Capital Market

The Nigerian equity market recovered, gaining N67bn on Tuesday after six consecutive days of losses that resulted in a N1.6tn decline. This resulted in a 0.12 per cent increase in the All Share Index to settle at 95,895.92 points, up from the previous close of 95,781.68 points. Market capitalisation increased …

Investors in the Series I $500 million Domestic FGN US Dollar Bond will get 9.7 per cent dividends, according to the guidelines for the offer which opened yesterday. To participate in the offer, all payments shall only be made into designated accounts through the banking system and electronic transfers. Offer …

The Federal Government has appealed to aviation unions to shelve their plans for a strike over the deduction of 50 per cent of the internal revenue of aviation agencies. In a memo dated August 14, the unions comprising the National Union of Air Transport Employees (NUATE), the Air Transport Services …

First Bank of Nigeria Limited has confirmed the appointment of Olusegun Alebiosu as the substantive Managing Director (MD) and Chief Executive Officer (CEO) of the bank. Updating the Nigerian Exchange Group of recent development within the bank, the company’s Secretary, Adewale Arogundade, in a notice on Wednesday, said the appointment …

The Naira on Friday recorded loss at the official market, trading at N1,483.99 to the dollar. Data from the official trading platform of the FMDQ Exchange, a platform that oversees the Nigerian Autonomous Foreign Exchange Market (NAFEM), revealed that the Naira lost N2.50. This represents a 0.16 per cent loss …

Renowned Investment Banking firm, GTI Group has expressed delight with Nigeria’s music icons, Flavour, Saheed Osupa, DJ Big N, MC Bash and CDQ for identifying with the Nigeria Premier Football League (NPFL). According to the Media Officer of Rangers International of Enugu, Norbert Okolie, he revealed that the presence of …

Nigeria’s Chinwe Egwim joins the Forum of Young Global Leaders, whose members have gone on to become Pulitzer winners, UN Goodwill Ambassadors, CEOs of Fortune 500 companies and heads of state. “For two decades, we have sought out and nurtured young leaders dedicated to improving the state of the world, …

…Reports Profit Before Tax of ₦509.3billion Guaranty Trust Holding Company Plc (GTCO or the Group) has released its Unaudited Consolidated and Separate Financial Statements for the period ended March 31, 2024, to the Nigerian Exchange Group (NGX) and London Stock Exchange (LSE). The Group reported profit before tax of ₦509.3billion, …

Oil prices briefly surged and stock markets slid Friday on reports Israel had carried out retaliatory strikes against Iran, boosting investments deemed safer such as gold. Iran’s state media reported explosions in the central province of Isfahan on Friday, as US media quoted officials saying Israel had carried out retaliatory …

The Managing Director of Financial Derivatives Company Limited, Bismarck Rewane, says the appreciation of the naira against the dollar in the last few weeks is sustainable if the apex bank comes up with, and implement the right policies. The renowned economist, who was on Channels Television’s Politics Today programme during …