Stock market losses N1.9trn to profit-taking
•Analysts finger Dangote Refinery IPO By Peter Egwuatu The Nigerian equities market reversed bullish trend last week, as N1.9 trillion was lost to widespread profit-taking across major stocks. The market was bullish penultimate week, as investors gained N3.73 trillion on the Nigerian Exchange Limited, NGX. However, last week’s trading was characterised by heavy selling pressure […]
Nigerian Stock Exchange: Skye Bank, Hallmark Insurance top losers
Losses in Skye Bank Plc and Hallmark Insurance Plc and 24 other companies today further depressed the equities market. At the close of trading, investors lost yet another N43 billion, bringing the equities capitalisation to N15.548 trillion from N15.624 trillion. Specifically, Skye bank Plc which led the losers went down y 8.93 percent to close […]
LSETF disburses N4.1bn to 4,762 applicants
The Lagos State Employment Trust Fund (LSETF) said it has successfully disbursed N4.1 billion loans to 4,762 applicants as at the end of 2017, even as it has provided 16 percent of its allocation to tech startups.
N550bn export facilities: NEXIM invites SMEs in South-East, Delta states to access funds
The Nigerian Export-Import Bank (NEXIM) has invited export-oriented Small and Medium Entrepreneurs (SMEs) in the South-East and Delta States to access the N500 billion Export Stimulation Facility (ESF) and the N50 billion Export Development Fund to boost their businesses, create jobs, and contribute to the foreign exchange revenue earnings of the country.
Facebook reports revenue growth for SMEs using its Apps
An Economic Impact Study conducted by Facebook in partnership with Morning Consult Brand Intelligence has revealed the growing importance of digital platforms to Small and Medium Scale Enterprises (SMEs) in Nigeria.
MTN Nigeria to list its shares on NSE this year
MTN Nigeria, yesterday, discussed plans to list its shares on Nigerian Stock Exchange, NSE, at its board meeting, with the aim to launch its Initial Public Offering, IPO, this year.
