Capital Market
13 May
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
The equity market reversed losses to close in an upbeat yesterday, as market capitalisation appreciating by N18 billion.
10 May
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
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
The domestic equities market reopened on a downturn yesterday declining by N500 billion, amid a selloff in Airtel Africa and 17 stocks.
6 May
Zenith Bank Plc has announced its unaudited results for the first quarter that ended on 31st March 2024, with an impressive triple-digit growth of 189 per cent in gross earnings, from ₦270 billion reported in Q1 2023 to ₦781 billion in Q1 2024.
3 May
Anticipation of improved first quarter (Q1) earnings have continued to trigger bargain hunting in the equities sector of the Nigerian Exchange Limited (NGX)as the all-share index (ASI) appreciated further by 0.6 per cent.
30 Apr
Nigerian Exchange Group Plc has announced plans to deploy a technology application that would ensure that the proposed banking recapitalisation and various capital raising exercises in the market are delivered digitally.
24 Apr
To halt the fresh panic building over the fate of the naira, the Central Bank of Nigeria (CBN) is set to disburse another tranche of liquidity intervention to 1,583 Bureau de Change operators.
22 Apr
Problems associated with infractions in the capital market may soon become a thing of the past, as the Securities and Exchange Commission (SEC) has announced that its information technology (IT) project that would enable the commission to detect infringement in the market real time has attained over 75 per cent completion.
15 Apr
The financial services industry (measured by volume) dominated in volume terms at the end of last week's transactions with 859.6 million shares valued at N20.6 billion in 12,297 deals, contributing 75.9 per cent to the total equity turnover.
12 Apr
Four leading Nigerian banks by market capitalisation, achieved combined gross earnings of N7.99 trillion gross earnings in their 2023 full-year operations, a figure that is 248 per cent higher than the 2022 performance.