Investors
4 days ago
The Nigerian Exchange Limited (NGX) halted its three-day losing streak to close in an upbeat yesterday as market capitalisation appreciated by N216 billion amid bargain hunting hunting in Guinness Nigeria Plc and 34 stocks.
6 Mar
The bears maintained dominance on the equities sector of the Nigerian Exchange Limited (NGX) yesterday, as investors Wealth declined further by N289 billion , amid losses in 43 stocks.
3 Mar
Riding on January’s gains, Nigeria’s equities market maintained its upward trajectory in February, adding N2.5 trillion to market capitalisation amid strong investor confidence.
27 Feb
In the last few days, especially after the National Bureau of Statistics (NBS) released its figures on the rebased CPI , which indicated a reduction in inflation figures from 32.5% in December 2024 to 24.5% in January 25, experts have reasonable predicted a considersble difference in the rebased GDP figures when it is released which…
20 Feb
Following gains recorded by many blue-chip stocks, especially BUA Foods and Eterna Plc, transactions on the floor of Nigerian Exchange Limited (NGX) reversed loses, to closed in an upbeat yesterday, with investors' wealth soaring by N505 billion.
4 Feb
The imposition of between 10 and 25 per cent tariffs on importation from Canada and Mexico and Chinese goods by the United States has heightened fears of a global trade war, causing global stock markets to witness a significant decline yesterday.
3 Feb
Bulls sustained dominance in the equities sector of the Nigerian Exchange Limited (NGX) as the 2024 rally rolled into 2025, with investors gaining N1.94 trillion in January.
20 Jan
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.
16 Jan
The Nigerian equities market yesterday, extended losses for the fourth consecutive session, as investors’ wealth declined further by N931 billion, amid price depreciation in 39 stocks.
1 Jan
Amid rising insecurity and other macroeconomic challenges, the Nigerian equities market witnessed remarkable growth in 2024, returning N22 trillion gain to investors.
23 Dec
Heavy transactions in the shares of banks, last week, lifted the volume of shares traded, as a turnover of 2.5 billion shares worth N91.3 billion was recorded in 51,406 deals on the floor of the Exchange.
11 Dec
The Nigerian Exchange Ltd. (NGX) continued its bullish trend on Wednesday, gaining N183 billion. Accordingly, the market capitalisation, which opened at N59.532 trillion, gained N184 billion or 0.31 per cent to close at N59.715 trillion. The All-Share Index also added 0.31 per cent or 303 points, to settle at 98,509.68, against 98,206.97 recorded on Tuesday.…
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The Supreme Court, on Tuesday, affirmed the candidacy of Governor Lucky Aiyedatiwa of the All Progressive Congress (APC) as the Governor of Ondo State. The apex court dismissing the appeal filed by Agboola Ajayi of the Peoples Democratic Party (PDP) held that the appellant lacked the locus stand to pursue the matter. The five-man panel…
3 mins ago
A chieftain of the ruling All Progressives Congress (APC) in Edo State, Mr. Edo Osahon, has alleged that plans by the Peoples Democratic Party (PDP) in the state to use some traditional rulers in the South West to get the Presidency's support have fallen flat. According to Osahon, as part of a last-ditch effort to…
9 mins ago
Supporters of Rivers State Governor under the aegis of National Supreme Council for Sim Worldwide have vowed that the governor cannot be impeached, stating that he has not also violated any law to warrant such a call. The group has therefore, challenged the Tony Okocha-led All Progressives Congress (APC) who on Monday, ordered the governor…
19 mins ago
Nigerian authorities are warily moving to regulate Africa's largest crypto market in long-delayed efforts to create legal certainty in a field still fraught with fraud and volatility. For years, regulators and government officials have viewed cryptocurrencies and other digital assets with suspicion despite their popularity in the country. Nigeria ranked second globally after India in…
20 mins ago
To restore harmony and strengthen ties with its National Assembly caucus, the Labour Party (LP) leadership has inaugurated a three-member Intervention and Truce Committee to resolve lingering tensions between the party and its lawmakers. The committee, led by Ben Etanabene (Chairman), with Mathew Nworgu and Chinedu Obika as members, were tasked with engaging LP legislators…
26 mins ago
The family of Chief Dubem Onyia, a former Minister of State for Foreign Affairs, on Tuesday, announced his passing at age of 73. Speaking on behalf of the family, in a statement, Emeka Onyia, confirmed that Onyia passed away on Monday after a brief illness, surrounded by loved ones. Onyia played a pivotal role in…
33 mins ago
Buoyed by its strong fundamentals, growth trajectory, and prospects of a brighter future, the investment community, comprising shareholders, investors, stockbrokers, and financial analysts, are warming up to participate in the N200 billion rights issue and special placement of Wema Bank Plc, which is scheduled to open on April 1, 2025. Already, some top-notch institutional investors,…
34 mins ago
A combined security agency in Imo State, on Monday, raided forests in the state, arresting eight suspects following reports of kidnappers on the prowl, terrorizing residents Police spokesperson, Henry Okoye, who disclosed this in the evening, said the combing exercise took place within Irete, Avu, Okuku, Ihiagwa, and Obinze, all in Owerri West local council,…
43 mins ago
The special investigative panel set up by the Federal Government to look into allegations of corruption, abuse of power, torture, and cruel, inhumane, and degrading treatment against the Nigerian Correctional Service (NCoS) yesterday began its probe into senior personnel of the service accused of corrupt practices. Secretary of the panel, Dr. Uju Agomoh, who led…
47 mins ago
The Alaafin-elect, Oba Akeem Abimbola Owoade, has announced his plans to change the fortune of the ancient empire. Director of Media and Publicity to the Alaafin, Bode Durojaiye, in a statement, said one of the monarch's agenda was to ensure that graduate youths are taken away from the streets. Durojaiye disclosed that the paramount ruler…