Stock Market Archives — City Business News

September 23, 2022 No Responses

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...

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 9, 2022 No Responses

Equity Market Recovers N29b

Bullish sentiment returned to the Nigerian stock market on Thursday following investors’ interest in Union Bank and United Bank for Africa (UBA) as the first gain of the week. Specifically, the market capitalisation rose by N29 billion or 0.11 per...

August 25, 2022 No Responses

Stock Market Recovers N65b

Trading activities on the Nigerian Exchange Ltd., (NGX) closed on a positive note on Wednesday, with indices growing by 0.22 per cent following gains by BUA Cement, Nestle and Stanbic Bank Specifically, the market capitalisation gained N65 bil...

August 22, 2022 No Responses

SEC Seeks Tax Exemption On Corporate Bonds

The Securities and Exchange Commission (SEC) has urged the federal government to consider its proposal to exempt corporate bonds from the payment of tax. Speaking in Lagos at an interactive session with Journalists on the outcome of the second...

August 20, 2022 No Responses

SEC To Sanction Stakeholders Over Unclaimed Dividends

The Securities and Exchange Commission (SEC) has threatened to sanction stakeholders whose actions are frustrating its efforts toward reducing the volume of unclaimed dividends. Director-General of SEC, Mr Lamido Yuguda, said this at a post-Capital Marke...

August 13, 2022 No Responses

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...

June 22, 2022 No Responses

SEC Nigeria Identifies Critical Factors For Successful Capital Market Inclusion

Availability, affordability, accessibility, awareness and adequacy of capital market products will drive inclusion in the market across the country, the Securities and Exchange Commission (SEC), has said Mr Lamido Yuguda, the Director-General of SEC, out...

June 22, 2022 No Responses

Stock Market Rebounds, Capitalisation Increases By N180b

The market capitalisation of the Nigerian Exchange (NGX) closed trading on Tuesday with a gain of N180 billion to close at N27.544 trillion against N27.364 trillion posted on Wednesday, halting five days of consecutive losses. Similarly, the All-Share In...

May 7, 2022 No Responses

CSCS Grows Revenue by 39.2%, Pays N3.7Billion Dividends

In keeping to its commitment of ensuring strong and sustainable returns to its shareholders, the Board of Central Securities Clearing System (CSCS) Plc has proposed a total dividend of N3.7Billion to its shareholders, reinforcing the value accretion to its equ...

May 6, 2022 No Responses

Oil Edges Up On Supply Jitters

Oil prices edged up on Thursday on supply worries after the European Union (EU) laid out plans for new sanctions against Russia including an embargo on crude. Reuters report that pressure from a stronger dollar and a drop in global...

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...

April 30, 2022 No Responses

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 ...