Capital Market
5 Mar
The market capitalisation of the Nigerian Exchange Limited (NGX) swelled yesterday with the listing of Transcorp Power Plc (TPP) 7.5 billion ordinary shares of 50 kobo on the Main Board.
4 Mar
The Securities and Exchange Commission (SEC), Nigerian Exchange Group (NGX) and United Capital Asset Management Limited (UCAML) have insisted that industry collaboration would boost financial inclusion and wealth creation.
4 Mar
Investors' unfavourable response to the interest rate hike has continued to trigger a selloff on the Nigerian Exchange Limited (NGX) as market capitalisation depreciated by N1.8 trillion in one week.
4 Mar
There seems to be a realisation by both the fiscal and monetary authorities that checking the continuous downward slide of the naira is beyond a single line of policy action, hence the adoption of a multiplicity approach.
29 Feb
The secondary market turnover on the FMDQ Exchange in January 2024 was ₦21.07 trillion, representing a 41.1 per cent month-on-month (MoM) decrease and 61.6 per cent year-on-year (YoY) increase.
27 Feb
Nigeria Exchange Limited (NGX) reopened on a downward note yesterday, shedding N51 billion, amid price depreciation in many blue-chip stocks.
26 Feb
The consumer goods, banking and industrial goods indices topped the gainers' chart at the end of last week's transactions on the equities sector of the Nigerian Exchange Limited (NGX) with 4.05 percent, 0.7 per cent and 0.001 per cent.
23 Feb
Crypto enthusiasts exchanged a total value of N1.9 billion via USDT-naira pair on Binance 24 hours after the government’s clampdown on leading digital currency exchange.
23 Feb
The Nigeria equities market halted its gaining streak to close on a downward note, yesterday, as the index dipped by 0.2 per cent amid losses in 28 stocks.
21 Feb
In what may be described as a twist and sudden change in performance, the industrial goods index which was rated worst performing in 2023 has returned a year-to-date gain of over 95 per cent to investors.
21 Feb
Low confidence in the economy has continued to trigger panic selloff in the equities sector of the Nigerian Exchange Limited as investors' lose N2.55 trillion in two trading days.
20 Feb
As a reward for driving value towards sustainable growth and market leadership, BUA Foods Plc has achieved a record market capitalisation of over N5 trillion post-consolidation and listing on the Nigerian Exchange (NGX).
8 hours ago
The Federal Government has created an Incentive Monitoring and Evaluation Platform (IMEP) aimed at cutting down the cost of tax expenditure and ensuring tax incentives positively impact the economy.
8 hours ago
As of quarter one, 2024, the National Identity Management Commission (NIMC) has issued 105 million National Identification Numbers (NINs) to Nigerians.
8 hours ago
With expectations that the drop in the dollar-to-naira exchange rate would lead to a reduction in the cost of goods and commodities quickly, traders and consumers have lamented that they are yet to feel the impact on their wares, as the cost of household items keeps skyrocketing.
8 hours ago
Transactions on the equities sector of the Nigerian Exchange Limited (NGX) reopened on a downturn yesterday, as market capitalisation depreciated by N304 billion, amid losses in banks stocks.
8 hours ago
The Nigerian Society of Engineers (NSE) has bemoaned the lack of access to capital and patronage by the government at various levels.
8 hours ago
Before a leader creates a management system, he or she must first appreciate the idea that this concept was designed to solve certain challenges and it’s a tool for achieving the corporate goals of an organization.
8 hours ago
United Bank for Africa (UBA) Plc has outlined its strategies aimed at navigating the dynamic and ever-evolving banking landscape, while also consolidating growth prospects for the 2024 financial year.
9 hours ago
Boucles Africa Limited, a recent entrant into marcomms consultancy, has appointed Mojisola Saka, as its pioneer Chief Engagement & Experience Officer effective April 2024.
1 day ago
Tokyo stocks closed lower Monday after Iran's unprecedented missile and drone strikes on Israel raised fears of wider conflict in the Middle East.
1 day ago
The Central Bank of Nigeria (CBN) requires tier 1 banks to raise their Capital (defined as share capital plus share premium) to N500 billion. The options available to banks are right are a private placement, a public offer to the general public and a right issue for existing shareholders.