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 Down By N91bn On Profit-taking         The Nigerian equity market, on Thursday, returned to negative territory as investors continued to take profits to increase capital gains. The Nigerian Stock Exchange All-Share Index declined by 0.50 per cent as bargain hunters took profits from gains recorded...

Stock Market Advances With N5bn Gain       The bulls maintained their grip on the market activities, following gains recorded majorly by blue-chip stocks as investors positioned to leverage undervalued stocks. The key market performance measures, the NSE All Share Index and market capitalisation rose by 0.03 per...

Stock Market Gains N59bn On Blue Chip Firms         Nigerian stock market on Thursday returned to green route as the overall performance measures, NSE ASI and market capitalisation, rose further by 0.40 per cent. The market breath closed positive with 21 gainers against 12 decliners. Consequently, the All-Share...

Tribunal Overrules FCMB In N2.5bn Debt The Investments and Securities Tribunal (IST) sitting in Abuja has finally resolved a decade-long cyclical dispute between a stock broking firm, Valueline Securities and Investments Ltd and First City Monument Bank Plc (FCMB) over the repayment of N2.5 billion...