Aradel Holdings, yesterday, listed its shares on the Main Board of the Nigerian Exchange (NGX) at N702.69 per share. This follows the company’s recent announcement that it has signed a Sale and Purchase Agreement with global energy giant TotalEnergies and…
By Seun Ibiyemi Transcorp Power Plc, a subsidiary of Transcorp Group, has revealed its financial performance for the third quarter ending September 30, 2024, showcasing impressive growth. In its unaudited Q3 2024 results submitted to the Nigerian Exchange (NGX), Transcorp…
Investors in Nigerian equities market experienced a mixed trading week gaining N49.53 billion on the floor of the Nigerian Xchange Group (NGX) as equity capitalisation increased to N56.08tr from N56.03 trillion. This follows a loss of N539.09 billion in the…
The Nigerian Exchange Ltd. (NGX) has suspended trading in the shares of Transnational Corporation Plc (Transcorp). The NGX, in its weekly report, said that the suspension, on Thursday, was necessary to determine the shareholders entitled to receive the firm’s reconstructed…
To end the week, the stock market rebounded from previous losses, gaining N74 billion. Investor interest in MTN Nigeria, FBN Holdings, Guaranty Trust Holding Company (GTCO) and other equities lifted the market. Notably, the market capitalisation opened at N56.014 trillion,…
The naira depreciated against the dollar at the foreign exchange market to end the week on a negative note. FMDQ data showed that the naira weakened to N1641.27 per dollar on Friday from N1622.57 exchanged on Thursday, recording N18.7 loss.…
The Nigerian equities market sustained its bearish trend on Wednesday as investors lost N56 billion at the close of the day’s trading. This followed the dip in the share prices of stocks like ELLAH LAKES, ABC TRANS and ETERNA amongst…
Governor Babajide Sanwo-Olu of Lagos, alongside the Director-General of the Securities and Exchange Commission (SEC), Dr Emomotimi Agama, has called for better investor education. This to enhance market confidence and promote a healthy financial environment. They made the call on…
Nigeria’s equities market on Monday defied analysts’ earlier expectation of negative outcome as investors buy interest in dividend paying stocks pushed the market higher by 0.19 percent or N107 billion. Stocks like Fidelity Bank, Ellah Lakes, and Livestock Feeds helped…
Stakeholders have emphasised the need for improved funding, capacity building, and a shift in mindset of Micro Small and Medium Enterprises (MSMEs) in the country. The stakeholders spoke as panellists at the ongoing 2024 National MSME Conference organised by the…
