All posts in: Business
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3 years agoNaira falls against dollars, Euro, Pounds at official market ahead of APC’s primary
Nigerian currency, Naira recorded a poor performance against all foreign currencies on Monday ahead of the commencement of the presid...
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3 years agoNGX: Ellah Lakes among top equities as investors pocket N96bn in 8 hours
Stock market gains N96.07 billion, as Ellah Lakes lead gainers list, Japaul Gold head losers, IgbereTV reports Shareholders in the Nigerian...
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3 years agoNaira starts week N419.75 at official market, N608/$1 on black market
The Naira is opening the week at N419.75 against the US Dollar at the Investors and Exporters (I&E) segment of the foreign market (forex), Igbere...
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3 years agoInvestors make N49.8bn as Nigeria’s capital market rebounds from bearish run
Investors in the Nigerian capital market pocketed N49.8 billion following the rise in equity capitalization by 0.17 percent at the close of ...
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3 years agoCBN issues final guidelines for banks’ cash collection centres
The Central Bank of Nigeria (CBN), has issued the final draft of guidelines for setting up Bank Neutral Cash Hubs (BNCHs), IgbereTV reports This is...
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3 years agoHabariPay: GTCO threatens Jumia, Konga‘s grip on Nigeria’s N53.8trn e-payment market
Guaranty Trust Bank (GTB) parent company, Guaranty Trust Holding Company (GTCO), has set off a rivalry with ecommerce companies, J...
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3 years agoForeign investment into Nigeria drops by $1.6bn in Q1, 2022 as investors avoid 30 states
The total value of foreign investment or capital importation into Nigeria dropped on a quarter-on-quarter basis by 28.1 per cent t...
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3 years agoTitan Trust Bank takes over Union Bank. CEO, 9 others resign
The Chief Executive Officer of Union Bank, Emeka Okonkwo, has resigned from the position after Titan Trust Bank Limited completed acquisition of the lender, I...
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3 years agoNaira gains marginally against dollar, exchanges at 419
The Naira on Wednesday exchanged at 419 to the dollar at the Investors and Exporters window, compared to 419. 50 on Tuesday, representing 0.12 per cent appreciatio...
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3 years agoOkomu Oil, Conoil among worst equities as Nigeria’s capital market extends losing streak
Investors in the Nigerian capital market lost N8.69 billion following the dip in the value of shares by 0.03% on Wednesday, Igbe...
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3 years agoHeadache for Nigeria as oil prices soar after EU ban cuts off Russia
It is mixed blessing for the Nigerian economy as prices of crude oil further soared on Tuesday, 24 hours after the leaders of the European Union (EU) ...
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3 years agoNaira crashes to new low as politics takes centre stage
What could save the Naira now would be top on the list for the Central Bank of Nigeria (CBN) as it fell again to a new low at the Investors and Exporters (I&E)...
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3 years agoAbbey Mortgage Bank records N2.17bn operating income
Abbey Mortgage Bank posted N2.17 billion net operating income in 2021, IgbereTV reports However, this was a slight improvement in the company’s fortune after...
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3 years agoStock round-up: Airtel among top equities as investors splash N27.2bn on 1.8m shares in 5 days
Investors traded 1.840 billion shares valued at N27.286 billion in 27,273 deals last week, IgbereTV reports However, ...
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3 years agoAfter 2 days of gains, Naira depreciates, exchanges at 418.88 to a dollar
After appreciating for two days, the Naira on Thursday fell in value against the US dollar by 0. 21 per cent at the Investors and Exporters windo...
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3 years agoSTOCK MARKET: Equity cap gains N301.85bn, despite losses in UAC, others
Following a 1.06% jump in the Nigerian bourse’s total share value on Thursday, the market capitalisation increased by N301.85 billion, to N28.65 ...
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3 years agoNigerian stock market exits losing spree as market cap rises by N345.9bn
The equity capitalisation of the Nigerian stock market closed at N28.35 trillion on Wednesday, after the bourse appreciated by 1.23%, IgbereTV rep...
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3 years agoNigeria, others need $432bn to fully recover from effects of COVID-19 – AfDB
The African Development Bank (AfDB) on Wednesday predicted slow economic growth for the continent in 2022, IgbereTV reports The Natio...
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3 years agoInvestors lose N36.9bn as Nigeria’s capital market continues bearish run
The Nigerian stock market extended its loss into this week with a -0.12 percent crash in equity capitalization on Monday, IgbereTV reports ...
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3 years agoCBN dismisses report on planned replacement of Naira with eNaira
The Central Bank of Nigeria (CBN) has dismissed report on planned replacement of Naira notes with the country’s digital currency, eNaira, IgbereTV repor...
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