Stock Market Extends Downturn By N16bn       Transactions in the Nigerian equity market, on Tuesday, closed on a negative note following sustained profit-taking. The market breadth also closed negative, with 14 gainers against 18 losers. Consequently, the All-Share Index dipped 30.62 basis points or 0.09 per cent to...

In Nine Months, 12 Banks Earn N133.92bn From E-payments         Increased investment in technology and the introduction of new online payment channels have earned Nigerian banks N133.92bn. The adoption of electronic channels for financial transactions earned 12 Deposit Money Banks about N133.92bn revenue in the first nine...

Despite COVID-19 Harsh Conditions, Banks’ Profits Rise To N677bn       Despite the economic meltdown caused by the COVID-19 pandemic, the nine months 2020 financial results of 12 commercial banks have shown that they recorded a combined profit of N677.149 billion for the period that ended on...

Stock Market Extends Weekly Gains       Activities on the nation’s equity market last week sustained positive sentiment despite #EndSARS protests that paralysed the economy. The NSE All-Share Index and Market Capitalisation both appreciated by 0.13 per cent to close the week at 28,697.06 and N14.99tn respectively. All other...

GTB, Zenith, UBA Account For N15.88bn Transactions         The most traded stocks on the floor of the stock market last week were United Bank for Africa Plc, Guaranty Trust Bank Plc and Zenith Bank Plc (measured by volume) as they accounted for 88×5.52 million shares worth...

Stocks Record 5.3% Weekly Increase, Investors Gain N740bn       The nation’s stock market recorded an increase of 5.3 per cent last week, with investors gaining N740bn. The Nigerian Stock Exchange All-Share Index and market capitalisation both appreciated by 5.30 per cent to close the week at 28,415.31...