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Nigerian Stock Exchange NSE

Trading reverses negative mood, indices up 0.29 per cent

The Nigerian Stock Exchange (NSE) on Friday recorded growth with the market capitalisation increasing by N37 billion to change the bearish posture it maintained in the last four days.

Woman charged with hacking bank account, stealing N16 million

An Odogbolu, Ogun State-based businesswoman, Wuraola Folashade Oluloye, accused of hacking a First Bank Plc account and stealing a customer’s N16.2million, was on Tuesday brought before an Igbosere Magistrates’ Court, Lagos.

NIRSAL secures fresh N4.5 billion from three banks for farmers

The Nigerian Incentive-Based Risk Sharing System for Agricultural Lending has secured a total of N4.5bn from four Deposit Money Banks for the cultivation of maize and soybeans in three states.
Aliko Dangote

Aliko Dangote: Why Nigeria’s economy cannot grow

The President of the Dangote Group, Aliko Dangote, says the availability of consumer credit facility is an important option in fighting corruption in the country.

Bank customers decry poor ATM services during Sallah

Bank customers in the Federal Capital Territory (FCT), on Tuesday decried poor network and insufficient funds in most Automated Teller Machines (ATMs).
Nigerian Stock Exchange NSE

Profit taking: NSE market indices decline by 0.17 percent

The crucial market indices of the Nigerian Stock Exchange (NSE) dropped by 0.17 per cent on Thursday after the work-free day to mark the May 29 inauguration date.

MTN Nigeria records first loss after listing, amid profit taking

MTN Nigeria Communications on Friday recorded its first price loss on the Nigerian Stock Exchange after listing on May 16.
Minister of State for Mines and Steel Development, Abubakar Bwari

Abubakar Bwari: Mining sector to collaborate with financial partners to revamp sector

Alhaji Abubakar Bwari, the Minister of State, Mines and Steel Development, said that the government would continue to collaborate with International financial partners to revamp the sector.
Nigerian Stock Exchange NSE

Trading maintains bearish trend on stock exchange, down by 0.74 per cent

The Nigerian equities market commenced trading for the week on Monday still on a bearish trend with the market indicators dropping by 0.74 per cent.
The Economic and Financial Crimes Commission (EFCC) says an investigation is ongoing on the seized $2.8 million at Akanu Ibiam International Airport, Enugu.

Man convicted over N13 million pension fraud

The Economic and Financial Crimes Commission, EFCC, Enugu Zonal office, today April 8, 2019, secured the conviction of a pension fraudster, Akpudili Christian Anayo before Justice K.I Okpe of the state High, court Enugu, sitting in Enugu State.
Nigerian Stock Exchange NSE

NSE market capitalisation drops below N11 trillion mark

Weekly trading on the Nigerian Stock Exchange (NSE) resumed on Monday on bearish note with the market capitalisation dropping below N11 trillion mark amid price loses by some blue chips.
Nigerian Stock Exchange NSE

NSE moves 131.43 million shares worth N1.40 billion in bearish trading

Investors at the Nigerian Stock Exchange (NSE) on Wednesday traded a total of 131.43 million shares valued at N1.40 billion exchanged in 2,786 deals, the News Agency of Nigeria (NAN) reports.
Mary Uduk - The Securities and Exchange Commission (SEC) has urged investors with multiple shareholding accounts to regularise such before December 31, 2019.

SEC awaits MTN’s application to list on NSE

The Securities and Exchange Commission (SEC) last Friday said it was still awaiting the formal application of telecommunication giant, MTN to list its shares on the Nigerian Stock Exchange (NSE).

SURE-P fund: I don’t know how 18 pages disappeared from Bank statement – witness

A witness in the ongoing trial of a United Kingdom-based Professor of Neurology, Reuben Obaro, and his wife, Ayodele Obaro, a practising nurse, also in the UK, on Monday told a High Court of the Federal Capital Territory sitting in Zuba, Abuja, that he does not know how 18 pages disappeared from the bank statement tendered in court in respect of the trial.
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

NSE: Market capitalisation inched N383 billion on CCNN merger shares

The Nigerian Stock Exchange (NSE) on Monday listed the supplementary shares of Cement Company of Northern Nigeria (CCNN) following its merger with BUA Group’s Kalambaina Cement Company.
Buhari Media Organisation (BMO)

MTN fine: BMO tells senate to face its core duties

The Buhari Media Organisation (BMO) has advised the Senate to desist from interfering with the executive in running of state affairs but to concentrate more on its duties of providing adequate legislation for the growth of the nation.
Stanbic IBTC

Stanbic IBTC inaugurates Africa-China banking centre

In a move aimed at offering Nigerian and Chinese clients a business-to-business networking and personal advisory service and also help them to access and unlock opportunities in Nigeria-China trade, Stanbic IBTC Bank Plc has commissioned an Africa-China Banking Centre (ACBC) in Lagos.

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Nigeria’s Super Falcons argue with the referee after VAR declared France must retake a penalty

IFAB: Goalkeepers at Women’s World Cup will not be booked for stepping off line...

Goalkeepers at the ongoing FIFA Women’s World Cup in France will not be booked for stepping off the goalline during penalty shootouts to reduce the likelihood of them being sent off.
Alhaji Atiku Abubakar, presidential candidate of the Peoples Democratic Party (PDP) in the 2019 elections, has re-affirmed his commitment to restructuring if elected on Feb. 16.

PDP BoT: Courts must decide on Atiku’s petition considering foreign reports

The Board of Trustees (BoT) of the Peoples Democratic Party (PDP) have asked the Tribunal handling its 2019 presidential candidate, Atiku Abubakar’s petition to deliver justice based on available facts.
Egypt supporters make their way to the stadium ahead of the opening football match in the 2019 Africa Cup of Nations (CAN) between Egypt and Zimbabwe at Cairo International Stadium on June 21, 2019. (Photo by Khaled DESOUKI - AFP)

Robust security in place for start of Cup of Nations

A vast security operation greeted tens of thousands of largely red-clad supporters in Cairo ahead of Friday’s opening match in the Africa Cup of Nations, with the tournament kicking off against a backdrop of terror attacks and only days after the death of former Islamist president Mohamed Morsi.
Nigeria Police

Police arrest two Boko Haram commanders in Borno

Police in Borno on Friday, said they had arrested two “high profile’’ Boko Haram commanders believed to have participated in attacks on security locations in Nigeria and Cameroon.
[FILES] US Secretary of Treasury Steven Mnuchin walks in the Rose Garden of the White House after listening to US President Donald Trump speak during an event in Washington, DC, June 14, 2019. (Photo by SAUL LOEB - AFP)

US poised to tighten sanctions on Iran over terror financing

The United States is set to increase pressure on Iran for failing to head off funds to terrorists, threatening new sanctions if Tehran fails to comply, Treasury Secretary Steven Mnuchin said Friday.