EQUITY investors recorded a whooping N2.17 trillion gains last week following renewed interest and search for higher yields. This comes as investment analysts said that the rally seen in the equities market would continue to the near future, as investors continue to switch from fixed income to equities in the face of negative real returns in fixed income.

Ecobank Nigeria has announced an Agriculture Businesses Finance Scheme where it plans to disburse additional loan of N70 Billion for practitioners in different value chains of Agriculture within the next two years.

I READ the brilliant article in the Vanguard Newspaper of January 6, 2020 titled: “Nigeria in Dire Need of Salvation” by my friend of over 20 years, Augustine Okhiria Agbonsuremi, a seasoned and fearless Nigerian journalist, formerly of The Guardian Newspaper and later African Independent Television, AIT, where he became famous for his programme, Political Platform, in which he lamented the in-action and complicity of the average Nigerian citizen against bad political leadership and apparent oppression and repression by the Nigerian political elite with great interest.

It’s five days into the new year, how are those financial resolutions coming?  A way to jump-start those goals is to grab a smartphone and download a budgeting app for a quick “reckoning,” said Lauren Silbert, general manager of personal finance website The Balance. The Balance ranked the Top 8 budgeting apps for 2020, and […]

NOTORE Chemical Industries Plc, has drawn down a N13.32 billion facility from the African Export-Import Bank (Afreximbank) for a Turn-Around Maintenance (TAM) programme to achieve nameplate capacity of its plant in 2020.

In this interview, Bismarck Rewane,  a member of the Presidential  Economic Advisory Council, and Managing Director/Chief Executive Officer, Financial Derivatives, projects that Nigeria will likely achieve a higher economic growth of 2.3 percent in 2020. He, however stressed that this growth projection is subject to how the authorities respond to three major factors. These factors he said include investors’ concern about the current trend of negative real interest rates, external sector vulnerabilities and infrastructure.

COWRY Asset Management Limited has explained that the recently released Purchasing Managers’ Index (PMI) survey report by Central Bank of Nigeria (CBN) showed faster expansions in both manufacturing and non-manufacturing businesses in December 2019 as production level and new orders indices further grew faster.

IN addition to projecting GDP growth rate of above 2.3 percent but Wale Olusi, Head of Research, United Capital Plc, averred that the expectation of naira devaluation will not materialise in 2020, but rather harmonisation of the official rate exchange rate and the Investors & Exporters window exchange rate.

ECONOMIC growth in Nigeria remains anaemic, hovering around 2.00 per cent in the last few quarters and trailing its pre-recession historical average of 4.80 per cent, Cordros Securities has said.

Microsoft co-founder Bill Gates started the last decade worth more than US$50-billion and with a pledge to give away his fortune to charity. By the end of the decade, he’d donated billions of dollars to fight poverty and improve health care and education. But his fortune also more than doubled during the period, a result […]

James Ogunnaike – Abeokuta Ogun State Governor, Prince Dapo Abiodun, Monday signed the State 2020 Appropriation Bill into law. The bill took 24 days to be passed by the State House of Assembly and 27 days to get the Governor’s assent. The 2020 budget proposal was N449.97bn. The Assembly retained the budget size with an […]

AFTER closing the week on negative note, investment analysts have projected that the market would end the year in a lacklustre level given the risk-off sentiment prevailing in the market.

Rand Merchant Bank pledged its continued support for the development of the Nigeria’s debt capital market.

AS the capital market closes the 2019 trading year tomorrow, the two-year negative sentiment on capital raising by quoted companies in the Nigerian Stock Exchange, NSE, has suffered 89.7 percent decline to N34.9 billion 2019 from N340 billion recorded at the end of 2017.

THE Nigerian Stock Exchange, NSE, has placed the shares of Cement Company of Northern Nigeria (CCNN) on full suspension ahead of its merger with Obu Cement. The merger with Obu Cement, both subsidiaries of Bua Group, would create Nigeria’s second largest cement producer.