Markets

Markets

Conoil proposes N1.39bn dividend payout to shareholders

Iheanyi Nwachukwu Jul 01, 2020

Against the background of the tough challenges that marked the operating environment of the downstream oil sector, the nation’s total...

Markets

Dollar demand outweighs supply as Naira weakens by 0.13%

Hope Moses-Ashike Jun 30, 2020

Demand for dollars by the end-users outweighed the supply on Tuesday leading to Naira depreciating by 0.13 percent at the...

Markets

Nigeria stock market decreased by 3.2% in June

Iheanyi Nwachukwu Jun 30, 2020

Nigeria’s stock market failed to impress investors in June following a record dip by 3.2percent in the review month.  Negative...

Markets

NSE reviews, amends Pension Index

Iheanyi Nwachukwu Jun 30, 2020

The Nigerian Stock Exchange (NSE) has reviewed the eligibility criteria for the NSE Pension Index (The Index) in line with changes...

Markets

Sigma Pensions sees N5trn T-bills, Bonds maturing in H2 boosts industry returns

Modestus Aneasoronye Jun 29, 2020

With over N5trillion worth of maturities expected in the Treasury Bills (TBills) and Bond Market in the second half (H2)...

Markets

FX market resume with naira stable on black market

Hope Moses-Ashike Jun 29, 2020

The foreign exchange market resumed on Monday with Naira stable as the dollar was trading at N458 on the black...

Markets

Financial experts call for reorganization of Nigeria's market architecture

Bunmi Bailey Jun 29, 2020

Stakeholders in the Nigerian Capital market, Asset management and Banking industries have called for a rethink of the nation’s economic...

Markets

Transcorp Hotels gets shareholders’ approval to raise N9.9bn via Rights Issue

Iheanyi Nwachukwu Jun 29, 2020

At an Extraordinary General Meeting (EGM) of the members of Transcorp Hotels Plc held on Monday, June 29, 2020 in...

Markets

Stock market to see increased bargain ahead of HI close 

Iheanyi Nwachukwu Jun 29, 2020

Nigeria’s stock market is expected to start this new week on a positive note, as portfolio/fund managers re-balance their equity portfolio...

Markets

SEC disclaims activities of iBSmartify Nigeria

Iheanyi Nwachukwu Jun 28, 2020

The Securities and Exchange Commission (SEC) has disclaimed the activities of iBSmartify Nigeria saying neither the entity nor the illegal...

Markets

FCMB Pensions challenges market leaders with acquisition of AIICO Pensions

Teliat Sule Jun 28, 2020

The merger and acquisition breeze is gradually blowing across the nation’s pensions industry. Earlier, LeapFrog Investments, an emerging market-focused private...

Markets

NSE highlights values of sustainability reporting with maiden virtual Facts Behind the Sustainability Report

Iheanyi Nwachukwu Jun 27, 2020

The promotion and disclosure of Environmental, Social and Governance (ESG) principles is increasingly becoming a tool for meaningful engagement between...

Markets

ASHON to harmonise members’ trading on FMDQ, NASD, LCFE

Iheanyi Nwachukwu Jun 26, 2020

Barring unforeseen circumstances, there are strong indications that Association of Securities Dealing Houses of Nigeria (ASHON) has stepped up an...

Markets

FX turnover rises by 144.69% as Naira maintains stability on black market

Hope Moses-Ashike Jun 26, 2020

The foreign exchange daily turnover at the Investors and Exporters (I&E) forex window rose by 144.69 percent to $35.92 million...

Markets

Stock market ends week on positive note

Iheanyi Nwachukwu Jun 26, 2020

Nigerian equities market ended the last trading session of the week on a positive note, recording an increase of 0.83percent...