Capital Market
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.
6 May 2024
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 2024
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 2024
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 2024
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 2024
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 2024
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 2024
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.
12 Apr 2024
Global goods trade is expected to pick up gradually this year following a contraction in 2023 that was driven by the lingering effects of high energy prices and inflation, experts and economists have revealed in a new forecast.
12 Apr 2024
Zenith Bank Plc has announced a remarkable 125 per cent growth in its gross earnings in its 2023 operations, from N945.6 billion reported in 2022 to N2.13 trillion.
9 Apr 2024
Ahead of the Eid-el-Fitr break, the Nigerian Exchange Limited (NGX) reopened on a downturn yesterday, as the All-Share Index shed 0.4 per cent, amid losses in tier one banks.
1 day ago
Transnational Corporation Plc, Nigeria’s leading listed conglomerate, has announced its financial results for the year ended December 31, 2024. Consistent with its track record, the Group sustained its strong growth trajectory across its financial indicators, reinforcing its market leadership and strategic positioning. In its audited results, Transcorp reported significant year-on-year growth, with a revenue of…
1 day ago
As part of efforts towards achieving clean energy and industrial diversification, the federal government has set a target to ensure that at least 30 per cent of locally produced vehicles in Nigeria are electric. Minister of State for Industry, Trade, and Investment, John Uwan-Enoh, disclosed this yesterday at the unveiling of Africa’s largest locally assembled…
1 day ago
JMG Limited, a leading provider of electro-mechanical solutions in Nigeria, joins the global community in celebrating World Engineering Day for Sustainable Development, emphasising the critical role of engineers in advancing the Sustainable Development Goals (SDGs).
1 day ago
The Nigerian Maritime Administration and Safety Agency (NIMASA) has called on the government of Denmark to advocate for a reduction in war risk insurance premiums on ships bound for Nigerian ports, citing the significant improvements in maritime security in the Gulf of Guinea.
1 day ago
Every year, over 280 million tyres reach the end of their useful life globally, with only a fraction—around 30 million—being retreaded or reused. The remaining 250 million scrap tyres often end up in landfills or illegal dumpsites
1 day ago
No fewer than 30 per cent of Nigeria’s 24 million registered Micro, Small, MediumEnterprises (MSMEs) shut down between 2023 to 2024, the Nigerian Economic Summit Group (NESG) has said.
1 day ago
In commemoration of International Women’s Day, Nestlé Professional, an arm of Nestlé Nigeria, has successfully hosted the 10th edition of its Business of Food workshop in Benin.
1 day ago
A top research and marketing intelligence firm, Stonehill Intelligence & Marketing Limited is reinforcing its commitment to delivering high-quality, data-driven insights to businesses across Nigeria.
1 day ago
Industry leaders, policymakers, and financial experts have called for a more robust fiscal policy framework to enhance the development of gas and other infrastructure in the country.
2 days ago
The Federal Government has launched a national electronic register to give real-time access to information about the assets owned by the government to attract more investments to the country.