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Profit-taking pushes NSE ASI down by 0.84 percent

For traders at the Nigerian Stock Exchange, the third business week in May kicked off recently with more profit-taking by investors, hence leading to a 0.84 per cent or 344.7 basis points in the All Share Index (ASI) which close at 40,677.61 points.

Osun government debuks PDP’s allegation of squandering N6bn

The Osun State Government has described as ‘false, baseless and unfounded’ the allegation of wasteful spending levelled against the administration of Governor Rauf Aregbesola by the opposition party, the PDP last week.

Nigerian Stock Exchange fines seven financial institutions for delayed financial results

The Nigerian Stock Exchange has fined seven financial institutions for not filing their financial results before the regulatory due date.

NSE market capitalisation rebounds by N40 billion

The market capitalisation of the Nigerian Stock Exchange (NSE), on Friday rebound by N40 billion after shedding N72 billion in three preceding days.

Kaduna government, Sterling Bank launch N5 billion housing scheme

The Kaduna State Government and Sterling Bank have agreed to jointly fund a N5 billion mortgage scheme to allow more persons own homes in the state.

Sterling Bank reports N8.5 billion profit in 2017

Sterling Bank Plc on Tuesday reported a profit after tax of N8.5 billion for the financial year ended December 31, 2017.

Kwara Assembly rejects Governor Ahmed’s request for N1 billion loan

The Kwara State House of Assembly on Tuesday stepped down the request of Gov. Abdulfatah Ahmed seeking to access another N1 billion agriculture loan from Sterling Bank for disbursement to poultry and fish farmers in the state.

Nigerian Stock Exchange market indices loses 441.16 points

Transactions on the Nigerian Stock Exchange (NSE) on Wednesday extended downward trend with the All-Share Index losing 441.16 points in one trading day.

Sterling bank takes financial literacy to Imo, hosts Lagos schools

Sterling Bank Plc has taken its financial inclusion drive to the next level with the training of over 20,000 secondary school students nationwide, to mark the 2018 edition of the Financial Literacy Day.

House of Reps to probe alleged diversion of N2bn, $3.8m from sale of PHCN

The house of representatives has resolved to investigate the alleged diversion of N2 billion and $3.8 million interests on the proceeds of the sale of Power Holding Company of Nigeria (PHCN).

Nigeria stock market sustains growth with 0.22 percent

The Nigerian Stock Exchange market indicators on Tuesday sustained growth for the second trading day, growing by 0.22 per cent.

PHCN sale: Reps to probe alleged loss of N2bn, $3.8m interests

The House of Representatives is to investigate the alleged loss of two billion naira and 3.8 million dollars through banks’ non-payment of interests on the proceeds of the sale of PHCN successor companies.

2018: Nine banks to meet new central bank dividend payout policy – report

The SBG Securities (Pty) Limited of South Africa, a wholly owned subsidiary of the Standard Bank Group, has projected that about nine commercial banks in Nigeria would be able to pay dividends this year, despite the adjustment to the dividend payout policy issued by the Central Bank of Nigeria (CBN) recently.

N8bn scam: Court overrules defendant on admissibility of evidence

The Federal High Court in Ibadan on Tuesday overruled a defendant, Kolawole Babalola, on the admissibility of the evidence tendered against him in the N8 billion CBN currency scam case.

Nigerian Stock Exchange market capitalisation hits all-time high

The price rally on the Nigerian Stock Exchange (NSE) continued on Wednesday with the market capitalisation hitting all-time of N16.080 trillion.

Abubakar Suleiman named new Sterling Bank chief

Sterling Bank Plc has appointed Abubakar Suleiman as its new Managing Director/Chief Executive Officer, CEO.

Oil stocks lift Nigerian Stock Exchange indicators by 1.28 per cent

The Nigerian Stock Exchange (NSE) market indicators on Thursday improved by 1.28 per cent due to gains posted by some petroleum equities.

Yuletide: Overwhelming queues at ATMs in Bayelsa

Commercial Banks in Yenagoa, the Bayelsa Capital, on Saturday witnessed heavy influx of customers at many Automated Teller Machines (ATM) centres.

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