Stock Market Begins Week Positive, Gains N28bn   The market capitalisation of the Nigerian Exchange (NGX) yesterday rose by N28 billion amid sustained investors bargain hunting in 28 stocks. The NGX All-Share Index (ASI) increased by 42.71 basis points or 0.10 per cent to close at 43,897.13...

Foreign Airlines Threaten Withdrawal As Stuck Funds Hit N328bn   Foreign airlines operating in and out of Nigeria have taken their protest to the Central Bank of Nigeria (CBN) over difficulties in repatriating accumulated funds, now in excess of $800 million (N328.8 billion). The airlines, about 30...

Stock Market reverses Losses As Capitalisation Rises By N28bn     Investors’ renewed appetite for some blue-chip stocks may have helped the Nigerian equities market to reverse losses thus, causing market capitalisation to increase by N28 billion. Specifically, the All-Share Index (ASI) increased by 55.50 absolute points, representing...

Stock Market Gains N28bn In Two Weeks   Shareholders of quoted firms on the floor of the Nigerian Stock Exchange recorded a gain of N28bn during the first two weeks of lockdown over the COVID-19 pandemic ravaging the country. Market watchers had speculated that the announcement by...

Accountant General, Customs CG Clash Over N28bn Unremitted Fund   The Comptroller-General of the Nigeria Customs Service, Col. Hameed Ali (retd.), on Thursday disagreed with the Accountant-General of the Federation, Ahmed Idris, over the N28bn allegedly under-remitted into the Federation Account in 2015. Ali and Idris appeared...

NDIC Recovers N28bn Debt, Pays Insured Depositors Of Failed Banks N11.50bn   The Managing Director and Chief Executive, Nigeria Deposit Insurance Corporation (NDIC), Alhaji Umaru Ibrahim yesterday said a total of N11.50 billion had been paid to depositors, creditors, shareholders and other stakeholders of closed financial...