Stock Market – Page 5 – City Business News

December 9, 2021 No Responses

Nigerian Stock Market Sustains Growth By N217b

Sentiments remained positive in the domestic stock market on Wednesday with a growth of N217 billion arising from price rally recorded by MTN Nigeria Communications (MTNN) and 19 other stocks. Specifically, the market capitalisation inched higher by N217...

December 8, 2021 No Responses

How To Tackle Unclaimed Dividends Through Identity Management, By SEC DG

The Securities and Exchange Commission (SEC) has disclosed that the Commission is engaging relevant stakeholders in a bid to resolve issues of identity management which will assist in solving the rising unclaimed dividends in the capital market as well as...

December 8, 2021 No Responses

NGX Recovers N5b

The Nigerian stock market rebounded on Tuesday by five billion naira to halt six days consecutive bearish outing. Specifically, the market capitalisation which opened at N21.920 trillion inched higher by five billion or 0.02 per cent to close at N21.925....

December 8, 2021 No Responses

CBN Earmarks N5b Loan For Investors

The Central Bank of Nigeria (CBN) on Tuesday released guidelines for its “Production and Productivity” initiative, through “100 projects for EVERY 100 days” project. Information in the apex bank’s website revealed that the initiative was design...

December 7, 2021 No Responses

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...

December 7, 2021 No Responses

Market Capitalisation Dips Further By N83b

Transactions in the domestic equities market carried on last week’s bearish performances with the indices dropping by 0.38 per cent, amid sell pressure. Thus, the All-Share Index declined by 159.31 points or 0.38 per cent to close at 42,008.60 from...

December 5, 2021 No Responses

SEC Implores Capital Market Stakeholders On Technology Innovations

The Director-General, Securities and Exchange Commission (SEC), Lamido Yuguda has challenged stakeholders in Nigeria’s capital market to leverage technology as part of measures to boost financial inclusion. In his keynote address on Sat...

December 3, 2021 No Responses

Nigerian Stock Market Extends Losing Streak By N113b

The Nigerian stock market extended bearish mood on Thursday on the back of sell pressure on Seplat Energy and 33 others. Specifically, the market capitalisation dropped further by N113 billion or 0.51 per cent to close at N22.044 trillion from...

December 1, 2021 No Responses

NGX Drops Further By N12b

The Nigerian stock market ended trading for the month of November on Tuesday still on a bearish note with a loss of N12 billion. Specificaly, the market capitalisation inched lower by N12 billion or 0.05 percent to close at N22.566...

November 30, 2021 No Responses

NGX Records N20b Loss

Trading in the domestic equities market started the week on Monday with negative sentiments following sell pressure in 20 stocks. Speficially, the market capitalisation which opened at N22.598 trillion lost N20 billion or 0.09 per cent to close at N22.57...

November 10, 2021 No Responses

SEC Nigeria Urges Corporates to Leverage on Islamic Capital Market

As part of its developmental role, the Securities and Exchange Commission (SEC) has reiterated its commitment to encourage corporates to leverage on the Islamic Capital Market by providing and ensuring an attractive enabling environment. Dire...

October 30, 2021 No Responses

Guinness, Custodian Insurance, AIICO Top Gainers’ Chart As Bulls Sustain Dominance On NGX

The bulls maintained dominance on the Nigerian Exchange Ltd (NGX) on Friday with the All-Share Index crossing 42,000 mark on sustained gains. Specifically, the index inched higher by 77.46 points or 0.18 per cent to close at 42,038.60 from 41,961.14...

October 28, 2021 No Responses

SAHCO Attains N6.4b Revenue In Nine Months

By Moses Ebosele, ebosele@hotmail.com — For the nine months period ended September 2021, Skyway Aviation Handling Company Plc (SAHCO) attained N6.2b (N6,423,637) revenue, compared with N4.9 (N4,955,544) recorded within same period in 2020.&n...