Markets

Markets

United Capital posts 53% rise in Q1'20 pre-tax profit 

Iheanyi Nwachukwu Apr 21, 2020

United Capital Plc has released its unaudited results for the first quarter (Q1) period ended March 31, 2020, posting 53...

Markets

COVID-19: Capital Market Support Committee to raise N1bn

Iheanyi Nwachukwu Apr 21, 2020

In a bid to support the fight against COVID-19 and its impact on the Nigerian economy, the capital market community...

Markets

Bank of America raises Gold target to $3,000

Segun Adams Apr 21, 2020

Bank of America analysts today increased their target price for Gold by almost 50% to $3,000 an ounce. In a...

Markets

Stock market opens week on negative note 

Iheanyi Nwachukwu Apr 20, 2020

Nigeria’s stock market failed to sustain its new record gains and opened this week on a negative note as investors...

Markets

FX market opens with dollar selling at N385.79k

Hope Moses-Ashike Apr 20, 2020

The foreign exchange market opened on Monday morning with an indicative rate of N385.79k to the dollar at the Investors...

Markets

Africa Prudential, Infinity Mortgage Bank’s Q1 results forewarn impact of coronavirus

Teliat Sule Apr 19, 2020

It is less than a week that the International Monetary Fund (IMF) predicted the Nigerian economy would contract by as...

Markets

Listed stocks that defied coronavirus

Teliat Sule Apr 19, 2020

Fewer stocks have resisted the bearish forces sweeping the Nigerian equity market, which year to date has lost N2.02 trillion...

Markets

Naira weakens to N386.13, as external reserves decline to $33.9bn

Hope Moses-Ashike Apr 17, 2020

Nigeria’s currency on Friday weakened marginally by 0.03 percent to N386.13k per dollar from N386.00k traded the previous day at...

Markets

Stocks gain 1.63% to close week in green in longest gaining streak since January 

Segun Adams Apr 17, 2020

Nigerian stocks gained by 1.63% Friday to close the week in green as its gaining streak extends to a record...

Markets

Foreign exchange turnover at I&E window decline by 63.17%

Hope Moses-Ashike Apr 16, 2020

The daily foreign exchange turnover at the Investors and Exporters (I&E) forex window declined by 63.17 per cent to $14.22...

Markets

NSE hosts first-ever digital closing gong ceremony

Iheanyi Nwachukwu Apr 16, 2020

The Chief Executive Officer of The Nigerian Stock Exchange Oscar N. Onyema has further expressed NSE’s commitment to providing corporates...

Markets

Investors continued to take position in attractive stocks 

Iheanyi Nwachukwu Apr 16, 2020

Amid profit taking activities on notable stocks, bargain investors still took positions in a number of attractive counters trading at...

Markets

Naira gains N0.50k on black market

Hope Moses-Ashike Apr 16, 2020

The Naira appreciated slightly against the dollar on Thursday, trading at an average rate of N415.50k, as against N416 it...

Markets

Naira gains 0.26% over dollar at I&E FX window

Vincent Nwanma Apr 16, 2020

The foreign exchange market closed on Wednesday with Naira gaining N1.00 against the dollar which traded at N385.63k at the...

Markets

FBN Holdings notifies NSE of discussions with Sanlam to divest from FBN Insurance 

Iheanyi Nwachukwu Apr 15, 2020

FBN Holdings Plc on Wednesday April 15 formally notified the Nigerian Stock Exchange (NSE) of on-going discussions with its partner...