The local bourse closed negative today as the All Share Index (ASI) dipped 0.9% to 31,692.63 points while YTD loss worsened to…
Category:
Finance
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EconomyFinanceNews
Afreximbank, African Guarantee Fund sign $30m re-guarantee facility to support African SMEs.
The African Export-Import Bank (Afreximbank) has signed an agreement with the African Guarantee Fund (AGF) for a $30 million re-guarantee facility to…
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BusinessFinanceNews
Ecobankpay offers special end of year discount to shoppers, holiday banking services
Ecobank Nigeria Limited has announced special discount for shoppers using the Ecobankpay option to pay for their goods and services during the…
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The African Export-Import Bank (Afreximbank) has signed a financing agreement with Securiport SUARL, Senegal, to provide Securiport with a $15-million term loan…
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The Central Bank of Nigeria (CBN) said it has resolved the foreign exchange dispute it had with MTN Nigeria. In a statement…
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BusinessEconomyFinanceNews
NEXIM making concerted effort to revive cocoa processing as Sealink will take off soon
At the just concluded Intra Africa Trade Fair, Nigerian Export Import Bank Managing Director, Abubakar Bello spoke to the media about the effort the…
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CoralPay has deployed the first interoperable USSD and mobile payment platform to Nigerians desirous of a seamless and secure payment solution. The…
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FinanceNewsStock Market
Domestic Equities Market: Local Bourse Bucks 4-Week Bearish Performance…ASI up 0.3% W-o-W
This week, increased buying interest in bellwethers – FBNH, NESTLE and DANGCEM – outweighed sell offs in ACCESS, UBN and ETI, hence,…
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Minister of Budget and National Planning, Sen. Udoma Udo Udoma has said in Abuja that the federal government plans to sell parts…
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FinanceNewsStock Market
Buying Interest in Bellwethers Upturns Performance in Local Bourse… ASI Up 32bps
The buying interest in bellwethers – SEPLAT (+6.8%), DANGCEM (+2.2%) and GUARANTY (+0.3%) upturned yesterday’s bearish sentiment as the NSE All Share Index (ASI) appreciated 0.3% to settle at…
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The Boards of Access Bank Plc (“Access Bank”) and Diamond Bank Plc (“Diamond Bank”) said that they have received “No Objection” from…
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Shareholders of Diamond Bank are now at each other’s throat over the proposed merger between Access Bank and Diamond Bank. While some…
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Investors in shares at the Nigerian Stock Exchange have lost N26.5 billion at today’s trading as the prices of shares in the…
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Access Bank PLC has said that it is in talks with Diamond bank to acquire 100 per cent of its shares. The…
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There are strong indication that Access Bank has struck a deal with Diamond Bank shareholders and paid for the bank shares. This…