Markets

Markets

Emerging currencies hit 15-year lows

BusinessDay Jul 31, 2015

Emerging market currencies slumped to 15-year lows as China’s equity rout and free-falling commodity prices reverberate throughout the global economy....

Markets

Lekki free zone signs multi-million dollar steel pipe mill project with jiangsu yulong group

BusinessDay Jul 31, 2015

The developers and Managers of the Lekki Free Zone project, the Lekki Free Zone Development Company on Tuesday 28th July,...

Markets

Skye Bank, Ecobank profit rise

BusinessDay Jul 30, 2015

Skye Bank’s first-half pretax profit rose 47.4 percent to 10.71 billion naira while Ecobank’s gross earnings climbed to 211.32 billion naira...

Markets

Open doors for industrialisation, CBN tells government

BusinessDay Jul 30, 2015

… urges government to use Ethiopian model The Central Bank of Nigeria (CBN) has asked the Federal Government to aggressively...

Markets

Moody’s assigns first-time ratings to Access Bank

BusinessDay Jul 30, 2015

Access Bank plc, a leading full-service commercial bank, with operations across major cities and commercial centres in sub-Saharan Africa, the...

Markets

Community festival set to break record, plans listing on NSE

BusinessDay Jul 30, 2015

The Nigerian Stock Exchange (NSE) may for the first time list a cultural festival on the exchange as organisers of...

Markets

Open doors for industrialisation, CBN tells government

BusinessDay Jul 30, 2015

The Central Bank of Nigeria (CBN) has asked the Federal Government to aggressively pursue the Ethiopian model of industrialisation to...

Markets

Market still seek support ... With H1 earnings firmly in focus

BusinessDay Jul 30, 2015

The 7th week consecutive week-on-week (w/w) losses in the equities market came to a halt last week as the market...

Markets

Union Bank profit grows single digit as CBN stringent rules bite

BusinessDay Jul 30, 2015

The Central Bank’s stringent policies aimed at curbing inflation and stabilizing the economy is taking a big toll on the...

Markets

Foreign investors cede N10.12bn in June equity deals

BusinessDay Jul 30, 2015

The total transactions at the nation’s bourse (which includes equities sales or liquidation of portfolio investments and equities purchases) increased...

Markets

ASO Savings assures buyers of quality infrastructure at Garden Estate

BusinessDay Jul 30, 2015

ASO Savings and Loans Plc, arguably Nigeria’s leading primary mortgage bank (PMB), has assured prospective buyers from its ASO Garden...

Markets

Fidelity Bank: H1’15 pre-tax profit tracks ahead of analysts’ consensus

BusinessDay Jul 30, 2015

Earlier this week (precisely last Monday), the senior management of Fidelity Bank plc hosted a conference call with investors and...

Markets

Registrars return unclaimed dividends to listed coys -- SEC

BusinessDay Jul 29, 2015

Mounir Gwarzo, Director General, Securities and Exchange Commission (SEC), says 80 per cent of the registrars, operating in the nation’s...

Markets

NSE market capitalisation drops by 0.34%

BusinessDay Jul 29, 2015

The free fall of equities at the Nigerian Stock Exchange (NSE) continued on Wednesday with market capitalisation dropping by N36...

Markets

Mobil pretax profit falls 33 percent, Lafarge's rises

BusinessDay Jul 29, 2015

Mobil Nigeria, a local unit of ExxonMobil, reported a 33 percent drop in first-half profit to ₦4.11 billion ($21 million)...