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...
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By JOHN ONAH, Abuja – Kogi State Governor, Alhaji Ahmed Usman Ododo has been making efforts to woo investors to develop the solid mineral resources in the State. Special Adviser on Media to the Governor, Hon. Ismaila Isah made this known on Monday while speaking on a Radio Interview...
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...
The domestic bourse on Tuesday broke its winning streak with a loss of N152 billion, following investors’ sell-offs of Tier-one banking stocks. Notably, losses in Zenith Bank, United Bank for Africa (UBA), Access Corporation, Oando Plc, Dangote Sugar, Nigerian Breweries, alongside other declined equities dragged the market down. The...
The stock market started the week on a positive note on Monday, with investors’ portfolios gaining N37 billion. Specifically, the market capitalisation, which opened at N63.166 trillion, increased by N37 billion or 0.06 per cent to close at N63.203 trillion. Similarly, the All-Share Index rose by 62 points or...
The domestic bourse on Friday sustained its positive momentum to close the week with N248 billion gain. Specifically, the market capitalisation, which opened at N62.918 trillion, added N248 billion or 0.39 per cent to close at N63.166 trillion. The All-Share Index also advanced by 0.39 per cent or 406.2...
Securities and Exchange Commission (SEC) has identified limited investor participation, regulatory hurdles and macroeconomic instability as key obstacles hindering the capital market’s contribution to the nation’s one trillion dollar economic goal. The Director-General of SEC, Dr Emomotimi Agama, said this at the 2024 SEC Journalists Academy held in Tuesday...
Opening the week, the Nigerian stock market extended gains from its previous session, leading to N331 billion profit for investors. Buy interest in Zenith Bank, FBN Holdings, Oando Plc, Aradel, Transnational Corporation, among other advanced equities drove the market’s performance up. The market capitalisation, which opened at N60.241 billion,...
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...
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,...