NSE records N10.7 billion transactions in one week
The Nigerian Stock Exchange (NSE), last week, recorded a turnover of 1.361 billion shares worth N10.711 billion in 16,070 deals last week, in contrast to a total of 1.185 billion shares valued at N13.033 billion that changed hands in 18,548 deals during the preceding week.
Sterling Bank unveils diaspora services
Sterling Bank Plc, over the weekend, unveiled an initiative to provide financial services for Nigerians living outside the shores of the country.Codenamed “Sterling Diaspora Services”, the bank’s Group Head...
A-Z of personal finance: L is for long term
A year ago, Benson’s investment in a stock mutual fund was valued at $120,000. Today it has lost more than half of its value and is worth only $58,000.
Reserves stable at $26 billion, naira falls further
The foreign exchange reserves have lost $2.97 billion since this year from combined challenges of low earnings and interventions in defense of the local currency.
AMCON recovers over N2tr bad debts
The Asset Management Corporation of Nigeria (AMCON) said it has recovered more than N2 trillion of the N3.7 trillion debts it bought over, representing about 56 per cent settlement rate.
JV funding swallows government oil revenues
To show its commitment to treating Joint Venture (JV) funding as a first line charge, the Federal Government deployed almost 100 per cent of its revenue earnings ...
New SME gets banks’ financing
Heritage Bank Plc and the Bank of Industry (BoI) achieved a new feat in wealth creation and the curbing of unemployment among the youths, with the financing of the newly inaugurated Small and Medium Enterprise in Lagos.
Skye Bank pledges improved IGR for states
Skye Bank Plc., has expressed its readiness to assist states in the country improve on their Internally Generated Revenue (IGR) generation, plug leakages in collection of services across all revenue ...