The combined market capitalisation of stocks worth over one trillion (SWOOTs) appreciated by 0.03 per cent to close at N20.42 trillion from N20.41 trillion the previous week, reflecting a gain of N6.11 billion. Stocks included in this classification are AIRTELAFRICA,…
The Nigerian equities market closed bearish as the All-Share Index declined by 0.53 per cent in the week ended 8th July 2022. This is following the 0.24 per cent growth recorded in the previous week. This is according to the…
Nigerian Exchange Limited (NGX) has admitted 145,074,002 units of Nigerian Breweries Plc’s shares arising from the 2021 Scrip Dividend Election Scheme into its platform. The Breweries giant had proposed for shareholders’ approval, the Share for Cash Dividend Election Scheme, a…
Nigerian Exchange Limited (NGX) has lifted the suspension placed on trading in the shares of Ardova Plc. The Exchange suspended nine companies from the facilities of the Nigerian Exchange Limited (NGX) on Friday, July 1, 2022, having failed to file…
By Philemon Adedeji Stock market on the Nigerian Exchange Limited (NGX), which has been closing on negative performance since the opening of the week for three consecutive sessions closed slightly yesterday on positive performance due to a bit turn up…
Neimeth International Pharmaceuticals Plc has concluded arrangements to commence its N3.67 billion right issue to the existing shareholders of the company in August. The pharmaceutical company held a Completion Board Meeting to float a Rights Issue of N3.67 billion through…
Capital market stakeholders on Thursday commended the Nigerian Exchange Ltd. (NGX) for providing a vibrant listing platform for government and corporate organisations to meet their business objectives. They gave the commendation during the NGX CEO Roundtable held in Lagos. The…
By Philemon Adedeji The Nigerian stock market on Wednesday extended its losing streak for the third consecutive session as market capitalisation dipped N16billion. The All Share Index (ASI) decreased by 29.96 absolute points, representing a dip of 0.06 per cent…
Though raw materials import with its attendant foreign exchange burden has remained a militating factor, it is not the only factor responsible for the less than sterling performance of paints manufacturers. Other challenges facing the industry include a dearth of…
By Philemon Adedeji Infinity Trust Mortgage Bank Plc has reported its unaudited financial statement for the half year (H1) ended June 30th, 2022, declaring 7.7 per cent increase in Profit After Tax to N323.14 million from N300.1million reported in half…
