Tuesday, March 31, 2020 Oil price plunges to $22, lowest in 18 years The international oil benchmark, Brent crude, plunged to its cheapest in 18 years on Monday as it traded around $22 per barrel. This comes amid growing fears that the global coronavirus shutdown could last months and demand for fuel could decline further…..read…
Wednesday, March 18, 2020 Capital Market Stakeholders Urge FG to Incentivize Commodity Trading The federal government has been urged to incentivize the trading of commodities through the provision of high-quality seedlings to farmers among others, saying it will impact positively on the Nigerian economy…read more Vetiva Projects Higher Revenue, Profit for Dangote Cement in 2020…
Tuesday, March 17, 2020 Zenith Bank pays N87.9bn dividend The shareholders of Zenith Bank Plc have unanimously approved the proposed final dividend of N2.50 per share, bringing the total dividend payment for the 2019 financial year to N2.80 per share with a total value of N87.9bn…read more Wema Bank to support women businesses with grants…
First Bank in merger talks with local, foreign banks First Bank Plc may have opened merger talks with some other Nigerian and foreign banks ahead of the banking industry recapitalisation plan of the Central Bank of Nigeria…read more Oil crash: Nigeria may lose $8.63bn in six months Recession looms, say LCCI, PENGASSAN, NUPENG,…
Stock market falls further, investors lose N329bn Investors in the nation’s stock market lost N329bn at the end of trading on Monday following the commencement of an oil price war amid rising cases of coronavirus…read more Edo considers capital raise from stock market The Edo State Government has said it is planning to raise…
Access Bank Records N115bn Profit, Recommends 40k Final DividendAccess Bank Plc is still savoring the benefits of its decision to merge with former Diamond Bank Plc as the lender recorded improved performance in the year ended December 31, 2019….read more Power sector loses N117.8bn to gas shortage, othersBetween January 1 and March 6, Nigeria’s power…
Forex: Reps probe CBN, FIRS, others over $30bn leakage The House of Representatives has resolved to investigate the Central Bank of Nigeria and the Federal Inland Revenue Service over alleged racketeering in the allocation of foreign exchange to companies…read more How 23 MDAs received N372bn for capital projects A total of 23 Ministries, Departments and…
Thursday, March 5, 2020 Blue-chip stocks push the market higher with N83bn gain The Nigerian stock market on Wednesday sustained the previous day’s positive sentiment with a 0.61 percent gain, following bargain hunting on blue-chip stocks…read more Lagos names FBNQuest financial adviser on debt capital FBNQuest Merchant Bank, the investment banking and…
Wednesday, March 4, 2020 NSE members approve demutualisation resolutions Members of the Nigerian Stock Exchange on Tuesday passed requisite resolutions for the demutualisation of the Exchange at a Court-Ordered Meeting and an Extraordinary General Meeting….read more 11 Plc set to delist from NSE The board of directors of 11 Plc says following its meeting…
Tuesday, March 3, 2020 Consolidated Hallmark opens N1.05bn rights issue Consolidated Hallmark Insurance says it has received the approval of regulators to raise an additional sum of N1.05bn to increase its capital base…..read more. Power distributors’ revenue collection rises to N473bn The revenue collected by power distribution companies in the county hit a new…