Capital Market
24 Oct
Transactions in the equities sector of the Nigerian Exchange Limited (NGX) reopened on a downturn yesterday, as market capitalisation dipped by N22 billion, amid sell pressure in VFG Group and 20 stocks. Specifically, at the close of trading yesterday, the All-Share Index (ASI) declined by 38.49 points, representing a loss of 0.06 per cent to…
20 Oct 2023
Negative sentiments resurfaced on the equities sector of the Nigerian Exchange Limited (NGX) yesterday as market capitalisation depreciated by N140 billion amid losses in Stanbic IBTC, Nestle and 23 stocks. Specifically, at the close of transactions yesterday, market capitalisation of listed equities declined by 0.4 per cent to N36.864 trillion from N37.004 trillion reported the…
20 Oct 2023
.As Ogunyemi takes over from Prof. Adesugba as MD The newly appointed Managing Director of the Nigerian Export Processing Zones Authority (NEPZA) Dr. Olorunfemi Ogunyemi has said that the agency will focus in ensuring that all the Free Trade Zones (FTZs)] spread across the country are properly listed on the nation’s stock exchange to further…
18 Oct 2023
The Standards Organisation of Nigeria (SON) has said Innoson brand of vehicles manufactured by Innoson Vehicles Manufacturing Limited has met all international standards and therefore dim fit to be used in Nigeria and beyond. The Director-General, SON, Dr. Ifeanyi Okeke, stated this yesterday, while presenting ISO 9001: 2015 and MANCAP certificates to the auto company…
18 Oct 2023
Following gains recorded by many blue-chip stocks, especially Stanbic IBTC and Julius Berger, transactions on the equities sector of the Nigerian Exchange Limited (NGX) closed in an upbeat yesterday, as market capitalisation rose by N158 billion. At the close of transactions yesterday, market capitalisation of listed equities increased by 0.43 per cent to N36.988 trillion…
16 Oct 2023
Naira depreciated by 2.3 per cent to N759.20 (as of 12 October) at the Investors’ and Exporters’ (I&E) window, with total turnover at the window (as of 12 October 2023) increasing by 79.1 per cent WTD to $629.37 million, as trades were consummated within the N700 –N846/$ band. Last Friday, naira depreciated by 0.75 per…
16 Oct 2023
FMDQ debt market size as at October 12, 2023 hits N39.8 trillion. Also, Foreign Exchange (FX) Spot and Derivatives markets turnover for the week ended October 13, 2023, was $683.97 million, an increase of 109.52 per cent ($357.53 million) from $326.44 million reported for the week ended October 6, 2023. According to the exchange, the…
10 Oct 2023
• Sterling Bank, UBA, Accesscorp gain 150%, 126%, 93% respectively • Operators see robust final dividend payout in full year The Nigerian Exchange Limited (NGX) banking index appreciated by 61.9 per cent in nine months (Year-To -Date), surpassing the overall All-share index that measures the performance of listed firms, data from the exchange has revealed.…
10 Oct 2023
Following price appreciation recorded by many bluechip stocks, especially BUA Cement and MRS Oil Nigeria, transactions on the Nigerian Exchange Limited (NGX) rebounded yesterday, as market capitalisation increased by N355 billion. At the close of transactions yesterday, the All-Share Index (ASI) rose by 646.76 points, representing a gain of 0.97 per cent to close at…
10 Oct 2023
VFD Group Plc, a sector-agnostic proprietary investment company, has announced its listing on the Nigerian Exchange Limited (NGX). Done on October 6, the listing was celebrated with a Closing Gong ceremony and a Fact Behind the Listing presentation. The listing of VFD Group’s shares has added over N45 billion to the market capitalization of…
6 Oct 2023
The bulls resurfaced on the equities sector of the Nigerian Exchange Limited (NGX), yesterday, as gains in NASCON Allied Industries Plc and 23 stocks lifted total capitalisation by N141 billion.
4 Oct 2023
VFD Group Plc, a sector-agnostic proprietary investment firm, announced yesterday that it has received approval to list its shares on the Nigerian Exchange Limited (NGX). The company's shares will begin trading on Friday, The Guardian was informed. “We are thrilled to have received approval to list on the NGX, which marks a significant milestone for…
7 hours ago
The Lagos Chamber of Commerce and Industry (LCCI) is deeply worried about the various economic headwinds confronting the stability of the Nigerian economy.
8 hours 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.
8 hours 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.
8 hours 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.
8 hours 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.
8 hours ago
Access Pensions has emphasised its commitment to offering thorough guidance and assistance to customers interested in Pension Backed Mortgages (PBMs).
8 hours 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.
8 hours 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.
1 day 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.
1 day 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.