Fidelity Bank bolsters earnings; beats analysts’ consensus estimates. Fidelity Bank Plc has set quite a steep performance record as the leading retail lender bolster earnings to beat consensus analysts' estimates.
'Stimulus bailouts worth 2% of GDP measly to stem potential shocks from crisis'. Cardinalstone Partners, an investment banking firm has said policy responses to the recent development in the economy is likely to provide calming effects.
Banks hack retail customers’ dollar spending limits by half. Deposit money banks in Nigeria have started to low down dollar spending limit on debit cards due to paucity on greenback in the economy.
COVID-19: SEC in lockdown mode for capital market activities  The Securities and Exchange Commission (SEC), has suspended the registration of prospective capital market operators till further notice. The commission also introduced electronic filing and processing of applications by Capital Market Operators (CMOs) in response to the effect of COVID-19. A statement by Efe...
COVID-19: Analysts say CBN's stimulus measure marginal on economy as MPC holds rates The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) has bucked the world central bankers' policy trend, hold policy rates amid COVID-19. The Committee has unanimously voted for a hold of the policy rates, as...
Stock market beats COVID-19 fear, gains N20.9 billion There was a bullish run in the stock market today amid rising coronavirus cases. Equities appreciated N20.9 billion, thus pushed market capitalisation to N11.329 trillion. The market trend strong on the back of 9.5% gains in NPFMCRFB, 9.4% in STANBIC and 8.9% in...
COVID-19: A time for opportunistic buys? The global economy and financial markets have been roiled by the global pandemic of the coronavirus following its outbreak in Wuhan, China in February 2020. Number of cases across the globe have climbed to over 250,000 cases with over 10,000 deaths. Global supply chains have been...
Dangote Cement goes to market for series 1 bonds issuance   Dangote Cement Plc. has stated intention to raise bond from its N300 billion shelf registration programme. The company is raising the fund to refinance existing short term facilities. The largest quoted company on the Nigerian Stock Exchange said it has...
Treatments for COVID-19: Drugs being tested against coronavirusCOVID-19, pandemic virus that has not only brought the world on its knees but as well wreaks havoc on the global economy. Health experts around the world see coronavirus with code name COVID-19 as global fight, the war that must be won altogether. Finding...
COVID-19: NSE to shut trading floors, activate 30-day remote working plan As COVID-19 continues to knock off value from the global market, the Nigerian Stock Exchange (NSE) said the local bourse will temporarily close the trading floor from March 25. However, the bourse will engage in 30-day remote trading plan from...