Okomu Oil Tops Loser’s Table As Market Capitalisation  Drop By 9billion

Okomu Oil Tops Loser’s Table As Market Capitalisation  Drop By 9billion

Bearish sentiment continued at the Nigerian stock market on Wednesday following sell-off in Okumu Oil and Fidelity Bank stocks.  Specifically, the market capitalisation lost N9 billion or 0.03 per cent to close at N28.558 trillion from N28.567 trillion on Tuesday. ...
read more
Market Capitalisation Recovers N504b

Market Capitalisation Recovers N504b

The key performance indicators of the Nigerian Exchange closed on Friday with 1.76 per cent growth amid gains in stocks of First Bank of Nigeria Holdings (FBNH), Airtel Africa, amongst others.  Specifically, the market capitalisation inched higher by N504...
read more
Shell Records $9.13b Profits In Three Months

Shell Records $9.13b Profits In Three Months

Energy giant Shell has reported its highest ever quarterly profits as oil and gas prices surge around the world. Shell made $9.13bn (£7.3bn) in the first three months of the year, nearly triple its $3.2bn profit it announced for the...
read more
Ecobank Votes $40m For 2021 Dividend

Ecobank Votes $40m For 2021 Dividend

Ecobank Transnational Incorporated (ETI) is set to pay shareholders dividends of $0.16 per share totaling $40 million for the year ended December 31, 2021, amounting to approximately CFA90, N66.6, or 1.08 Ghana Cedi per share.  The Bank in a statement...
read more
NGX Lists Key Growth Drivers For 2022

NGX Lists Key Growth Drivers For 2022

The Nigerian Exchange (NGX) Ltd. has listed five key areas it will pursue to make significant strides in 2022.  The Chief Executive Officer, NGX, Mr Temi Popoola, listed the key areas as building on digital transformation, listings and delistings, technol...
read more
NGX Market Capitalisation Crosses N25trillion

NGX Market Capitalisation Crosses N25trillion

Transactions on the nation’s bourse sustained positive momentum on Wednesday with the market capitalisation growing by N318 billion to cross over N25 trillion mark.   At the end of the day’s transaction, the market capitalisation rose b...
read more
DMO’s Bond Auction Records  N300b Over Subscription

DMO’s Bond Auction Records N300b Over Subscription

The Debt Management Office (DMO) has revealed that the just concluded Federal Government of Nigeria (FGN) bond auction for January was oversubscribed.  In a statement on Thursday, DMO explained that the auction received a total of 160 bids, adding that...
read more
eTranzact:  Resolving 70m Unbanked Population Will Increase Market Participation

eTranzact: Resolving 70m Unbanked Population Will Increase Market Participation

The Managing Director/Chief Executive Officer of eTranzact International Plc, Mr Olaniyi Toluwalope, has said that leveraging technology could help close the investment gap in the capital market. Toluwalope said this at the Capital Market Correspondents Associ...
read more
Market Capitalisation Dips Further By N83b

Market Capitalisation Dips Further By N83b

Transactions in the domestic equities market carried on last week’s bearish performances with the indices dropping by 0.38 per cent, amid sell pressure.  Thus, the All-Share Index declined by 159.31 points or 0.38 per cent to close at 42,008.60 from...
read more
Airtel, Okomu Oil Top Losers‘ Chart As Investors Lose N340b

Airtel, Okomu Oil Top Losers‘ Chart As Investors Lose N340b

Transaction at the domestic bourse opened the week on a bearish mood with the market capitalisation losing N340 billion in one day, due to drop in large and medium capitalised stocks  Specifically, the market capitalisation, which opened at N20.409 trilli...
read more
CSCS Bags Market Choice Award

CSCS Bags Market Choice Award

The  Central Securities Clearing System (CSCS)  has bagged the prestigious Market Choice award for outstanding counterparty trust assurance.   Mr Haruna Jalo-Waziri, the Chief Executive Officer of CSCS, in a statement explained th...
read more
Market Capitalisation Recovers N109b

Market Capitalisation Recovers N109b

Transactions in the equities market on Thursday rebounded by N109 billion following buying interest in banking and industrial goods stocks.  Consequently, the market capitalisation, which opened at N20.251 trillion, rose by N109 billion or 0.54 per cent t...
read more
Investors Lose N371b In One Trading Session

Investors Lose N371b In One Trading Session

Investors on the Nigerian Stock Exchange (NSE) on Tuesday lost N317 billion in a trading session amid sell pressure on bellwethers.  Specifically, the market capitalisation which opened at N20.612 trillion shed N371 billion or 1.80 per cent to close at...
read more
Renewed Interest In Airtel, Flour Mills, Lafarge Lift Market Capitalisation To N21.7trillion

Renewed Interest In Airtel, Flour Mills, Lafarge Lift Market Capitalisation To N21.7trillion

The Nigerian Stock Exchange on Tuesday extended growth by N259 billion following interest in Airtel Africa, just as the Monetary Policy Committee (MPC) retained the Monetary Policy Rate (MPR) at 11.5 per cent. Specifically, the market capitalisation which open...
read more