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...

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...

Stock Market Fall By N39bn On Profit-taking       The Nigerian equity market on Monday began the week on a negative note as investors continued to take profits to increase capital gains. The key market performance indicator, the Nigerian Stock Exchange All-Share Index, declined by 0.21 per cent...

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...