Capital Market
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.
28 Dec
After the two-day holiday declared by the Federal government to commemorate Christmas and Boxing Day, Nigerian equities market reopened on a downturn as the overall market capitalisation declined by N140 billion amid losses in Nestle Nigeria Plc and 20 others.
25 Dec
The ICT index led gainers’ chart at the end of last week's transactions on the equities sector of the Nigerian Exchange Limited (NGX) with 3.6 per cent, propelled by price appreciation in Airtel Africa (+4.9 per cent) and MTN Nigeria (+2.0 per cent). Following the sector last week was the banking index, adding 3.4 per…
22 Dec
Yuletide rally persisted in the equities sector of the capital market yesterday as bargain hunting in Okomu Oil Plc and 49 stocks lifted the all-share index (ASI) further by 1.2 per cent
20 Dec
Stockbrokers have warned that the country may witness mass delisting of manufacturing firms from the stock market and outright exit from the market if urgent steps are not taken to stabilise the foreign exchange (FX) market.
19 Dec
The Nigerian Exchange Limited (NGX) reopened on a positive note, yesterday, as gains in Transcorp Hotel and 17 stocks lifted market capitalisation by N9 billion. Market capitalisation of listed equities gained 0.02 per cent or N9 billion to close at N39.621 trillion from N39.612 trillion reported the previous day. The all-share index (ASI) also appreciated…
14 Dec
Investors repositioning for year-end Yuletide rally persisted at the close of transactions yesterday, as investors’ wealth appreciated by N415 billion in three trading days.
13 Dec
Positive sentiments persisted on the equity segment of the Nigerian Exchange Limited (NGX), yesterday, as increased appetite in MTN Nigeria Communications (MTNN) Plc and 23 stocks lifted market capitalisation by N130 billion
7 Dec
•FUGAZ shares rise by 136% in one year FBN Holdings Plc broke the N1 trillion capitalisation ceiling at the end of yesterday’s trading after its stock surged by close to 10 per cent for the third consecutive session to settle for N29.40 kobo. With yesterday’s rally, the premier bank has joined Zenith Bank and GTCO…
12 hours ago
In a significant strategic shift, LandWey Investment Limited, a leading player in Nigeria's real estate sector, is setting its sights on a public listing, following a bold attempt to acquire UPDC in 2020. According to a statement made available to the media on Wednesday, in Lagos, the property development company said the move marks a…
13 hours ago
The Managing Director of Nigeria Breweries Plc, Hans Essaadi, said the fact that the naira has shown some appreciation against the dollar in recent weeks has had little or no impact on input cost.
13 hours ago
The Ooni of Ife, Oba Adeyeye Enitan Ogunwusi, Ojaja II, said the recently-launched Tingo Cola and Tingo Electric energy drink would not only deepen local content principles and compete locally with other exportable brands but would also provide employment to hundreds of youths in the country.
13 hours ago
Despite the abundance of raw materials needed for self-sufficiency and the production of pulp and paper in the country, Nigeria is still missing out on the massive income to be made on the production, sale and export valued at $360 billion.
13 hours ago
The Chartered Institute of Taxation of Nigeria (CITN) has warned political leaders against abuse of taxpayers' money, stating that collecting tax revenue from taxpayers without using it judiciously weakens the country's taxation system.
13 hours ago
Oil-producing communities in Niger Delta have called for transparency and accountability in the ongoing divestment of oil and gas assets in the region.
13 hours ago
The Presidential Enabling Business Environment Council (PEBEC) in its 2023 Business Facilitation Act (BFA) has adjudged the Nigerian Content Development and Monitoring Board (NCDMB) and the Standards Organisation of Nigeria (SON) as best in business facilitation, with 29 agencies scoring below 50 per cent.
13 hours ago
Daniel Oyeduntan, a seasoned professional with about a decade of experience in data science and machine learning, is capturing the attention of the technology industry across EMEA.
13 hours ago
With a focus on maximizing production from the hydrocarbon assets to enhance revenues and meet production quota, the Nigerian National Petroleum Company Limited (NNPCL) and its joint venture partner in the Awoba Unit Field, Newcross Exploration and Production Limited, have resumed production from the field with an initial average production of 8,000 barrels per day (bpd)
13 hours ago
The Nasarawa State government said it is leveraging industrial, agricultural and mining potential for inclusive and sustainable wealth creation in a bid to drive its industrialisation agenda and position the state as an economic hub.