Monday, 4th March 2024

Capital Market

9 Feb
Following price depreciation in many blue chip stocks, the Nigerian equities market sustained sliding profile yesterday as the all share index (ASI) to slide further by 0.9 per cent.
6 Feb
Transactions on the equities sector of the capital market reopened the week on a downturn, amid sell-off in MTNN, tier-one banks as market capitalisation fell by N437 billion.
5 Feb
The Nigerian Exchange Limited (NGX) banking index led the losers’ chart at the end of last week's transactions with -4.52 per cent loss. Following the sector last week was the insurance indices with -4.07 per cent. The oil and gas indices also declined by -2.47 per cent.
30 Jan
The Nigerian equities market reopened in an upbeat yesterday, as investors jostled for dividend-paying stocks to reposition for the 2023 earning season, causing market capitalisation to appreciate further by N1.24 trillion.
25 Jan
The Nigerian Exchange Limited (NGX) achieved a new record of 100,000 mark as sustained bargain hunting in Dangote Cement Plc propelled the all-share index (ASI) to rise by three per cent.
19 Jan
The reign of the bulls continued unabated on the equities sector of the capital market yesterday as the capitalisation crossed N50 trillion mark, while the all-share index (ASI) hit 91,000 mark.
18 Jan
The Nigerian Exchange Limited (NGX) sustained rising profile at the end of yesterday's transactions as the All-share index crossed 90,000 mark, occasioned by bargain hunting in Dangote Cement Plc and 46 others. The All Share Index (ASI) rose by 2,092.15 points, representing a gain of 2.38 per cent to close at 90,063.25 points. Also, market…
15 Jan
The consumer goods emerged as the best-performing index at the end of last week's transactions on the equities sector of the Nigerian Exchange Limited (NGX) with 9.6 per cent gain.
12 Jan
The equities market rebounded yesterday, as renewed interest in 48 stocks lifted market capitalisation by N314 billion.
10 Jan
The Nigerian equities, yesterday, witnessed an unprecedented rally that propelled a surge in market capitalisation by N1.567 trillion as virtually all the stocks recorded price appreciation.
3 Jan
The Nigerian equities market reopened on a brighter note on the first trading day in 2024 as investors repositioning for 2022 full-year earnings and dividend payout persisted.
1 Jan
Despite rising insecurity and a mix of macroeconomic challenges, the Nigerian equities market soared significantly last year 2023 with investors gaining N13 trillion in nominal terms.
1 hour ago
To enhance Nigeria’s oil production capabilities, the country has been urged to adopt Brazil’s model of public-private partnerships (PPPs) and policy reforms that triggered investments in deep water oil reserves.
18 hours ago
Investors' unfavourable response to the interest rate hike has continued to trigger a selloff on the Nigerian Exchange Limited (NGX) as market capitalisation depreciated by N1.8 trillion in one week.
18 hours ago
The Managing Director of First City Monument Bank (FCMB), Mrs Yemisi Edun, has urged accountants to make sustainability accounting a cornerstone of their practices.
18 hours ago
There seems to be a realisation by both the fiscal and monetary authorities that checking the continuous downward slide of the naira is beyond a single line of policy action, hence the adoption of a multiplicity approach.
18 hours ago
InfraCredit, a specialised infrastructure credit guarantee institution and the African Trade and Investment Development Insurance (ATIDI), a pan-African multilateral development finance institution that provides risk solutions, have signed a counter-guarantee agreement on a portfolio risk sharing arrangement of N37 billion ($40.7 million).
18 hours ago
The Association of Certified Chartered Accountants (ACCA) has collaborated with the Financial Reporting Council (FRC) of Nigeria to promote and further improve corporate governance, tame corruption in the public as well as private sectors.
18 hours ago
The Nigerian Council of Registered Insurance Brokers (NCRIB) has called on the federal and state governments to quickly address insecurity and food scarcity bedeviling the country.
18 hours ago
The Centre for the Promotion of Private Enterprise (CPPE) has warned that the introduction of the expatriate employment levy (EEL) may trigger reciprocal actions from other countries that may affect Nigerians in diaspora and threaten diaspora remittances, which is more than $20 billion.
18 hours ago
Total value of commercial papers (CPs) quoted on FMDQ Exchange in January 2024 was ₦168.9 billion, representing a month-on-month (m/m) decrease of 31.44 per cent (₦77.44 billion) from the value of CPs quoted in December 2023.
1 day ago
Seplat Energy has disclosed earnings of N696.9b for the 2023-operating year, representing a 12 per cent growth in revenue from N403.9 b earned previous year.