Capital Market
15 Apr
The financial services industry (measured by volume) dominated in volume terms at the end of last week's transactions with 859.6 million shares valued at N20.6 billion in 12,297 deals, contributing 75.9 per cent to the total equity turnover.
12 Apr
Four leading Nigerian banks by market capitalisation, achieved combined gross earnings of N7.99 trillion gross earnings in their 2023 full-year operations, a figure that is 248 per cent higher than the 2022 performance.
12 Apr
Global goods trade is expected to pick up gradually this year following a contraction in 2023 that was driven by the lingering effects of high energy prices and inflation, experts and economists have revealed in a new forecast.
12 Apr
Zenith Bank Plc has announced a remarkable 125 per cent growth in its gross earnings in its 2023 operations, from N945.6 billion reported in 2022 to N2.13 trillion.
9 Apr
Ahead of the Eid-el-Fitr break, the Nigerian Exchange Limited (NGX) reopened on a downturn yesterday, as the All-Share Index shed 0.4 per cent, amid losses in tier one banks.
1 Apr
High transactions in the shares of three banks – Guaranty Trust Holding Company Plc, Zenith Bank Plc and Access Holdings Plc – lifted the volume of shares traded last week, as the turnover of 1.8 billion shares worth N52 billion was recorded.
25 Mar
Foreign Exchange spot and derivatives markets recorded a turnover of $1,641.18 million for the week ended March 22, 2024, representing an increase of 85.6 per cent ($756.88 million) from $884.3 million achieved in the previous week.
22 Mar
The Nigerian equities market yesterday halted its three-day losses as gains in BUA Cement Plc and 21 others lifted the market by N74 billion.The all-share index (ASI) gained 130.66 points, representing a gain of 0.13 per cent to close at 104,387.47 points.
13 Mar
The dominance of the bulls continued unabated at the end of transactions yesterday on the equities sector of the Nigerian Exchange Limited (NGX) as the all-share index gained 1.5 per cent amid price appreciation in MTN Nigeria Communications (MTNN) Plc and 34 others.
11 Mar
The financial services industry dominated in volume terms at the end of last week's transactions on the equities sector of the Nigerian Exchange Limited (NGX) with 899.5 million shares valued at N15.9 billion traded in 20,278 deals, thus contributing 41.70 per cent to the total equity turnover volume.
8 Mar
The Securities and Exchange Commission (SEC), Nigerian Exchange Limited (NGX), United Capital Asset Management Limited (UCAML) and other capital market operators have canvassed the need for collaboration
8 Mar
Positive sentiments persisted on the equities sector of the Nigerian Exchange Limited (NGX) yesterday, as share price appreciations in Transcorp Power Plc and 25 others buoyed the All-Share Index (ASI) further by 0.8 percent.
7 Mar
Investors increased appetite in the shares of the newly listed Transcorp Power has continued to lift market capitalisation of the Nigerian Exchange Limited (NGX) as investors wealth appreciated by N2.3 trillion in three days.
1 day ago
The Lagos Chamber of Commerce and Industry (LCCI) is deeply worried about the various economic headwinds confronting the stability of the Nigerian economy.
1 day ago
The World Bank Group and the African Development Bank Group are partnering on an ambitious effort to provide at least 300 million people in Africa with electricity access by 2030.
1 day ago
Trading activities on the floor of Nigerian Exchange Limited (NGX) halted gains to close on a downturn yesterday, causing market capitalisation to decline by N35 billion.
1 day ago
Worried by the dwindling oil production and the need to drive investments in the nation’s oil and gas sector, the Federal Government, through the Minister of State for Petroleum Resources (Oil), Heineken Lokpobiri, has underscored the imperative of ramping up production as a pivotal strategy to ensure stability in the midstream and downstream sectors of the industry.
1 day ago
The Nigeria Customs Service (NCS) Tin Can Island Port (TCIP) command has reported a 95.3 per cent increase in non-oil exports in the first quarter of 2024, compared to the same period last year.
1 day ago
Access Pensions has emphasised its commitment to offering thorough guidance and assistance to customers interested in Pension Backed Mortgages (PBMs).
1 day ago
To further address the energy inefficiency in the country, the Chief Executive Officer, Stanbic IBTC Holding Plc, Dr. Demola Sogunle, said N350 billion fund has been raised to support customers in the energy sector.
1 day ago
Amid geo-political tension marked by uncertainty, volatility, and disruptive forces, the Chartered Institute of Directors Nigeria (CIoD) has tasked directors on effective leadership, noting that their roles as leaders assume even greater significance in turbulent times.
2 days ago
Stakeholders in the insurance and pension industry have called on operators in the sectors to adopt artificial intelligence (AI) to drive business expansion in the country.
2 days ago
Though it does not have the power to regulate prices, the Federal Competition and Consumer Protection Commission (FCCPC) will deploy an existing legal framework to enforce fair competition and consumer protection provisions to achieve fair prices of commodities.