Non-interest financial institution, TAJBank Limited, has signed the completion agreement for the N20 billion second tranche of its N100 billion Mudarabah Sukuk bond programme. The agreement ceremony took place on …
NGX
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Banking, Finance & InvestmentFinance & ServicesInsuranceINVESTMENTMarketsNigeria
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BusinessEconomyFinance & ServicesMarketsOil & Gas
Nigerian Equities Market Hits ₦71 Trillion as Oando, 30 Stocks Drive Gains Amid Oil & Gas Sector Slump
The Nigerian equities market extended its bullish rally on Tuesday as the overall market capitalisation crossed the ₦71 trillion mark, driven by strong performances from Oando Plc and 30 other …
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Banking, Finance & InvestmentBusinessEconomyFinance & ServicesINVESTMENTMarketsNigeriaTrade and Commerce
Nigerian Stock Market Gains N1.71tn in One Week as Investor Confidence Grows
The Nigerian Exchange Limited (NGX) ended the past trading week on a bullish note, recording a sharp rise in investor sentiment that led to a N1.71 trillion boost in market …
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BusinessINVESTMENTMarketsNewsNigeria
Nigerian Stock Market Hits N70 Trillion Milestone as Bulls Maintain Momentum
The Nigerian stock market continued its bullish run this week as investor confidence pushed the market capitalisation of the Nigerian Exchange Limited (NGX) past the N70 trillion threshold for the …
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EconomyFinance & ServicesINVESTMENTMarketsPoliticsSecurity
Shareholders Hail Tinubu’s Economic Reforms, Urge Sustained Action as Administration Clocks Two Years
Shareholders under the Association for the Advancement of Rights of Nigerian Shareholders (AARNS) have commended President Bola Ahmed Tinubu for implementing what they described as bold and necessary economic reforms …
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Banking, Finance & InvestmentFinance & ServicesGOVERNMENTMarketsNigeria
Fidelity Bank Denies Insider Trading Allegation Against MD/CEO Nneka Onyeali-Ikpe, Calls Report False and Malicious
Fidelity Bank Plc has strongly refuted a recent report alleging that its Managing Director and Chief Executive Officer, Dr. Nneka Onyeali-Ikpe, was involved in insider trading and used bank funds …
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Banking, Finance & InvestmentBusinessBusiness InsightsFinance & ServicesINVESTMENTMarkets
Nigerian Stock Market Loses N197bn as Investors Take Profit and Sentiment Weakens
The Nigerian Exchange Limited (NGX) closed last week with a bearish performance, as the equities market lost N197 billion in market capitalisation. This followed weak investor sentiment and profit-taking activities …
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EconomyEnergyINVESTMENTMarketsNigeriaPolicies
NGX Ends Bullish Streak as Investors Lose N202 Billion After CBN Holds Interest Rate
The Nigerian Exchange Limited (NGX) closed last week on a bearish note, breaking its four-week bullish streak, as investors’ wealth declined by N202 billion. This downturn followed the Central Bank …
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BusinessEconomyFinance & ServicesInsuranceINVESTMENTNewsNigeria
AM Best Assigns “B+” Credit Rating to Linkage Assurance Plc, Outlook Stable
Linkage Assurance Plc, a key player in Nigeria’s non-life insurance sector, has received a Long-Term Issuer Credit Rating (ICR) of “B+” (Good) from AM Best, a renowned global credit rating …
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Banking, Finance & InvestmentBusinessEconomyINVESTMENTMarketsNigeriaTrade and Commerce
Nigerian Stock Market Sheds N274bn Amid Sell-offs in Large, Mid-Cap Equities
The Nigerian Exchange Limited (NGX) closed Thursday’s trading session in the red, as widespread sell-offs in mid- and large-cap stocks led to a loss of N274 billion in market value. …