The NGX All-Share Index (ASI) declined by 0.73 percent on Monday with the stock market closing with a negative market breadth. Now at 38.63 percent, the NGX-ASI closed at 103,659.81 basis points, compared to the previous day’s gain of 1.57 percent,…
In 2024, the NGX achieved remarkable gains, concluding on February 2, 2024, with an All-Share Index of 104,421.23 points, reflecting a year-to-date gain of 39.65 percent. This is just 6.25 percentage points below the 45.90 percent gain recorded throughout 2023.…
Transactions at the stock market on Friday showed that investors gained N899 billion. Specifically, the market capitalisation, which opened at 56.259 trillion, closed at 57.158 trillion, representing 1.59 percent increase. Also, the All-Share Index also went up by 1,643.79 points…
Transaction at the stock market on Friday showed that investors gained N899 billion. Specifically, the market capitalisation, which opened at 56.259 trillion, closed at 57.158 trillion, representing 1.57 per cent increase. Also, the All-Share Index also went up by 1,643.79…
The equity market on Thursday rebounded by 1.63 percent from its two-day losses due to improved investors’ buy interest in the stocks of Tier-one banks and BUA Cement. Similarly, investors gained N902 billion or 1.63 percent as the market capitalisation…
The Nigerian Exchange (NGX) All-Share Index (ASI) declined further by 1.90 percent on Wednesday. The NGX-ASI had suffered a 1.49 percent loss closing at 103,110.15 basis points the previous trading day. On Wednesday, the NGX-ASI slipped even further closing at 101,154.13…
Billionaire investor, Femi Otedola has been appointed as the Chairman of FBN Holdings Plc, a leading financial institution in Nigeria. This appointment, effective January 31, 2024, follows a recent meeting of the board where Mr. Otedola succeeds Alhaji Ahmad Abdullahi.…
Dangote Cement Plc continued its profitable run as the market capitalisation of the conglomerate hit N13 trillion on Monday. The cement giant achieved this feat after investors’ interest pushed the price to new high of N763, up by N68.90 or…
The First City Monument Bank (FCMB) Group has reported a 206.86 percent increase in its profit for the financial year ended December 2023 to N95.52bn. This was revealed in the unaudited annual report and financial statements filed in the corporate…
Access Holdings Plc has gotten regulatory nod to acquire a majority stake in ARM Pensions. Access Golf Nigeria Limited (‘Access Golf’), a majority shareholder of Access Pensions Limited (‘Access Pensions’) which is a subsidiary of Access Holdings, has received the…
