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.
1 day ago
Equity investors gained a total of N349 billion week-on-week, as the Nigerian Exchange Ltd.(NGX) market capitalization appreciated by 0.63 per cent to close the week. Specifically, the All-Share Index closed at 96,579.54 points, having opened at 95,973.45 points, while the market capitalization, which opened at N55.129 trillion, closed at N55.478 trillion. The positive performance was…
1 day ago
Industries in the Lekki Free Trade Zone area in Lagos will begin to enjoy reduced energy costs, as NIPCO Gas in partnership with NNPC Gas Marketing Limited (NGML) commissioned the Lekki Gas Distribution Project for supply and distribution of natural gas in the Lekki area.
1 day ago
The Tertiary Education Trust Fund (TETFund) and the Nigerian military have entered into a partnership to leverage each other’s strengths in research, innovation and technological development.
1 day ago
No fewer than 32 public servants across Africa with a demonstrated passion for transformation have benefited from the Aig-Imoukhuede Foundation’s Scholarship scheme to the tune of £2,000,000 (about N3.564 billion).
2 days ago
BUA group of companies has blamed cement dealers for frustrating its N3,500 per bag initiative. The Chairman of the board of directors of the company, Abdul Samad Rabiu, who stated this in Abuja yesterday at the yearly general...
2 days ago
Nigeria’s foreign capital Inflow fell to $770 million in April 2024, indicating a drop of 57.22 per cent from the $1.80 billion recorded in March 2024. The April 2024 Monthly Economic Report published by the Central Bank of Nigeria
2 days ago
Veritas Glanvills Pensions Limited (VG Pensions) has moved to make homeownership more accessible for its clients through its pension mortgage scheme. This is in response to the housing crisis, with an estimated 28 million housing units
2 days ago
Financial institution, Growth and Development Limited (GDL), has rolled out HouseMoni, a rent-to-own homeownership scheme. The financial services group said this scheme is designed to address the dearth of appropriate financing for home ownership
2 days ago
The Federal Government has established a committee to assess and manage the various risks confronting the country. This initiative was announced by the Managing Director and Chief Executive Officer of the Bank of Industry