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Investors Gain N1.7trn as Banking, Industrial Shares Soar

Investors Gain N1.7trn as Banking, Industrial Shares Soar   Investors gained approximately N1.70 trillion at the close of Thursday’s trading, as broad-based sectoral advances lifted equities and pushed the benchmark index to a fresh weekly high on the Nigerian Exchange Limited. Market capitalisation rose to N123.93 tn...

Banking and Insurance Stocks Boost NGX by N403bn

Banking and Insurance Stocks Boost NGX by N403bn   The Nigerian stock market extended its bullish momentum on Thursday as the Nigerian Exchange Limited recorded a gain of N403bn, driven by renewed investor interest in insurance and banking stocks. At the close of trading, the market capitalisation...

CBN: Currency Outside Banks Outpace Nigeria’s Total Circulation By 93%

According to the Central Bank of Nigeria (CBN), the total amount of currency in circulation has reached N4.14 trillion, with N3.87 trillion outside the banking system. As a result,

EFCC: NDIC, CBN Should Monitor Banks To Prevent Economic Fallout

EFCC: NDIC, CBN Should Monitor Banks To Prevent Economic Fallout According to Ola Olukoyede, the chairman of the Economic and Financial Crimes Commission (EFCC), the Nigeria Deposit Insurance Corporation (NDIC) should keep a close eye on banks across the country to avoid failure and its...

EFCC: NDIC, CBN Should Monitor Banks To Prevent Economic Fallout

EFCC: NDIC, CBN Should Monitor Banks To Prevent Economic Fallout According to Ola Olukoyede, the chairman of the Economic and Financial Crimes Commission (EFCC), the Nigeria Deposit Insurance Corporation (NDIC) should keep a close eye on banks across the country to avoid failure and its...

BDAN Director Seeks Policy Implementation To Improve Sector Growth

BDAN Director Seeks Policy Implementation To Improve Sector Growth In order to support the growth of the banking industry, the Bank Directors Association of Nigeria (BDAN), headed by Mustafa Chike-Obi, the Chairman of the Board of Directors, has called for collaborative policies. The association made the...