Stock Market Rebounds By N87b

Stock Market Rebounds By N87b

The Nigerian Exchange (NGX) was upbeat on Monday as market capitalisation increased by N87 billion or 0.33 per cent to close at N26.532 trillion from N26.445 trillion recorded on Friday.  Also, the All-Share Index (ASI) increased by 162.70 basis points,...
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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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Stock Market Loses N13b In Bearish Trading

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...
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SEC: Capital Market Master Plan Promotes Transparency, Market Confidence 

SEC: Capital Market Master Plan Promotes Transparency, Market Confidence 

The Capital Market Master Plan (CMMP) initiatives have helped in promoting transparency, protecting investors and enhancing market confidence, the Securities and Exchange Commission (SEC), reiterated at the weekend.   SEC in a statement issued on Sun...
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WFE: $18 Trillion Wiped Off Global Markets In First Half of 2022

WFE: $18 Trillion Wiped Off Global Markets In First Half of 2022

New data published by the World Federation of Exchanges (WFE), the global industry group for exchanges and central clearing counterparties, lays bare the full economic impact of the Ukraine war upon a global economy still trying to recover from the...
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SEC Receives CIS Delegation, Harps On Cooperation To Bridge Infrastructure Gap 

SEC Receives CIS Delegation, Harps On Cooperation To Bridge Infrastructure Gap 

By Moses Ebosele, ebosele@hotmail.com   — The Director-General, Securities and Exchange Commission (SEC), Mr. Lamido Yuguda has challenged relevant stakeholders to cooperate with the Securities and Exchange Commission (SEC) in its desire to help bridg...
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Again, Naira Depreciates Against Dollar

Again, Naira Depreciates Against Dollar

The Naira on Thursday depreciated further at the Investors and Exporters window, exchanging at N420 to the dollar, a 0.30 per cent depreciation, weaker than N418.75 traded on Wednesday.  The open indicative rate closed at N416.50 to the dollar on...
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Nestlé Nigeria Attains N18b Profit In Three Months

Nestlé Nigeria Attains N18b Profit In Three Months

By citybusinessnews@yahoo.com   — For the first quarter ended March 31, 2022, Nestle Nigeria Plc has declared profit after tax of N 18.0 billion.  According to the unaudited financial statements, the company recorded a revenue of N 110.2 billion ...
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GTCO Declares N54.3b Profit Before Tax In Q1

GTCO Declares N54.3b Profit Before Tax In Q1

Guaranty Trust Holding Company Plc, (GTCO) has released its unaudited financial results for the first quarter of 2022 to the Nigerian Exchange Ltd., (NGX) and London Stock Exchanges, declaring a profit before tax of N54.3 billion.   The group, in 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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2022:FMDQ Group Lists Priorities For Growth

2022:FMDQ Group Lists Priorities For Growth

FMDQ Group has listed priorities to be pursued by the company in 2022 to enhance the growth and development of the fixed income markets.  Ms Kaodi Ugoji, Group Chief Operating Officer, FMDQ Group, said the top priorities were the launch...
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Airtel Africa Joins FTSE 100 

Airtel Africa Joins FTSE 100 

By Moses Ebosele, ebosele@hotmail.com   The London Stock Exchange, on Thursday, announced that Airtel Africa plc will be joining the FTSE100 on Monday, 31 January, 2022.  AIrtel Africa in a statement explained that through its mobile teleco...
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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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NGX Sustains Growth By N130b On BUA Foods Rally

NGX Sustains Growth By N130b On BUA Foods Rally

The bulls sustained trading on the nation’s bourse on Friday with the market capitalisation extending growth by N130 billion.  Specifically, the market capitalisation which opened at N23.497 trillion rose by N130 billion to close at N23.627 trillion.&nb...
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