eTranzact targets to raise N7bn from ongoing Rights Issue

Iheanyi Nwachukwu Jul 15, 2020

NSE hosts its Good Cause Ambassador to Digital Closing Gong Ceremony

Stockbrokers comment on market’s half-year performance

GTB, Zenith, Access lead laggards as stock market fails to impressive

Mobil, MTNN, Zenith, GTB, other stocks cause market’s negative start

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Markets

AM&P Advisory Services acquires 55.1m units of UACN shares worth N312.9mn

Law Union & Rock to complete recapitalisation before year end

BusinessDay Jul 13, 2020

Underwriting firm, Law Union & Rock Insurance Plc is set to complete its recapitalization before December 2020, well ahead of...

FBNInsurance pays N4.4bn claims in 6 months

Modestus Aneasoronye Jul 13, 2020

FBNInsurance Limited has displayed resilience in its business strategy despite the negative impact of the coronavirus pandemic on the Nigerian...

Fixed income, currency market turnover in May lowest since January 2018

Iheanyi Nwachukwu Jul 13, 2020

Nigeria’s Fixed Income and Currency (FIC) markets turnover for the month ended May 29, 2020 was N11.78trillion, indicating a month-on-month...

Stocks to remain pressured this week

Iheanyi Nwachukwu Jul 13, 2020

The bears will not easily relinquish their positions this week on the Nigeria Bourse as risks to sustained rally persist....

SEC, NITDA collaborate on data protection

Iheanyi Nwachukwu Jul 12, 2020

The Securities and Exchange Commission (SEC) has restated its readiness to collaborate with the National Information Technology Development Agency (NITDA)...

Stock market decreases by 0.12% amid mix of bargain hunting, profit taking activities

Iheanyi Nwachukwu Jul 11, 2020

Nigeria’s stock market decreased by 0.12 percent in the trading week ended Friday July 10 as the local Bourse saw...

BDCs call for suspension of all increases in taxes, tariffs

Hope Moses-Ashike Jul 10, 2020

Bureaux De Change (BDC) operators have called on the federal government to suspend all increases in taxation and tariffs until...

Seplat appoints Emeka Onwuka as Chief Financial Officer, Executive Director

Iheanyi Nwachukwu Jul 10, 2020

The Board of Directors of Seplat Petroleum Development Company Plc has appointed Emeka Onwuka as Chief Financial Officer (CFO) and...

Trade with caution share of Medview, Aso Savings, Staco Insurance, IEI, Goldlink, others, says NSE

Iheanyi Nwachukwu Jul 10, 2020

The Nigerian Stock Exchange (NSE) has urged investors to exercise caution while trading on the shares of thirteen (13) companies...

NSIA Insurance rewards shareholders with 1.45 kobo dividend

Modestus Anaesoronye Jul 09, 2020

Underwriting firm, NSIA Insurance Limited (Nigeria) has rewarded its shareholders with a dividend payout of 1.45k (N0.0145k) per share for...

Low liquidity at official FX window pushes demand to black market

Hope Moses-Ashike Jul 09, 2020

Nigeria’s currency fell sharply by N5.00k as the dollar was trading at N465 on Thursday from N460 on Wednesday due...

FMDQ Exchange admits N11.5bn Axxela Bond

Iheanyi Nwachukwu Jul 09, 2020

FMDQ, through its subsidiary, FMDQ Securities Exchange Limited (FMDQ Exchange or the Exchange) has admitted for listing on its platform,...

FX turnover declines by 88.43% as Naira weakens on tight liquidity

Hope Moses-Ashike Jul 08, 2020

Nigeria’s foreign exchange daily turnover declined significantly by 88.43 percent to $11.96 million on Wednesday from $103.37 million recorded on...

Access Bank Diamondxtra savings initiatives produce over 9,000 winners

Access Bank Zambia advances discussion to acquire Cavmont Capital’s 100% stake in Cavmont Bank

Iheanyi Nwachukwu Jul 08, 2020

Access Bank Zambia Limited is in advanced discussion with Cavmont Capital Holdings Zambia Plc regarding Merger of Cavmont Bank Limited....

Stock market closes in green as investors start bargain hunting