Capital Market
25 May 2024
The Nigerian Exchange Ltd. (NGX) has delisted the entire issued share capital of Arbico Plc from its daily official list after 46 years of listing. The NGX disclosed in its weekly official report made available to newsmen in Lagos that the company was delisted on Monday, May 20. The News Agency of Nigeria (NAN) reports…
24 May 2024
The CBN decision to tackle rising inflation through aggressive monetary tightening, which has pushed the Monetary Policy Rate (MPC)
22 May 2024
Despite rate hike, investors increased appetite in the shares of Nestle and Berger Paints lifted the All-Share index further by 0.1 per cent yesterday.
21 May 2024
Despite losses by many equities, transactions at the Nigerian Exchange Limited (NGX) reopened in an upward note yesterday as market capitali
18 May 2024
Additional 402,082,657 ordinary shares of 50 Kobo each of Cadbury Nigeria Plc (Cadbury) were listed on the Daily Official list of Nigerian Exchange Ltd. (NGX) in the concluded week. A weekly report of the NGX made available to newsmen in Lagos stated that the Cadbury additional shares were listed during the week. The NGX explained…
15 May 2024
The Federal Government of Nigeria has listed its April 2024 Savings Bond worth N4.214 billion on the Nigerian Exchange Ltd. (NGX) platform. The listing was announced by Mr. Godstime Iwenekhai, Head of the Issuers Regulation Department at NGX, in a market bulletin. Iwenekhai detailed the bonds, including FGS April 2026, consisting of 1.228 million units…
15 May 2024
Despite price gains that outweighed losses, trading on the nation’s bourse continued on a downturn yesterday, as capitalisation declined further by N133 billion, amid sell pressure in many blue chip stocks.
14 May 2024
The stock market recorded a downturn, resulting in a loss of N132 billion in investors’ wealth on the Nigerian Exchange Ltd. (NGX). This negative trend was primarily driven by sell-offs in Tier-one banking stocks such as Zenith Bank, FBN Holdings, and United Bank of Africa. Apart from Tier-one banking stocks, Wema Bank, Sterling Bank, FCMB,…
13 May 2024
The consumer goods index led the losers’ chart at the end of last week's transactions on the equities sector of the Nigerian Exchange Limited (NGX) with 1.2 per cent occasioned by price depreciation in PZ Cussons (-27 per cent) and International Breweries (-15.3 per cent).
10 May 2024
The equity market reversed losses to close in an upbeat yesterday, as market capitalisation appreciating by N18 billion.
10 May 2024
Exchange Traded Fund (ETF) in Nigeria has grown steadily from a market capitalisation of N988 million in 2011 to N36 billion as of April 2024, the Nigerian Exchange Limited (NGX) has said.
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.
1 day ago
The Simplicity Movement has taken a major step in strengthening its political structure as its leaders, led by High Chief Sobomabo Jackrich (Egberipapa), visited Ogba/Egbema/Ndoni Local Government Area (ONELGA) on Tuesday to inaugurate the LGA and Ward Executives across the 17 wards. Jackrich, a former governorship candidate of the National Rescue Movement (NRM), is at…
1 day ago
The Nigeria Country Director of the Bill Gates Foundation, Uche Amaonwu, has highlighted the urgent need for stronger partnerships to sustain development efforts in Nigeria amid global uncertainties. Speaking at the Goalkeepers Nigeria event in Abuja yesterday, he emphasised that while the foundation’s funding model provides some resilience, the shifting global landscape cannot be ignored.…
1 day ago
The Nigerian stock market has entered a new era of stability and growth as the 37 percent growth in the market index in 2024, coupled with the sustained rally in 2025, has been largely driven by strong participation from local retail and institutional investors, the Managing Director of Arthur Stephen Asset Management Limited, Olatunde Amolegbe has said.
1 day ago
..As firm targets cost optimisation, efficiency others to consolidate performance Oando Plc, Africa’s leading integrated energy company listed on both the Nigerian Exchange Grpup (NGX) and Johannesburg Stock Exchange (JSE), announced a strong financial performance for the Full Year (FY) 2024 as the company's Profit After Tax (PAT) hits N65 5 billion. The company also…
1 day ago
The Nigeria Customs Service (NCS) has intensified its crackdown on fuel smuggling, seizing nearly 200,000 litres of petroleum products in Adamawa State under Operation Whirlwind.
1 day ago
The Minister of State, Petroleum Resources (Gas), Ekperikpe Ekpo, has lamented Nigeria's paradoxical situation as a major gas-endowed nation with alarmingly low natural gas utilization, saying operators like SEPNU should partner with the government to correct the trend.
1 day ago
The World Customs Organisation (WCO) has commended SIFAX Group a “Certificate of Merit” at this year’s International Customs Day celebration in Abuja, Nigeria, themed “Customs Delivering on its Commitment to Efficiency, Security, and Prosperity.
1 day ago
LG Electronics has donated solar-powereed borehole to the University of Benin’s (UNIBEN), marking a significant step toward sustainable water supply and energy efficiency on the campus.
1 day ago
The Project Management Institute (PMI), the leading authority in project management, will showcase industry-leading certifications and offerings tailored for technology professionals, entrepreneurs, ecosystem builders, and innovators at the Tech Revolution Africa Conference 2025.
1 day ago
MultiChoice Nigeria has unveiled its annual Step-Up offer, allowing DStv and GOtv subscribers an automatic upgrade to a higher package when they pay for a package above their current subscription. This exciting initiative provides access to premium content beyond their current package.