A stock broker Mr David Adonri, has said the anticipated listing of the Nigerian National Petroleum Company (NNPC Ltd.) on the Nigerian Exchange Ltd. (NGX) will unlock global capital and enable it to surpass President Tinubu’s 60 billion dollars investment goal by 2030, The News Agency of Nigeria (NAN)...
NGX
United Bank for Africa (UBA) Plc has recorded N766.6 billion as profit after tax for the year ended Dec. 31, 2024. This represents 26.14 per cent increase when compared to N607.7 billion posted same period of 2023. This was made known in the bank’s audited financial results filed with...
The stock market opened the week on a positive note, with investors gaining N369 billion and performance indices rising by 0.56 per cent on Monday. Specifically, the Nigerian Exchange Ltd. (NGX) market capitalisation increased by 0.56 per cent to N66.188 trillion from an opening of N65.819 trillion recorded on...
The stock market on Tuesday continued on a negative note as performance indices declined by 0.40 per cent. Specifically, the Nigerian Exchange Ltd. (NGX) market capitalisation fell by N265 billion or 0.40 per cent to N66.078 trillion from N66.343 trillion recorded on Monday. Also, the All-Share Index dropped by...
Trading activities on the Nigerian Exchange Ltd. on Wednesday closed on a negative note as the market capitalisation declining further by N48 billion. Specifically, the Nigerian Exchange Ltd. (NGX) market capitalisation fell by N48 billion or 0.07 per cent to close at N66.436 trillion from N66.484 trillion recorded on...
The stock market opened the week positively, with investors gaining N52 billion and performance indices rising by 0.08 per cent on Monday. Specifically, the Nigerian Exchange Ltd. (NGX) market capitalisation increased by 0.08 per cent to N66.769 trillion from an opening of N66.717 trillion recorded on Friday. The All-Share...
The Nigerian stock market on Friday witnessed a downturn as performance indices declined by 0.23 per cent. Specifically, the Nigerian Exchange Ltd. (NGX) market capitalisation fell by N151 billion or 0.23 per cent to N66.717 trillion from N66.868 trillion recorded on Thursday. Also, the All-Share Index dropped by 0.23...
The stock market on Tuesday witnessed a downturn as performance indices declined by 0.52 per cent. Specifically, the Nigerian Exchange Ltd. (NGX) market capitalisation fell by N345 billion or 0.52 per cent to N66.942 trillion from N67.287 trillion recorded on Monday. Also, the All-Share Index dropped by 0.52 per...
The equity market began the week in the red on Monday, losing N231 billion due to profit-taking by investors. Sell-offs in Tier-one banking stocks like Access Corporation, Zenith Bank, FBN Holdings, and Fidelity Bank, as well as Oando Plc and Berger Paints, caused the decline. The Nigerian Exchange Ltd....
By DAVID IORJA, Abuja – President Tinubu said his administration will support businesses in the financial technology sector that provide payment infrastructure services for Nigerians and Africans. President Tinubu said this when he received the leadership of Flutterwave and Alami Capital in Abuja on Saturday afternoon, according to a statement...
Trading on the Nigerian Exchange Ltd. (NGX) closed negatively, with investors losing N72.51 billion on Monday. The market capitalisation, which opened at N67.418 trillion, fell by 0.10 per cent to close at N67.345 trillion. Similarly, the NGX All-Share Index (ASI) dropped by 0.10 per cent, settling at 107,937.74 points....
The Nigerian stock market maintained its upward momentum on Thursday, driven by the listing of 19.803 billion ordinary shares of FCMB Plc at 50k per share. This contributed an additional N347 billion gains to the market capitalisation at the close of the session. Notably, the market capitalisation, which opened...
The Nigerian equities market closed bullish on Wednesday, leading to N364 billion gains for investors. The positive performance was driven by the release of full-year 2024 financial results from listed companies. Specifically, the market capitalisation, which opened at N64.156 trillion, added 364 billion or 0.57 per cent to close...
The Nigerian stock market opened the week on a positive note to add N795 billion to the portfolios of investors. The performance was driven by the listing of 4.706 billion ordinary shares of Guaranty Trust Holding Company Plc(GTCO) at N44.50 per share. Accordingly, the market capitalisation which opened at...
The equity market reversed its bullish trend on Wednesday, recording a loss of N186 billion. Selloffs in major stocks such as MTN Nigeria, Aradel Holdings, Dangote Sugar and Nigerian Breweries drove the market into negative territory. The market capitalisation of listed equities dropped by N186 billion, or 0.29 per...
The Nigerian stock market started the week on a positive note, recording a gain of N10 billion or 0.02 per cent, boosting investor portfolios. The Nigerian Exchange Ltd. (NGX) market capitalisation increased from N62.851 trillion at the opening to N62.861 trillion at the close of trading on Monday. Similarly,...
The equity market, on Wednesday, dipped further as the market capitalisation shed N931 billion or 1.47 per cent to close at N62.257 trillion, having opened at N63.188 trillion. The All-Share Index also lost 1.47 per cent or 1,526.14 points to close at 102,095.95, against 103,622.09 reported on Tuesday. Accordingly,...
Bearish sentiments persisted on the stock market on Tuesday, making investors incurred a loss of N1.1 trillion. Selloffs in MTN Nigeria, Zenith Bank, Guaranty Trust Holding Company Plc (GTCO), Dangote Sugar and United Capital, among others declined equities further drove the market to a negative terrain. Specifically, the market...