Capital Market
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.
10 Nov
Increased buying interest in the shares of some banks, especially FBN Holdings Plc and Fidelity Bank Plc lifted the Nigerian Exchange Limited (NGX) All-Share Index (ASI) by 0.07 per cent.
8 Nov
. As NGX RegCo empowers investors through capacity building The Nigerian Exchange Limited (NGX) sustained rising profile yesterday, amid price appreciation in PZ Cussons Nigeria and 21 others, causing market capitalisation to gain N86 billion. As a result, the All-Share Index (ASI) gained 133.98 points, representing a gain of 0.19 per cent to close at…
2 Nov
The Nigerian stock market hits the highest level on record yesterday as heavy transactions in the shares of Airtel Africa and 36 stocks lifted the Nigerian Exchange Limited (NGX) All-Share Index (ASI) to 70,581.76 points Specifically, at the reopening of transaction for the month of November, the ASI rose by 1,345.57 points, representing a gain…
1 Nov
Improved corporate performance has continued to buoy transactions on the equities sector of the Nigerian Exchange Limited (NGX) as investors gained N1.708 trillion in the month of October 2023.
16 hours ago
Data sourced from the Central Bank of Nigeria (CBN) suggest the economy may be relapsing to cash hoarding again a year after the chronic currency scarcity even as the proportion of currency in circulation that is held outside the banking system has returned to the pre-naira redesign level.
16 hours ago
African Development Bank (AfDB) President, Dr Akinwumi Adesina, said that Africa's immense economic potential is being undermined by non-transparent resource-backed loans that complicate debt resolution and compromise countries' future growth.
16 hours ago
President of the Commonwealth Association of Tax Administrators (CATA) and chairman of the Federal Inland Revenue Service (FIRS), Zacch Adedeji, has called for increased capacity building to enhance tax administration processes among members of the global body.
16 hours ago
The recently held 13th Convocation Ceremony of the National Open University of Nigeria (NOUN) may have come and gone, its memories will linger for a long time to come.
17 hours ago
The Nigeria Economic Summit Group (NESG) said the Lagos Free Zone (LFZ) has the potential to contribute significantly to the country's gross domestic product (GDP) if fully harnessed.
17 hours ago
Stakeholders at the 2024 yearly lecture of the Chartered Institute of Bankers of Nigeria (CIBN) have called for the adoption of appropriate credit culture to pave the way for an enhanced loan securitisation process and availability of credit to the real sector.
17 hours ago
Stakeholders have highlighted significant failure in the implementation of the Sustainable Development Goals (SDG) relating to transport in Nigeria, expressing deep concern over the country's lag in creating effective transport policies that align with SDG 11.2 which aims for safe, affordable and sustainable transport systems by 2030.
17 hours ago
With the announcement by MTN Group of the appointment of M&C Saatchi Africa as its marketing communications partner across all MTN Group, M&C Saatchi's Nigerian affiliate, SO&U Group, will be responsible for the business in Nigeria.
17 hours ago
Mastercard and the Committee of E-Banking Industry Heads for Nigeria (CeBIH) have joined forces to tackle the activities of cyber criminals in the country.
17 hours ago
United Capital Plc has assured shareholders that the firm would deploy robust digital technology to further unlock opportunities and stay ahead of trends in the industry.