Category: Capital Market

Bitcoin Is Less Volatile Than Stock Market Volatility Index, SEC Chair Says

Jay Clayton, chairman of the U.S. Securities and Exchange Commission (SEC), speaks during a Senate Banking, Housing and Urban Development Committee hearing in Washington, D.C., U.S., on Tuesday, Feb. 6, 2018. Cryptocurrency exchanges roiled by the rout in Bitcoin prices may face more turbulence as the two top U.S. market regulators ask Congress to consider…

Sterling Bank, Skye Bank and FCMB Group, accounts for 2.520 bn out of 4.426 bn shares turnover

The management of The Nigerian Stock Exchange (The NSE) for the week trading has produced Three Top Equities namely; Sterling Bank Plc, Skye Bank Plc and FCMB Group Plc by volume accounted for 2.520 billion shares worth N5.277 billion in 3,000 deals, contributing 56.95 % and 21.77% to the total equity turnover volume and value…

Forex: Banks cancel commissions on PTA, tuition, medical bills

Members of the Bankers’ Committee have agreed that banks in the country should stop charging commission on the sale of foreign exchange to customers, particularly those meant for Personal Travel Allowance, Business Travel Allowance, tuition and medical bills payment. The Bankers’ Committee comprises the CBN governor, the chief executive officers of all commercial banks and…

Flour Mills of Nigeria Rights Issue of N40bn, Close on February 21

Flour Mills of Nigeria (FLOURMILL) Rights Issue, opened on 15 January, 2018, will close on Wednesday, February 21, 2018. The Rights Issue is being undertaken to enable FLOURMILL deleverage its balance sheet, support working capital needs, and position the company to exploit value-accretive opportunities. Details of the Rights: Being Issued –           …

Guinness Nigeria Plc Net Profit Hits N2.09 bn From N2.44 bn Loss Last Year

The Management of Guinness Nigeria Plc released Q2 showing net profit of NGN2.09 billion as against NGN2.44 billion loss last year which is considered driven by three factors:  (1) continued revenue growth, (2) better margin, and (3) lower opex and finance charges. The net profit was equally higher compared to Q1-17/18’s NGN41.4 million, but below our…