Capital Market
26 Feb 2024
The consumer goods, banking and industrial goods indices topped the gainers' chart at the end of last week's transactions on the equities sector of the Nigerian Exchange Limited (NGX) with 4.05 percent, 0.7 per cent and 0.001 per cent.
23 Feb 2024
Crypto enthusiasts exchanged a total value of N1.9 billion via USDT-naira pair on Binance 24 hours after the government’s clampdown on leading digital currency exchange.
23 Feb 2024
The Nigeria equities market halted its gaining streak to close on a downward note, yesterday, as the index dipped by 0.2 per cent amid losses in 28 stocks.
21 Feb 2024
In what may be described as a twist and sudden change in performance, the industrial goods index which was rated worst performing in 2023 has returned a year-to-date gain of over 95 per cent to investors.
21 Feb 2024
Low confidence in the economy has continued to trigger panic selloff in the equities sector of the Nigerian Exchange Limited as investors' lose N2.55 trillion in two trading days.
20 Feb 2024
As a reward for driving value towards sustainable growth and market leadership, BUA Foods Plc has achieved a record market capitalisation of over N5 trillion post-consolidation and listing on the Nigerian Exchange (NGX).
15 Feb 2024
Following gains in many blue-chip stocks, especially Seplat and Airtel Africa, the Nigerian equities market halted losses to close on an upward note yesterday, as investors' fortunes soared by N980 billion.
14 Feb 2024
Transactions on the Nigerian Exchange Limited ( NGX) sustained sliding profile yesterday, as more bluechip stocks depreciated in price, resulting in a further slide in the all-share index (ASI) by 0.3 per cent.
9 Feb 2024
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 2024
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 2024
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 2024
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.
39 mins ago
Five days after Alhaja Sikirat Odumosu, wife of former Assistant Inspector General of Police (AIG) Hakeem Odumosu, was abducted in Arepo, Ogun State, the police are yet to establish contact with her kidnappers.
1 day ago
The Minister of Aviation and Aerospace Development, Festus Keyamo, has flagged off the construction of the XeJet Flight Support and Engineering facility valued at about $10 million at the Nnamdi Azikiwe International Airport, Abuja. The facility, to be constructed by the Chinese Civil Engineering Construction Company (CCECC) over a period of 18 months, will include…
1 day ago
The Kano operatives of the Nigeria Security and Civil Defence Corps have nabbed six motorcycle thieves who attacked and snatched motorcycles from members of the public forcefully. They were arrested in the Gurin Gawa and Bechi areas of Kumbotso Local Government Area of the state. Confirming the arrests of the suspects, the state’s NSCDC spokesperson,…
1 day ago
The Federal Government, on Monday, approved a new 50 per cent hike in the cost of telephone services in the country. This comes 12 years after the last tariff hike was effected. This was announced by the Nigerian Communications Commission (NCC) in a statement signed by the Director of Public Affairs, Reuben Muoka. The new…
1 day ago
Operatives of the Nigeria Police have arrested three suspects who have been stealing cars with master keys in Ondo State. The suspects, identified as Temidayo Folajimi, Rotimi Akinsanoye, and Waheed Adekanmbi, who also buy and sell stolen vehicles, specialized in stealing cars from where they were parked. While parading the suspects at the police headquarters…
1 day ago
Bitcoin hit a record high above $109,000 on Monday as Donald Trump, who has signalled plans to deregulate the cryptocurrency sector, prepares to be sworn in as US president.
1 day ago
The rising rate of insurance claim defaults is unsettling in the sector, and the insured is fast pitching against the insurers.
1 day ago
The Chairman of the Presidential Fiscal Policy and Tax Reforms Committee, Taiwo Oyedele has called for the implementation of the tax reform bills by mid-2025, noting that the current system is holding the country hostage and needs to be fixed.
1 day ago
In response to the consumer price inflation report for December 2024, which put inflation at is34.8 per cent, the Nigeria equities market closed last week trading on a downturn as investors lost N1.4 trillion in five trading days.
1 day ago
In the first nine months of last year, the earnings per share (EPS) of FBN Holdings Plc, the parent company of First Bank of Nigeria Limited as well as its profit grew by 125 per cent year-on-year (Y/Y).