The Nigerian stock market maintained its positive trend last week, with the Nigerian Exchange Limited All-Share Index (NGX ASI) edging up by 0.11 per cent week-on-week (W-O-W) as the capital market predicted mixed trading in the new trading week..........Read-More

The Monetary Policy Committee of the Central Bank of Nigeria is projected to maintain its inflation-tightening stance at its last meeting of the year in the face of rising inflation.
At its September meeting, the Committee raised the Monetary Policy Rate by 50bps to 27.25 per cent, emphasising concerns over core inflation,..........Read-More

Foreign investors' participation in the first ten months of 2024 closed at N744 billion, far lower than N3.73 trillion transactions recorded by domestic investors within the same period.
The October 2024 edition of the Nigerian Exchange Limited (NGX) report showed that total transaction........Read-More

The Nigerian Exchange Limited (NGX) has solidified its position as a leading hub for capital formation, attracting N5.12 trillion in fresh listings between January and November 2024.
The feat marks a monumental rise from the N183.5 billion recorded..........Read-More

No respite for banks customers in Nigeria as the sector's average maximum lending rate increased to 30.28 per cent as of October 2024, a record since February 2022 when it was at 30.73 per cent.
Maximum lending rates refers to the average of the highest lending rates charged by deposit money banks in Nigeria.........Read-More

As the second set of banks enter the capital market to raise additional funds to meet the new capital base requirement by the Central Bank of Nigeria, rights issues appear to be the preferred option.
Already in the market with a N150bn rights issue is FBN Holdings with 5,982,548,799 ordinary shares.........Read-More

Dangote Cement Plc has announced plans to issue its Series I bonds under its N300bn multi-instrument issuance programme.
This was contained in a recent statement by the company. Dangote Cement Plc said it has obtained approval from its Board of Directors to access medium.........Read-More

The management of Access Bank, the flagship subsidiary of Access Holdings Plc, has faulted a recent viral social media video alleging some missing funds and unethical behaviour.
It noted that ...the safety and security" of customers' funds is a priority.........Read-More