IMF may approve Nigeria’s $3.4bn loan today
There are indications that the Executive Board of the International Monetary Fund may approve the $3.4bn loan sought by Nigeria on Tuesday (today). Although the
Category : Finance
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FBN Holdings shareholders endorse N13.64bn dividend in 2019
Shareholders of FBN Holdings Plc on Monday approved a total dividend of N13.64 billion declared by the company for the financial year ended Dec. 31,
NSE market indices resume week with 0.07% rise
Activities in the nation’s bourse on Monday resumed for the week on a positive note with a marginal growth of 0.07 per cent due to
Stock Market Sheds 1.4% as Profit-taking Halts Recovery
Profit-taking in bellwethers such as Dangote Cement Plc, Nestle Nigeria Plc and some banking stocks halted the equities market’s further recovery last week. The market
Polaris Bank Marks First Year with N27.8bn Profit
Polaris Bank Limited has recorded a profit before tax (PBT) of N27.8 billion for the financial year ended December 31, 2019. According to the statement
Dollar sells for N450 in parallel market
The dollar sold for N450 in the parallel market on Friday, showing a shallow and dry reflection of the foreign exchange market. Impact of the
COVID-19: N511bn pension fund investment in stock market at risk amidst foreigners’ exit
An estimated five per cent National Pension Fund (NPF) amounting to over N511 billion invested in the capital market on behalf of the contributors may
COVID-19: Economic fortunes wane as investors lose N168bn
Profit taking in Tier-1 banks stocks as well as declines in Dangote Cement and Nestle, saw a total of N168 billion shaved off from the
Afreximbank Unveils $3m COVID-19 Grant for African Countries
The African Export-Import Bank (Afreximbank) has announced a $3 million grant to complement efforts to combat the COVID-19 pandemic across African countries. Afreximbank President, Prof.
Banks to Resume Cheque Clearance after Lockdown’
Deposit money banks in the country are expected to resume clearing of cheques once the lockdown imposed by President Muhammadu Buhari in two states and
