By Udeme Ekwere Equities on the Nigerian Stock Exchange continued on the downward trend on Tuesday, with major market indicators falling significantly. For instance, the NSE’s All-Share Index fell by 1.9 per cent or 443.79 basis points from 22,963.11 recorded the previous day, to N22,519.32. Similarly, the market capitalisation of […]

By Okechukwu Nnodim There are indications that the Federal Government is considering the complaints of shareholders of the three nationalised banks, whose licences were revoked by the Central Bank of Nigeria on Friday. The Securities and Exchange Commission said on Tuesday that though the equities of the three banks involved […]

By Okechukwu Nnodim The three Deposit Money Banks that were recently nationalised by the Federal Government on Tuesday liquidated the N170bn loan they obtained from the Central Bank of Nigeria in 2009. Mainstreet Bank Limited (former Afribank Plc), Keystone Bank Limited (Bank PHB Plc) and Enterprise Bank Limited (Spring Bank […]