Latest in
Investors net worth on the Nigerian Exchange Ltd. (NGX) further appreciated by N899 billion or 2.11 per cent to end trading for the week. Specifically, market capitalisation closed at N43.593 trillion as against N42.694 trillion recorded on Thursday. Also, the All-Share Index (ASI) also earned 2.11 per cent or 1,644 points to settle at 79,664.66, ...
For the fifth consecutive day, the NGX has achieved new milestones. Today, the market surpassed the 78,000 mark, with the All-Share Index (ASI) appreciating by 0.62 percent and reaching 78,020.54 points. At the close of trading for January 5, 2024, equities gained N263 billion, as the market capitalization appreciated by 0.62 percent to close at ...
The review of the indexes done by the Nigerian Exchange Limited has seen some banking stocks, such as FBN Holdings, Guaranty Trust Holding Company Plc, FCMB Group, and Stanbic IBTC Holdings Plc, added to the Banking Index. In a corporate announcement from the exchange during the week, the equities of Jaiz Bank, Unity Bank, Wema ...
One day after crossing the 75,000 mark, the NGX has continued its bullish run, appreciating by 2.04 percent, gaining 1,546.69 points to hit 77,537.57 points. Equities gained N847 billion, as the market capitalisation crossed to N42.430 trillion. Gains in the market were propelled by Dangote Sugar, UBA, and NASCON which all gained 10 percent. Market turnover ...
It was a harvest of capital gains for the shareholders of Transport Hotels PLC, Chams Holding Company PLC and WG PLC, as they towered above the ten companies that topped the winners’ chart on Nigeria Exchange Limited (NGX) in capital appreciation in 2023, with price gain that ranged from 721.8 percent to 1022.9 percent. Transcorp ...
Airtel Africa and Transnational Corporation Limited (TRANSCORP) Plc led the list of gainers at Tuesday’s trading which is the first for the year at the Nigerian Exchange. TRANSCORP’s stock price opened at N8.66 but closed at N9.52 representing a 0.86 percent increase in value. Airtel Africa Plc also recorded a surge in its share price ...
Vitafoam Nigeria PLC has grown its revenue to N52.9 billion in 2023, from N46. 3 billion in 2022, an increase of 14 percent despite the headwinds that characterized the operating environment. In line with the Company’s policy of shareholder value, its board has proposed a dividend of N1.9 which translates to N1.56 kobo per Ordinary ...
The Nigerian Exchange Limited witnessed a mixed performance on its first trading day following the Christmas break, with banking stocks showing resilience in the face of a broader market downturn The market opened to a bearish trend as the All-Share Index (ASI) and market capitalisation both fell by 0.34 percent, closing at 73,768.64 and N40.367 ...
The Nigerian Naira on Wednesday gained against the dollar on the official market. The Naira appreciated 1.52 percent to close at N872.59 to a dollar at the close of business, data from the NAFEM revealed. This represents an N13.29 gain or a 1.52 percent increase in the local currency compared to the N885.88 closed on Friday ...
The NGX All-Share Index (ASI) declined by 0.34 percent on Wednesday. With yesterday’s market results, the NGXASI now stands at 43.94 percent. This follows the previous day’s loss of 0.36 percent, which closed at 74,023.27 basis points. The NGX Market CAP also recorded a loss of N139.34 billion in Naira terms. The major contributor to ...
The Group Managing Director of Chams Holding Company Plc, Mrs Mayowa Olaniyan has attributed the investment of the company in the production of SIM cards locally as a key driver of its growth in 2023. The Company’s Group Managing Director, Mrs Mayowa Olaniyan, had in September, presented the Facts Behind its Figures to the Management ...
Following the declaration by the Federal Government to achieve between $650 - $750/Naira exchange rate by the end of the year, Forex experts have expressed skepticism on the actualisation of the target set. The Chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, Taiwo Oyedele while speaking in an interview with Bloomberg in ...
Lagos and Ogun State have been identified as Nigeria’s most economically viable states, a report by Economic Confidential, a subsidiary of PR Nigeria, has shown. Pointing to Ogun State’s status as Nigeria’s topmost investment destination after Lagos, the report showed that the Dapo Abiodun-led Ogun State outperformed Rivers State, which joined Lagos and Ogun on ...
Thursday’s trading saw the NGX All-Share Index (ASI) continue its positive run. Compared to the previous day’s gain of 1.28 percent, which closed at 73,397.71 basis points, now at 44.95 percent, the NGX All-Share Index advanced by 1.21 percent yesterday closing at 74,289.02 basis points. The NGX Market CAP also recorded a gain of N487.74 ...
Transcorp Hotels Plc, the hospitality subsidiary of Transcorp Group has appointed a former Corporate Affairs Commission (CAC) Registrar General, Alhaji Garba Abubakar as a non-executive Director. Hailed as one of the most reform-minded heads of agency in Nigeria during his time at CAC, Abubakar worked hard to midwife the business-friendly Companies and Allied Matters Act ...
