The Central Bank of Nigeria (CBN) has issued a circular outlining new restrictions on the use of Point of Sale (PoS) terminals by agents for cash-in and cash-out transactions. The circular also includ...
Top market analysts have stated that they anticipate the current trend of downturns in equity prices to continue as market fundamentals shift in the face of rising volatility, portfolio rebalancing, a...
The Nigerian stock market opened this week with a continuation of bearish sentiment. The benchmark indices at the Nigerian Exchange (NGX) indicated an average decline of 0.53%, equivalent to net capit...
The Nigerian Stock Market closed its eighth consecutive loss with an N57 billion win, which can be attributed to investors' demand for FBN Holdings (FBNH) Plc and 16 others.The NGX All-Share Index (AS...
NGXASI buy 98% sell 2% volume index 1.26 MFI 41.53UAcademy buy 67% sell 33% volume index 3.00 MFI 66.52UAccorp buy 94% sell 6% volume index 1.34 MFI 68.97UAfrprud buy 10% sell 90% volume index 1.93&nb...
The Nigerian stock market lost N187 billion yesterday, ending a four-day straight winning due to losses experienced in MTN Nigeria Communications (MTNN) and 23 other companies which also noticed a dec...
The FCMB Group recently announced its intention to ask shareholders for permission to raise an additional N150 billion in capital.This was stated in the notice of this Wednesday's annual general meeti...
Recently, the NGX Regulation Limited placed sanctions on firms like Presco Plc, eTranzact International Plc, NCR (Nigeria) Plc, African Alliance Insurance Plc, ABC Transport Plc, and PZ Cussons Nigeri...
The first trading market for the week started with a negative start as it recorded a N259 billion loss following the decline of some medium-cap companies, dragging down market capitalization at the cl...
This week it was reported that four (4) deposit money banks in Nigeria had upgraded their banking licenses from regional to national, bringing the total number of banks nationwide to 44, following the...