Stock Market Extends Downturn By N16bn       Transactions in the Nigerian equity market, on Tuesday, closed on a negative note following sustained profit-taking. The market breadth also closed negative, with 14 gainers against 18 losers. Consequently, the All-Share Index dipped 30.62 basis points or 0.09 per cent to...

Six Lending Banks Boost Economy With N1.3trn Credit In 2020         Efforts to grow the nation’s economy has received a boost from the banking sector as six leading banks injected additional N1.337 trillion through loans and advances to their customers across all sectors of the economy...

Nigerian Equities Sustain Rally With N137bn Gain       After netting N2.35 trillion in capital gains in November, Nigerian equities at the weekend closed with net capital gain of N137 billion, sustaining a positive outlook that has seen Nigerian stocks as one of the most globally competitive...

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,...