Europe stocks close lower on new trade deal doubts; Peugeot down 12%

October 31, 2019

European stocks reversed early gains to trade lower Thursday after a report that Chinese officials are doubting the possibility of a long-term trade agreement with the U.S. The pan-European Stoxx 600 was down 0.3% during afternoon trade, with the China-exposed basic resources and automotive sectors each tumbling more than 1%. Oil and gas stocks shed […]

Wall Street moves higher on Brexit deal, robust earnings

October 17, 2019

U.S. stocks rose on Thursday, supported by Netflix and Morgan Stanley following upbeat reports, with investors also cheering Britain’s preliminary last-minute deal with the European Union. British Prime Minister Boris Johnson said “we have a great new Brexit deal,” lifting the mood across global equities, but he still faces a tough vote in parliament on […]

GTBank expands profitability as PAT climbs to N147bn in nine months

October 16, 2019

By Omobayo Azeez     Guaranty Trust Bank Plc (GTB) has pushed its profitability 3.4 per cent higher as at the end of September this year with its Profit after Tax (PAT) standing at N146.99 billion compared to the same period of 2018. This disclosure came as the bank released its unaudited result for the first […]

Equities market halts previous growth with 0.16 per cent decline

October 16, 2019

The benchmark index of the Nigerian Stock Exchange (NSE) halted gains posted in the preceding trading session to drop by 0.16 per cent. Specifically, the All-Share Index on Tuesday dipped 43.79 points, representing 0.16 per cent to close at 26,513.65 compared with 26,557.44 achieved on Monday. Similarly, the market capitalisation shed N21 billion or 0.16 […]

Slight relief as equities gain N12bn to commence week

October 15, 2019

By Omobayo Azeez     The Nigerian equities market marginally returned to bullish path on Monday as it commenced another trading week by gaining a sum of N12 billion to close the session.   This led to 0.09 per cent appreciation of the benchmark market index to close at 26,557.77 basis points, a development described […]

DMO Lists II FGN ₦15bn 7-Year Green Bond on NSE

October 14, 2019

By Omobayo Azeez The Debt Management Office (DMO) on Monday, October 14, 2019 listed on the Nigerian Stock Exchange (NSE) the Federal Government of Nigerian (FGN) N15 billion Green Bond on the daily official list. The 7-year g bond issued at coupon rate of 14.50 per cent on June 13, 2019 is due to mature […]

Stocks Climb With Investor Focus on Trade Talks: Markets Wrap

October 10, 2019

Stocks gained and Treasury yields jumped with traders taking an optimistic stance on the latest trade developments as a long-anticipated meeting between America and China got underway, and after contrasting reports on the talks spurred volatility. The pound jumped on talk of a Brexit deal. Banks and chipmakers led the S&P 500 Index higher, with an […]

Wall Street falls amid nervousness ahead of trade talks

October 7, 2019

U.S. stocks were down slightly in late afternoon trading on Monday as reports on the trade front kept investors cautious ahead of scheduled talks later in the week.   A report that Beijing was increasingly reluctant to agree to a broad trade deal pursued by President Donald Trump weighed on sentiment early. White House economic […]