Capital Market
25 Mar 2024
Foreign Exchange spot and derivatives markets recorded a turnover of $1,641.18 million for the week ended March 22, 2024, representing an increase of 85.6 per cent ($756.88 million) from $884.3 million achieved in the previous week.
22 Mar 2024
The Nigerian equities market yesterday halted its three-day losses as gains in BUA Cement Plc and 21 others lifted the market by N74 billion.The all-share index (ASI) gained 130.66 points, representing a gain of 0.13 per cent to close at 104,387.47 points.
13 Mar 2024
The dominance of the bulls continued unabated at the end of transactions yesterday on the equities sector of the Nigerian Exchange Limited (NGX) as the all-share index gained 1.5 per cent amid price appreciation in MTN Nigeria Communications (MTNN) Plc and 34 others.
11 Mar 2024
The financial services industry dominated in volume terms at the end of last week's transactions on the equities sector of the Nigerian Exchange Limited (NGX) with 899.5 million shares valued at N15.9 billion traded in 20,278 deals, thus contributing 41.70 per cent to the total equity turnover volume.
8 Mar 2024
The Securities and Exchange Commission (SEC), Nigerian Exchange Limited (NGX), United Capital Asset Management Limited (UCAML) and other capital market operators have canvassed the need for collaboration
8 Mar 2024
Positive sentiments persisted on the equities sector of the Nigerian Exchange Limited (NGX) yesterday, as share price appreciations in Transcorp Power Plc and 25 others buoyed the All-Share Index (ASI) further by 0.8 percent.
7 Mar 2024
Investors increased appetite in the shares of the newly listed Transcorp Power has continued to lift market capitalisation of the Nigerian Exchange Limited (NGX) as investors wealth appreciated by N2.3 trillion in three days.
5 Mar 2024
The market capitalisation of the Nigerian Exchange Limited (NGX) swelled yesterday with the listing of Transcorp Power Plc (TPP) 7.5 billion ordinary shares of 50 kobo on the Main Board.
4 Mar 2024
The Securities and Exchange Commission (SEC), Nigerian Exchange Group (NGX) and United Capital Asset Management Limited (UCAML) have insisted that industry collaboration would boost financial inclusion and wealth creation.
4 Mar 2024
Investors' unfavourable response to the interest rate hike has continued to trigger a selloff on the Nigerian Exchange Limited (NGX) as market capitalisation depreciated by N1.8 trillion in one week.
4 Mar 2024
There seems to be a realisation by both the fiscal and monetary authorities that checking the continuous downward slide of the naira is beyond a single line of policy action, hence the adoption of a multiplicity approach.
29 Feb 2024
The secondary market turnover on the FMDQ Exchange in January 2024 was ₦21.07 trillion, representing a 41.1 per cent month-on-month (MoM) decrease and 61.6 per cent year-on-year (YoY) increase.
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.