By Philemon Adedeji Opening the week at the Nigerian Exchange Limited (NGX), the Nigerian equities extended its bullish run as the All Share Index (ASI) appreciated by 980.97 basis points or 1.61 per cent stronger to close at 61,949.24 absolute…
By Philemon Adedeji Cornerstone Insurance Plc has reported a big slash in net exchange loss from about N763 million in the first quarter of last year to less than N17 million at the end of the first quarter has powered…
The trading week came to a positive close on the local bourse, as bullish market conditions prevailed and favoured the All-Share Index. The banking and telecommunications sectors witnessed a notable rally, which contributed to a 1.43 per cent increase in…
By Philemon Adedeji Equity investors who have endured long periods of bearish sentiments on the floor of Nigerian Exchange Limited (NGX) had cause to smile as their wealth rose to N5.3 trillion in the first six (H1) of 2023 amid…
The Nigerian Exchange Limited (NGX) All-Share Index (ASI) and Market Capitalisation appreciated by 2.98 per cent to close the week at N60,968.27 and N33.198 trillion respectively. Similarly, all other indices finished higher while the NGX ASeM and NGX Sovereign Bond.…
By Philemon Adedeji On the backdrop of political uncertainty, low yield return on investment caused by double-digit inflation among other factors, domestic and foreign investors portfolio transactions on the Nigerian Exchange Limited (NGX) dropped nearly 31 per cent to N1.04…
By Philemon Adedeji Since assumption of President Bola Tinubu assumed office on May 29, 2023, trading activities on the Nigeria Exchange Limited (NGX) revealed a remarkable bullish run The equity market has responded positively to the implementation of major economic…
Gold is considered a safe haven asset, and it may be traded by investors who seek to hedge their portfolios against the risks associated with volatile markets, unstable governments, and economic downturns. Another way it can be useful is as…
UAC of Nigeria Plc (UACN)ended its first quarter (Q1) operations with a net loss of N1.2 billion, on poor sales which has worsened since last year. The conglomerate appears to be experiencing greater operating challenges than the intense pressure that…
The Association of Capital Market Academics of Nigeria (ACMAN) suggests that the Central Bank of Nigeria (CBN) should raise the Monetary Policy Rate (MPR) above the current 18.5 per cent to support the Naira float and attract foreign capital inflows.…
