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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.
Activities on the Nigerian Exchange Ltd. (NGX).
21 May 2024
Despite losses by many equities, transactions at the Nigerian Exchange Limited (NGX) reopened in an upward note yesterday as market capitali
Cadbury Nigeria
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…
Activities on the Nigerian Exchange Ltd. (NGX).
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.
Activities on the Nigerian Exchange Ltd. (NGX).
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).
Activities on the Nigerian Exchange Ltd. (NGX).
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.
The entire issued share capital of Flour Mills of Nigeria has been removed from the Daily Official List of the Nigerian Exchange (NGX).
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.
2 hours ago
The Minister of Aviation and Aerospace Development, Festus Keyamo, has flagged off the construction of the XeJet Flight Support and Engineering facility valued at about $10 million at the Nnamdi Azikiwe International Airport, Abuja. The facility, to be constructed by the Chinese Civil Engineering Construction Company (CCECC) over a period of 18 months, will include…
2 hours ago
The Kano operatives of the Nigeria Security and Civil Defence Corps have nabbed six motorcycle thieves who attacked and snatched motorcycles from members of the public forcefully. They were arrested in the Gurin Gawa and Bechi areas of Kumbotso Local Government Area of the state. Confirming the arrests of the suspects, the state’s NSCDC spokesperson,…
4 hours ago
The Federal Government, on Monday, approved a new 50 per cent hike in the cost of telephone services in the country. This comes 12 years after the last tariff hike was effected. This was announced by the Nigerian Communications Commission (NCC) in a statement signed by the Director of Public Affairs, Reuben Muoka. The new…
4 hours ago
Operatives of the Nigeria Police have arrested three suspects who have been stealing cars with master keys in Ondo State. The suspects, identified as Temidayo Folajimi, Rotimi Akinsanoye, and Waheed Adekanmbi, who also buy and sell stolen vehicles, specialized in stealing cars from where they were parked. While parading the suspects at the police headquarters…
8 hours ago
The Economic and Financial Crimes Commission (EFCC) has arraigned the Former Managing Director of Assets Management Cooperation of Nigeria (AMCON), Ahmed Kuru, and four others for allegedly defrauding Arik Airline N76 billion and $31.5 million, respectively. Kuru and other defendants were arraigned before Justice Mojisola Dada of a Lagos Special Offences Court, Ikeja. Other defendants…
14 hours ago
Bitcoin hit a record high above $109,000 on Monday as Donald Trump, who has signalled plans to deregulate the cryptocurrency sector, prepares to be sworn in as US president.
18 hours ago
The rising rate of insurance claim defaults is unsettling in the sector, and the insured is fast pitching against the insurers.
18 hours ago
The Chairman of the Presidential Fiscal Policy and Tax Reforms Committee, Taiwo Oyedele has called for the implementation of the tax reform bills by mid-2025, noting that the current system is holding the country hostage and needs to be fixed.
18 hours ago
In response to the consumer price inflation report for December 2024, which put inflation at is34.8 per cent, the Nigeria equities market closed last week trading on a downturn as investors lost N1.4 trillion in five trading days.
18 hours ago
In the first nine months of last year, the earnings per share (EPS) of FBN Holdings Plc, the parent company of First Bank of Nigeria Limited as well as its profit grew by 125 per cent year-on-year (Y/Y).