Capital Market
6 Oct
The bulls resurfaced on the equities sector of the Nigerian Exchange Limited (NGX), yesterday, as gains in NASCON Allied Industries Plc and 23 stocks lifted total capitalisation by N141 billion.
4 Oct
VFD Group Plc, a sector-agnostic proprietary investment firm, announced yesterday that it has received approval to list its shares on the Nigerian Exchange Limited (NGX). The company's shares will begin trading on Friday, The Guardian was informed. “We are thrilled to have received approval to list on the NGX, which marks a significant milestone for…
4 Oct
The Nigerian equities market opened October upbeat, as gains in BUA Cement and 23 stocks lifted market capitalisation by N213 billion. The all-share index (ASI) gained 388.83 points, representing a gain of 0.59 per cent to close at 66,770.97 points. Also, market capitalisation rose by N213 billion to close at N36.544 trillion. The upturn was…
27 Sep
NGX Regulation Limited (NGX RegCo) has announced that the newly-released Code of Conduct for Approved Persons of Trading License Holders of Nigerian Exchange Limited (NGX) would help establish...
25 Sep
.NGX records N30.4 billion turnover in one week Corporate bonds worth ₦46 billion were listed on FMDQ Exchange in August 2023, compared to July 2023 when there was no corporate bond listing. With the development, the total outstanding value for corporate bonds increased month-on-month (MoM) by 0.07 per cent (₦1.2 billion) to ₦1,795.15 billion during…
22 Sep
Following price depreciation in 30 stocks, the stock market continued on a downturn yesterday, resulting to a further slide in market capitalisation by N36 billion. Accordingly, the all share index (ASI) declined by 64.58 points, representing a loss of 0.09 per cent to close at 68,271.14 points. Also, market capitalisation shed N36 billion to close…
21 Sep
Negative sentiments resurfaced in the domestic stock market yesterday, as profit-taking activities witnessed in Transcorp Hotel Plc and 28 stocks caused an N12 billion decline in the overall market capitalisation.
19 Sep
Following improved half-year (H1) earnings and interim dividend payout from tier-one banks, the Nigerian equities market reopened in an upbeat position yesterday as capitalisation rose by N264 billion. At the close of transactions, the all-share index (ASI) rose by 481.43 points, representing a gain of 0.71 per cent to close at 67,877.17 points. Also, market…
18 Sep
Experts have advocated intervention in the printing sector through the provision of single-digit funds to enable operators to scale up capacity, maintain healthy cash flow and boost profitability.
18 Sep
Heavy transactions in the shares of some banks lifted the volume of shares traded last week, as a turnover of 2.9 billion shares worth N47.4 billion was recorded in 44,654 deals by investors on the floor of the exchange.
14 Sep
The improved corporate performance yesterday lifted market capitalisation by N339 billion as investors continue to reposition for dividend-paying stocks ahead of the 2023 half-year earning season. At the close of transactions yesterday, the all-share index (ASI) gained by 618.68 points, representing a growth of 0.93 per cent to close at 67,378.88 points. Accordingly, market capitalisation…
7 Sep
Following Nigeria's commitment to adopt the International Sustainability Standards Board (ISSB), Chief Executive Officer of NGX Regulation Limited (NGX RegCo), standards, Tinuade Awe, said there is a need for Nigerian banks to swiftly integrate environmental, social and governance (ESG) principles into their business model.
15 hours ago
The Centre for the Promotion of Private Enterprise (CPPE) has warned that an increase of the customs duty exchange rate from N783 to N952/$ would worsen the already-high inflation rate and increase the cost of production.
15 hours ago
FMDQ Spot and Derivatives markets recorded a turnover of $557.8 million, representing a decrease of 6.63 per cent ($39.60 million) for the week ending on December 8 compared to $597.4 million achieved in the previous week.
16 hours ago
Chairman of the Presidential Fiscal Policy and Tax Reforms Committee, Taiwo Oyedele, and other stakeholders have called for tax holidays for businesses operating in Nigeria.
16 hours ago
The Bank Directors Association of Nigeria (BDAN) at its Annual General Meeting (AGM) noted that the association grew its income 29.7 per cent for 2022 compared to the previous year.
16 hours ago
Chief Executive Officer of Wema Bank Plc, Moruf Oseni, has stressed the need to provide an innovative platform to address fundamental issues impacting micro, small and medium enterprises (MSMEs) and women-led businesses while also focusing on climate issues.
16 hours ago
The Securities and Exchange Commission (SEC) has affirmed that an active collaboration between the government and market participants would enhance growth and facilitate economic development.
1 day ago
The Aig-Imoukhuede Foundation has successfully trained 101 public servants through the AIG Public Leaders Programme (PLP), to further improve their deliveries at workplaces.
1 day ago
Oba Adeyeye Ogunwusi The Ooni of Ife, Oba Adeyeye Ogunwusi, has charged the Federal Government to intensify its patronage of local manufacturers as a deliberate means of growing the economy. Speaking in Ile-Ife in commemoration of the eighth anniversary of ascending the Ooni throne, he said the country’s political leaders must begin to patronise local…
1 day ago
Haulage operators in the country have bemoaned the increasingly high cost of operating amid bad roads and insecurity challenges.