Stronger laws empower NDIC to enforce bank liquidation mandate
Stronger laws empower NDIC to enforce bank liquidation mandate The Nigeria Deposit Insurance Corporation (NDIC) is now operating under stronger, more effective laws to execute its mandate to liquidate banks, according to its managing director and chief executive, Thompson Oludare... Read More →
Wema Bank lists N49.99bn shares on NGX
Wema Bank lists N49.99bn shares on NGX The Nigerian Exchange Limited has revealed that Wema Bank has listed about N49.99bn worth of shares on its Daily Official List. In its weekly report, the NGX disclosed that an additional 4,545,454,542 ordinary... Read More →
N160bn offer: FCMB highlights 400% share surge
N160bn offer: FCMB highlights 400% share surge As it seeks to raise an additional N160bn through an offer for subscription, FCMB Group has highlighted the 400 per cent returns on its share price in five years. According to a statement... Read More →
Investors lose N2.83tn on NGX amid Trump threat
Bearish sentiment was sustained on the Nigerian Exchange Limited over the past week, leading to the market closing in the red, with investors losing N2.84tn, a 2.90 per cent decline in market capitalisation. The All-Share Index also declined by 2.99... Read More →
Stock market closes weaker amid sell pressure, as profit-taking persists
Stock market closes weaker amid sell pressure, as profit-taking persists The Nigerian Exchange (NGX) ended trading, last week, on a weaker note extending the bearish trend as investors continued profit-taking and cautious repositioning across major sectors. The negative performance, according to... Read More →