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Nigerian Stock Exchange NSE

NSE: All-Share Index drops marginally by 0.06 per cent in cautious trading

Trading resumed on the nation’s bourse for the week on Monday still on a negative trend, declining marginally by 0.06 per cent in a cautious trading.

PDP: Governor Okorocha withdrew N17 billion from banks in three days

The Imo State chapter of the Peoples Democratic Party has accused Governor Rochas Okorocha of withdrawing N17bn from four banks in three days and converting government property to personal use.

Access Bank secures $162.5 million loan

Access Bank has signed a subordinated syndicated Loan agreement worth $162.5 million (N58.18 billion) to promote growth and job creation.
Nigerian Stock Exchange NSE

Nigeria equity market extends negative outlook, down by 0.35%

The Nigerian Stock Exchange extended its negative outlook for the second consecutive days with crucial market indices dropping further by 0.35 per cent amid profit taking.

Police detain SARS operatives over ‘extortion’

A team of Special Anti-Robbery Squad (SARS) operatives alleged to have illegally arrested, tortured a young man Emmanuel Adegbite and extorted his mother of N434,000 has been detained, the police have said
Nigerian Stock Exchange NSE

Profit taking: NSE market capitalisation loses N20 billion

The nation’s bourse on Wednesday reversed the three consecutive days positive trend with the market capitalisation dropping by N20 billion.
Diamond Bank

Merger: Diamond Bank launches loan service to reduce financial burden

Diamond Bank Plc has introduced PayDay Loan to ease the financial burden of its customers as part of the benefits from its merger with Access Bank Plc.
Nigerian Stock Exchange NSE

Elections: NSE market capitalization decreases further by N196bn

Trading on the Nigerian Stock Exchange (NSE) on Thursday continued to react negatively to the outcome of the presidential election with the market capitalisation losing N196 billion to close below N12 trillion mark in February.
Nigerian Stock Exchange NSE

Election: Nigeria stock market loses N85 billion in six hours

The market capitalisation of listed equities on Tuesday shed N85 billion in six hours of trading to what traders attributed to profit taking as a result of the presidential poll.

SEC approves Access Bank’s book build for proposed green bond subscription

Securities and Exchange Commission (SEC), the institution in charge of regulating the Nigerian Capital Market has approved the book build in respect of the proposed Green Bond, issued by Access Bank Plc.
Nigerian Stock Exchange NSE

NSE: Trading sways southward, down by 0.14 per cent

The Nigerian bourse swayed southward on Thursday dropping marginally by 0.14 per cent, amid profit taking ahead of the Presidential and National Assembly elections.

Witness: How ex-NIMASA chief used my company to launder N138 million

Justice A. O. Faji of the Federal High Court sitting in Ikoyi, Lagos, on February 19, 2018, heard from prosecution witness, one Fredrick Ugo, how former Director General, Nigerian Maritime Administration and Safety Agency (NIMASA), Patrick Akpobolokemi, instructed Access Bank to illegally transfer N138, 000, 000 (One Hundred and Thirty Eight Million Naira) only to his company, Peniel Engineering Limited’s account.
Nigerian Stock Exchange NSE

Election postponement: Nigeria equity market loses N196 billion in one day

The Nigerian Stock Exchange (NSE) on Monday reacted negatively to sudden election postponement, dropping by N196 billion as predicted by financial experts.
Nigerian Stock Exchange NSE

NSE: Market indices improve by 0.12 per cent

The market indices of the Nigerian Stock Exchange on Thursday recorded marginal growth of 0.12 per cent.

Central bank eases capital pressure on struggling banks

Nigeria’s central bank has given the country’s lenders some much-needed relief by extending the time they will have to implement stricter accounting rules for bad loans.

Banks commit N10 billion loans to firms

First Bank of Nigeria and Access Bank have committed N10 billion loan to firms that have good credit ratings.
Nigerian Stock Exchange NSE

Stocks market gains 1.98%, returns YTD performance back to positive

The Nigerian stocks market yesterday posted a gain of 1.98 per cent, its best performance so far in 2019, to further extend bullish trend to five consecutive trading days and return the year-to-date (YTD) performance to positive after seven months of being negative.
Nigerian Stock Exchange NSE

NSE: Capitalisation gains N229 billion, fueled by 2018 earnings

The indices of the Nigerian Stock Exchange maintained a positive trend on Thursday with the market capitalisation gaining N229 billion in one day, ahead of 2018 earnings season.

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Nigerian Stock Exchange NSE

NSE: Market indices reserve losing streak, up by 0.06 per cent

Trading on the nation’s bourse reversed losing streak on Friday, recording first gain in June with a marginal growth of 0.06 per cent.
Wife of the President, Dr. Aisha Buhari, has claimed that two powerful personalities were frustrating President Muhammadu Buhari’s effort.-1

Aisha Buhari reaffirms commitment to women, children

The First Lady, Mrs Aisha Buhari, has reaffirmed her commitment toward improving the living conditions of women, children and the vulnerable persons in Nigeria.

Niger gets new chief judge

Justice Aliyu Mayaki on Friday took the oath of office as the Acting Chief Judge of Niger state.

Kano government to build Army training center worth N318 million in Falgore forest

Kano State Governor, Dr. Abdullahi Ganduje, said on Friday that the state government would spend over N318 million on the construction of an Army training center in Falgore Forest, which was turned into a hideout by criminals.
Operatives of the Economic and Financial Crimes Commission, EFCC, have arrested seven suspected internet fraudsters at the Sunshine Estate, Gwarinpa, Abuja.

EFCC arrests cyber fraudsters in multiple cross country raids

Operatives of the Economic and Financial Crimes Commission, EFCC, have arrested seven suspected internet fraudsters at the Sunshine Estate, Gwarinpa, Abuja.