top and bottom lines.   The 2020 audited financials filed at the Nigerian Stock Exchange (NSE), showe...
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Nigerian Stock Market Extends Loss By N83b

Nigerian Stock Market Extends Loss By N83b

The Nigeria Stock Exchange (NSE) on Thursday 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...
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Oando Rallies On NSE, Lifts Market Indices By 0.14%

Oando Rallies On NSE, Lifts Market Indices By 0.14%

Activities on the Nigerian stock market sustained the upward trend on Wednesday with a gain of 0.14 per cent on bargain hunting in Oando and 21 others.  Specifically, the All-Share Index improved further by 56.44 points or 0.14 per cent...
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NTA To Display NSE Ticker Tape

NTA To Display NSE Ticker Tape

Investors and viewers of the Nigerian Television Authority (NTA) stations will now be able to see the daily price information of securities trading on the Nigerian Stock Exchange (NSE). The NSE Chief Executive Officer, Mr Oscar Onyema, said this at...
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NSE Attains 0.33% Growth On Seplat, Lafarge Africa Gains

NSE Attains 0.33% Growth On Seplat, Lafarge Africa Gains

Trading in the domestic equities market commenced the week on a positive note, growing by 0.33 per cent due to buying interests in Seplat, Lafarge Africa and Tier-1 banking stocks.  Consequently, the All-Share Index on Monday inched higher by 131.82...
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