NGX Archives — Page 7 of 11 — City Business News

January 21, 2023 No Responses

Stock Market Closes Week On Negative Note

The local bourse ended the last trading of the week on a negative note as the performance indices declined by 0.06 per cent. Specifically, the market capitalisation dropped by N18 billion or 0.06 per cent to close at N28.646 trillion as...

January 5, 2023 No Responses

Stock Market Extends Gain By 0.12%

The Nigerian Exchange (NGX) on Wednesday gained N34 billion as market capitalisation closed at N28.136 trillion from N28.102 trillion recorded on Tuesday. Also, the All-Share Index (ASI) increased marginally by 61.9 basis points or 0.12 percent to close ...

December 29, 2022 No Responses

NGX Extends Bullish Run, Indices Up 0.46%

The Nigerian Exchange (NGX) on Wednesday extended its bullish trend with market capitalisation rising by N125 billion or 0.46 per cent to close at N27.198 trillion from N27.073 on Friday. Also, the All-Share Index (ASI) gained 228.51 points or 0.46...

December 14, 2022 No Responses

NGX Congratulates CSCS On 25th Anniversary

Nigerian Exchange Ltd. (NGX) has congratulated the Central Securities and Clearing System Plc (CSCS) on its 25th-anniversary celebration, while calling for more collaboration. Its Chief Executive Officer, Mr Temi Popoola, made the remarks during a closing go...

November 10, 2022 No Responses

Investors Gain N9b On NGX

The Nigerian Exchange (NGX) on Wednesday recorded N9 billion gain due to price appreciation in Dangote Cement and some tier-one banking stocks. The primary drivers of the market were Dangote Cement, Guaranty Trust Holding Company (GTCO), Zenith Bank and Unit...

November 9, 2022 No Responses

Agusto Upgrades EDC Nigeria Money Market Fund Rating

Pan- African credit rating agency, Agusto & Co has upgraded the rating of EDC Nigeria Money Market Fund (‘EDC MMF’ or ‘the Fund’) to A(f). Funds rated ‘A(f)’ are deemed to have low to moderate exposure to downside risk, impairment...

October 28, 2022 No Responses

Conoil Shareholders Get N1.7b Dividend For 2021

Shareholders of Conoil Plc, at the weekend, unanimously approved the proposed final dividend payout of N1.734 billion, which translates to N2.50 per share, for the 2021 financial year. The dividend payment ratified at the company’s 52nd Annual General...

October 27, 2022 No Responses

Q3:GTCO Declares N169.7b Profit

Guaranty Trust Holding Company Plc (GTCO) on Wednesday released its unaudited consolidated and separate financial statements for the period ended Sept. 30, to the Nigerian Exchange Ltd. (NGX) and London Stock Exchange (LSE). The Group reported profit bef...

October 7, 2022 No Responses

NGX Group Appoints Umaru Kwairanga New Chairman

The Board of the Nigerian Exchange Group (NGX Group) has appointed Dr Umaru Kwairanga as its new Chairman. The group, in a statement on Thursday in Lagos, said that Kwairanga’s appointment was approved at a meeting on Wednesday. Prior to...

October 1, 2022 No Responses

NGX Group’s Shareholders Re-Elect Non-Executive Directors

Shareholders of Nigerian Exchange Group Plc (NGX Group) on Friday approved resolutions by the company’s Board of Directors to re-elect Mr Apollos Ikpobe and Dr Okechukwu Itanyi as non-executive directors. They both retired by rotation before their re-e...

September 29, 2022 No Responses

Chams, Ardova, Top Gainers‘ Table As NGX Rebounds With N14b

The Nigerian Exchange (NGX) on Wednesday gained N14 billion as market capitalisation closed at N26.531 trillion from N26.517 trillion recorded on Tuesday. Also, the All Share Index (ASI) increased marginally by 10.25 basis points or 0.02 per cent gain to...

September 22, 2022 No Responses

Stock Market Loses N13b In Bearish Trading

Trading on the nation’s bourse again ended negative on Wednesday as market capitalisation lost N13 billion or 0.05 per cent to close at N26.657 trillion against N26.670 trillion on Tuesday. Also, the All-Share Index lost 23.40 points or 0.05 per...

September 16, 2022 No Responses

Selloffs Persist As Equity Market Drops N19b

Profit-taking continued on Thursday as the market capitalisation of the Nigerian Exchange Ltd. (NGX) lost N19 billion to close at N26.721 trillion as against N26.740 trillion the previous day. The All Share Index (ASI) also decreased by 35.45 points or.....

September 1, 2022 No Responses

Fidelity Bank Explains N21.6b Profit, 10k Interim Dividend In H1

Fidelity Bank Plc has released its H1 2022 results recording 21.6% growth in profit to N21.6bn as well as growth in most key ratios. According to the report released on the Nigerian Exchange (NGX) on Tuesday, 30 August 2022, the...