Author: Marketforces Africa

NSE records consistent increase in FPI net outflow in Q1 2020

GUINNESS Nigeria: Vetiva, Afrinvest give opposing rating, same day

NCDC records 170 new cases of COVID-19, as total number of infections hit 2558

Stock market investors record 14.24% year to date loss

Agusto forecasts 13% NPL, says Banks exposures to vulnerable industries threaten assets quality

CBN, Bankers’ Committee ask Banks to halt lay-offs The Central Bank of Nigeria and the Bankers Committee have halted move by deposit money banks to lay off some members of staff as result on going lockdown in the economy. Reacting to the right sizing move in the banking sector, the CBN has hence demands that no bank shall retrench without approval. In a statement, the CBN stated that a special meeting of the Bankers’ Committee was convened on May 2, 2020. The objective of the meeting was to further review the implications of the COVID-19 pandemic on the Nigerian banking…

President Buhari appoints NAICOM, NDIC board members

Zenith Bank: equity analysts maintain strong Buy rating on excellent balance sheet

7 Blue chips companies account for 71% of stock market capitalisation in April

9.5 million Nigerians use First Bank’s *894# USSD banking service — Official