A Pan-African credit rating agency, Agusto & Co, has upgraded Wema Bank’s rating from BBB to BBB+, following the bank’s strong 2023 financial performance.
The Nigerian Exchange Ltd. (NGX) recorded a negative performance on Thursday, with a loss of N84 billion in market capitalisation.
Fidelity Bank Plc says it has concluded plans to raise N127.1 billion by way of rights issue to existing shareholders and a public offer, which is...
The performance indicators of the stock market rebounded by 0.24 per cent on Wednesday.
Opening the week, the equity market halted last session’s winning streak as investors lost N102.55 billion, following sell-offs in Tier-one banking stocks and cautious trading.
The equity market closed on a positive note on Friday, increasing the market capitalisation by 0.02 per cent due to investors’ sentiment for banking, insurance and...
The domestic bourse continued its winning streak, with the All-Share Index opening at 98,383.04 and gaining 0.44 per cent or 435 points to close at 98,818.04.
The Nigerian Exchange Ltd. (NGX) says it has delisted the entire issued share capital of Arbico Plc from its daily official list after 46 years of...
The stock market on the Nigerian Exchange Ltd. (NGX) declined further, losing N84 billion due to continuous sell-offs, primarily in Tier-one banking stocks and other blue-chips.
Mr Ogochukwu Nwaghodo, Executive Director, Finance and Risk Management, United Bank for Africa (UBA), says the bank plans to get recapitalisation approval from its shareholders by...