Stock Investors Gained N420bn In April       Investors in the Nigerian stock market gained N420bn in April as listed companies began releasing their earnings reports for the first quarter of the year. The market capitalisation of equities rose to N20.85tn as of April 30 from N20.43tn at...

Five Major Banks Post N680bn Bad Loans       Five of the major banks in the country, also known as Tier-1 banks have posted whopping N683bn non-performing loans in the 2020 financial year. According to the financial reports of the banks, released in April this year to the...

CBN Sacks FBN Board over removal of MD/CEO The governor of the Central Bank of Nigeria, Godwin Emefiele, has sacked the entire members of the board of First Bank Holding and First Bank Nigeria Ltd. Emefiele, in his speech broadcasted on national television cited insider abuse,...

Despite COVID-19 Disruptions, Banks Attract N37trn Deposits         Despite the disruptive impact of the COVID-19 and the attendant lockdown, the nine months 2020 financial results of 13 commercial banks have shown that they raked in a total of N36.759 trillion as customers’ deposits. This represented an increase...

Stock Market Gains 7.46%, Highest In Five Weeks         Trading activities on the equity market finished last week on the positive trajectory as the NSE All-Share Index and market capitalisation appreciated by 7.46 per cent to close the week at 36,804.75 and N19.24tn respectively. The local bourse...

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...