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 By N390bn         Transactions on the Nigerian stock market last week sustained positive sentiment as the All-Share Index and market capitalisation appreciated by 2.19 per cent to close the week at 34,885.51 and N18.23tn respectively. Similarly, all other indices finished higher, with...

NSE Gains N144bn On Blue-chip Firms           Equity trading on the floor of the Nigerian Stock Exchange (NSE) on Tuesday closed on a positive note with a gain of N132bn as the bulls recaptured trading activities after three days’ downturn. The market performance indices, NSE All-Share Index,...

Income Tax Revenue Lags Behind Fed Govt Projections         Amidst various pressures on the Federal Government’s finances and 2020 budget’s revenue estimates, an indication has emerged that the government has already recorded a 25.3 per cent shortfall in Company Income Tax, CIT, in the first six...

Stock Market Ends Weekly Gains, Investors Lose N470bn       Activities on the floor of the Nigerian Stock Exchange closed on a negative note last week as the All-Share Index and market capitalisation depreciated by 2.57 per cent to close the week at 34,136.82 and N17.84tn respectively. Similarly,...