Capital Market

The federal government has announced the launch of Eurobonds worth $500 million under its Global Medium Term Note Programme to finance the 2024 budget deficit. The federal government intends to issue the Eurobonds in two tranches. The first is a six-and-a-half-year bond with a coupon rate of 10.125 per cent, while the second tranche is…

Head of Business Technology and Digital Innovation at Central Securities Clearing System (CSCS) Plc, Mr Tobe Nnadozie, has revealed the role digital innovation is playing in expanding the capital market and the economy. He made the disclosure recently in Ibadan, Oyo State, during the Annual Chartered Institute of Stockbrokers’ Conference 2024. According to him, the…

The Nigerian Exchange Ltd. (NGX) on Monday opened the week positive with N84 billion profit added to the portfolios of investors. Specifically, the market capitalisation which opened at N58.920 trillion, gained N84 billion or 0.14 per cent to close at N59.004 trillion. The All-Share Index also gained 0.14 per cent or 138.1 points, to close…

Following sell-offs of Oando Plc and 20 otherstocks, the Nigerian capital market, yesterday, reversed gains to close on a downward note

The equity market extended its losses on Thursday as the market capitalization dropped by N127 billion, or 0.21 per cent, from N59.559 trillion to close at N59.432 trillion. Similarly, the All-Share Index declined by 0.21 per cent, losing 210.2 points to close at 98,081.38, compared to 98,291.53 recorded on Wednesday. As a result, the year-to-date…

The Nigerian stock market started the week on a bullish note, with the listing of Aradel Holdings stocks contributing N3.42 trillion to the Nigerian Exchange Ltd. (NGX) market capitalization. The News Agency of Nigeria (NAN) reports that Aradel Holdings officially listed its shares by introduction on the Main Board of the NGX at N702.69 per…

Guaranty Trust Holding Company (GTCO) has announced a record net profit of N905.6 billion for the first half of 2024, marking the highest profit ever achieved by a Nigerian-listed company. This result is approximately double the after-tax profit of Dangote Cement, Nigeria's largest company by market value, for the previous year. The company’s net profit…

The Federal Government has opened offers for its dollar-denominated domestic bond of $500m at an interest rate of 9.75 per cent per annum for

Foreign Exchange Spot and Derivatives markets’ turnover for the week ended August 2, 2024, was $1,087.33 million, representing a decrease of 16.5 per cent or $215.24 million from $1,302.57 million recorded on July 26, 2024.

With over N1 trillion loss suffered by stock market investors in July, shareholders have urged the Federal Government to create grant incentives to listed firms to halt the slide.

The high cost of energy continues to take its toll on businesses in the form of high production cost, with two companies spending

The effect of the harsh operating environment has continued to impact negatively on the operations of the nation's brewery industry, as prolonged inflation, unemployment and overall hardship impact negatively on consumer disposable income, resulting in shrinking demands for product.