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Nigeria’s equities market on Thursday recorded its first negative close this week as some investors chose to take profit after three consecutive days of stocks rally. The market decreased by 0.18 percent on Thursday. This week, it has risen by 0.34 percent, while month-to-date (MtD), the market has advanced by 0.41 percent, pushing the year-to-date ...
Nigeria’s equities market has this week recorded three consecutive sessions of positive closes after rising by 0.26 percent on Wednesday. Stocks of Lafarge Africa, Eunisell Interlinked, Honeywell Flour Mills and other major advancers on the Bourse pushed the market further high on Wednesday. The Nigerian Exchange Limited (NGX) listed by introduction the shares of Haldane ...
Shares of Lafarge Africa have surged by over 31 percent month-to-date as of the market opening on November 19, 2024, driving its year-to-date performance to over 60 percent. The rally comes after Lafarge Africa’s release of its third-quarter 2024 financial statement, which reported a 101 percent increase in net sales, growing from N91 billion in ...
Nigeria’s equities market rose by 0.23 percent on Tuesday as investors interest in stocks like Lafarge Africa, Unilever, Eunisell Interlinked, SCOA and John Holt helped the market to close in green. Thirty-five stocks gained as against 24 losers. At the close of trading, the Nigerian Exchange Limited (NGX) All-Share Index (ASI) and equities market capitalisation ...
First Bank of Nigeria (FBN) Holdings Plc has announced that its shareholders have given the green light for a name change to First Holdco Plc. The decision was made at the company’s 12th annual general meeting, held virtually on Thursday. According to a statement issued on Friday by Company Secretary, Adewale Arogundade, the name change ...
Investors in the Nigerian equities market gained N296 billion at the close of trading on Friday. This followed a surge in the share prices of stocks like FLOUR MILL, JOHN HOLT, and EUNISELL amongst others on the trading floor. After five hours of trading at the capital market, the equity capitalisation rose to N59.2 trillion ...
Dangote Cement PLC has announced that its Board of Directors has approved plans to raise medium- to long-term debt funding from the domestic capital markets to improve its financial structure and support ongoing operations. The announcement, disclosed in a filing published on the Nigerian Exchange (NGX) platform on November 15, 2024, was signed by the ...
Dangote Cement PLC has announced plans to raise medium- to long-term debt funding from the domestic capital markets to enhance its financial structure and support ongoing operations. The company revealed this in a filing to the Nigerian Exchange on November 15, 2024, signed by its secretary, Edward Imoedemhe. The filing also confirmed that Dangote Cement ...
The naira slumped further against the dollar at the foreign exchange market to end the week on a negative note. FMDQ data showed that the naira weakened to N1,652.25 per dollar on Friday from N1,645.45 recorded on Thursday, posting a N6.5 depreciation. Meanwhile, at the black market, the naira traded at N1,740 per dollar on ...
Investors in the Nigerian equities market gained N96 billion at the close of trading on Wednesday. This followed a surge in the share prices of stocks like Intenegins, John Holt and EUNISELL amongst others on the trading floor today. After five hours of trading at the capital market, the equity capitalisation increased to N59 trillion ...
Investors in the Nigerian equities market began the week in the green zone gaining N83 billion on the trading floor of the Nigerian Exchange Group (NGX) on Monday, November 11, 2024. This followed a surge in the share prices of stocks like Aradel, Eunisell, and John Holt amongst others on the trading floor. After five ...
The United Bank for Africa (UBA) has announced the submission of an application to the Nigerian Exchange (NGX) for the approval and listing of a rights issue totalling 6,839,884,274 ordinary shares (six billion, eight hundred and thirty-nine million, eight hundred and eighty-four thousand, two hundred and seventy-four). This announcement follows the bank’s Q3 2024 financial ...
Assets worth about N2.3 trillion have been traded on the Nigerian Exchange (NGX) in 2024, according to Jude Chiemeka, the NGX CEO, who spoke at BusinessDay’s Policy Intervention Series. The November 6 event was tagged “Nigeria’s bond issuance programme for 2024″, and featured a panel session involving critical players in the Nigerian capital markets scene, ...
AXA Mansard Insurance Plc has reported a pre-tax profit of N34.4 billion for the nine-month period ending September 30, 2024, according to its latest financial report. This reflects a 128.37 percent increase from the N15 billion recorded in the same period last year, indicating a notable year-over-year improvement in profitability. The company’s insurance revenue reached ...
After Tuesday’s positive close, stocks like Oando, Nascon, Thomas Wyatt, UBA and Lasaco dragged Nigeria’s equities market down by 0.30 percent on Wednesday. This year’s return has lowered to +29.15 percent amid two days of negatives as against a day of positive close since this week. Thomas Wyatt dipped from N1.94 to N1.75, losing 19kobo ...
...Nine-month pre-tax profits up 89.59% Access Holdings PLC has released its financial results for the third quarter of 2024, recording a pre-tax profit of N209.2 billion, a 65.01 percent increase from N126.8 billion in the same period last year. For the nine-month period ending September 30, 2024, cumulative pre-tax profit reached N558.1 billion, reflecting an 89.59 percent ...
At the close of trading session on Tuesday, the Nigerian Exchange Limited (NGX) All-Share Index (ASI) and Market Capitalisation increased from preceding trading day’s lows of 96,907.73 points and N58.720 trillion respectively to 97,123.61 points and N58.851trillion. Stocks that helped the market to end the six-day decline include Conoil, John Holt, UBA, Eunisell Interlinked and ...
Oando Plc has released its financial result for the year ending December 31, 2023, posting a Profit-After-Tax (PAT) of N60.27 billion — a reversal from the N81.23 billion loss in the previous year. This is according to the Group’s audited financial statement for the full year of 2023 where it grew revenues from N1.99 trillion ...
...Equities end week in red as investors lose N132bn Investors in the Nigerian equities market experienced a trading week to forget this week losing a massive N1.2 trillion on the floor of the Nigerian Xchange Group (NGX) as equity capitalisation decreased from N60.26 trillion to N59.03 trillion. This follows a gain of N801 billion in ...
Wema Bank released its third-quarter results, showing that pre-tax profits rose to N30.050 billion, compared to N10.059 billion recorded in the corresponding quarter of 2023. This helped boost the bank’s nine-month pre-tax profits to N60.616 billion. A deeper look into the results shows interest income played a key role in the growth. This income line ...
Zenith Bank Plc has announced its unaudited results for the third quarter ended 30 September 2024, recording a remarkable triple-digit growth of 118 percent from N1.33 trillion reported in Q3 2023 to N2.9 trillion in Q3 2024. This performance underscores the Group’s resilience and market leadership in spite of the challenging macroeconomic environment. According to ...
The Nigerian equities market sustained the bearish sentiment on the trading floor on Thursday as investors lost N225 billion at the close of the day”s business. This followed the dip in the share prices of stocks like VERITASKAP, ARADEL, and NSL TECH amongst others on the trading floor today. After five hours of trading at ...
Cadbury Nigeria Plc in the first nine months of 2024 recorded a 65 percent increase in pre-tax losses from N10.24 billion in the same period of 2023 to N16.93 billion in the period under review. The company’s 2024 nine-month financial statement reveals that revenues rose by 51 percent to N89.52 billion from N59.2 billion in ...
