Access Bank and Diamond Bank saythe Central Bank of Nigeria (CBN) and the Securities and Exchange Commission (SEC) have given them the final approval to merger. The two financial institutions The post Merger: Access, Diamond Banks get final approval from CBN appeared first on TheCable.
Nigerian Stock Exchange (NSE)
EFCC re-arraigns ex-Intercontinental Bank MD on money laundering
The Economic and Financial Crimes Commission (EFCC) on Wednesday re-arraigned a former Managing Director of the defunct Intercontinental Bank PLC, Erastus Akingbola in a Federal High Court in Lagos, for alleged Money Laundering charges. He is charged by the EFCC with amended 22 count charge bordering on the offence. He had pleaded not guilty to […] …
Election outcome: NSE market capitalisation decreases further by N196bn
Trading on the Nigerian Stock Exchange (NSE) continued to react negatively to the outcome of the presidential election with the market capitalisation losing N196 billion to close below N12 trillion The post Election outcome: NSE market capitalisation decreases further by N196bn appeared first on TheCable.
Zenith Bank’s gross earning drops to N630.34bn in 2018
Zenith International Bank Plc on Tuesday became the first bank to announce its 2018 audited result, declaring a drop in gross earnings. The News Agency of Nigeria (NAN) reports that the bank’s audited result releases by the Nigerian Stock Exchange (NSE) showed that its gross earnings dropped to N630.34 billion against N745.19 billion in 2017. […]
The post Zenith Bank’s gross earning drops to N630.34bn in 2018 appeared first on Tribune Online. …
Sterling Bank lists N33bn bonds on NSE, FMDQ
STERLING Bank Plc, Nigeria’s leading commercial bank has simultaneously listed the Sterling Investment Management SPV PLC ₦32.90 billion Series 2 on FMDQ OTC Securities Exchange and the Nigerian Stock Exchange (NSE). The bond which is unsecured with a tenor of seven years at a fixed rate of 16. 50 per cent is part of a […]
The post Sterling Bank lists N33bn bonds on NSE, FMDQ appeared first on Tribune Online. …
FG dominates capital raising on NSE with N1.16trn borrowing
The Federal Government has dominated fixed income market performance at the Nigerian Stock Exchange (NSE) in 2018 with capital raising of N1.16 per cent, representing 79.30 per cent of bond issuance in the year. Delivering his presentation at the NSE’s 2018 Market Recap and Outlook for 2019 on Monday at the Stock Exchange House, Lagos. […]
The post FG dominates capital raising on NSE with N1.16trn borrowing appeared first on Tribune Online. …
NSE: Bears on rampage, market capitalisation loses N136bn
THE bears at the Nigerian Stock Exchange (NSE) continued to dominate trading for the fifth trading days in 2019 with the crucial market indicators declining further by 1.20 per cent. Specifically, the All-Share Index, which opened at 30,400.28, shed 364.13 points or 1.20 per cent to close at 30,400.28 recorded on Monday. Similarly, the market […]
The post NSE: Bears on rampage, market capitalisation loses N136bn appeared first on Tribune Online. …
Election phobia: Stock market’s index drops further by 0.78%
THE volatility of the Nigerian Stock Exchange (NSE) remained unabated on Monday with crucial market indices decreasing further by 0.78 per cent. The News Agency of Nigeria (NAN) reports that the All-Share Index shed 238.62 points or 0.78 per cent to close at 30,400.28 against 30,638.90 posted on Friday. In the same vein, the market […]
The post Election phobia: Stock market’s index drops further by 0.78% appeared first on Tribune Online. …
Stocks starts 2019 trading on negative note
Chinwendu Obienyi Hope of a positive start in 2019 stock trading was dashed Wednesday on the floor of the Nigerian Stock Exchange (NSE) as the equities began the first trading week on a negative note. The All-Share Index (ASI), which opened the year at 31,430.50 points, fell by 1.15 per cent or 360.44 basis points […]
The post Stocks starts 2019 trading on negative note appeared first on The Sun Nigeria. …
NSE: Crucial indices down by 0.10% as profit taking persists
CRUCIAL indicators of the Nigerian Stock Exchange (NSE) on Friday dipped by 0.10 per cent following losses by some blue chips. The News Agency of Nigeria (NAN), reports that the All-Share Index declined by 29.26 points or 0.10 per cent to close at 30,773.64 against 30,802.90 on Thursday. In the same vein, the market capitalisation which […]
The post NSE: Crucial indices down by 0.10% as profit taking persists appeared first on Tribune Online. …