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...
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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...
Opening the week on Monday, investors on the Nigerian stock market lost N750 billion from their portfolios as bearish sentiment persisted. Specifically, selloffs in the stocks of Dangote Cement, alongside Tier-one banks, namely; Guaranty Trust Holding Company (GTCO), FBN Holdings, among other declined equities pulled the market’s performance down....
The domestic bourse, for the fourth consecutive session, extended its losses by N57 billion, driven by selloffs in FBN Holdings, Access Corporation and Transnational Corporation, among others. Specifically, the market capitalisation, which opened at N55.188 trillion, shed N57 billion or 0.10 per cent to close at N55.131...
The Nigerian Exchange Ltd.(NGX) market capitalisation on Tuesday extended losses by N278 billion or 0.50 per cent, following selloffs in BUA Cement, Zenith Bank, FBN Holdings, among other declined equities. Notably, the market capitalisation which opened at N55.574 trillion closed at N55.296 trillion. The All-Share Index also decreased...
The domestic bourse reversed its previous session’s gain on Monday, recording a loss of N404 billion or 0.72 per cent for equity market investors. The market’s decline was primarily driven by losses in major stocks, including BUA Cement and Tier-one banks such as Zenith Bank and Guaranty...
Investors’ renewed interest in MTN Nigeria, Zenith Bank, Guaranty Trust Holding Company (GTCO), and other stocks on Thursday made the equity market to gain N578 billion. Notably, the market capitalisation of listed equities on the Nigerian Exchange Ltd. (NGX) rose from N55.130 trillion to N55.708 trillion, reflecting...
The equity market rebounded on Friday with N219 billion gain, closing the week’s trading sessions on a positive note in spite of the nationwide protests. The major drivers of the market’s positive performance included Zenith Bank, Access Corporation, Fidelity Bank, Transnational Corporation, United Capital, and Oando, among other...
The stock market experienced a bearish start to the month, shedding N235 billion in value amid cautious investor sentiment triggered by ongoing nationwide protest. Specifically, market capitalisation reduced to N55.278 trillion from an opening of N55.513 trillion, having shed N235 billion or 0.42 per cent from investors’ portfolios....
N Stock market investors lost N32 billion on Wednesday, as bearish sentiment continued to dominate trading on the Nigerian Exchange Ltd.(NGX) for seven consecutive sessions. Selloffs in Zenith Bank, Access Corporation, Transnational Corporation, Nigerian Breweries, Unilever, among other declined equities further weakened the market’s performance. Specifically,...
By JOHN ONAH, Abuja – The Chairman/CEO, of Nigerians in Diaspora Commission (NIDCOM), Hon Abike Dabiri-Erewa has commended a US based institute, Canvas, for not only investing int the country, but also wooing investors. Hon. Dabiri-Erewa made this remark on Wednesday in Abuja where she joined a family...
Former Chairman of the House of Representatives Committee on Petroleum (Downstream), Dr Dakuku Peterside, has urged the Federal Government to implement policies that incentivise investment in local refinery capacity. Peterside, in an interview with the News Agency of Nigeria (NAN) on Wednesday in Lagos, emphasised the need to...
The Nigerian Exchange Ltd.(NGX) has delisted the shares of Niger Insurance Plc, Resort Savings and Loans Plc and RAK Unity Petroleum Plc from its facilities, effective July 18. NGX, in its weekly report, said that the three companies were delisted on the grounds that they were operating below...
The domestic bourse on Tuesday maintained a downward trend for the fourth consecutive session, causing investors to lose N114 billion. Selloffs in Guaranty Trust Holding Company (GTCO), Zenith Bank, FBN Holdings, Access Corporation, Ikeja Hotel, May & Baker, and RT Briscoe, among other declining equities, drove the...
The President, Dangote Industries Ltd, Alhaji Aliko Dangote, has identified solutions to sustaining existing local and foreign investments as well as attracting new investors into the country. Dangote gave the solutions in a keynote speech delivered at the opening of a three-Day Nigeria Manufacturers Summit with the theme,”...
The domestic bourse continued its downward trend on Tuesday as investors sold off banking, consumer and industrial stocks. Consequently, Nigeria Exchange Ltd. (NGX) market capitalisation shed N49 billion or 0.09 per cent to close at N56.126 trillion, having opened at N56.175 trillion. The All-Share Index also...
Losses in Teir-one banking stocks on Friday pushed the market indices into a negative terrain, making investors to lose N56 billion. Specifically, sell-offs in the stocks of Guaranty Trust Holding Company (GTCO), Zenith Bank, FBN Holdings, Fidelity Bank, Wema Bank, as well as Nestle and African Prudential, among...
The stock market, resuming from the Sallah break on Wednesday, closed on a negative note with indices dropping by 0.08 per cent, amid sell pressure. Sell pressure in the stocks of MTN Nigeria, alongside Tier-one banks, namely: FBN Holdings, United Bank For Africa (UBA), as well as Nigerian...
Trading on the Nigerian Exchange Ltd. (NGX) this week closed higher by 1.73 per cent, following investors’ increased demand for banking, insurance, consumer as well as oil and gas stocks. Specifically, the All-Share Index and Market Capitalisation appreciated by 1.73 per cent to close the week at 99,300.38...
The Minister of the Federal Capital Territory (FCT), Mr Nyesom Wike, on Tuesday, wooed investors from Sweden and Rwanda, to invest in the territory’s tourism sector and environmental management. Wike expressed the FCT Administration’s readiness for the partnership when the Swedish Ambassador and Rwandan High Commissioner visited him in...