Activities on the Nigerian Stock Exchange (NSE) closed for the week on Friday on a positive note, with the turnover volume appreciating by 232.43 per cent, while market indices grew by 0.44 per cent.
The Board of Directors of foremost African financial institution; Guaranty Trust Bank plc, has announced the appointment of Mobolaji Lawal as Executive Director, and Babatunde Soyoye as an Independent Non-Executive Director of the Bank.
Major blue chips on the Nigerian Stock Exchange (NSE) on Thursday maintained a free fall with the market indices downgrading further by 0.30 per cent.
The National Bureau of Statistics (NBS) says Consumer Price Index (CPI), which measures inflation, increased to 18.72 per cent (year-on-year) in January from 18.55 per cent recorded in December, 2016.
The African Export-Import Bank (Afreximbank) says it has signed a Memorandum of understanding (MOU) with Ecobank Transnational Incorporated (ETI), the parent company of Ecobank Group, on investment financing.
South Africa’s rand touched a 16-month high against the dollar early on Wednesday on improved risk appetite with investors eyeing a new batch of domestic and U.S. economic data for fresh catalysts.
The financial sector was in bearish mode on the first trading day of the week forcing the All Share Index of the Nigerian Stock Exchange to close in the negative.
Transactions on the Nigerian Stock Exchange (NSE) on Wednesday retraced the negative posture, appreciating by 0.05 per cent with a turnover growth of 67.88 per cent.
Skye Bank has announced the promotion of over 300 staff in its employment following the 2016 annual staff performance review exercise.
Oil prices rose on Monday with traders shifting money into crude futures as the dollar weakened and on concerns that new U.S. sanctions against Iran could be extended to affect crude supplies.