The management of Nigerian Exchange Limited (NGX) has announced lifting suspension placed on Chellarams shares for not complying with post-listing requirement. The Exchange in a statement said, “We refer to our Market Bulletin dated 30 September 2021 with Reference Number:…
The market capitalization of the Nigerian Exchange Limited (NGX) appreciated by N646. billion week-on-week (W-o-W) to close at N22.572 trillion. Consequently, the NGX All-Share index closed the week higher by 2.95 per cent gain to close at 43,253.01 basis points.…
The nation’s total energy provider, Conoil Plc has reiterated its resolve to maintain its leadership position in the downstream petroleum sector by building a stronger financial position and creating higher values for its shareholders. At its 51st Annual General Meeting…
The Nigerian stock market indices on Friday dropped further by 0.68 per cent amid losses by some blue chips. Specifically, the market capitalisation inched lower by N154 billion or 0.68 per cent to close at N22.572 trillion against N22.726 trillion…
Prof. Uche Uwaleke, a professor of Capital Market, has appealed to the Securities and Exchange Commission (SEC) to collaborate with telecommunication firms to facilitate access to capital market products. Uwaleke made the appeal during a webinar with the theme ‘Repositioning…
The Director-General of the Budget Office of the Federation, Mr. Ben Akabueze, says Nigeria’s government expenditure is among the lowest in the world. Akabueze said this during a chat with journalists and representatives of civil society organisations in Abuja on…
The naira has appreciated further in the parallel market as the dollar was sold for N540 on Wednesday, with traders saying speculators hoarding dollars would be losing a lot of money. The dollar, which was bought and sold for N578…
The Federal Executive Council presided over by Vice President Yemi Osinbajo on Wednesday approved the 2021-2025 National Development Plan, which is a successor programme to the Economic Recovery and Growth Plan. The plan, with an investment size of N348.7tn, will…
Negative sentiment persisted on the nation’s bourse on Thursday amid profit taking on MTN Nigeria Commnuciations (MTNN) and 18 others. Consequently, the All-Share Index declined by 158.02 points or 0.35 per cent to 43,549.28 from 43,707.30 achieved on Wednesday. Accordingly,…
The bears resurfaced on the nation’s bourse on Wednesday snapping the two-day bullish run due to profit taking in Lafarge Africa and 18 others. Thus, the All-Share Index dipped 23.25 points or 0.05 per cent to close at 43,707.30 from…
