Bonds rise, stocks fall after Buhari’s win
By
Jeph Ajobaju, Chief Copy Editor
A
mixed reaction came out of Nigeria’s stock market on February...
NSE in partnership with market stakeholders, launches mutual funds trading platform
The Nigerian Stock Exchange (“the Exchange” or “NSE”) in conjunction with Fund Managers Association of Nigeria (FMAN); Association of Stockbroking Houses of...
Mixta Real Estate (Nigeria) Plc taps FMDQ for housing, dev. funding
Housing and Infrastructure development in the nation is taking progressive steps in the right direction, as another corporate, Mixta Real Estate (Nigeria)...
Union, Unity, Wema Banks’ N397b earnings rob shareholders
By Kelechi Mgboji
Assistant Business Editor
Union Bank, Unity Bank, and Wema Bank reported N397 billion loss retained earnings in 2015, with the effect their shareholders...
CBN to officially devalue Naira to N250 to the dollar
The Central Bank of Nigeria (CBN) will today announce the devaluation of the naira to N250 – $1, authoritative sources familiar the development have...
Now is the right time to reform oil pricing
World oil prices, which have been highly volatile during the last decade, have fallen more than 50 per cent over the past year.
The economic...
IMF sees 4% growth in Africa in 2017
Economic growth in Africa may bounce back to about 4 per cent next year despite a sharp decline to 3 per cent this year.
But...
No respite for investors after N1.24tr loss in four months
By Kelechi Mgboji
Assistant Business Editor
Huge losses at the Nigerian equities market have continued with investors losing N1.24 trillion in the four months to April.
The...
Forex, budget impasse hit equities market harder
By Kelechi Mgboji
Assistant Business Editor
Investors lost over N83 billion in April as foreign exchange (forex) crisis, delay in the passage of the budget, and...
