News & Insights

SEC, others launch N1bn funding initiative to support COVID-19 war in Nigeria


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World shipping community confident in Nigeria’s anti-piracy fight

Major stakeholders in the international shipping community have said they are confident of the measures and satisfied with the effectiveness of Nigeria’s efforts to contain piracy and armed robbery on the country’s maritime environment. They also expressed confidence in the abilities of the Director-General of the Nigerian Maritime Administration and […]

Bears sustain pressure on Nigerian Stock Market… ASI down 120bps

The local bourse sustained its downtrend as the All-Share Index dropped 1.2% to 25,816.57 points due to the losses in NESTLE (-10.0%), GUARANTY (-4.6%) and WAPCO (-10.0%). Consequently, the YTD return declined further to -3.8% while investors shaved off ₦218.3bn as market capitalisation fell to ₦13.4tn. Activity level declined as volume and value traded fell […]

Nigerian Stock Market sustains losses, investors lost N30.6bn

Sell-offs in MTNN (-3.5%), ETI (-3.9%) and STERLNBA (-6.0%) dragged the All-Share Index 22bps down to 26,974.38 points. This resulted to a slowdown in YTD return to 0.5% while market capitalisation fell ₦30.6bn to ₦14.1tn. Activity level was depressed as volume and value traded plunged 5.5% and 23.0% to 228.4m units and ₦2.7bn respectively. The most active stocks […]

Banks compromising forex, money laundry act by accepting cash deposit of $400,000

Indication emerged weekend that some Nigeria banks managing directors are in active connivance with money launderers, political expose persons and unscrupulous businessmen who now resort to depositing large some of foreign currencies in cash into their domiciliary account. They are said to buy large sums of dollars and other currencies […]