Stock Investors Lose N601bn As Sell-off Persists In Market
The weak sentiment in the equities (stock) market and the accompanying sell-off persisted last week with investors losing N601.29 billion.
Particularly, the market capitalization (market value) of all listed equities (shares) fell to N28.268 trillion from N28.869...
FG To De-risk Cashew Value-chain To Boost Production, Export
The federal government has taken immediate steps to maximise and harness the full economic potential inherent in cashew export.
The Executive Director/Chief Executive, Nigerian Export Promotion Council (NEPC), Dr. Ezra Yakusak, said even though Raw Cashew Nut...
Aviation Workers to Strike Over Minimum Wage, Others
Aviation workers’ unions have threatened to withdraw their services over the the Federal Government's refusal to release the reviewed condition of service negotiated over seven years ago.
Other grievances include the non-implementation of the National Minimum Wage consequential...
CBN to Banks: Transfer Funds in Dormant Account to Trust Fund
The Central Bank of Nigeria has proposed that banks should transfer funds in accounts that have been dormant for up to 10 years into a trust fund account.
This is contained in the recently released...
Market Closes Flat After Bearish Trend
The Nigerian Exchange Limited closed flat on Wednesday following days of bearish trading.
At the end of the trading, the All-Share index settled at 51,953.41 points. Consequently, year-to-date returns came in at 1.37 per cent while market capitalisation stood at...
NGX Slams N11.7m Fine On Four Companies Over Default Filings
For failing to file their financial statement after the regulatory due date, the Nigerian Exchange Limited (NGX) has fined about four companies listed on its main board.
According to the Exchange’s X-compliance report, the companies were...
