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...
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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...
Tony Elumelu, Group Chairman, Heirs Holdings, has urged indian investors to channel their resources towards the Nigerian economy, saying this is the best time to invest in Nigeria. According to a statement in Lagos on Sunday, Elumelu wooed the investors at the Nigeria-India Presidential Roundtable and Conference in New...
The Nigerian capital market on Tuesday gained by N510 billion, closing at N39.69 trillion from N36.21 trillion recorded on Monday. Consequently, the market capitalisation increased by 0.51 per cent, making the market to hit a 15-year high. Also, the All-Share Index (ASI) of Nigerian Exchange Ltd. (NGX)...
Some experts have said that Nigerian economy will witness positive turnaround with support from government and investors for Micro-Small and Medium Enterprises (MSMEs). They stated this at a news conference held at Nigeria Union of Journalists (NUJ) Press Centre in Ibadan on Wednesday. The News Agency of Nigeria (NAN)...
By DAVID IORJA, Abuja – President Bola Ahmed Tinubu has assured the business community of his government’s commitment to policy consistency and better business climate to attract investment. The President spoke Monday while receiving the delegation of the Shell Petroleum Development Company (SPDC) led by the Global Upstream...
By DAVID IORJA, Abuja – President Bola Ahmed Tinubu Thursday in Paris – France said ongoing reforms, starting with removal of fuel subsidy and streamlining of exchange rate, will be sustained for a more competitive economy that attracts Foreign Direct Investment (FDI), urging investors to take advantage of...
Gov. Hyacinth Alia of Benue has appealed to indigenes of the state in diaspora to invest in the state in order to achieve the desired growth and development. Speaking at an inaugural party organised by Chief Steven Lawani, a former Deputy Governor of the State in Makurdi, Alia invited...
I am still amazed at the way some business owners run their businesses. Recently, I ran into an old school mate of mine. The last time I saw her was a decade ago. After reminiscing on our old school days and some pleasantries, we, of course, had to do...
Investors at the stock market of the Nigerian Exchange Ltd. (NGX) on Monday lost N16 billion due to sell-offs in medium and largely capitalised stocks. The NGX All Share Index (ASI) decreased by 29.35 basis points or 0.05 per cent to close at 54,886.04 basis points from 54,915.39 recorded...
The Ogun State government on Sunday said Bidemi Rufai did not bring any business concern to the state during his short stint as a special assistant to Governor Dapo Abiodun. The state government also debunked a news report suggesting that Rufai was being paid $2,000 as an aide to...
The Nigerian Exchange Ltd. (NGX) lost N64 billion, 0.25 per cent, as market capitalisation closed at N25.837 trillion on Monday compared with N25. 901 trillion on Friday. Also, the All-Share Index (ASI) lost by 117.89 points or 0.25 per cent to settle at 47,436.45 from 47,554.34 recorded on Friday....