Five Major Banks Post N680bn Bad Loans       Five of the major banks in the country, also known as Tier-1 banks have posted whopping N683bn non-performing loans in the 2020 financial year. According to the financial reports of the banks, released in April this year to the...

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...

Equity Market Gains N214bn On Blue Chip Firms         Equity trading on the floor of the Nigerian Stock Exchange on Wednesday closed on the positive note with a gain of N214bn as the bulls sustained grip on trading activities. The market performance indices, the NSE ASI appreciated...

Unexecuted Contracts: Senate Indicts NIMASA For N1.5bn Payment         The Senate Public Accounts Committee has sustained the report of the Auditor General for the Federation, which indicted the Nigerian Maritime Administration and Safety Agency of paying N1.5bn to contractors who did not execute projects awarded to...

Stock Market Sustains Positive Sentiment, Gains N235bn         Transactions in Nigeria’s stock market, on Tuesday, sustained positive sentiment as the market capitalisation of equities appreciated by N235bn. The major market performance indices, the Nigerian Stock Exchange All Share Index and market capitalisation, rose further by 1.20 per...

Stock Market Extends Gain With N334bn         Nigerian equity market on Monday sustained its positive outlook as the overall performance measures, NSE ASI and market capitalisation rose further by1.73 per cent. However, market breadth closed flat with 23 gainers against 23 decliners. Consequently, the All-Share Index grew by...