DefinitionBasket trade is a term common in securities trading as it involves the simultaneous trading of a group of securities known to be in a “basket.” It is basically used to buy stocks. This t...
VFD Group Plc, which won NGX Listed Company of the Year, recently announced that it has gotten approval from the Securities and Exchange Commission (SEC) for its proposed rights issue of 63.342 millio...
Jaiz Bank, a non-interest banking institution, has released that its profit after tax increased by 96% in the first nine months of 2023, also known as Q3. BusinessesDay analyzed this data.The company ...
The Manufacturers Association of Nigeria has revealed that 2024 may end up being a disturbing year for manufacturers, as it sees the first six months as a tougher one in 2024 for key players in the in...
On Wednesday, Feb. 26, 2020, Walmart (WMT) disclosed that it was making first phase talks concerning selling off a controlling stake in Asda, following demands from several parties.Walmart which is de...
Yesterday's domestic stock at the Nigerian Stock Exchange (NGX) sustained the second trading session of the year with a gain of N847 billion as investors bargained for United Bank for Africa (UBA) and...
In an attempt to insulate the US economy from the novel coronavirus pandemic, the Federal Reserve announced an emergency rate cut on Tuesday. Through the rate cut, the Feds slashed market interest rat...
The Nigerian Stock Exchange, formerly the Lagos Stock Exchange, was introduced on September 15, 1960, and has since been a breeding ground for fearsome investors to thrive. Investors have been rewarde...
The Securities and Exchange Commission (SEC) recently approved NASD to launch its Digital Digital Securities Platform (N-DSP), powered by Blockstation, under the Regulatory Incubation (RI) Programme.T...
Following the report of the oil price war, quite a number of index tracking-funds that can be traded on the stock market have been greatly exposed to volatility in the oil and energy sectors. This is ...