Stock Market Sheds N130bn, Extends Losing Streak       The market capitalisation of equities listed on the nation’s stock market declined by N130bn last week as negative sentiments persisted amid profit-taking. The Nigerian Stock Exchange All-Share Index closed at 40,186.70 basis points on Friday, down from 40,439.85 a...

Banking Sector Lost N5bn To Fraud In Nine Months - NIBSS       The Nigeria Inter-Bank Settlement System Plc has said that more than N5bn was lost as a result of fraud in the banking sector between January and September 2020. It disclosed this in its NIBSS Insight...

NNPC Cuts Losses In Four Refineries By 53%         The Nigerian National Petroleum Corporation, NNPC, has cut down losses by 53 per cent in the first 10 months of 2020, due to none production in the nation’s four refineries, according to data obtained from its October...

Stock: Investors Lose N660bn As Market Ends Lower       Investors lost N660bn last week as the nation’s stock market closed lower at the end of trading amid lingering profit-taking. The Nigerian Stock Exchange All-Share Index dropped by 3.04 per cent to 40,439.85 on Friday from while the...

NSE: Investors Lose N426bn As 37 Stocks Post Decline       Investors in the nation’s stock market lost N426bn on Wednesday as 37 firms recorded price decline. The market extended its losing streak to the eighth straight trading session amid negative sentiment. The All-Share Index of the Nigerian Stock...

Power Sector Loses N26.4bn To Gas, Grid Challenges         The power sector has continued its sub-optimal performance in January, losing about N26.4 billion in revenues in the first month of the year, mainly due to gas supply issues as well as transmission and distribution challenges in...