Nigerian banks recorded an increase in earnings for the first half of this year, but their profits were affected by a variety of factors, OYETUNJI ABIOYE writes Twelve banks recorded gross earnings of N1.4tn during the first six months of this year, according to information obtained from the Nigerian Stock […]
Capital Market
Nigerian Equities Up as Foreign Investors Buy Into Local Banks
By Yakubu LAAH InvestAdvocate Lagos (INVESTADVOCATE)-The Nigerian equities climbed up on Friday following the acquisition of stakes into Ecobank Transnational Incorporated and Union Bank of Nigeria Plc (UBN) by foreign investors aiding the reversal of earlier losses recorded in the week. On Thursday, Qatar National Bank (QNB) bought a 12.5 […]
Nigeria’s Equities Market Benchmark Index Decline 0.89% to End Week
By Yakubu LAAH InvestAdvocate Lagos (INVESTADVOCATE)-The bear run has persisted in the Nigerian equities market as all-share index (ASI) declined 0.89 percent to close the week at 41,160.62 basis points according to the Nigerian Stock Exchange’s (NSE’s) weekly market report. Also, market capitalisation went down 0.89 percent to close at […]
