The Naira on Monday further appreciated at the official market, trading at N1,354.21 to the dollar. Data from the official trading platform of the FMDQ Exchange, a platform that oversees the Nigerian Autonomous Foreign Exchange Market (NAFEM), showed that the…
Investors in the Nigerian equities market started the trading week with a loss of N499bn. This follows the tumble in the share prices of stocks like Airtel Africa, Berger Paints, Industrial Medical Gases and International Energy Insurance. Similarly, the NGX-All-Share…
…Vows to support digital assets players contributing to economic growth By Matthew Denis, Abuja In a strategic move to curb the Vows to support digital assets players contributing to economic grow the manipulation of the Naira in the Fx market…
The equities market declined on Friday, with profit-taking in stocks such as Zenith Bank, Guaranty Trust Holding Company (GTCO), Wema Bank, Nigerian Breweries, and Nestle Nigeria, among others. Following a flip-flop trading session, the market capitalisation which opened at N55,520…
Over the course of the week, investors on the Nigerian Exchange Ltd. (NGX) equities market lost a total of N784 billion, week-on-week. Specifically, the market capitalisation, which opened the week at N56.296 trillion, shed N784 billion or 1.39 percent to…
Nigerian Breweries Plc has recorded N81.88 billion gross profit in the first quarter ending March 31. This represented an 87 percent increase when compared with N43.88 billion posted in the first quarter ended March 31, 2023. The company disclosed this…
Investors in the Nigerian equities market lost N199 billion at the close of trading on Tuesday. Before Monday’s N70 billion gain, investors had endured over two weeks of consecutive bearish trading sessions. Yesterday’s loss followed the dip in the value…
The Board of MRS Oil Nigeria Plc will, at the company’s Extraordinary General Meeting (EGM), request shareholders’ endorsement to voluntarily delist from the Nigerian Exchange Limited (NGX). The decision to exit from the NGX was contained in the notice of…
Investors in the Nigerian equities heaved a sigh of relief as the losing streak on the bourse was halted on Monday, April 22, 2024 as investors recorded a profit of N70bn at the end of trading. This followed the boom…
Transcorp Power Plc (Transcorp Power), one of the electricity generating subsidiaries of Nigeria’s leading, listed conglomerate, Transnational Corporation Plc (Transcorp Group), has demonstrated impressive financial performance in its released Q1 2024 unaudited financial statements, for the period ended March 31,…
