Nigerian Equities Market Gains N710bn on Strong Earnings Momentum
The Nigerian equities market sustained its bullish momentum on Tuesday, advancing by 0.56 per cent as investors gained N710 billion.
The upbeat performance was driven...
Despite Rate Cut, CBN’s Monetary Policy Stance Remains Tight – Nigeria Employers’ Consultative Association
The Nigeria Employers’ Consultative Association (NECA) has commended the Central Bank of Nigeria (CBN) for reducing the Monetary Policy Rate (MPR), though it said...
Subscribers in Ellah Lakes’s Public Offer to be Refunded their Money
Ellah Lakes Plc has said that subscribers in its public offer of last year will be refunded their money.
In a statement to the Nigerian...
Nigerian Exchange Flags Unusual Share Price Swings, Urges Caution
The Nigerian Exchange Ltd. has raised concerns over sharp and unusual price movements in shares of some listed companies in recent trading sessions.
In an...
No Repeat of 2008: Afrinvest Boss Warns CBN Against Allowing Banks to Channel Recapitalisation Funds into Stocks
The Group Managing Director of Afrinvest West Africa, Dr. Ike Chioke, has asked the Central Bank of Nigeria (CBN) to closely monitor banks following...