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Transcorp Power is set to debut on the Nigerian Exchange Limited (NGX), boasting a market capitalisation of N1.8 trillion. The company is a member of the Transcorp Group, which includes Transcorp Hotel, equally listed as a separate entity. In a statement obtained by Nairametrics, it was revealed that the company aims to offer 7.5 billion ...
Nestlé Nigeria PLC, has declared a N547.1 billion sales increase for the 2023 financial year, translating to a 22.4 percent increase of N100 billion compared to the corresponding period of 2022. The company’s Managing Director, Mr Wassim Elhusseini, made the disclosure in the Nestlé Nigeria PLC Full Year 2023 financial results on Wednesday in Lagos. ...
The value of transactions on the Nigerian Exchange Ltd. (NGX) on Wednesday further declined by 4.80 percent due to sustained selloffs in the shares of Tier- one banks. Specifically, investors traded a total of 396.23 million shares valued at N5.83 billion in 10,549 deals, compared to 280.46 million shares valued at N6.12 billion exchanged in ...
The Chief Operations Officer of ChamsAccess, Mrs Olayemi Odufeso, has highlighted a range of significant developments in the company in recent time, including a strategic shift into provision of custom solutions for complex financial, digital, security, and technology challenges. Odufeso, explained that the overriding objective was to drive further sustainable growth in an organic way. ...
The Nigerian Exchange limited All-Share Index (NGX-ASI) declined by 0.09 percent to close at 101,995.21 basis points. This is compared to the previous day’s gain of 0.84 percent to close at 102,088.07 basis points. The Nigerian stock market ended negatively, losing 92.86 points with a flat market breadth. The total volume traded advanced by 1.14 percent ...
Trading at the Nigerian stock market picked up following a negative start at the beginning of the week. The market closed positively, with an increase of 301.71 points. However, the market breadth was negative. The NGX All-Share Index advanced by 0.30 percent to close at 101,362.38 basis points, compared to the previous day’s loss of ...
By Sodiq Adelakun In a recent turn of events, the Nigerian Naira has plunged to a new low in the parallel market, also known as the black market, hitting a record low of N1,830 against the US dollar on Wednesday. This significant depreciation represents a 7.10 percent decline from the previous day’s rate of N1,700, ...
Investors on the Nigerian stock market lost N729.16bn as the market closed negatively on Tuesday. The NGX All-Share Index also declined by 1.30 percent to close at 101,060.67 basis points, compared to the previous day’s loss of 3.15 percent to close at 102,393.23 basis points. The NGX Market CAP also recorded a loss of N729.16bn in ...
By Sodiq Adelakun Nigeria’s currency, the Naira, saw a significant drop in value against the US dollar on February 19, 2024, with an unprecedented intra-day peak of N1,712 to the dollar. At the end of the trading day, the Naira had fallen by 3.78 percent, ending at N1,598.54 per dollar according to the figures from ...
Trading on the Nigerian stock market ended negatively on Monday as Investors recorded a loss of N1.82 trillion. The market witnessed a decrease of 3,329.55 points. Similarly, the NGX All-Share Index declined by 3.15 percent to close at 102,393.23 basis points, compared to the previous day’s gain of 1.56 percent to close at 105,722.78 basis points. ...
Total share value on the Nigerian Exchange (NGX) Ltd. on Tuesday dropped by N83 billion or 16.2 percent due to selloffs in the stocks of Tier-One banks. Specifically, a total of 263.19 billion shares valued at N4.30 billion were exchanged in 8,614 deals, against 242.43 billion shares worth N5.13 billion exchanged in 8,715 deals transacted ...
Nigeria’s equities market increased by 1.76 percent or about N980 billion on Wednesday, rerouting from the previous day’s negative close. The market’s positive close was driven by Airtel Africa share price which increased most by N200 or 10 percent, from N2,000 to N2,200. Also, investors interest in share of FBN Holdings pushed its price from ...
...Set to relief pressure on naira in FX market ...As EFCC moves to restrain business owners from charging in dollars Nigeria’s treasury bills have yielded a 23.45 percent increase marking the highest profit the Central Bank of Nigeria (CBN) has ever recorded from a single auction. The one-year treasury bill was oversubscribed to the tune ...
UAC Nigeria Plc recorded a pre-tax profit of N12.7 billion in 2023, marking a bounce back to profit-making ways after the group recorded a pre-tax loss of N4.4 billion in 2022. According to UAC’s financial results for 2023, the group recorded a revenue of N118.7 billion, which reflects a 9 percent growth from the N109.3 ...
The equity market extended losses as all the performance indices of the Nigerian Exchange Ltd. (NGX) declined by 1.52 percent. Specifically, the All-Share Index dropped by 1,551.76 points or 1.52 percent to close at 102,108.05 as against 103,659.81 recorded on Monday. Also, the market capitalisation declined by N849 billion or 1.52 per cent to close ...
Nigeria’s currency, Naira/ gained against the dollar on Monday, 5th February 2024 at both the official market and the black market. The Naira appreciated/ marginally at the end of the day by 1.10 percent/ to close/ at/ N1,419.86/ to a dollar at the close of business, data from the/ NAFEM/ where forex is officially traded, ...
The NGX All-Share Index (ASI) declined by 0.73 percent on Monday with the stock market closing with a negative market breadth. Now at 38.63 percent, the NGX-ASI closed at 103,659.81 basis points, compared to the previous day’s gain of 1.57 percent, which closed at 104,421.23 basis points. The NGX Market CAP also recorded a gain of ...
In 2024, the NGX achieved remarkable gains, concluding on February 2, 2024, with an All-Share Index of 104,421.23 points, reflecting a year-to-date gain of 39.65 percent. This is just 6.25 percentage points below the 45.90 percent gain recorded throughout 2023. As of January 31, 2023, the NGX’s All-Share Index closed at 101,154.46 points, indicating a ...
Transactions at the stock market on Friday showed that investors gained N899 billion. Specifically, the market capitalisation, which opened at 56.259 trillion, closed at 57.158 trillion, representing 1.59 percent increase. Also, the All-Share Index also went up by 1,643.79 points or 1.59 percent to settle at 104,421.23 compared with 102,802.25 posted on Thursday. As a ...
Transaction at the stock market on Friday showed that investors gained N899 billion. Specifically, the market capitalisation, which opened at 56.259 trillion, closed at 57.158 trillion, representing 1.57 per cent increase. Also, the All-Share Index also went up by 1,643.79 points or 1.57 per cent to settle at 104,421.23 compared with 102,802.25 posted on Thursday. ...
The equity market on Thursday rebounded by 1.63 percent from its two-day losses due to improved investors’ buy interest in the stocks of Tier-one banks and BUA Cement. Similarly, investors gained N902 billion or 1.63 percent as the market capitalisation which opened at N55.357 trillion, closed at 56,259 trillion. The Nigerian Exchange Ltd (NGX) All-Share ...
The Nigerian Exchange (NGX) All-Share Index (ASI) declined further by 1.90 percent on Wednesday. The NGX-ASI had suffered a 1.49 percent loss closing at 103,110.15 basis points the previous trading day. On Wednesday, the NGX-ASI slipped even further closing at 101,154.13 basis points, compared to the previous day’s loss. The NGX Market CAP also recorded a ...
