Investors have been called upon to recognise Anambra as a prime destination for investment in the agricultural sector and renewable energy solutions. The call was made by Mr Mark Okoye, Managing Director and Chief Executive Officer of the Anambra State Investment Promotion and Protection Agency. He spoke with the...
investors
The domestic bourse rebounded from its previous trading session’s loss, adding N60 billion as investors renewed interest in MTN Nigeria, Oando Plc, Access Corporation and other advancing equities. Specifically, the market capitalisation, which opened at N59.472 trillion, rose by N60 billion or 0.10 per cent to close at N59.532...
The equity market began the week on a bearish note, reversing prior session gains with a loss of N62 billion. The decline was primarily driven by losses in Oando Plc, United Bank for Africa (UBA), Access Corporation, United Capital and Transnational Corporation. Consequently, the market capitalisation, which opened at...
The Nigerian stock market opened the first trading session of the month on a positive note on Monday, gaining N138 billion in market capitalisation. Demand for Tier-One banking stocks, including Zenith Bank, United Bank for Africa (UBA) and Access Corporation, alongside equities such as Transnational Corporation and PZ, drove...
The Nigerian equity market on Friday closed the week on a negative note, recording N168 billion loss for investors. Losses in Seplat, Guaranty Trust Holding Company, Oando Plc, among other declined stocks dragged the market performance down. Specifically, the market capitalisation which opened at N59.275 trillion, lost N168 billion...
The Nigerian stock market recorded a loss of N209 billion in market capitalisation on Wednesday, as investors reacted negatively to the Central Bank of Nigeria’s (CBN) recent interest rate hike. The Monetary Policy Committee (MPC) of the CBN raised the Monetary Policy Rate (MPR) by 25 basis points to...
The domestic bourse extended its bearish trend on Friday, closing the week with a N99 billion loss. Selloffs in Tier-one banking stocks, including Zenith Bank, FBN Holdings, United Bank for Africa (UBA), Access Corporation, and Fidelity Bank, along with Transnational Corporation and other declined equities, dragged the market to...
The Nigerian stock market on Thursday ended its four-day winning streak with a loss of N143 billion. Sell-offs in Guaranty Trust Holding Company(GTCO), Zenith Bank, Oando Plc, among other blue chips, dragged the market performance down. Notably, the Nigerian Exchange Ltd. (NGX) market capitalisation, which opened at N59.534 trillion,...
FBN Holdings Plc’s N150 billion rights issue went live on Wednesday on the Nigerian Exchange Group’s (NGX) digital platform, NGX Invest (invest.ngxgroup.com). The rights issue, offered on a one-for-six basis to existing shareholders, is now accessible through NGX Invest, providing a seamless digital channel for eligible investors to participate....
The Nigerian stock market reversed its gains from the previous session, recording N337 billion loss for investors on Wednesday. Specifically, the Nigerian Exchange Ltd. (NGX) market capitalisation which opened at N58.852 trillion shed N337 billion or 0.57 per cent to close at N58.515 trillion. The All-Share Index also lost...
Opening the week, bearish sentiment persisted at the Nigerian Exchange Ltd. l(NGX) as the market capitalisation shed 318 billion or 0.54 per cent from N59.039 trillion to close at N58.721 trillion. The All-Share Index lost 0.54 per cent or 524.3 points, to close at 96,907.73, against 97,432.02 recorded on...
The stock market reversed its gain on Wednesday, losing N148 billion or 0.25 per cent amid selling pressure in several key stocks. The decline was primarily driven by selloffs in Aradel Holdings, Zenith Bank, FBN Holdings, Access Corporation, and Fidelity Bank, among others. As a result, the market capitalisation,...
To end the week, the stock market rebounded from previous losses, gaining N74 billion. Investor interest in MTN Nigeria, FBN Holdings, Guaranty Trust Holding Company (GTCO) and other equities lifted the market. Notably, the market capitalisation opened at N56.014 trillion, adding N74 billion or 0.13 per cent to close...
Sell-offs in MTN Nigeria, alongside Tier-one banking stocks, on Tuesday, shed 0.12 per cent or N70 billion from the Nigerian Exchange Ltd. (NGX) market capitalisation. Specifically, the market capitalisation, which opened at N56.146 trillion, lost N70 billon to close at N56.076 trillion. The All-Share Index also dropped 0.12 per...
The equity market on Thursday took a further dip, losing N671 billion due to sell-offs in Dangote Cement and Tier-one banking stocks. The Nigerian Exchange Ltd. (NGX) market capitalisation dropped by N671 billion, or per cent, closing at N55.777 trillion, down from N56.448 trillion. Similarly, the All-Share Index declined...
The stock market, on Thursday, reversed some gains from its previous sessions, indicating a loss of N267 billion from the portfolios of investors. Selloffs in MTN Nigeria, Oando Plc, United Bank For Africa (UBA), Fidelity Bank, FCMB Group, alongside Cadbury and United Capital, amongst other declined stocks, drove the...
The Nigerian Exchange Ltd.(NGX) market capitalisation, on Friday, closed positive with N248 billion gain. Specifically, the market capitalisation added N248 billion or 0.44 per cent to its opening of N55.754 trillion to close at N56.002 trillion. The All-Share Index also gained 0.44 per cent or 432 points to close...
The domestic bourse, on Thursday, rebounded with N178 billion profit, following gains from Tier-one banks, as well as some large and medium capitalised stocks. Investors’ renewed interest in Guaranty Trust Holding Company(GTCO),FBN Holdings, Access Corporation, Nestle, Transnational Corporation and Oando Plc, among other advanced equities drove the market up....
The Nigerian equity market opened the week with N111 billion loss recorded for investors, amid supplementary listing of eight billion ordinary shares of Japaul Gold and Ventures Plc. Specifically, the Nigerian Exchange Ltd.(NGX)market capitalisation, which opened at N55.394 trillion, shed N111 billion to close at N55.283 trillion. The All-Share...
President Bola Tinubu on Tuesday gave assurances that the Ibadan-Abuja-Kaduna-Kano railway project would be completed to the satisfaction of Nigeria and West Africa at large. Tinubu said this during a visit to the headquarters of China Railway Construction Corporation (CRCC) in Beijing, his spokesman, Ajuri Ngelale, said in a...