Investors lose N208bn as stock market declines further
The equities market on Monday extended downward trend to seven consecutive trading days as investors continued to sell-down amidst the…
Month: March 2020
International Breweries records 100% Rights issue subscription, raises N165bn
INTERNATIONAL Breweries Plc has recorded 100 percent subscription in its recently concluded Rights Issue. The company raised N165 billion on…
10-year Treasury yield drops to another record below 1.04% as historic fall in yields continues
The 10-year Treasury yield dropped to another record low on Monday below 1.04% as the historic decline in yields continued…
CBN Reports Slow Economic Activities In February
Business activity, production level, new orders, supplier delivery time, employment level and raw materials inventories grew at a slower rate…
Naira falls N413 to dollar at forward market
The naira on Friday depreciated past N400 to dollar at the forward market after Nigeria recorded its first case of…
Forex: Turnover in I&E up by 46% to $8.2bn in Feb
THE volume of dollars traded (turnover) in the Investors and Exporters (I&E) window of the Nigerian foreign exchange market grew by…
Stock market down by 4.28%, highest in 47 weeks
Nigerian stocks suffered the highest weekly loss since April 2019 as sell pressure dominated market activities on increasing regulatory pressures…
FG policies on palm oil industry fail
THERE are indications that the government’s policies on palm oil industry have failed with leading companies in the industry recording…
Fidelity Bank rewards customers with N68m in GAIM 4
FIDELITY Bank said it has so far rewarded its customers with N68 million in its ongoing Get Alert in Millions…
It’s unpatriotic to sell rice above N15,000 – Minister
The Minister of Agriculture and Rural Development, Alhaji Muhammad Nanono, has said it is unpatriotic for rice producers to sell…
Coronation Merchant Bank, IFC partner on N14.4bn facility
Coronation Merchant Bank said it partnered with International Finance Corporation to launch an N14.4bn Trade Finance Guarantee facility to boost…
Firstbank wins 2019 oil and gas banker award
FIRST Bank of Nigeria Limited was recently presented with the Oil and Gas Banker of the Year 2019 award at…