By Kayode Tokede Investors on the Nigerian Exchange Limited (NGX) equities market on Tuesday lost N1billion to extend the negative sentiment to four trading sessions. The performance was due to investors’ reduced interest in major sectors stocks. In summary, NGX…
By Kayode Tokede The board of directors of FCMB Group Plc has announced the appointment of Yemisi Edun as the Managing Director and Chief Executive Officer of its largest subsidiary, First City Monument Bank (FCMB) Limited effective May 1, 2021…
By Kayode Tokede The Oxford Foundry, University of Oxford, United Kingdom, and FMDQ Private Markets Limited, a subsidiary of FMDQ Holdings PLC, Nigeria have launched a global partnership to accelerate the growth of Nigeria’s start-up ecosystem and nurture a future…
Trading activities on the Nigerian Exchange Limited (NGX) equities market resumed for the week on a negative note with a decline of 0.36 percent, taking the negative sentiments to three consecutive trading sessions. Market analysts noted that “The performance was…
A Non-Executive Director of United Bank for Africa Plc (UBA), Caroline Anyanwu has increased her stakes in the leading Pan-African Bank with the purchase of 500,000 additional shares of the bank. This is according to a Notification of Share Dealing…
The Nigerian Exchange Limited (NGX) equities market ended the first half of the year bearish, due to large sell-offs in the local bourse as investors move their monies into fixed income and less volatile investments. Meanwhile, the top stockbroking firms…
By Kayode Tokede The Securities and Exchange Commission (SEC) has approved the renewal of Dangote Cement Share Buyback Programme effective until the 21st of January, 2022. According to a notice signed by the deputy secretary of Dangote Group, Edward Imoedemhe,…
By Kayode Tokede FMDQ Securities Exchange Ltd has approved the quotation of the FBNQuest Merchant Bank Ltd N7.34 billion series 19 Commercial Paper (CP) on its platform. FMDQ Securities Exchange in a statement explained that the quotation was under the…
By Kayode Tokede Performance of the Nigerian Exchange Limited (NGX) equities market last week was mixed as investors’ investment dropped by N124 billion. Market analysts said that the local bourse was not immune to the rout in global equities, as…
The Nigerian stock market on Friday lost N248 billion within six hours of trading due to profit taking on Airtel Africa. The market capitalisation which opened at N20.043 trillion dipped N248 billion or 1.24 per cent to close at N19.795…
