Equities shed N7bn as banking stocks go bearish The local equities market reversed its previous day’s gains on Tuesday as the benchmark index declined...
N1.23trn bad loans bite as banks’ gross credit tops N20trn Analysts have blamed the woes of Nigerian economy on bad loans in the banking sector....
CardinalStone lists N5b bond on FMDQ CardinalStone Partners Limited has announced the listing of the CardinalStone Financing SPV Plc5 N5 billion Series I Bond...
NGX attracts N13.7bn debut bond of Emzor Pharmaceuticals The Nigerian Exchange Limited (NGX) has announced the listing of a N13.7 billion bond of Emzor...
Rising oil price, falling naira rate push petrol landing cost to N216.31 The twin factors of rising global oil prices and depreciation of the naira...
FBNQuest to businesses: Explore commercial papers, bonds for stable funding FBNQuest Merchant Bank, the investment banking and asset management group of FBN Holdings Plc, is recommending...
Investors recoup N88bn amid depressed stock turnover The Nigerian stock market extended its positive outlook on Tuesday despite the low activity level across trade...
Unity Bank posts N43bn earnings; assets hit N492bn in 2020 Unity Bank Plc has disclosed that it netted N42.71 billion earnings in 2020 as...
UBA grows Q1 2021 profit by 27% The United Bank for Africa (UBA) Plc has reported double-digit growth across most of its major income...
Nigeria’s forex inflow suffers 54% decline in January Inflow of foreign exchange into the Nigerian economy fell significantly in the first month of the...
Trade volume between Nigeria and South Korea crashes by 74% The volume of trades between Nigeria and South Korea plummeted by as much as...
UK considers new digital currency, Britcoin Agency Report Britain is looking into the possibility of creating a digital currency that households and businesses could...
Hard time beckons as FG admits revenues crashing The Minister of Finance, Budget and National Planning, Zainab Ahmed, on Monday admitted that Nigeria’s economy was...
Analysts forecast inflation to print higher rate in April By Olamide Onabanjo Following release of purchasing manager index (PMI) report on Thursday which revealed...
CBN to impose forex restriction on wheat, sugar importation The Central Bank of Nigeria (CBN) is set to impose forex restrictions on the importation...
Investors lose N33bn as bears reclaim NGX floor Negative sentiments resurfaced in the local bourse on Thursday as bears displaced by the bulls the...
To sanction operators frustrating e-dividend The Securities and Exchange Commission has stated that it will continue to engage players in the Fintech space and...
Overnight rate expands on CBN’s OMO auction The overnight lending rate expanded by 275bps to 15.0%, following outflows for CBN’s weekly OMO auction. The...
By FBNQuest Research Negligible changes to our EPS forecasts over the ’21-22f period DangCem delivered strong Q4 ’20 results with earnings up +55% y/y to N86.8bn....
Inflation rises for 19th consecutive months as food prices remain the culprit The latest inflation data released today by the National Bureau of Statistics...