Stock Market Extends Gain By 0.12% 

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 at 51,657.56...
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Investors Gain N9b On NGX 

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...
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Stock Market Drops Further by N124b 

Stock Market Drops Further by N124b 

The stock market closed on Thursday on a negative note as market capitalisation decreased by N124 billion or 0.47 per cent to close at N26.533 trillion from N26.657 trillion on Wednesday.  The All-Share Index (ASI) also dropped by 231.57 points...
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Presco: Sustaining Growth Through Expansion 

Presco: Sustaining Growth Through Expansion 

No doubt, Presco Plc is one of the most fundamental stocks on the Nigerian Exchange Limited (NGX).  In its unaudited 2021 financial statement for the period ended December 31, 2021, Presco Plc  improved on profitability as the management ex...
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Investdata Q2 Master Class On Opportunities In Volatile Market Holds Saturday

Investdata Q2 Master Class On Opportunities In Volatile Market Holds Saturday

Investdata Consulting Limited will on Saturday hold its regular quarterly master class on 2022 titled Trading opportunities in a volatile market and defensive sectors in a pre-election year, between 9am and 4pm, on Saturday, April 2, 2022, via Zoom.  A...
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GTCO Explains N5.4Tri Total Assets, ₦221.5b PBT In 2021

GTCO Explains N5.4Tri Total Assets, ₦221.5b PBT In 2021

For the year ended December 31, 2021, Guaranty Trust Holding Company Plc (GTCO) has released its audited consolidated and separate financial statements to the Nigerian Exchange Group (NGX) and London Stock Exchange (LSE).&nbs...
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United Capital Proposes 114% Increase In Dividend

United Capital Proposes 114% Increase In Dividend

United Capital Plc, an investment bank and pan-African financial services group, has proposed 114 per cent dividend increase to N1.50 for every 50k ordinary share for the financial year ended Dec. 31, 2021.  The Group Chief Executive Officer of the...
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GTCO Acquires Wealth Management Firm  

GTCO Acquires Wealth Management Firm  

Guaranty Trust Holding Company Plc (GTCO Plc) has acquired 100 per cent shares in Investment One Funds Management Limited, a wealth management company.  GTCO in a notice signed by Erhi Obebeduo and sent to the Nigerian Exchange Limited on Monday,...
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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...
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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...
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NGX Closes 2021 Last Trading Day With N471b Gain

NGX Closes 2021 Last Trading Day With N471b Gain

The nation’s bourse rebounded on Friday to close the last trading day of 2021 with a growth of N471 billion due to gains posted by some blue chips.  Speficially, the market capitalisation inched higher by N471 billion or 2.16 per...
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Vitafoam Declares N1.87b Dividend

Vitafoam Declares N1.87b Dividend

Vitafoam Nigeria Plc has posted a profit before tax (PBT) of N6.78 billion for the full year ended Sept. 30, 2021  The company’s Group Managing Director, Mr Taiwo Adeniyi, disclosed in this in its audited financial statement sent to Nigerian...
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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...
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NGX Outlines Benefits Of Special Purpose Acquisition Firms

NGX Outlines Benefits Of Special Purpose Acquisition Firms

The Nigerian Exchange Ltd (NGX) has identified the Special Acquisition Compaines (SPACs) as a timely solution that will offer an alternative route to increasing the number of listings in the capital market.  The Head, Listing Business of the NGX, Mr...
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