Investors in the Nigerian equities market began the week in the green zone gaining N83 billion on the trading floor of the Nigerian Exchange Group (NGX) on Monday, November 11, 2024. This followed a surge in the share prices of…
The United Bank for Africa (UBA) has announced the submission of an application to the Nigerian Exchange (NGX) for the approval and listing of a rights issue totalling 6,839,884,274 ordinary shares (six billion, eight hundred and thirty-nine million, eight hundred…
Assets worth about N2.3 trillion have been traded on the Nigerian Exchange (NGX) in 2024, according to Jude Chiemeka, the NGX CEO, who spoke at BusinessDay’s Policy Intervention Series. The November 6 event was tagged “Nigeria’s bond issuance programme for…
AXA Mansard Insurance Plc has reported a pre-tax profit of N34.4 billion for the nine-month period ending September 30, 2024, according to its latest financial report. This reflects a 128.37 percent increase from the N15 billion recorded in the same…
After Tuesday’s positive close, stocks like Oando, Nascon, Thomas Wyatt, UBA and Lasaco dragged Nigeria’s equities market down by 0.30 percent on Wednesday. This year’s return has lowered to +29.15 percent amid two days of negatives as against a day…
…Nine-month pre-tax profits up 89.59% Access Holdings PLC has released its financial results for the third quarter of 2024, recording a pre-tax profit of N209.2 billion, a 65.01 percent increase from N126.8 billion in the same period last year. For the nine-month…
At the close of trading session on Tuesday, the Nigerian Exchange Limited (NGX) All-Share Index (ASI) and Market Capitalisation increased from preceding trading day’s lows of 96,907.73 points and N58.720 trillion respectively to 97,123.61 points and N58.851trillion. Stocks that helped…
Oando Plc has released its financial result for the year ending December 31, 2023, posting a Profit-After-Tax (PAT) of N60.27 billion — a reversal from the N81.23 billion loss in the previous year. This is according to the Group’s audited…
…Equities end week in red as investors lose N132bn Investors in the Nigerian equities market experienced a trading week to forget this week losing a massive N1.2 trillion on the floor of the Nigerian Xchange Group (NGX) as equity capitalisation…
Wema Bank released its third-quarter results, showing that pre-tax profits rose to N30.050 billion, compared to N10.059 billion recorded in the corresponding quarter of 2023. This helped boost the bank’s nine-month pre-tax profits to N60.616 billion. A deeper look into…
