Equities Market The Nigerian equities market declined on the first trading day of the new month, as both NSE ASI and market capitalization decreased by 0.17% respectively, as they both closed at 32,711.65points and N11,942.28tr respectively, at today’s trading activity. Year-to-Date ASI is at a negative of 14.51%. Volume , Value of trades and No…
MTN Group has said it may no longer seek to raise capital through an Initial Public Offering (IPO) on the Nigerian Stock Exchange (NSE) as previously planned, while considering the option of listing its existing shares. The company, which operates the largest telecoms network in Nigeria and Africa, is reconsidering the IPO amid a dispute…
Succor may have come the way of investors on the Nigerian Stock Exchange (NSE), as the Securities and Exchange Commission (SEC) and FSD Africa, at the weekend, sealed a 450,000 euro deal, aimed at strengthening the regulatory structure and investment protection function of the commission. The deal is expected to assist SEC to fund an…
BANKS will tighten lending criteria in the fourth quarter (Q4’18) following increased lending activities in the third quarter (Q3’18) driven by pursuit of market share objectives and improved economic conditions. The Central Bank of Nigeria, CBN, disclosed this in its Credit Conditions survey for the Q3’18 released on Friday. Among other things the report revealed…
The euro climbed against other currencies Wednesday on reports Italy may yield ground over a budget stalemate with the European Union. The common currency EURUSD, +0.2078% EURUSD, +0.2078% rose to $1.1584 from $1.1549, making headway during the Asian trading session after a report in Italian daily newspaper Corriere della Sera that the government’s budget deficit…
The Nigerian Deposit Insurers Corporation says it has recovered N28.84bn from debtors of failed banks. The Managing Director, NDIC, Umaru Ibrahim, said this at the corporation’s Special Day at the ongoing Abuja International Trade Fair on Tuesday. Giving further analysis of the recovered debts, Ibrahim said N21.85bn was realised from the sale of physical assets…
