Foreign investors dump N30.11b equities
Investors have dumped N30.11 billion worth of shares this year, according to inflow and outflow of equities trading on the Nigerian Stock Exchange (NSE).
Only...
CBN to devalue naira this year, says Standard & Poor’s
Standard & Poor's, a ratings agency based in the United States, expects the Central Bank of Nigeria (CBN) to devalue the naira at some...
Banks’ impressive earnings, ROE fail to lift capital market
Against conventional wisdom, impressive earnings and return on equity (ROE) recorded by most banks quoted on the Nigerian Stock Exchange (NSE) have failed to...
Four new bank CEOs up against huge tasks
Newly appointed Chief Executive Officers (CEOs) of four banks – Access, Fidelity, Zenith and Skye – are up against enormous challenges following the sterilisation...
How investors lost N2.2tr in stock market crash in 2014
The Nigerian capital marked has crashed for the second time in seven years, leaving investors pale with losses almost half the national budget.
Investors lost...
ATM charge may generate N1b for banks quarterly
Automated teller machines (ATMs) may generate up to N1 billion every quarter for banks through the N65 levy on customers’ remote-on-us transactions.
There were about...
Forex operators complain over scarcity of dollars
Bureau De Change operators in Kano have complained over the scarcity of dollars from the Central Bank of Nigeria (CBN).
Alhaji Mustapha Mohammed, the Treasurer...
Headwinds pummel Forte Oil, Mobil, Total, others
By Kelechi Mgboji
Assistant Business Editor
Shares of petroleum marketing companies on the Nigerian Stock Exchange (NSE) dived in November as worsening global crude oil prices...
Naira strengthens against dollar
By
Jeph Ajobaju, Chief Copy Editor
Nigeria’s
naira has gained strength against the dollar after the successful...
NSE market capitalisation increases by N27bn
The market capitalisation of the Nigerian Stock Exchange (NSE) on Tuesday improved by N27 billion to close at N9.872 trillion due to marginal gains...
