Investors Stake N16bn On 1.4 Billion Shares       The Nigerian equities market attracted investment inflow of N15.918 billion last week staked on 1.419 billion shares in 18,459 deals. This indicated an increase by 46.3 per cent from the N10.883 billion invested in 1.441 billion shares in 19,614...

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...

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,...

DBN Appoints new Executive Director, Non-Executive Director. The Development Bank of Nigeria (DBN), Nigeria’s primary wholesale development finance institution has announced the appointments of Mrs. Ijeoma Ozulumba and Mr. Kyari Abba Kyari as Executive Director and Independent Non-Executive Director respectively on the board of the...

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...

Fed Govt Records 17.3% Shortfall In Companies’ Income Tax         Against the backdrop of pressures on the Federal Government’s finances and 2020 budget revenue estimates, an indication has emerged that the government may have already recorded a shortfall of 17.3 per cent in the Company Income...