The Nigerian equity market closed the week on a positive note on Friday, with investors gaining N157 billion. Specifically, the Nigeria Exchange Ltd. (NGX) market capitalisation, which opened at N60.104 trillion, gained N157 billion or 0.26 per cent to close…
Nigerian Breweries Plc has posted N703 billion revenue generation for the third quarter ended Sept. 30, 2024. This indicates 75 percent growth, when compared with N402 billion, recorded in the corresponding period of 2023. The Managing Director, Nigerian Breweries Plc,…
The United Capital Group on Thursday reported that its total assets has increased by 36 per cent year-to-date, to stand at N1.26 trillion. The Group Chief Executive Officer, Mr Peter Ashade said this in the company’s financial result for the…
The equity capitalisation crossed the N60 trillion mark on Thursday as investors in the Nigerian stock market gained N147 billion at the close of the day’s trading. This followed a surge in the share prices of stocks like ACCESSCORP, ACADEMY,…
The Nigerian equities market sustained its bullish sentiment on Wednesday as investors gained N31 billion at the close of the day’s trading. This followed a surge in the share prices of stocks like Oando, Unilever, and Eunisell amongst others on…
By Seun Ibiyemi Despite the economic challenges facing Nigeria, five tier-one banks recently approached the Nigerian stock market for capital, raising about N1.27 trillion as the push for sector-wide recapitalisation heats up. This indicates that investor confidence in Nigeria’s banking…
…proposes name change to First HoldCo Plc at upcoming AGM FBN Holdings Plc has appointed Adebowale Oyedeji as its group managing director (GMD). The notice of the appointment was contained in a corporate disclosure notice filed to the Nigerian Exchange…
…Equities market closes week in red as investors lose N6bn By Seun Ibiyemi Investors in the Nigerian equities market experienced a boom this trading week gaining N3.34 trillion on the floor of the Nigerian Xchange Group (NGX) as equity capitalisation…
The equity market extended its losses on Thursday as the market capitalisation dropped by N127 billion, or 0.21 percent, from N59.559 trillion to close at N59.432 trillion. Similarly, the All-Share Index declined by 0.21 percent, losing 210.2 points to close…
The All-Share Index (ASI) has dipped by 25 basis points to close Wednesday’s trading at 98,291.53 points from 98,540.93 points on Tuesday. This is as investors lost N148.06 billion as the Nigerian equities market closed Wednesday’s trading session in the…
