weekly FX turnover

I&E FX Segment Reports Weekly Turnover of $1.1bn

September 6, 2021
By Sodeinde Temidayo David The total value of transactions recorded at the Investors and Exporters (I&E) window of the foreign exchange (FX) market in Nigeria increased by 33.9 per cent or $269.4 million last week, analysis by Business Post has shown. According to data tracked on the FMDQ Securities Exchange between Monday, August 30 and Friday, September 3, indicated that
Local Stock Exchange

Weekly Transactions on Local Stock Exchange Grow 30.41%

September 6, 2021
By Dipo Olowookere The volume of transactions witnessed at the local stock exchange last week increased by 312 million units or 30.41 per cent to 1.338 billion units from 1.026 billion units. Business Post reports that these trades were valued at N8.7 billion executed in 19,830 deals compared with the preceding week’s N8.2 billion carried out in 18,102 deals. Transcorp,
Stanbic IBTC IDE

Stanbic IBTC Raises Interim Dividend to N1 Amid 50% Drop in Profit

September 6, 2021
By Dipo Olowookere The board of Stanbic IBTC Holdings Plc has recommended the payment of an interim dividend of N1 for the first half of 2021, higher than the 40 kobo paid in the same period of 2020. The proposal was contained in the financial statements of the lender released to the Nigerian Exchange (NGX) Limited on Monday. The cash
NASD investors

NASD Investors Lose N1.3bn in 35th Trading Week

September 6, 2021
By Adedapo Adesanya The 35th trading week of this year at the NASD Over-the-Counter (OTC) Securities Exchange closed on a negative note with a 0.20 per cent loss. This caused the wealth of NASD investors to deplete by N1.3 billion during the five-day trading week to N638.75 billion from N640.05 billion in week 34, according to data obtained by Business
N1.9trn Trade Deficit

Nigeria Records N1.9trn Trade Deficit in Q2 2021

September 6, 2021
By Ashemiriogwa Emmanuel Nigeria recorded a trade deficit of N1.87 trillion (approx N1.9 trillion) in the second quarter of this year, the latest National Bureau of Statistics (NBS) data on Foreign Trade in Goods Statistics (Q2 2021) has revealed. This happened as the total value of imported goods from April to June exceeded the total amount of goods that left

Politics

Industrial and General Insurance IGI

IGI Targets Retail Insurance Market After Reshuffle, Shareholders Greenlight

March 28, 2024
By Adedapo Adesanya Industrial and General Insurance (IG) Plc has announced efforts to target Nigeria’s underserved retail insurance market as part of strategy to revitalize the company and drive future growth. This was among resolutions reached at its Annual General Meeting (AGM) held on the March 1, 2024, at the IGI House in Abuja, where shareholders ratified new board members,

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stanbic ibtc bank

Stanbic IBTC Holds Talks with CBN Over Fine

By Dipo Olowookere The management of Stanbic IBTC has reacted to the N1.88 billion fine imposed on it by the Central Bank of Nigeria (CBN) on Wednesday for its part in the illegal repatriation of about $14 billion from Nigeria to South
August 30, 2018

MTN Vows to Defend CBN Fine

By Dipo Olowookere Leading telecommunication company in Africa, MTN, says it will defend the fine slammed on it by the Central Bank of Nigeria (CBN). On Wednesday, the apex bank found the MTN Nigeria guilty of illegally moving funds from the country
August 30, 2018

Guinness Nigeria 2018 FY Results Show 249% Rise in Profit

By Dipo Olowookere Guinness Nigeria Plc on Wednesday released its financial results for the 2018 fiscal year ended June 30, 2018. It the financial accounts, the leading brewery firm in the country delivered a solid performance in the period under review. According
August 30, 2018
T-bills yields

T-Bills Yields Drop 0.20% as CBN Sells N207b Fresh Bills

By Dipo Olowookere The treasury bills market was bullish on Wednesday as investors heavily participated in the primary market auction conducted by the Central Bank of Nigeria (CBN). The apex bank offered fresh T-bills worth N207 billion to investors, which it eventually
August 30, 2018

H1 2018: UBA Delivers Double-Digit Growth in Gross Earnings

**Declares Interim Dividend of 20 Kobo Per Share By Modupe Gbadeyanka Leading financial institution in Africa, United Bank for Africa Plc (UBA) on Wednesday released its much-awaited audited 2018 half year financial results, showing strong growth across key performance metrics as well
August 29, 2018
facebook south africa

Facebook Rolls Out Video Service Globally

By Modupe Gbadeyanka Social media giant, Facebook, with the aim of giving people around the world a new way to discover great videos and interact with friends, content creators and other fans, has made its video-on-demand service, Facebook Watch, available globally while
August 29, 2018
Nigerian Stocks

Nigerian Stocks Give up Early Gains to Close 0.44% Lower

By Modupe Gbadeyanka The early gains recorded by the Nigerian Stock Exchange (NSE) on Wednesday evaporated towards the closing period of the market. The market was looking to sustain the growth it posted yesterday, but selloffs in some large-cap stocks dragged the
August 29, 2018

H1 2018: Access Bank Suffers 11.9% Drop in PBT, PAT Flat

By Modupe Gbadeyanka Access Bank Plc on Wednesday, August 29, 2018, released its financial statements for the period ended June 30, 2018. In the highlights of the financial scorecard, the lender posted a 11.92 percent decline in its profit before tax, closing
August 29, 2018

Asian Equities Finish Higher Amid Cautious Trading

By Investors Hub Asian stocks struggled for direction before finishing mostly higher in cautious trading on Wednesday as investors awaited cues from high-stakes talks between the U.S. and Canada as well as China?s official factory PMI due on Friday. Canada’s Foreign Minister
August 29, 2018