Capital Market
6 May 2024
Zenith Bank Plc has announced its unaudited results for the first quarter that ended on 31st March 2024, with an impressive triple-digit growth of 189 per cent in gross earnings, from ₦270 billion reported in Q1 2023 to ₦781 billion in Q1 2024.
3 May 2024
Anticipation of improved first quarter (Q1) earnings have continued to trigger bargain hunting in the equities sector of the Nigerian Exchange Limited (NGX)as the all-share index (ASI) appreciated further by 0.6 per cent.
30 Apr 2024
Nigerian Exchange Group Plc has announced plans to deploy a technology application that would ensure that the proposed banking recapitalisation and various capital raising exercises in the market are delivered digitally.
24 Apr 2024
To halt the fresh panic building over the fate of the naira, the Central Bank of Nigeria (CBN) is set to disburse another tranche of liquidity intervention to 1,583 Bureau de Change operators.
22 Apr 2024
Problems associated with infractions in the capital market may soon become a thing of the past, as the Securities and Exchange Commission (SEC) has announced that its information technology (IT) project that would enable the commission to detect infringement in the market real time has attained over 75 per cent completion.
15 Apr 2024
The financial services industry (measured by volume) dominated in volume terms at the end of last week's transactions with 859.6 million shares valued at N20.6 billion in 12,297 deals, contributing 75.9 per cent to the total equity turnover.
12 Apr 2024
Four leading Nigerian banks by market capitalisation, achieved combined gross earnings of N7.99 trillion gross earnings in their 2023 full-year operations, a figure that is 248 per cent higher than the 2022 performance.
12 Apr 2024
Global goods trade is expected to pick up gradually this year following a contraction in 2023 that was driven by the lingering effects of high energy prices and inflation, experts and economists have revealed in a new forecast.
12 Apr 2024
Zenith Bank Plc has announced a remarkable 125 per cent growth in its gross earnings in its 2023 operations, from N945.6 billion reported in 2022 to N2.13 trillion.
9 Apr 2024
Ahead of the Eid-el-Fitr break, the Nigerian Exchange Limited (NGX) reopened on a downturn yesterday, as the All-Share Index shed 0.4 per cent, amid losses in tier one banks.
1 Apr 2024
High transactions in the shares of three banks – Guaranty Trust Holding Company Plc, Zenith Bank Plc and Access Holdings Plc – lifted the volume of shares traded last week, as the turnover of 1.8 billion shares worth N52 billion was recorded.
25 Mar 2024
Foreign Exchange spot and derivatives markets recorded a turnover of $1,641.18 million for the week ended March 22, 2024, representing an increase of 85.6 per cent ($756.88 million) from $884.3 million achieved in the previous week.
2 hours ago
The Minister of Aviation and Aerospace Development, Festus Keyamo, has flagged off the construction of the XeJet Flight Support and Engineering facility valued at about $10 million at the Nnamdi Azikiwe International Airport, Abuja. The facility, to be constructed by the Chinese Civil Engineering Construction Company (CCECC) over a period of 18 months, will include…
3 hours ago
The Kano operatives of the Nigeria Security and Civil Defence Corps have nabbed six motorcycle thieves who attacked and snatched motorcycles from members of the public forcefully. They were arrested in the Gurin Gawa and Bechi areas of Kumbotso Local Government Area of the state. Confirming the arrests of the suspects, the state’s NSCDC spokesperson,…
5 hours ago
The Federal Government, on Monday, approved a new 50 per cent hike in the cost of telephone services in the country. This comes 12 years after the last tariff hike was effected. This was announced by the Nigerian Communications Commission (NCC) in a statement signed by the Director of Public Affairs, Reuben Muoka. The new…
5 hours ago
Operatives of the Nigeria Police have arrested three suspects who have been stealing cars with master keys in Ondo State. The suspects, identified as Temidayo Folajimi, Rotimi Akinsanoye, and Waheed Adekanmbi, who also buy and sell stolen vehicles, specialized in stealing cars from where they were parked. While parading the suspects at the police headquarters…
8 hours ago
The Economic and Financial Crimes Commission (EFCC) has arraigned the Former Managing Director of Assets Management Cooperation of Nigeria (AMCON), Ahmed Kuru, and four others for allegedly defrauding Arik Airline N76 billion and $31.5 million, respectively. Kuru and other defendants were arraigned before Justice Mojisola Dada of a Lagos Special Offences Court, Ikeja. Other defendants…
15 hours ago
Bitcoin hit a record high above $109,000 on Monday as Donald Trump, who has signalled plans to deregulate the cryptocurrency sector, prepares to be sworn in as US president.
19 hours ago
The rising rate of insurance claim defaults is unsettling in the sector, and the insured is fast pitching against the insurers.
19 hours ago
The Chairman of the Presidential Fiscal Policy and Tax Reforms Committee, Taiwo Oyedele has called for the implementation of the tax reform bills by mid-2025, noting that the current system is holding the country hostage and needs to be fixed.
19 hours ago
In response to the consumer price inflation report for December 2024, which put inflation at is34.8 per cent, the Nigeria equities market closed last week trading on a downturn as investors lost N1.4 trillion in five trading days.
19 hours ago
In the first nine months of last year, the earnings per share (EPS) of FBN Holdings Plc, the parent company of First Bank of Nigeria Limited as well as its profit grew by 125 per cent year-on-year (Y/Y).