Consolidated Hallmark Insurance Applies to Raise N1.057bn Capital
Consolidated Hallmark Insurance Plc (CHI) has applied to raise about N1.057 billion from shareholders via a rights…
Daily Archives
February 4, 2020
BREAKING: Police, Air Force take over MMIA toll gate
Policemen and Nigeria Air Force personnel were on Tuesday drafted to the Murtala Muhammed International Airport (…
Markets Wrap
U.S. equity futures jumped with European stocks after a brutal sell-off in Chinese equities halted on Tuesday and…
Stock market opens week with N160bn loss
The nation’s stock market opened the week with N160bn loss as sell pressures in BUA Cement Plc, Zenith Bank Plc and…
Brexit: Buhari, UK Prime Minister agree on new trade relationship
President Muhammadu Buhari has called for a review of trade relations with the United Kingdom (UK) following the…
GTBank, Dangote Cement, Zenith Bank, make ARM’s hot stocks list
The stocks of Dangote Cement Plc, Zenith Bank Plc, Nestle Plc, Nigerian Breweries Plc, and Seplat Plc are shares of…
Federal Govt to pay N272.9bn maturing bonds
The Federal Government allocated 2.6 per cent of its total expenditure totalling N272.9bn to settle pending…
Demurrage: Price increase looms, importers besiege SON
The inability of importers to upload the Standards Organisation of Nigeria’s Conformity Assessment Certificate on…
Gaming companies short-change FG by N591bn in 14 years — Burunji Kashamu
Lottery and sports-betting companies operating in the country have defaulted in tax payment and other remittances…
Budget under threat as oil sinks to $54
The international oil benchmark, Brent crude, plummeted to its lowest level in more than a year on Monday, trading…
Dow Futures Spike 165 Points Despite Dangerous Warning from Bond Markets
Dow futures rally triple-digits overnight, as U.S. stocks appear poised to extend Monday’s gains.
The rally…
Exxon Mobil Stock Could Bottom Out in 2020
Dow component Exxon Mobil Corporation (XOM) sold off to a nine-year low on Friday after missing modest fourth…
ABCON restates commitment to compliance, capacity devt
THE Association of Bureaux De Change Operators of Nigeria, ABCON, has its restated its commitment to capacity…
Virus fears wipe $393bn off China’s stock market despite government support moves
Investors erased $393 billion from China’s benchmark stock index on Monday, sold the yuan and dumped commodities as…
Coca-Cola Stock Hits All-Time High After Strong Quarter
Dow component The Coca-Cola Company (KO) posted an all-time high above $59 on Friday, one day after the beverage…
Tesla Stock Soars by More Than $100
Tesla’s stock surged on Monday on news that lifted already-rosy investor sentiment for the electric-car…
Finance Act will boost securities lending, REITs investment on capital market —…
The Nigerian Stock Exchange (NSE) says securities lending will witness exponential growth with the elimination of…
New finance Act to revive nascent $2.77bn asset management industry — NSE
The Chief Executive Officer, NSE Oscar Onyema stated this at a symposium on the Finance Act 2019, in Lagos, saying…
Business interruptions, growing cause of risk in Nigeria — Survey
The report further stated: “After seven years at the top, BI leaped from seventh to third this year and is number…
Confidence in economy drops in January — CBN
The report stated: “At 28.3 index points, the overall confidence index (CI) indicated respondents’ optimism on the…