stock market
16 Oct
Major Asian and European stock markets mostly fell Wednesday after concerns about the red-hot semiconductor industry fuelled a tech sell-off. Wall Street was shaken Tuesday after Dutch tech giant ASML, which supplies chip-making machines to the semiconductor industry, cut its 2025 guidance and forecast a slump in orders. ASML shares were down around four percent…
8 Oct
Operators have bemoaned less than 18 per cent of Nigerian stock market capitalisation to the country’s Gross Domestic Product (GDP) in the past 64 years of its existence, urging the government to create more market-friendly policies...
20 Sep
The Securities and Exchange Commission (SEC), has restated its resolve to encourage state- owned enterprises to list on the Nigerian Exchange Limited (NGX) in line with the renewed hope agenda of the present administration.
29 Aug
The Nigerian equities market reversed gains, to close on a downturn yesterday, as market capitalisation declined by N176 billion, amid losses in MTN Nigeria (MTNN) and 13 stocks.
19 Aug
As part of efforts to deepen the market and make it more robust, the Securities and Exchange Commission (SEC) has unveiled plans to develop a focused strategy that would attract the younger generation to the capital market.
16 Aug
Negative sentiments persisted on the Nigerian stock market yesterday as all-share index (ASI) dipped further by 0.1 per cent. The index lost 99.24 points, representing a loss of 0.1 per cent to close at 97,100.36 points.
31 Jul
Foreign participation in the Nigerian stock market dropped by 31 per cent in the past 10 years, highlighting the negative impact of the currency crisis on the market.
4 Jun
The Nigerian Exchange Limited (NGX) reopened trading for the month of June on a bearish note as the overall capitalisation declined by N102 billion, amid losses in FBN Holdings (FBNH) Plc and 16 stocks.
24 May
The CBN decision to tackle rising inflation through aggressive monetary tightening, which has pushed the Monetary Policy Rate (MPC)
26 Mar
Following losses recorded by most bluechip stocks, especially Dangote Sugar Refinery and Transcorp Power, trading on the Nigerian Exchange Limited closed on a downward note yesterday as market capitalisation declined by N289 billion.
7 Mar
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.
29 Feb
The aggressive monetary policy tightening by the Central Bank of Nigeria (CBN), which has pushed the monetary policy rate (MPR) by four per cent from N18.75 per cent to 22.75 per cent to tame rising inflation is taking a huge toll on the stock market as investors fortunes plunged by over N1.4 trillion in two trading sessions.
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President Bola Tinubu said on Friday that the passing of Dr Ogbonnaya Onu, former Minister of Science, Technology, and Innovation had cost Nigeria a committed patriot and elder statesman. Tinubu said this at Uburu, Ohaozara Local Government Area of Ebonyi during the burial ceremony of the deceased who passed away at the age of 72…
17 mins ago
President Bola Tinubu on Friday congratulated Chief Onyema Ugochukwu, journalist and former Chairman of the Niger Delta Development Commission (NDDC), on his 80th birthday on Nov. 9. In his message, President Tinubu highlighted Ugochukwu’s illustrious life and career, which spanned several pivotal moments in Nigeria’s history, serving as a profound source of inspiration for the…
19 mins ago
Nigerian singer and global sensation Tems has made history with multiple Grammy nominations in the highly competitive Best R&B Performance category for the 2024 Grammy Awards. Known for her unique voice and genre-blending style, Tems has garnered international acclaim for her contributions to both Afrobeats and global R&B. Tems has been nominated for her chart-topping…
26 mins ago
The Nigeria Police Force in collaboration with an NGO, Centre for Family Peace, have concluded plans to tackle the increasing rate of crimes among juveniles in the country. The Inspector-General of Police (I-G), Olukayode Egbetokun said this at the inauguration of the Steering Committee on the Implementation and Execution of the Annual I-G Conference on…
31 mins ago
The Police Command in Katsina says it has foiled simultaneous attacks on three quarters in Jibia Township, Jibia Local Government Area of the state and rescued 21 abducted victims. ASP Abubakar Sadiq-Aliyu, the Command’s Spokesman, who disclosed this in a statement in Katsina on Friday, said the efforts were in collaboration with the Army, members…
37 mins ago
Nigeria’s own Damini Ogulu, famously known as Burna Boy, has set a record in Grammy Award history. As the ‘African Giant,’ he’s now the first African artiste to receive Grammy nominations for six straight years as the Recording Academy released the full list of nominations on Friday, November 8, 2024. Since 2018, Burna Boy has…
46 mins ago
The Police Command in Gombe State, says it has detained a 28-year-old man (name withheld), for allegedly raping a minor. The Spokesperson of the Command, ASP Buhari Abdullahi, said this while parading the suspect on Friday in Gombe. He said that the police received a complaint from one Ibrahim Sani, a resident of Kufayi village…
1 hour ago
Governor Francis Nwifuru, Abia state governor Alex Otti, that of Enugu state Peter Mba, Minister for Works David Umahi, former Senate President Anyim Pius Anyim, APC national chairman Abdullahi Ganduje, and other dignitaries pay their last respect to former Minister of Science and Technology late Chief Ogbonnaya Onu describing him as a true democrat. Onu,…
1 hour ago
The Nigerian Safety Investigation Bureau (NSIB), in collaboration with other Search and Recovery partners has recovered the Flight Data Recorder (FDR) and Cockpit Voice Recorder (CVR) from the ditched Sikorsky SK76 helicopter. The NSIB’s Director, Public Affairs and Family Assistance, Mrs Bimbo Oladeji disclosed in a statement made available to newsmen on Friday in Lagos.…
1 hour ago
Governor of Ondo State, Lucky Aiyedatiwa, has stated that the legacies of the former late governor of the state, Olusegun Agagu, will be built upon by his administration. The governor, who stated this during his campaign tour to the Okitipupa Loc Council of the State, said that he considers himself fortunate to be the third…