Safeguarding the Future of FBN By Salisu Na'inna Dambatta A group of shareholders of the First Bank of Nigeria (FBN) have cried out over issues that need the attention of the regulators of the country's financial sector in order to safeguard the future of the Bank. The...

Dangote Cement Issues N50bn Bonds For Projects Expansion       Dangote Cement Plc, Africa’s largest cement producer, has announced the successful issuance of N50 billion Series 1 Fixed Rate Senior Unsecured Bonds under the company’s new N300 billion Multi-Instrument Issuance Programme. The company said on Wednesday that the...

In Three Months, 12 Nigerian Banks Lend Customers N690bn       The combined loan portfolio of 12 commercial banks in Nigeria rose by N690bn in the first three months of this year, data collated from their unaudited financial statements show. The loans and advances to their customers grew...

Stock Investors Lose N600bn, Market Cap Drops Below N20trn       Investors in the Nigerian stock market lost N600bn last week as the market capitalisation of equities fell below the N20tn mark. The Nigerian Exchange Limited All-Share Index and market capitalisation declined by 2.93 per cent to close...

Investors Dump Equities Amid Anxieties Over CBN’s Rate Call         Nigerian equities closed at the weekend with a net loss of N604 billion as anxieties over the likely decisions of the Central Bank of Nigeria (CBN) on benchmark interest rate and other monetary policy tools fuelled...

Investors Lose N148bn On NGX In A Session       The Nigerian Exchange (NGX) market capitalisation dropped further by N148 billion, extending bearish run to two consecutive trading sessions. Specifically, the market capitalisation which opened at N20.487 trillion shed N148 billion or 0.72 per cent to close at...