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....
NGX
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 Nigerian stock market opened the week on a negative note, reversing the gains of previous sessions with a loss of N449 billion. Specifically, the market capitalisation, which opened at N60.261 trillion, decreased by N449 billion, or 0.75 per cent, to close at N59.812 trillion. Also, the All-Share Index...
The Nigerian equity market closed the week on a positive note on Friday, with investors gaining N157 billion. Specifically, the Nigeria Exchange Ltd. (NGX) market capitalisation, which opened at N60.104 trillion, gained N157 billion or 0.26 per cent to close at N60.261 trillion. The All-Share index also added 0.26...
FBN Holdings Plc has appointed Mr Adebowale Oyedeji as its Group Managing Director (GMD), effective Nov. 13. Mr Adewale Arogundade, Company Secretary of the Holdings, confirmed this in a notification sent to the Nigerian Exchange Ltd. (NGX) on Friday in Lagos. Arogundade said that the appointment was subject to...
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,...
The Nigerian stock market started the week on a bullish note, with the listing of Aradel Holdings stocks contributing N3.42 trillion to the Nigerian Exchange Ltd.(NGX) market capitalisation. The News Agency of Nigeria (NAN) reports that Aradel Holdings officially listed its shares by introduction on the Main Board of...
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...
Opening the week’s trading, the Nigerian Exchange Ltd.(NGX)market capitalisation advanced by N79 billion or 0.14 per cent to close at N56.536 trillion, from an opening of N56.457 trillion. The All-share Index also added 0.14 per cent or 139 points, to close at 98,386.60 points, against 98,247.99 posted on Friday....
The equity market, on Wednesday,sustained its bullish momentum by adding N314 billion profit to the portfolios of investors. Specifically,the market capitalisation which opened at N56.133 trillion,gained N314 billion or 0.56 per cent to close at N56.447 trillion. The All-Share Index also rose by 0.56 per cent or 545 points,...
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 stock market, on Wednesday, reversed gains from previous sessions with a loss of N193 billion. Selloffs in Tier-one banking stocks namely, Zenith Bank, Access Corporation, Guaranty Trust Holding Company (GTCO), among other declined equities were the primary drivers of the market’s relapse. The Nigerian Exchange Ltd. (NGX)...
Opening the week, investors interest in the stocks of BUA Foods, FBN Holdings, Zenith Bank, among others advanced equities boosted the overall market index by 0.07 per cent. Specifically, the market capitalisation which opened at N55.129 trillion, gained N37 billion or 0.07 per cent to close at N55.166 trillion....
Investors in the Nigerian equity market lost N64 billion on Thursday due to selloffs in Zenith Bank, FBN Holdings, Transcorp Hotels and other stocks. The market capitalisation dropped by N64 billion, or 0.12 per cent, closing at N54.983 trillion, down from the opening value of N55.047 trillion. Similarly, the...
The Nigerian equity market, on Tuesday, recovered from the previous session’s decline, recording a N66 billion gain. Investor interest in leading stocks such as Seplat, Oando, and StanbicIBTC contributed to the market’s upward trajectory. Notably, the market capitalisation, which opened at N54.382 trillion, added N66 billion or 0.12 per...