At the close of trade, price declines in ZENITH (-2.1%), GUARANTY (-1.1%) and ACCESS (-1.7%) dragged the All-Share Index down 14bps to 21,300.47. Consequently, YTD return settled at -20.6% while market capitalisation decreased ₦15.8bn...
Today we face economic upheaval potentially more severe than we witnessed during the global financial crisis. The coronavirus pandemic is a different kind of shock. Never...
The Central Bank of Nigeria (CBN), has put on hold clearing in the Nigerian financial system. CBN said that all deposit money banks in the country...
As part of proactive efforts to ease banking worries during the ongoing Coronavirus outbreak in Nigeria, foremost financial institution, Union Bank, has introduced a 24-hour toll-free...
Central Bank of Nigeria CBN has assured Nigerians that there will be uninterrupted banking services during the lockdown in Lagos, Abuja and Ogun state. The apex...
Today, the domestic equities market declined 243bps to 21,330.79 points following sell-offs in MTNN (-10.0%), ZENITH (-5.2%) and GUARANTY (-3.0%). Consequently, YTD return fell to -20.5% while market capitalisation decreased ₦276.7bn to ₦11.1tn. Activity level...
Ecobank Nigeria says it is committing about a hundred million Naira to drive its National Radio Campaign “StaySafeNigeria”, being part of its corporate actions to support measures to check...
As the Federal Government, through the Federal Ministry of Health and the Nigeria Centre for Disease Control (NCDC), intensifies effort to check the spread of the...
Prices of shares at the Nigerian Stock Exchange maintained a positive trend with the indices appreciating further by 0.48 percent. Specifically, the All-Share Index which opened...
International Monetary, Financial Committee Chair Lesetja Kganyago and International Monetary Fund Managing Director in a joint statement have said that although the greatest health impact has...
African Development Bank (AAA) has raised an exceptional $3 billion in a three-year bond to help alleviate the economic and social impact the Covid-19 pandemic will...
United Bank for Africa Plc (UBA) has donated over N5 billion, through the UBA Foundation, to catalyse a comprehensive pan-African response to the fight against the...
Today, the benchmark index appreciated 13bps to 21,757.47 points due to buying interest in banking stocks – GUARANTY (+5.3%), ACCESS (+9.8%) and UBN (+10.0%). Consequently, YTD return settled at -18.9% while market capitalisation increased...
Five US federal financial regulatory agencies have jointly encouraged banks, savings associations and credit unions to offer responsible small-dollar loans to consumers and small businesses in...
Union Bank, one of Nigeria’s foremost financial institutions has announced a $130,000 (N50million) donation to tackle the spread of the Coronavirus pandemic in Nigeria. The donation...