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.
3 mins ago
Nigeria's total public debt rose by 5.97 per cent, or N8.02 trillion, to N142.3 trillion as of September 30, 2024, the Debt Management Office (DMO) has said. Nigeria has been battling a rising debt profile, for which experts have expressed concern that the debt may not be sustainable. The DMO said the rise was driven…
47 mins ago
Brothers Across Nigeria International (BAN INT’L), a nonprofit organisation, has provided food items and cash worth N45 million to 145 families of its late members worldwide. Through its welfare arm, the BAN Int'l Outreach Commission (BANOC), the organisation spent over N45 million in December 2024 to support these families, ensuring they could enjoy the festive…
2 hours ago
The Nigerian Communications Commission (NCC) has renewed MTN Nigeria’s 800MHz Spectrum band licence. The approval for the renewal of MTN Nigeria’s first 800MHz Spectrum band licence (Channel 1) for an additional 10 years is effective from January 1, 2025, to December 31, 2034. This was contained in a notice MTN issued at the Nigerian…
4 hours ago
The Federal High Court in Lagos has ordered the arrest of a fleeing worker of the Dangote Industries Limited (DIL), Emmanuel Oku, who was allegedly involved in a diesel fraud of ₦740 million. Justice Deinde Dipeolu issued a bench warrant against Oku on Friday after the latter failed to appear in court for trial despite…
5 hours ago
France’s judiciary on Tuesday issued an arrest warrant for ousted Syrian leader Bashar al-Assad on suspicion of complicity in war crimes, specifically relating to the death of a French-Syrian man in 2017. Investigating judges suspect al-Assad of complicity in murder and attacks on civilians. The newspaper Le Parisien reported that the 59-year-old man was killed…
7 hours ago
Netflix on Tuesday said it added nearly 19 million subscribers during the holiday season to finish out last year with more than 300 million subscribers. Company executives credited steady investments in shows and films with helping power growth at the streaming behemoth, while announcing it is increasing prices in Argentina, Canada, Portugal and the United…
9 hours ago
The Chief Executive Officer of the Centre for the Promotion of Private Enterprise (CPPE), Dr Muda Yusuf, said there is no cause for worry over President Donald Trump’s plan to impose additional tariffs and taxes on goods
9 hours ago
Experts have projected a significant decline in indigenous shipping operations in Nigeria as domestic refinery production rises, reducing the country's reliance on imported petroleum products.
10 hours ago
Lagos Free Zone (LFZ), the first privately-owned zone in Nigeria, has called for collaboration with the Deputy High Commission of Canada to facilitate foreign direct investment (FDI) to the zone.
10 hours ago
Trade Union Congress (TUC) has charged the Taiwo Oyedele-led Presidential Fiscal Policy and Tax Reforms Committee to expand the threshold for tax exemption from N800,000 to N2.5 million.