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NGX equity market rebounds by N467bn

The Nigerian Exchange Ltd. (NGX) on Thursday posted a first week gain with the market capitalisation rebounding by N467 billion, amid renewed interests by investors. Specifically, the market capitalisation which opened at N55,058 trillion, gained N467 billion or 0.84 per cent, to close at N55,525 trillion. The All-Share Index also advanced by 813.3 points or
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Stock market indices reverse positive trend, down by 1.5%

The stock market closed trading on Tuesday on a negative note, due as the losses in stocks of Tier-one banks. Consequently, All-Share Index fell by 1.5 per cent or 1,564.52 to close at 103,110.15, compared with 104,674.67 posted on Monday Similarly, investors lost N857 billion or 1.5 per cent, making the market capitalisation, which opened at
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CBN Exempts MfBs, PMBs from Cash Limit Policy

Kindly share this postCentral Bank of Nigeria (CBN) has exempted Microfinance Banks (MfBs) and Primary Mortgage Banks (PMBs) from the cash withdrawal limit policy compliance. In a circular to banks and other financial institutions signed by Must Jimoh, CBN director, Payment System Management Department, Microfinance banks and primary mortgage banks do not need to comply […]
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