The Federal Government and corporate Issuers’ confidence in the capital market have continued to firm up as bond issuances in the first half (H1) of 2022 on Nigerian Exchange Limited (NGX) grew to over N2.5 trillion, NGX has said. This…
By Philemon Adedeji The domestic equities market yesterday started the week’s trading with mixed sentiments as a loss in Presco, Multiverse and Exploration Company, Ikeja Hotel and 14 others drove the market lower. Also, Nigeria’s headline inflation maintained its uptrend…
The equity market closed on a negative note on Friday due to sell pressure on some highly capitalised stocks. The market capitalisation recorded represented a decline of 0.7 per cent closing at N26.787 trillion, compared to N26.976 trillion posted on…
Airtel’s share price posted gains of 10 per cent in July, becoming one of the best-performing stocks of the trading month following positive investors’ sentiment. Positive sentiment witnessed on shares of the telecom firm during the month of July has…
The Central Bank of Nigeria (CBN) in collaboration with the Africa Fintech Foundry (AFF) is set to support 10 startups, to increase the adoption of eNaira in the country. This was disclosed by the Head of AFF, Mr Daniel Awe,…
By Philemon Adedeji The Nigerian stock market depreciated yesterday by N33 billion on selloffs in MTN Nigeria Communications (MTNN), Stanbic IBTC Holdings, United Bank for Africa (UBA) and 12 others. The All Share Index (ASI) diminished by 60.87 absolute points,…
Oando successfully concluded its 43rd Annual General Meeting (AGM), at the Wings Office Complex, Victoria Island, Lagos. In line with COVID safety protocols, shareholders were represented by proxies of their various associations at the AGM. All resolutions proposed at the…
By Philemon Adedeji AXA Mansard Insurance plc, known as a member of the AXA Group has announced its unaudited financial results for the period ended June 30, 2022, reporting 21 per cent increase in gross written premium to N45 billion…
By Philemon Adedeji Equities market on the Nigerian Exchange Limited (NGX), regained it loss yesterday with a huge gain of N391 billion. In summary, the All-Share Index (ASI) grew by 724.76 absolute points, representing a rise of 1.47 per cent,…
By Philemon Adedeji Due to increase in cost of raw materials to N101.4 billion in half year H1 2022 from N84.2 billion reported in half year H1 2021, cost of sales during the period of study grew by 16.11 per…
