Economy & Market
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215Local Bourse Reverses Gain as Index down 0.2%
EQUITIES The domestic stock market traded lower in today’s session, driven by sell pressures in STANBIC (-8.8%) and FIDELITYBK (-9.7%). As a...
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217Heritage Bank: NDIC goes after ₦700b Loan Defaulters
The Nigeria Deposit Insurance Corporation (NDIC) has announced that it will pay out insured deposits to depositors of the defunct Heritage Bank...
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236Banking Bellwethers Halt Downtrend
EQUITIES The Nigerian equities market recorded its first positive performance of the week as bargain-hunting in STANBIC (+9.6%) drove the benchmark index...
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274FG Proposes Reduction of Tax Collection Costs
The Presidential Fiscal Policy and Tax Reform Committee has proposed reducing tax collection costs to 1% and introducing daily disbursement of Federation Account...
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236CBN: No Plans to Revoke Additional Banking Licences
Following the recent revocation of the operating license of Heritage Bank Plc, the Central Bank of Nigeria (CBN) yesterday clarified that there...
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250Local Bourse Extends Downtrend
EQUITIES Bearish sentiments continued in the local bourse today as sell pressures on ZENITHBANK (-3.0%) and UBA (-4.1%) undermined market performance. Consequently,...
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226Cardoso Seeks Routine Disclosure of Debt Portfolios
The Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, yesterday called for routine disclosure of debt portfolios and borrowing activities....
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184Fed Govt Offers ₦1b Business Loan at 9% Interest Rate
The Federal Government is offering loan facilities up to N1 billion at a nine per cent interest rate to businesses, including manufacturers,...
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188CBN Lifts Embargo on Fintechs Onboarding New Customers
The Central Bank of Nigeria (CBN) has lifted the embargo placed on fintechs which prevented them from onboarding new customers. Announcing the development...
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251NGX All-Share Index Halts Winning Streak
EQUITIES Trading in the domestic stock market began the week on a negative note as investors sold off FBNH (-4.7%), SEPLAT (-1.3%) and...
