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In Nine Months, 12 Banks Earn N133.92bn From E-payments

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 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 Down By N91bn On Profit-taking

Stock Market Down By N91bn On Profit-taking         The Nigerian equity market, on Thursday, returned to negative territory as investors continued to take profits to increase capital gains. The Nigerian Stock Exchange All-Share Index declined by 0.50 per cent as bargain hunters took profits from gains recorded...

Equity Market Rebounds With N301bn Gain

Equity Market Rebounds With N301bn Gain         The Nigerian equity market on Wednesday closed the market in the green as investors began to take a position on the undervalued stocks. Key market indicators, the NSE ASI grew by 1.68 per cent as market breath closed positive with...

Stock Market Advances With N641bn Gain

Stock Market Advances With N641bn Gain         The Nigerian equity market on Monday closed on a positive note with a gain of N641bn to sustain a positive trend. The market breadth closed positive, recording only 49 losers as against 11 gainers. The key market performance indicators, the NSE...

Equity Market Ends Downturn, Records Marginal Gain

Equity Market Ends Downturn, Records Marginal Gain       Transactions on the floor of the Nigerian Stock Exchange on Tuesday recorded marginal gain to halt four days losing streak. The market breadth closed positive with 18 losers against 15 gainers. Consequently, the All-Share Index gained 6.55 basis points or...