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Finance & Markets

Little Movement Expected For Hang Seng

(RTTNews) - The Hong Kong stock market has alternated between positive and negative finishes through the last five trading days since the end of the five-day losing streak in which it had given up more than 850 points or 3 percent. The Hang Seng Index now sits just above the 24,7

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Investors’ Return in Nigerian’s Stock Market Up N4.6tn in One Week

Kayode Tokede Investors’ average return on the Nigerian stock market appreciated by N4.6 trillion week-on-week (W-o-W), driven by renewed demand across selected major indices.

  • Nigerian stock market's average return surged N4.6tn in one week
  • NGX ASI rose 2.78% to close at 249,804.56 points
  • Banking sector led market gains with 4.4% increase

Wema Bank Sustains Profitability, On Track to Surpass Previous Record

Kayyode Tokede Wema Bank’s Plc for unaudited half year (H1) ended June 30, 2026 declared profit before tax of N154.5 billion, about 53.65 per cent increase from N100.6billion in half

  • Wema Bank profit before tax up 53.65% in H1 2026
  • Profit after tax increased by 157% compared to H1 2025
  • Interest income rose 43% to N342.64 billion in H1 2026

Recapitalisation: NAICOM Wanted All Insurers to Sail Through

Ebere Nwoji The Commissioner for Insurance, Mr Olusegun Omosehin has said that the original plan of the National Insurance Commission ( NAICOM) at the on set of the recapitalisation exercise

  • NAICOM aimed to prevent any insurance firm failure during recapitalisation.
  • Six firms failed to meet recapitalisation requirements and went out of business.
  • NAICOM encouraged mergers and balance sheet strengthening for market sustainability.

Oil prices extend four-session slide as Middle East supply risks ease

OIL prices extended their decline for a fourth consecutive session on Monday, with Brent crude falling below US$103 a barrel as hopes of easing Middle East tensions reduced concerns over prolonged…

  • Oil prices slide below US$103 a barrel for four days
  • US President Trump open to meeting Iranian leader in UN
  • Qatari PM calls for Gulf cooperation to restore stability

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