The Nigerian Exchange Ltd.(NGX) extended gains on Friday, causing investors’ wealth to grow further by N582 billion due to buy interest on the nation’s bourse. Specifically, investors gained N582 billion in value as market capitalisation grew to N59.416 trillion from N58.834 trillion recorded on Thursday. Consequently, the All-Share...
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By BARBARA KALU, Port Harcourt – A media group in the Niger Delta has explained that it picked the Mayor of Housing, My-ACE China, as the highest award in business and investment because of the man’s track records in wooing investors to come to the oil region. The group,...
The Central Bank of Nigeria (CBN) has successfully concluded the sale of government securities following the issuance of N1.053 trillion (680 million dollars) in short-term instruments. A statement issued on Sunday night by CBN’s Acting Director, Corporate Communications Department, Mrs Hakama Sidi, stated that the sale is part...
By DAVID IORJA, Abuja – President Bola Tinubu has reiterated his government’s resolve to fight corruption and create a good business environment, urging Qatari investors to report any Nigerian government official who asks for bribe. Tinubu said this at the Nigeria-Qatar Business and Investment Forum in Doha, on...
The financial services industry during the week led activities on the equity market of the Nigerian Exchange Ltd. (NGX) as investors traded a total turnover of 1.6 billion shares worth N36.50 billion in 42,546 deals this week. The NGX weekly market report revealed that this was in contrast...
The equity market of the Nigerian Exchange Ltd. (NGX) ended the week on a positive note, with a gain of N2.11 trillion week-on-week. Specifically, the market capitalisation gained N2.11trillion week-on-week and on Friday closed at N57.849 trillion with a gain of N888 billion or 1.56 per cent, as against...
Bullish sentiment persisted on Thursday at the Nigerian Exchange Ltd. (NGX) equity market, as the market indices rose by 0.58 per cent. Specifically, investors gained N329 billion or 0.58 per cent, as the market capitalisation closed at N56.961 trillion, as against N56.632 trillion recorded on Wednesday. The All-Share...
Total share value on the Nigerian Exchange (NGX) Ltd. on Tuesday dropped by N83 billion or 16.2 per cent due to selloffs in the stocks of Tier-One banks Specifically, a total of 263.19 billion shares valued at N4.30 billion were exchanged in 8,614 deals, against 242.43 billion shares...
Investors on the stock market of the Nigerian Exchange Ltd. (NGX) on Monday reacted to the death of Dr Herbert Wigwe, Group Chief Executive Officer (Group CEO), Access Holdings, reducing the company’s share price. The News Agency of Nigeria (NAN) reports that Wigwe, his wife, son and Mr...
By BARBARA KALU, Port Harcourt – The Coalition of Supporters of Democracy and Good Governance (CSDGG), has declared that the time has come for serious-minded investors in Rivers State to be fished out and encouraged to develop the state through innovative investments. Led by its national president, Gershom Bobmanuel...
The domestic bourse on Tuesday appreciated further, making the market turnover on the Nigerian Exchange Ltd. (NGX) to rise by 12.97 per cent. Market activities showed that 747.51 million shares valued at N16.28 billion were exchanged in 16,589 deals. As a result, the All-Share Index rose by...
The domestic bourse on Friday ended the week on a positive note, with 844.49 million shares valued at N15.04 billion exchanged in 15,255 deals. As a result the All-Share index, went up by 2.88 per cent or 2651.2 points to close at 94,538.12 against 91,896.97 posted on Thursday. Similarly,...
The Nigerian Exchange Ltd. (NGX) closed trading on Wednesday on a negative note, due to price depreciation posted by Tier-one bank stocks and some others. Consequently, the All-Share Index declined by 1,167.46 or 1.4 per cent to close at 82,024.28, as against 83,191.84 recorded on Tuesday. Similarly,...
The domestic bourse on Tuesday further recorded a positive performance, making investors to gain N1.93 trillion. Specifically, the market capitalisation closed at N45.523 trillion, representing N1.93 gain or four per cent when compared with N43.597 trillion recorded on Monday. Consequently, benchmark of the All-Share index increased by four...
Investors net worth on the Nigerian Exchange Ltd. (NGX) further appreciated by N899 billion or 2.11 per cent to end trading for the week. Specifically, market capitalisation closed at N43.593 trillion as against N42.694 trillion recorded on Thursday. Also, the All-Share Index (ASI) also earned 2.11 per cent or...
The equity market on Thursday continued its positive trends with investors’ net worth appreciating by N265 billion on bargain hunting.The positive performance was due to investors’ buy interest in the stocks of Tier-one banks The market capitalisation rose by N265 billion or 0.62 per cent, to close at...
· Unleashes corporate social responsibility ahead of entry in Alesa · Wins rare award in Alesa Eleme By BARBARA KALU, Port Harcourt – Investors venturing into Alesa Eleme and other communities in the Niger Delta have been advised to ensure that they first build peace processes in those host...
President Bola Tinubu on Monday in Berlin wooed international investors with the great asset of Nigeria being its highly educated, skilled and industrious citizens. According to a statement by his spokesman, Chief Ajuri Ngelale, the President said this was an advantage to the Nation’s abundant natural resources in...
By DAVID IORJA, Abuja – President Bola Tinubu has said every negative perception or notion about what Nigeria has represented in the past with respect to the ease of doing business, monetary policy, and trade cooperation is no longer applicable now and in the future of Africa’s largest...
Nigeria’s Minister of Finance and Coordinating Minister for the economy, Mr Wale Edun, says after China and India, Nigeria is the largest economy that investors are running after. Edun said this in an interview with newsmen on Tuesday in Marrakech, Morocco, on the sidelines of the ongoing 2023...