Capital Market
3 Jan
The Nigerian equities market reopened on a brighter note on the first trading day in 2024 as investors repositioning for 2022 full-year earnings and dividend payout persisted.
1 Jan
Despite rising insecurity and a mix of macroeconomic challenges, the Nigerian equities market soared significantly last year 2023 with investors gaining N13 trillion in nominal terms.
28 Dec
After the two-day holiday declared by the Federal government to commemorate Christmas and Boxing Day, Nigerian equities market reopened on a downturn as the overall market capitalisation declined by N140 billion amid losses in Nestle Nigeria Plc and 20 others.
25 Dec
The ICT index led gainers’ chart at the end of last week's transactions on the equities sector of the Nigerian Exchange Limited (NGX) with 3.6 per cent, propelled by price appreciation in Airtel Africa (+4.9 per cent) and MTN Nigeria (+2.0 per cent). Following the sector last week was the banking index, adding 3.4 per…
22 Dec
Yuletide rally persisted in the equities sector of the capital market yesterday as bargain hunting in Okomu Oil Plc and 49 stocks lifted the all-share index (ASI) further by 1.2 per cent
20 Dec
Stockbrokers have warned that the country may witness mass delisting of manufacturing firms from the stock market and outright exit from the market if urgent steps are not taken to stabilise the foreign exchange (FX) 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).
1 day ago
The Lagos Chamber of Commerce and Industry (LCCI) is deeply worried about the various economic headwinds confronting the stability of the Nigerian economy.
1 day ago
The World Bank Group and the African Development Bank Group are partnering on an ambitious effort to provide at least 300 million people in Africa with electricity access by 2030.
1 day ago
Trading activities on the floor of Nigerian Exchange Limited (NGX) halted gains to close on a downturn yesterday, causing market capitalisation to decline by N35 billion.
1 day ago
Worried by the dwindling oil production and the need to drive investments in the nation’s oil and gas sector, the Federal Government, through the Minister of State for Petroleum Resources (Oil), Heineken Lokpobiri, has underscored the imperative of ramping up production as a pivotal strategy to ensure stability in the midstream and downstream sectors of the industry.
1 day ago
The Nigeria Customs Service (NCS) Tin Can Island Port (TCIP) command has reported a 95.3 per cent increase in non-oil exports in the first quarter of 2024, compared to the same period last year.
1 day ago
Access Pensions has emphasised its commitment to offering thorough guidance and assistance to customers interested in Pension Backed Mortgages (PBMs).
1 day ago
To further address the energy inefficiency in the country, the Chief Executive Officer, Stanbic IBTC Holding Plc, Dr. Demola Sogunle, said N350 billion fund has been raised to support customers in the energy sector.
1 day ago
Amid geo-political tension marked by uncertainty, volatility, and disruptive forces, the Chartered Institute of Directors Nigeria (CIoD) has tasked directors on effective leadership, noting that their roles as leaders assume even greater significance in turbulent times.
2 days ago
Stakeholders in the insurance and pension industry have called on operators in the sectors to adopt artificial intelligence (AI) to drive business expansion in the country.
2 days ago
Though it does not have the power to regulate prices, the Federal Competition and Consumer Protection Commission (FCCPC) will deploy an existing legal framework to enforce fair competition and consumer protection provisions to achieve fair prices of commodities.