Ghana suspends FX trading licences of First Bank, GTBank over fraud
The Bank of Ghana has suspended the foreign exchange trading licences of two Nigerian banks operating in the country — Guaranty Trust Bank and First Bank — over “fraudulent documentation”…
#EndSARS: CBN accuses campaigners of terrorism, says funds in their accounts might have been linked to terrorist activities
The Central Bank of Nigeria (CBN) sought an ex parte order to freeze the account of 20 members of the #EndSARS campaigners after telling a Federal High Court in Abuja…
Dangote Cement, Zenith Bank, others push market capitalization by N130bn
Sentiments remained positive on the Nigerian Stock Exchange (NSE) on Wednesday, with the market capitalisation growing by N130 billion due to gains by Dangote Cement. Specifically, the market capitalisation inched…
Stock market goes bearish but Zenith Bank, others see high volume sales
Sell pressure recorded by highly capitalised stocks forced the Nigerian Stock Exchange (NSE) market indices to close negative on Tuesday. Consequently, the crucial market indicators dipped 0.53 per cent, amid…
Emerging Nigerian businesses to get a boost as MTN Nigeria signs 7-year N200bn medium term facility
MTN Nigeria Communications Plc has signed a 7-year N200 billion Medium Term Facility with a consortium of seven banks to fund emerging businesses in Nigeria. The Chief Executive Officer, MTN…
UBA, First Bank, others pay N144.99m fine for offences in 2018
Seven banks quoted on the Nigerian Stock Exchange (NSE) paid N144.99 million as fines to regulators in 2018 for various contraventions. Investigations by the News Agency of Nigeria (NAN) indicated…
Nigeria equity market extends negative outlook, down by 0.35%
The Nigerian Stock Exchange (NSE) extended negative outlook for the second consecutive day with crucial market indices dropping further by 0.35 per cent amid profit taking. Specifically, the All-Share Index…
4 commercial banks donate N980 million to the Nigerian Police in 2017
Four commercial banks donated a total of N980 million to the Nigerian Police Force in 2017 to support its activities, with the banks incurring the wrath of their shareholders. Checks…
Activities maintain negative trend on Nigeria Stock Exchange
May 21, 2018 Activities on the Nigerian Stock Exchange (NSE) opened for the week on Monday still on negative posture with the market indicators losing 0.12 per cent and value…
Nigeria Stock Exchange: Trading resumes May with 0.09% growth
May 2, 2018 The Nigerian Stock Exchange (NSE) resumed trading for the month on Wednesday after the public holiday with a marginal growth of 0.09 per cent. The News Agency…