Thursday, 28th March 2024
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Capital Market

19 Dec
The Nigerian Exchange Limited (NGX) reopened on a positive note, yesterday, as gains in Transcorp Hotel and 17 stocks lifted market capitalisation by N9 billion. Market capitalisation of listed equities gained 0.02 per cent or N9 billion to close at N39.621 trillion from N39.612 trillion reported the previous day. The all-share index (ASI) also appreciated…
14 Dec
Investors repositioning for year-end Yuletide rally persisted at the close of transactions yesterday, as investors’ wealth appreciated by N415 billion in three trading days.
13 Dec
Positive sentiments persisted on the equity segment of the Nigerian Exchange Limited (NGX), yesterday, as increased appetite in MTN Nigeria Communications (MTNN) Plc and 23 stocks lifted market capitalisation by N130 billion
7 Dec
•FUGAZ shares rise by 136% in one year FBN Holdings Plc broke the N1 trillion capitalisation ceiling at the end of yesterday’s trading after its stock surged by close to 10 per cent for the third consecutive session to settle for N29.40 kobo. With yesterday’s rally, the premier bank has joined Zenith Bank and GTCO…
4 Dec
At the end of transactions last week, a turnover of 2.5 billion shares worth N38.6 billion was recorded in 36,138 deals by investors on the trading floor of the Nigerian Exchange Limited (NGX)
4 Dec
The Debt Management Office (DMO) has sold treasury bills (T-bills) valued at ₦406.9 billion across its auctions in October 2023, representing a 25.2 per cent (₦137.15 billion) month-on-month (MoM) decrease on the value of T-bills sold across its auctions in September 2023 (₦544.05 billion).
4 Dec
For the nation’s economy to grow steadily at sixteen per cent per annum over the next six years to attain $1 trillion economy by 2030, there is need for government to unlock the huge potentials of long term financing inherent in the capital market, as well as ensure that borrowings are tied to infrastructure bonds.…
20 Nov
• Weekly FMDQ FX turnover rises by 17% to $793m The financial services industry dominated in volume terms at the end of last week's transactions at the Nigerian Exchange Limited (NGX). It led the activity chart with 1.2 billion shares valued at N11.5 billion in 12,775 deals, contributing 59.4 per cent to the total equity…
20 Nov
Infractions in the country’s capital market may soon become a thing of the past as the Securities and Exchange Commission (SEC) is currently deploying new technology that would enable it to monitor market operations real-time
16 Nov
Positive sentiments persisted on the equities sector of the Nigerian Exchange Limited (NGX) as more bluechip stocks join the league of gainers, resulting to a further rise in market capitalisation by N113 billion.
14 Nov
Sell pressure in BUA Cement and 17 stocks, ensured that transactions on the equities sector of the Nigerian Exchange Limited (NGX) reopened on a downturn yesterday, causing market capitalisation to dip by N130 billion. Indeed, yesterday, the All-Share Index (ASI) shed 236.57 points, representing a decline of 0.33 per cent to close at 70,612.81 points.…
13 Nov
Group Chairman of Nigerian Exchange Group, Dr Umaru Kwairanga, has hinted at the proposed plan for dual listing with the Saudi Exchange, stressing that President Bola Tinubu's economic reforms have created room for investment inflow into the country.
16 hours ago
To improve electricity supply across Africa and reduce dependency on expatriates from Europe and other continents, Nigeria is currently training several personnel in Southern and Western countries.
16 hours ago
Lagos Commodities and Futures Exchange (LCFE) has stressed the need for the Federal Government to utilise the commodities exchange ecosystem as a strategy to boost food security, create job opportunities and enhance Nigeria's capacity to earn foreign exchange.
16 hours ago
In support of the global move to achieve carbon-zero emission and to reduce the high cost of maintaining internal combustion engine vehicles, the management of MAX has donated low-emission MAX Motorcycles to the Lagos State Residents Registration Agency (LASRRA).
16 hours ago
Businesses in Nigeria will have the opportunity to leverage Google technologies for growth and competitiveness.
16 hours ago
Over five million Nigerian women entrepreneurs have so far benefited from over N500 million facility put in place by the Association of Nigerian Women Business Network (ANWEN) to boost their businesses.
16 hours ago
To mitigate the impacts of climate change, the federal government has secured $198,175 in grants from the Climate and Clean Air Coalition (CCAC) to curtail open-field burning practices among farmers.
16 hours ago
The Lagos State Government has partnered Caverton Marine to enhance local boat production, to tackle challenges in waterways transportation and reduce capital flight through boat importation by 70 per cent. This collaboration involves the local construction of 25 state-of-the-art ferries, each with a capacity for 40 passengers as well as creating a viable and efficient…
16 hours ago
The Alternative Bank and TK Tech Africa are poised to transform the landscape of financial technology and non-interest banking with their innovative $500 million digital Sukuk initiative.
1 day ago
The Amalgamated Union of App-Based Transporters of Nigeria (AUATON), Lagos chapter, has officially called off the proposed protest against the impasse over the data-sharing agreement between the Lagos State Government
1 day ago
The Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture (NACCIMA) has described as commendable the clearance of a $7 billion foreign exchange (FX) backlog by the Central Bank of Nigeria (CBN).