Investors Gain N150bn As Nigerian Stocks Cut Losses       Investors gained N150bn at the close of trading on the Nigerian Exchange Limited last week as stocks pared their losses. The NGX All-Share Index and market capitalisation appreciated by 0.72 per cent to close the week at 39,481.89...

12 Banks Earned N461.51bn Interest In Three Months       Twelve commercial banks in Nigeria earned a total of N461.51bn in net interest income in the first three months of this year, up from N451.14bn in the same period of 2020. An analysis of data from their unaudited...

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...

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...

Stock Market Sets New Milestone, Crosses N20trn Capitalisation         The market capitalisation of the Nigerian Stock Exchange (NSE) crossed N20 trillion capitalisation for the first time in the history of equity market last week, indicating an inflow of more funds into the market. The bullish sentiment continued...

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...