Money market Archives - Page 14 of 14

Kuru: AMCON’s N5trn debtors occupy leadership positions

July 25, 2019 admin

The Managing Director/Chief Executive Officer, Asset Management Corporation of Nigeria (AMCON), Ahmed Lawan Kuru, has lamented that some prominent men and women responsible for the over N5trillion debt burden, which the corporation is battling to recover, “manipulate their way to emerge as members of the national assembly, ministers, chairmen and women of big organisations and pro-chancellors of universities.” The AMCON MD, who stated this at the July 2019 edition of a Breakfast Meeting organised by the Nigerian – American Chamber of Commerce (NACC) in Lagos yesterday, also…

Market gains N164bn on renewed bargain hunting

July 24, 2019 admin

Local equities rebounded on resumed bargain hunting activities as overall performance measures, NSE All Share Index (ASI), grew by 1.21 per cent, halting the previous day’s loss. The bullish activities were driven by consumer goods and financial services stocks, which were highly demanded. At the close of business, 21 stocks appreciated while 15 others declined. Consequently, the All-Share Index gained 336.18 basis points or 1.21 per cent to close at 28,144.87 index points as against 27.808.69 recorded the previous day while the market capitalisation of equities appreciated by N164 billion to close at N13.716 trillion from N13.552 trillion as market sentiment returned…