The Nigerian Exchange Limited recorded a gain of N507.60billion at Wednesday’s trading even as the All-Share Index (ASI) crossed the 73,000 mark. The NGX All-Share Index now at 43.21 percent advanced by 1.28 percent, closing at 73,397.71 basis points, compared…
The Equity Market of the Nigerian Exchange Ltd., on Tuesday appreciated, as the All-Share Index (ASI) grew by 65.91 points or 0.09 per cent to close at 72,470.10. This is against 72,404.91 recorded on Monday. The market capitalisation also rose…
Wema Bank announced that it raised N40 billion earlier this month, ahead of a possible banking industry recapitalisation exercise. According to the announcement by the bank’s CFO, the bank is also seeking to raise more funds through a share placement…
The Nigerian naira further appreciated against the dollar on Tuesday, 19th December 2023, closing at N844.85/$1 at the official market. The domestic currency appreciated 5.15 percent to close at N888.35/$1 to a dollar at the close of business on Tuesday,…
The Nigerian Exchange Limited (NGX) has approved Notore Chemical Industries Plc’s free float compliance extension request for two years (2023- 2025). This was contained in the company’s notification of the approval for free float compliance extension obtained by Nairmetrics. The…
MTN Nigeria Communications Plc has recorded 149 percent subscription on its N250bn Commercial Paper. MTN Nigeria’s Chief Executive Officer, Karl Toriola, said, “We are pleased with the support received from the investor community having recorded a 149 percent subscription from…
The Bank Directors Association of Nigeria (BDAN) have lamented the huge operating expense of Banks occasioned by multiple levies from regulators. The BDAN Chairman, Mr. Mustapha Chike-Obi speaking at year’s Bank Directors Association annual conference had the theme, “Emerging Issues:…
The Nigerian Exchange Limited continued its positive trajectory as the NGX All-Share Index (ASI) advanced by 0.55 percent, closing at 72,299.79 basis points. Compared to the previous day’s gain of 0.33 percent, which closed at 71,907.26 basis points, the NGXASI…
The Nigerian Naira recorded a weak decline on Tuesday following a massive appreciation on Monday at the art of the week. The naira recorded an intraday high of N1186/$1 against the U.S. dollar both at the official market and the…
The NGX All-Share Index (NGX-ASI) advanced by 0.33 percent, closing at 71,907.26 basis points, compared to the previous day’s gain of 0.18 percent, which closed at 71,669.91 basis points. The NGXASI now stands gallantly at 40.30 percent following yesterday’s market…
