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A Non Governmental Organisation (NGO) has called on commercial banks to ensure compliance with the Nigeria Financial Intelligence Unit (NFIU) directive to local government councils on cash withdrawal limit.
MTN Nigeria Communications Plc has risen by the maximum daily allowable price gain of 10 per cent by mid day trading at the Nigerian Stock Exchange (NSE), chalking up a whooping N201.47 billion capital gains in second day of trading at the stock market.
Analysts have said the reduction of the Monetary Policy Rate, also known as benchmark interest rate, may dampen foreign investors in the nation’s stock market.
The Nigerian Stock Exchange (NSE) has held itself accountable to the highest standards regarding sustainability reporting and will continue to do more.
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.
Atiku Abubakar, the presidential candidate of the People’s Democratic Party (PDP), has explained why he rejected the results of Saturday’s presidential elections which saw incumbent President Muhammadu Buhari and candidate of the All Progressives Congress (APC) returned for another four year term in office.
Investors in the nation’s stock market lost N196bn on Monday as equities listed on the Nigerian Stock Exchange declined following the sudden postponement of the general elections.
London’s stock market rallied Tuesday to a new two-month peak, supercharged by a Brexit-hit pound and energy giant BP’s surging annual profits, dealers said.
Some financial experts on Wednesday identified outcome of general elections, direction of monetary policy and US-China trade tension as factors that would shape stock market in 2019.
Trading at stock market was bearish yesterday as losses by 20 equities dragged the Nigerian Stock Exchange (NSE) All-Share Index by 0.21 per cent to close lower at 30, 609.06. Similarly, market capitalisation shed N26.5 billion to be at N11.18 trillion.
Investors’ net worth on the Nigerian Stock Exchange dropped by N581bn in November, amid ‘sell pressure’ ahead of the 2019 general elections and Yuletide celebrations.
Investors traded 450.139 million shares worth N9.397 billion in 2,858 deals compared with 149.653 million shares valued at N2.793 billion exchanged in 3,063 deals the previous day.
A financial expert, Prof. Uche Uwaleke, on Wednesday expressed optimism that the Nigerian stock market would rebound by the second quarter of 2019.
Stakeholders in the Nigerian capital market have urged the federal government to concentrate more on policies that would improve living standards of the people.
An Egyptian court has ordered the arrest of two sons of former President Hosni Mubarak over stock market manipulation, according to state media.
Investors on the Nigerian Stock Exchange (NSE) lost N2.49 trillion or 15.64 per cent between January and July, a development experts attribute to the political uncertainty in the country.
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Forty-five per cent of deaths of children could be prevented through eating of healthy diets, Dr. Mohammed Bello Umar, Permanent Secretary, Federal Ministry of Agriculture and Rural Development, has declared.
Super Eagles head coach Gernot Rohr is satisfied with the performance of his players in Sunday’s 1-1 friendly draw against five-time world champions, Brazil.
Tunisians voted for their next president yesterday in the last round of a series of elections that have tested the young democracy, with citizens rejecting established politicians and a major candidate spending weeks behind bars.
The Federal Government has denied reports of attack on the Nigerian Embassy in Benin Republic.
The British American Tobacco Nigeria Foundation (BATNF) has launched its “Wealth is Here” campaign aimed at changing the mindset of Nigerian youths and igniting the belief that they can flourish in Nigeria by seeking out and creating opportunities for themselves in agriculture.
Kogi state governor, Yahaya Bello, has assured stakeholders and citizens of the state of rancour-free and credible governorship election in the state on November 16.
The planned downsizing comes just weeks after announcing the resignation of its chief executive and the cutting of 4,000 posts citing a weak global outlook.
England stars have agreed to walk off the pitch and abandon the game should they receive racist abuse from the stands in their upcoming internationals.
The Ogun State Governor, Dapo Abiodun, has approved the sum of one million naira as compensation for the family of a deceased officer of the Ogun State Community, Social Orientation and Safety Corps Agency (So-Safe Corps), Kehinde Aigbe, who died recently, after being shot by armed robbers while on duty.
Manchester United are demanding for £25m for forward Alexis Sanchez who is on season-long loan deal at Inter ahead of the summer transfer window.