Nigerian stocks rallied on Monday with the major indices closing positive as traders bought and sold shares on positive earnings reports. The Nigerian Stock Exchange’s All-Share Index rose by 1.12 per cent to close at 37,562.50 basis points, erasing 418.85 points of the 1182.64 points lost last week when the […]
Tag: Nigerian
SEC Bullish on IPOs, Approves N57bn New Issues in 6 Months
Strong indications have emerged that the Nigerian capital market would soon witness a wave of initial public offerings (IPOs), following relative improvement in the prices of stocks in the Nigerian capital market. IPOs are enabling either listed companies or unlisted companies to issue fresh shares the investing public to raise […]
Nigerian banks may record high bad loans
Indications have emerged that Deposit Money Banks may record huge non-performing loans next year. Rating agency, Standard & Poor’s, said on Tuesday that the banks might report increased loan losses amid growth in lending. Bloomberg quoted an analyst at S&P, Mr. Matthew Pimie, as saying, “Banks in Nigeria are expected […]
