Capital Market
24 May 2024
The CBN decision to tackle rising inflation through aggressive monetary tightening, which has pushed the Monetary Policy Rate (MPC)
22 May 2024
Despite rate hike, investors increased appetite in the shares of Nestle and Berger Paints lifted the All-Share index further by 0.1 per cent yesterday.
21 May 2024
Despite losses by many equities, transactions at the Nigerian Exchange Limited (NGX) reopened in an upward note yesterday as market capitali
18 May 2024
Additional 402,082,657 ordinary shares of 50 Kobo each of Cadbury Nigeria Plc (Cadbury) were listed on the Daily Official list of Nigerian Exchange Ltd. (NGX) in the concluded week. A weekly report of the NGX made available to newsmen in Lagos stated that the Cadbury additional shares were listed during the week. The NGX explained…
15 May 2024
The Federal Government of Nigeria has listed its April 2024 Savings Bond worth N4.214 billion on the Nigerian Exchange Ltd. (NGX) platform. The listing was announced by Mr. Godstime Iwenekhai, Head of the Issuers Regulation Department at NGX, in a market bulletin. Iwenekhai detailed the bonds, including FGS April 2026, consisting of 1.228 million units…
15 May 2024
Despite price gains that outweighed losses, trading on the nation’s bourse continued on a downturn yesterday, as capitalisation declined further by N133 billion, amid sell pressure in many blue chip stocks.
14 May 2024
The stock market recorded a downturn, resulting in a loss of N132 billion in investors’ wealth on the Nigerian Exchange Ltd. (NGX). This negative trend was primarily driven by sell-offs in Tier-one banking stocks such as Zenith Bank, FBN Holdings, and United Bank of Africa. Apart from Tier-one banking stocks, Wema Bank, Sterling Bank, FCMB,…
13 May 2024
The consumer goods index led the losers’ chart at the end of last week's transactions on the equities sector of the Nigerian Exchange Limited (NGX) with 1.2 per cent occasioned by price depreciation in PZ Cussons (-27 per cent) and International Breweries (-15.3 per cent).
10 May 2024
The equity market reversed losses to close in an upbeat yesterday, as market capitalisation appreciating by N18 billion.
10 May 2024
Exchange Traded Fund (ETF) in Nigeria has grown steadily from a market capitalisation of N988 million in 2011 to N36 billion as of April 2024, the Nigerian Exchange Limited (NGX) has said.
9 May 2024
Transaction on the Nigerian Exchange Limited (NGX) closed on a downturn yesterday, occasioned by profit-taking activities in 19 stocks, as the All-Share Index declined by 0.005 per cent.
7 May 2024
The domestic equities market reopened on a downturn yesterday declining by N500 billion, amid a selloff in Airtel Africa and 17 stocks.