Market Capitalization Archives — City Business News

March 17, 2023 No Responses

Market Capitalisation Down By N313b

The equity market, on Thursday, extended its losing streak for the fifth successive session as the market capitalisation decreased by N313 billion due to investors’ continued profit-taking. The All Share Index (ASI) fell by 574.59 absolute po...

February 21, 2023 No Responses

Market Capitalisation Gains N228b

Activities at the equity market of the Nigerian Exchange Ltd.(NGX) on Monday recorded a positive position, gaining N228 billion amid renewed interest in telco heavyweight, Airtel Africa. The market capitalisation which rose by N228 billion, or 0.78...

November 4, 2022 No Responses

Market Capitalisation Drop By N25b

The equity market extended losses on Thursday as the market capitalisation shed N25 billion or 0.10 per cent to close at N24.094 trillion from the 24.119 trillion on Wednesday. Similarly, the All-Share Index dipped by 46.32 points or 0.10 per...

June 2, 2022 No Responses

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...

May 28, 2022 No Responses

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...

May 6, 2022 No Responses

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...

March 16, 2022 No Responses

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...

February 4, 2022 No Responses

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...

January 27, 2022 No Responses

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...

January 21, 2022 No Responses

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...

December 7, 2021 No Responses

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...

December 7, 2021 No Responses

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...

June 16, 2021 No Responses

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...