Stock Investors Gain N390bn, Market Cap Almost N19trn         Equity trading on the floor of the Nigerian Stock Exchange, on Thursday, closed on a positive note with a gain of N390bn as the bulls recaptured trading activities. The key market performance indices, NSE All-Share Index, appreciated by...

Profit Taking Persist On NSE, Market Capitalisation Loses N232bn         The Nigerian stock market closed on a negative note for the fourth straight session on Thursday with the market capitalisation losing N232 billion. Specifically, the market capitalisation which opened at N18.304 trillion dipped N232 billion to close...

Six Lending Banks Boost Economy With N1.3trn Credit In 2020         Efforts to grow the nation’s economy has received a boost from the banking sector as six leading banks injected additional N1.337 trillion through loans and advances to their customers across all sectors of the economy...

Nigerian Equities Sustain Rally With N137bn Gain       After netting N2.35 trillion in capital gains in November, Nigerian equities at the weekend closed with net capital gain of N137 billion, sustaining a positive outlook that has seen Nigerian stocks as one of the most globally competitive...

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...