Nigeria’s UPDC to raise N20 billion to pay debt
Nigeria’s UPDC to raise N20 billion to pay debt To further cut down its mounting debt portfolio, UAC Property Development Company, UPSC will raise N20 billion via bond. The…
NSE desists N878.3 million of African Paints, Afrik Pharmaceuticals from official list
NSE desists million of African Paints, Afrik Pharmaceuticals from official list The Nigerian Stock Exchange (NSE), has said its National Council has approved with effect from April 5, 2018,…
Stock market maintains negative trend as ASI down by 0.26%
Stock market maintains negative trend as ASI down by The local bourse maintained a negative close for the second consecutive trading day as the All Share Index (ASI) slid…
FCMB after profit tax rises to N4.6bn
FCMB after profit tax rises to FCMB Group’s today announced its fourth quarter 2017 results which showed a remarkable growth of 123 percent year on year to billion. The…
Ronaldo’s bicycle kick sends Juventus stock to date-month low
Ronaldo's bicycle kick sends Juventus stock to date-month low Juventus Football Club SpA shares fell in Milan to an eight-month low after the team was defeated 3-0 by Real…
Bellwethers drag market performance into negative as ASI down 1.6%
Bellwethers drag market performance into negative as ASI down Losses in market bellwethers Dangote Cement ( percent), Guaranty Trust Bank ( percent), and Lafarge Africa ( percent) dragged the…
Sustained sell-offs in blue chip stocks drag equities downward by 1.97%
Sustained sell-offs in blue chip stocks drag equities downward by Investors remained downbeat on the equities market, as the All Share Index (ASI) recorded its fourth consecutive loss of…
FMDQ admits the N3.15bn LAPO MFB SPV bond to its platform
FMDQ admits the LAPO MFB SPV bond to its platform Corporate institutions have continued to successfully tap the Nigerian debt capital markets (DCM) to access stable long-term finance to…
Profit taking drags market into the red as ASI down by 0.51%
Profit taking drags market into the red as ASI down by Sustained profit taking by investors, dragged the domestic bourse into the red for the third consecutive trading session…
Equity market further recedes, sheds 0.04%
Equity market further recedes, sheds The equity market on Monday opened the week in a bearish position, shedding percent to peg the year to date at percent. Today’s bearish…