Stock Market Archives — City Business News

March 12, 2025 No Responses

ABC Transport Shares Sustains Momentum As Diversification Excites Investors

ABC Transport Plc has experienced a significant uptick in its stock performance, with shares rising 22% year-to-date, climbing from N1.23 at the start of January to N1.50 as of March 11, 2025. This surge has elevated the company’s market capitalization...

August 3, 2024 No Responses

Capital Market Investors Recover N219b

The equity market rebounded on Friday with N219 billion gain, closing the week’s trading sessions on a positive note in spite of the nationwide protests. The major drivers of the market’s positive performance included Zenith Bank, Access Corporation, Fidel...

January 9, 2024 No Responses

UBA Surpasses N1 Trillion Market Capitalisation Mark

United Bank for Africa (UBA) Plc has joined the group of companies with market capitalisation of over N1 trillion, as its share price value hits N29.90 per share. At the close of trading of the Nigerian Exchange Ltd. (NGX) on...

October 25, 2023 No Responses

NGX, Partners Boost Capital Market Operators Capacity On Single Stock Futures

Nigerian Exchange Limited has held a workshop to inform market stakeholders about NGX’s Single Stock Futures product launch and close the knowledge gap around the asset class as it aims to deepen the Nigerian capital market. Single stock futures (S...

August 29, 2023 No Responses

SEC Seals Offices of Stockmatch

As part of measures to ensure unregistered entities are not allowed to engage in capital market functions, the Securities and Exchange Commission (SEC), on Tuesday, sealed the premises of Stockmatch Investments Ltd in Maiduguri, Borno State for allegedly engag...

August 1, 2023 No Responses

NGX Market Capitalisation Up By N1.8trillion In July

Transactions at Nigerian Exchange Limited (NGX) closed the month of July 2023 on a positive note as earnings and dividend declaration from quoted companies helped NGX market cap gain N1.814 trillion. The gain was also supported by insider dealings among...

July 29, 2023 No Responses

Seplat Energy Declares N278.3b Revenue In Six Months

Seplat Energy Plc, listed on the Nigerian Exchange Limited and the London Stock Exchange, has announced its unaudited results for the six months ended 30 June 2023, recording a rise in revenue by 3.8 per cent to N278.3billion from N219...

July 22, 2023 No Responses

NGX Reclassifies Fidelity Bank As Medium Price Stock

Nigerian Exchange Limited (NGX) has announced the reclassification of Fidelity Bank Plc from Small price stock to Medium price stock. NGX in a statement explained that Rule 15.29 of the Rulebook of The Exchange, 2015 (Dealing Members’ Rules) notes that...

June 23, 2023 No Responses

FRC, ISSB, NGX RegCo, To Unveil IFRS 1, IFRS 2

To provide full information, support investor decision-making and facilitate international comparability to attract capital, the Financial Reporting Council (FRC) of Nigeria and NGX Regulation Limited (NGX RegCo) is set to organize and host the launch of the f...

May 25, 2023 No Responses

Okomu Oil Shareholders Okay N21 Final Dividend For 2022

By Moses Ebosele, ebosele@hotmail.com Shareholders of Okomu Oil Palm Company Plc have approved final dividend of N12 per share for the year ended December 31, 2022. This in addition to the N9 paid as interim dividend amounts to a total of...

May 18, 2023 No Responses

Stock Market Recovers N88b

The All-Share Index (ASI) of the Nigeria Exchange on Wednesday gained 161.53 basis points or 0.31 percent to settle at 52,580.86 compared to 52, 419.33 on Tuesday. Sustained interests in Zenith Bank, Guaranty Trust Holding Company (GTCO), and FirstBa...