Nigerian Bourse advances, returns 0.12% WtD
The Nigerian stock market closed higher last week, driven by gains in 44 stocks that appreciated in their share prices, week on week. The All Share Index and Market capitalization grew by 0.12% to settle at 52,657.88 points and N28.681 trillion respectively. An aggregate of 756.7 million units of shares […]
Impressive Q4 2022 earnings to drive price growth on NGX
The stock market last week received Q4 earnings of quite a number of equities. The market eventually closed the week on a positive note with 0.12% growth WtD. Year to date, the market has returned 2.74% with the All Share Index and Market Capitalisation at 52,657.88 points and N28.681 trillion[…]
CBN extends old naira use deadline to February 10
The Governor of Central Bank of Nigeria, Godwin Emefiele, announced that the deadline for the use of the old naira notes has been extended till February 10, 2023. Emefiele explained that the apex bank has sought approval from President Muhammadu Buhari to extend the deadline for the use of the old[…]
N5.5bn Debt: Supreme Court affirms Honeywell’s indebtedness to Ecobank
Ecobank scored a major victory at the Supreme Court on Friday as it won in a N5.5 billion debt dispute against Honeywell and its sister firms, Anchorage Leisures Ltd and Siloam Global Ltd. The Supreme Court dismissed an appeal by Honeywell Flour Mills Limited challenging the judgement of the Court[…]