NGX opens week on bearish trend, down N20bn
Trading on the Nigerian Exchange (NGX) reopened for the week on Monday on a negative mood following profit taking in some blue chips.
Specifically, the market capitalisation shed N20 billion or 0.10 per cent to...
NGX opens trading June with N12bn loss
Sentiments on the nation’s bourse turned negative on Tuesday closing the first trading session in June with a loss of N12 billion, amid losses in Seplat and 16 others.
Consequently, the market capitalisation which opened...
ABCON wants foreign exchange usersto patronize CBN-licenced BDCs
The Association of Bureaux De Change Operators of Nigeria (ABCON) has stressed the need for foreign exchange users and the general public to patronize only Central Bank of Nigeria (CBN)-licenced bureaux de change (BDCs)...
Shareholders hail Dangote over Cement’s N272.6bn dividend
Shareholders of Dangote Cement Plc on Wednesday commended the Management of the company for an impressive performance despite the economic challenges in the year under review.
Unanimously, the shareholders approved N272.6 billion as dividend, translating...
EU envoy pledges improved collaborations with Nigeria
Head, European Union (EU) delegation to Nigeria and the Economic Community of West African States (ECOWAS), Ambassador Ketil Karlsen has assured of the EU commitment to redoubled efforts towards collaborating with their Nigerian counterparts...
MeCure industries lists N3bn bond on NGX
MeCure Industries Limited Friday commemorated the listing of its N3billion bond with a digital closing gong ceremony on the Nigerian Exchange (NGX) Limited.
The debut listing was the ₦3 billion 5-Year Series 1 Fixed rate...
Forex speculators to lose N100bn as CBN sustains funding for BDCs
Foreign exchange speculators will lose over N100 billion in the next one month as the Central Bank of Nigeria (CBN) sustains massive funding for Bureaux De Change (BDC) operators.
President, Association of Bureaux De Change...
FirstBank bags multiple awards
First Bank of Nigeria Limited has bagged the 2021‘Retail Banking CEO of the Year’, ’Most innovative Retail Banking App Nigeria’ and ‘Best CSR Bank Nigeria’ awards organised by Global Banking and Finance magazine.
The respective...
Nigeria’s GDP Records 0.51% Growth In 2021 First Quarter
Nigeria records another GDP growth for the second consecutive quarter.
Nigeria’s Gross Domestic Product (GDP) has recorded a growth of 0.51 per cent (year-on-year) in real terms in the first quarter of 2021.
The National Bureau...
Bridging Nigeria’s Housing Deficit through Mortgage
With an estimated population of 198 million as at December 2018, and a housing deficit projected at between 17 and 22 million housing units, Nigeria’s private sector needs to participate actively and work with...
