Nigerian equities market bounced back on Thursday, recovering earlier losses as investors gained about N233 billion following renewed demand for stocks across key sectors of the market. Investor sentiment improved largely due to increased buying interest in equities such as RT Briscoe, SCOA, Deap Capital Management, Veritas Kapital Assurance,...
NGX
Dangote Industries has appointed the Chief Executive Officer of MTN Group, Ralph Mupita, to the board of Dangote Fertiliser Limited, as the company steps up preparations for a planned listing on the Nigerian Exchange (NGX). The appointment was confirmed by the Managing Director of Dangote Fertiliser, Vishwajit Sinha, in...
President Bola Tinubu has praised corporate Nigeria, citizens, and other stakeholders in the Nigerian capital market for surpassing the N100 trillion milestone on the Nigerian Exchange (NGX). President Tinubu described this record achievement as an inspiration for the investing public operating in the money and capital markets. He urged...
Nigerian equities market kicked off the week on a sour note as a wave of selloffs dragged the market into negative territory on Monday, erasing N197 billion in investor wealth in what traders described as an unexpected turnaround. The sharp drop wiped out the gains posted in the previous...
Nigerian equities market ended Thursday on a high note, delivering a N190 billion windfall for investors as bullish momentum prevailed. Fueled by robust demand for stocks such as Cileasing, Guinness Nigeria, Livingtrust Mortgage Bank, Etranzact, and Regency Alliance Insurance, alongside 36 other advancing stocks, the market showcased strong performance....
Dangote Cement Plc has distributed N3.3 trillion in dividends to its shareholders over the past 15 years, as announced during its “Facts Behind the Figures” presentation at the Nigerian Exchange Ltd. (NGX) in Lagos on Wednesday. Emmanuel Ikazoboh, who recently succeeded Alhaji Aliko Dangote as Chairman, emphasized the company’s...
Nigerian stock market experienced a 0.49 percent decline on Thursday, resulting in a N438 billion loss for investors, driven by heavy selloffs in key equities. The market capitalization, which started at N89.372 trillion, fell to N88.934 trillion, while the All-Share Index dropped by 691.52 points, or 0.49 percent, closing...
By DAVID IORJA, Abuja- President Bola Ahmed Tinubu has commended Nigeria’s capital market’s remarkable growth since he assumed office over two years ago. He noted the phenomenal rise in market capitalisation and increased trading activity, which have broadened investment opportunities for Nigerians and international investors. President Tinubu spoke on...
Nigerian stock market kicked off the week on a positive note, with investors gaining N1.78 trillion in a single-day rally. This surge was driven by sustained buying interest in key stocks such as Lasaco Assurance, Royal Exchange, UPDC, UAC of Nigeria, and 43 other stocks. As a result, the...
Nigerian stock market has concluded the week on a positive note, with a significant gain of N948 billion. This impressive performance was driven by sustained buying interest in key stocks, including UAC of Nigeria, BUA Cement, Beta Glass, and Legend Internet Plc, among others. Market Capitalization Rises The market...
Nigerian stock market wrapped up the week on a high note, with investors gaining N793 billion on Friday. Market capitalization grew by N793 billion, a 0.94 percent rise, closing at N85.055 trillion, up from N84.262 trillion the previous day. The All-Share Index (ASI) also advanced by 1,252.93 points, or...
Nigerian stock market has recorded a significant gain of N1.077 trillion in a bullish week, driven by increased investor demand for banking stocks. The market capitalization rose by 1.37% to close at N79.803 trillion, while the All-Share Index (ASI) increased by 1,702.79 points or 1.37% to settle at 126,149.59....
Nigerian stock market ended the week on a bearish note, with investors recording a significant loss of N491 billion. The market capitalization declined by 0.64% to close at N75.962 trillion, down from N76.453 trillion the previous week. The All-Share Index also dropped by 776.92 points or 0.64% to 119,995.76...
The Nigerian stock market continued its bullish trend on Friday, ending the week with N175 billion gain. Market capitalisation rose by N175 billion, or 0.24 per cent, to close at N74.533 trillion, up from N74.358 trillion recorded on Thursday. Similarly, the All-Share Index (ASI) rose by 277.09 points, or...
Nigerian stock market rebounded on Wednesday after a two-day loss, with investors gaining N1.184 trillion. The market capitalisation rose by N1.184 trillion, or 1.63%, to close at N73.681 trillion. The All-Share Index (ASI) also rose by 1,876.71 points, or 1.63%, settling at 116,786.87. According to the market report, “This...
By MBAFAN ADE, Abuja- Nigerian stock market witnessed a significant downturn on Tuesday, with investors losing ₦183 billion in total market value. The Nigerian Exchange Ltd. (NGX) market capitalization dropped to ₦72.497 trillion from ₦72.680 trillion. The All-Share Index fell by 348.61 points or 0.30%, closing at 114,910.16. Key...
By MBAFAN ADE, Abuja– Nigerian stock market opened the week on a negative note on Monday, with its key performance indicators experiencing a decline of 0.15%. The market capitalization shed N108 billion, closing at N72.680 trillion, down from N72.788 trillion recorded on Friday. The All-Share Index also declined, losing...
The Nigerian stock market has concluded the week on a strong note, with the market capitalization increasing by N1.157 trillion, representing a 1.63% gain. This significant growth has boosted the market’s value to N72.275 trillion, up from N71.118 trillion recorded on Wednesday. The All-Share Index (ASI) also experienced a...
Nigerian Exchange Group (NGX), on Tuesday, said policy inconsistency, currency woes must be tackled to achieve the Federal Government’s proposed $1 trillion economy. The NGX Chairman, Dr Umaru Kwairanga made the call while speaking with the News Agency of Nigeria (NAN) in Lagos. He said these were challenges that...
Stock market began the week on a positive note on Monday as investors gained N173 billion and performance indices soared by 0.25per cent. Specifically, the Nigerian Exchange Ltd. (NGX) market capitalisation climbed by N173 billion, rising to N70.635 trillion from N70.462 trillion on Friday. The All-Share Index also increased...