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The Nigerian equities market got off to a positive start on Monday, January 27, 2025, as investors gained N795 billion on the trading floor of the Nigerian Exchange Group (NGX). This follows a surge in the share prices of stocks like Betaglas, RTBRISCOE, and Access Corp amongst others on the trading floor. After five hours ...
Stanbic IBTC Holdings has launched its N148.7 billion Rights Issue on the Nigeria Exchange NGX e-offering platform, NGX Invest. Presented at the Facts Behind the Rights Issue event on Tuesday, the NGX disclosed that the offer, which has been opened since January 15 and will close on February 21, 2025, The NGX highlights the growing ...
By Seun Ibiyemi The Nigerian equities market rebounded from two consecutive losses with a N497 billion gain for investors at the close of trading on Friday. This followed a surge in the share prices of stocks Guinness, Chellaram, and SCOA amongst others on the trading floor. After five hours of trading at the capital market, ...
One of Africa’s leading financial institutions, Zenith Bank has reaffirmed its dedication to employee welfare by announcing the promotion of over 4,000 staff members and implementing salary increases ranging from 20 percent to 30 percent across various employee grades. This bold initiative, under the leadership of Managing Director/CEO Dame Adaora Umeoji, is aimed at boosting ...
Guinness Nigeria Plc has announ ced its unaudited financial results for the six months ended 31 December 2024, showcasing impressive resilience and strategic growth in a challenging macro-economic environment. The company reported an 82.2 percent revenue increase, growing from N142.60 billion in H1’24 to ¦ 259.60 billion in H1’25. This performance underscores the effectiveness of ...
By Seun Ibiyemi Nigeria’s equities market recorded another session of negative close on Thursday amid scarcity of positive triggers capable of keeping the market on the positive path. The market decreased by 0.05 percent on Thursday, thereby strengthening the previous day’s negative. The market’s year-to-date negative return increased to 0.13 percent. Though this week, the ...
In the Company’s latest audited results, released to the Nigerian Exchange (NGX) on Thursday, Transcorp Power reported a 115 percent increase in revenue and 165% growth in Profit After Tax (PAT), demonstrating strong operational leadership and strategic execution. Specifically, the company’s revenue growth increased by 115 percent, from N142.1 billion recorded at the end of ...
Nigeria’s equities market failed to sustain the previous day’s gain as activities of profit-takers dipped the market by 0.29 percent or N185 billion on Wednesday. This week, the market has risen by 0.47 percent, while the market’s return year-to-date (YtD) is in negative of 0.09 percent. Ahead of Wednesday’s trading, analysts at Vetiva Research said, ...
The Nigerian equities market sustained the bullish run as investors gained N483 billion at the close of trading on Wednesday. This followed a surge in the share prices of stocks like SCOA, OMATEK, and Universal Insurance amongst others on the trading floor. After five hours of trading at the capital market, the equity capitalization rose ...
The Nigerian stock market started the week on a positive note, recording a gain of N10 billion or 0.02 per cent, boosting investor portfolios. The Nigerian Exchange Ltd. (NGX) market capitalisation increased from N62.851 trillion at the opening to N62.861 trillion at the close of trading on Monday. Similarly, the All-Share Index (ASI) advanced by ...
Access Holdings Plc at the weekend formally concluded the main thrust of its recapitalisation programme with the listing of additional shares that arose from its recent rights issue at the Nigerian Exchange (NGX). The new listing boosted Access Holdings’ market capitalisation to N1.29 trillion, enhancing the financial services group’s status as one of the most ...
Mutual Benefits Assurance Plc says it doesn’t intend to acquire any insurance company for the recapitalisation exercise mandated for insurers. Dr Akin Ogunbiyi, Chairman of Mutual Benefits Assurance Plc, said this in an interview on the sideline of the insurance company’s 29th annual thanksgiving held in Lagos. The thanksgiving had the theme: “Thus Far has ...
The Nigerian equities market recovered from several days of losses with N541 billion gain for investors at the close of the day’s trading. This followed a surge in the share prices of stocks like Livestock, Caverton, and Sovereign Trust Insurance amongst others on the trading floor. After five hours of trading at the capital market, ...
Investors in the Nigerian equities market endured a bearish trading week losing a massive N1.452 trillion on the trading floor of the Nigerian Xchange (NGX). This follows a gain of N1.137tr the previous week. The bourse recorded losses in three of the five trading sessions this week. The market capitalisation decreased to N62.851 trillion from ...
FBN Holdings stocks have fallen to N28.50 (a 5.6% drop) as investors fear further slide amid a dispute with General Hydrocarbons. The stock price of FBN Holdings Plc, on Monday, fell by 5.63 per cent on the floor of the Nigerian Exchange Limited (NGX) as investors traded the stock of the oldest financial institution in ...
The Nigerian Exchange Limited (NGX) has warned the investing public of the activities of suspected scammers falsely claiming to be the Group’s Chief Strategist. The impersonator claiming to be Prof. Adebayo Oluwatokun was alleged have defrauded the unsuspecting public through an entity called “Value Gain.” In a statement posted on its X, formerly Twitter, platform ...
Nigeria’s equities market decreased by 0.08 percent or N52 billion on Monday, defying most analysts’ expectation of a bullish start to this new week. The Nigerian Exchange Limited (NGX) All-Share Index (ASI) and equities Market Capitalisation decreased from preceding day’s 105,451.06 points and N64.303 trillion respectively to 105,367.25 points and N64.251 trillion. Stocks like Northern ...
...Offers up to 18.24% The Federal Government of Nigeria, through the Debt Management Office (DMO), has announced the subscription window for the Federal Government Savings Bonds (FGN Savings Bonds) for January 2025. This initiative invites both individual and institutional investors to participate from January 13 to January 17, 2025. The bond offering for January 2025 ...
Zenith Bank has once again demonstrated its dominance in the Nigerian banking sector, reporting outstanding financial results for Q3 2024 that reinforce its strong market position. The bank achieved a profit before tax (PBT) of N1.0 trillion, reflecting an impressive 98.5% year-on-year growth. This remarkable performance underscores Zenith Bank’s resilience and its ability to navigate ...
By Seun Ibiyemi The Nigerian equities marketended the week’s trading with a N48 billion loss for investors on Friday. This followed a dip in the share prices of stocks like Sunu Assurance, Eunisell, and Skyway Aviation amongst others on the trading floor. After five hours of trading at the capital market, the equity capitalisation fell ...
Investors in the Nigerian equities market enjoyed a bullish first full trading week in the New Year raking in a profit of N1.137 trillion on the trading floor of the Nigerian Xchange (NGX). This follows a gain of N1.253 trillion the previous week. The bourse recorded gains in three of the five trading sessions this ...
The Chartered Institute of Stockbrokers (CIS) has appointed Ayo Adeonipekun as its new Registrar and Chief Executive. Adeonipekun brings over 25 years of extensive multidisciplinary experience in leadership, finance, people and performance management, as well as corporate planning and administration. He succeeds Dr Josiah Akerewusi, who retired after a decade of meritorious service. Before his ...
The Nigerian equities market continued its bullish run as investors gained N792 billion at the close of trading on Thursday. This followed a surge in the share prices of stocks like MTN Nigeria, Honey Flour, and Universal Insurance amongst others on the trading floor. After five hours of trading at the capital market, the equity ...
