Stock

Equity trading on the Nigerian Exchange Limited (NGX) closed trading on Tuesday, June 27th, 2023, in the green territory as the NGX All-Share Index appreciated by 1.3% to cross 60,000 index points.   This is the highest point the ASI has reached in over 15 years.  Investors sentiment has remained positive …

The Executive Secretary of the Stakeholders in Blockchain Technology Association of Nigeria (SiBAN), Rume Ophi, has applauded the Federal Government of Nigeria for its recent adoption of the nationwide blockchain policy. Recommended articles Breaking News: Fmr FCMB chairman, Otunba Subomi Balogun, is dead Babysitter confesses, narrates how she defiled one …

The Group Managing Director/Chief Executive Officer, United Bank for Africa (UBA) Plc, Oliver Alawuba, has said that the bank’s consistent investment in strengthening its digital channels have been paying off as UBA is well-positioned to meet the growing demand of its customers across Africa and beyond. Alawuba said this during …

Africa’s Global Bank, United Bank for Africa (UBA) Plc, has announced its audited financial results for the half year ended June 30, 2022, recording double-digit growth across key income lines as well as significant progress in the contribution from its subsidiaries. At the end of the first two quarters of …

Sustained sell pressure witnessed on shares of some blue-chip firms quoted on the Nigerian Exchange has resulted in shareholders of MTN Nigeria Plc losing about N417 billion in a day of trading. Checks showed that the telecom stock dropped by 9.62% to N192.50 per share from N213 the previous day. …

The NGX closed on a negative note amidst sell-offs and buy-interests as the benchmark All-Share Index (ASI) depreciated by 6 basis points.   The NGX ASI closed at 51,556.54 points to reflect a decline of 0.06% from the previous trading day and a Year-to-Date (YTD) return of 20.69%. Meanwhile, the market …

Nigerian Exchange Limited has suspended trading in the shares of Greif Nigeria Plc to ensure a smooth winding up process. This following the approval of the shareholders of Greif Nigeria Plc at its Annual General Meeting which was held on 31 January 2022, authorizing the commencement of the process of …

A Nigerian energy solutions provider, Oando, has finally released its long-anticipated full-year 2019 and 2020 financial statements. The company confirmed the development in a statement issued on its website on Wednesday and obtained by the News Agency of Nigeria (NAN) in Lagos. The statement said the three-year delay in the …

Nigerian stocks capped a bearish week with depreciation worth N749.8 billion on Friday as the main equity index shed 1.21 per cent, a retreat triggered by sell-off in bank shares. It has been an especially difficult week for bank stocks in finding investors, which has set the banking index (the …

The directors of First City Monument Bank (FCMB) are buying into the lender’s shares in the Nigerian stock market, a move that encouraged minority shareholders to retain their investment. In a market analysis of the directors’ shares acquisitions, it was gathered that at least 7.37 million shares were acquired last …

The Nigerian Exchange Group (NGX) closes negative for the second consecutive trading day, quoted Tier-1 banks lost a combined market value of N28.35 billion in a day, weighing down the stock market’s overall performance. The performance of these banks, which are the most capitalized banks on the NGX, resulted in …

Bullish sentiments persisted in the Nigerian equities market, on Thursday, as interest in top telecommunication player, MTN Nigeria drove the benchmark index higher having appreciated in value by 6.1 per cent. Accordingly, the All-Share Index (ASI) of the Nigerian Exchange Limited (NGX) rose by 1.4 per cent to 50,835.95 basis …

The equity capitalisation rose to N26.17 trillion on Monday as the Nigerian capital market extended its bullish run with N45.13 billion gain for investors at the close of the day’s business. The figure was 0.17 percent higher than N26.12 trillion posted by the bourse last week. The All-Share Index rose …

U.S. stocks and oil tumbled on Friday while bond yields continued to gain as investors prepared for a bevy of interest rate hikes in a global inflation fight. All three major indices on Wall Street steepened their losses one day after Federal Reserve Chairman Jerome Powell indicated that the U.S. …

The Nigerian Exchange (NGX) Limited, on Tuesday, July 13, marked the listing of Guaranty Trust Holding Company Plc’s (“GTCO Plc”) shares with a Closing Gong Ceremony on the main floor of the exchange. This follows the completion of all regulatory requirements for the corporate reorganization of the leading financial institution …

The Federal Inland Revenue Service (FIRS), on Thursday, requested some commercial banks in the country to freeze and recover N1.8 trillion from accounts of MultiChoice Nigeria Limited (MCN) and MultiChoice Africa (MCA). Following this directive, MultiChoice Group’s share price dropped by 2.92 per cent at 12:15 pm on Thursday after …

The equity market rebounded by 0.15 per cent on Tuesday after investors showed keen interest in banking stocks, especially FCMB, GT HoldCo, Zenith Bank and others. Investors in the ‘equity forest’ were hunting for FCMB and this ticker closed as the most active with the sale of 40.7 million units …

Airtel Africa Plc led gainers with 9.97 percent to slightly dragged the Nigerian Stock Exchange out of the red zone this week. The market capitalisation of listed equities expanded by 0.01 percent to close the week at N12.952 trillion. While the NSE All-Share Index gained 0.01 percent or 2.27 basis …

MTN Nigeria led losers on Thursday as market rout continues across the Nigerian Stock Market. The market capitalisation of listed equities depreciated further by N1 billion from N12.86 trillion on Wednesday to N12.85 trillion on Thursday. While the NSE All-Share Index dipped by 0.12 percent from 24,655.05 basis points on …

The nation’s bourse returned to negative territory on Thursday with indices declining by 1.36 per cent, due to profit taking. Consequently, the All-Share Index decreased by 309.51 points or 1.36 per cent to close at 22,470.79 against 22,780.30 achieved on Wednesday. Similarly, the market capitalisation dipped by N162 billion or …