GTCO

  • economyMTN, Tier-1 banks stocks lift NGX gains by N157bn

    MTN, Tier-1 banks stocks lift NGX gains by N157bn

    Renewed interest in MTN Nigeria, alongside sustained interest in Tier-one banks’ stocks, further raised the equity market by 0.27 percent on Thursday. Specifically, investors gained N157 billion, or 0.27 percent, making the market capitalization, which opened at N58.963 trillion, close at N59.120 trillion. Consequently, the All-Share Index grew by 0.27 percent, or 278.42 points, to close at 104,562.06, as against…

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  • economyTier-1 banks drive stock market performance with N147bn gain

    Tier-1 banks drive stock market performance with N147bn gain

    The Nigerian stock market witnessed a significant boost in performance on Friday, propelled by gains in tier-one banks such as Guaranty Trust Holding Company (GTCO), Access Corporation, Zenith Bank, and FBN Holdings, among others. Investors gained a total of N147 billion, or 0.25 percent, leading the market capitalization to rise from N59.021 trillion to close at N59.168 trillion. The All-Share…

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  • economyEquity market further appreciates, investors gain N420bn

    Equity market further appreciates, investors gain N420bn

    The domestic bourse on Wednesday closed on the positive with a gain of 0.75 percent as investors sustained buy interest in the shares of Transcorp Power (TransPower), alongside Tier-one banks. Specifically, the shares of Transpower, which opened at N290.40, gained 9.99 percent to close at N319.40 per share. Consequently, the Nigerian Exchange Ltd. (NGX) All-Share Index gained 0.75 percent, or…

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  • General NewsBVN/NIN linkage: Lagos residents besiege banks, seek extension

    BVN/NIN linkage: Lagos residents besiege banks, seek extension

    Bank customers have continued to besiege various bank branches in Lagos to meet Central Bank of Nigeria (CBN) deadline for linking bank verification numbers (BVN) and national identification numbers (NIN) to their accounts. In separate interviews with the News Agency of Nigeria (NAN), the bank customers also asked the CBN to extend the deadline for them to link their BVN…

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  • economyStock market declines further by N773bn on MPR hike

    Stock market declines further by N773bn on MPR hike

    Transactions on the stock market closed negative on Tuesday for the secondary day, depreciating further by 1.38 percent in reaction to the outcome of the Monetary Policy Committee (MPC) meeting of the Central Bank of Nigeria (CBN). The News Agency of Nigeria (NAN) reports that CBN, at the bi-monthly MPC meeting, raised the benchmark lending rate by 400 basis points…

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  • Featured

    NPA/GTCO polo tourney begins in Lagos Saturday

    No fewer than 36 teams will slug it out at the 2023 NPA/GTCO Lagos International Polo Tournament to jostle for top honours in four major titles and six subsidiary laurels. The News Agency of Nigeria (NAN) reports that the tournament is scheduled to gallop off from Saturday to Feb. 19 at the Lagos Polo Club Ikoyi. The ambitious teams fully…

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