The Johannesburg Stock Exchange has suspended Oando PLC on its listings as of 27 March 2024. Oando, a prominent Nigerian energy company also listed on the Nigerian Exchange Limited (NGX) was suspended due to the company’s failure to publish its…
The equities market gained N157.43 billion on Thursday as the market continued its bullish run. The gains brings the market capitalisation to a new total of N59.12 trillion, up from N58.96 trillion. Similarly, the NGX All-Share Index (ASI) surged by…
The NGX All-Share Index advanced by 0.32 percent to close at 104,283.64 basis points on Wednesday. This is compared to the previous day’s loss of 0.18 percent to close at 103,952.47 basis points. The Nigerian stock market ended positively, gaining 331.17…
The Lagos Commodities and Futures Exchange (LCFE) has explained how the Federal Government can utilise the commodities exchange ecosystem as a strategy to boost food security, create job opportunities and enhance Nigeria’s capacity to earn foreign exchange. In a media…
Access Corporation, a holding company has posted over 300 percent increase in its profit margin for 2023. This was disclosed by the Bank via a corporate disclosure filed on the NGX website and seen by Nigerian NewsDirect. Access Holdings reported…
By Sodiq Adelakun A former Deputy Governor of the Central Bank of Nigeria, Kingsley Moghalu has challenged the notion that the naira will stabilise at N400 to the dollar, labelling it as unrealistic. Moghalu conveyed this perspective through a series…
The financial services industry, measured by volume, led the activity chart of the Nigerian Exchange Ltd.(NGX) with 1.273 billion shares valued at N31.08 billion traded in 23,066 deals to close the week. Specifically, the industry contributed 73.36 percent and 63.74…
The market capitalisation of the Nigerian Exchange Ltd. (NGX), on Wednesday, further declined by N168 billion or 0.28 percent, following profit taking by investors. Specifically, the market capitalisation of listed equities depreciated to N58.947 trillion, from N59.115 trillion, which it…
The plan by the British majority owner of consumer goods company PZ Cussons Nigeria to fully acquire the organisation and take it private has suffered another setback as the Securities and Exchange Commission (SEC) a key regulator has withheld the…
The stock market on Tuesday declined further by 11 percent, due to sell-offs in stocks of MTN Nigeria, Transnational Power (TransPower), Guaranty Trust Holding Company (GTCO), among others. Other stocks that contributed to the market’s negative performance are: Unilever, Axa…
