By Philemon Adedeji Equities market on the Nigerian Exchange Limited (NGX) extended gains for the second consecutive session, as the benchmark All Share Index (ASI) increased higher to close at 95.17 basis points representing 0.16 per cent to close at…
Except the Securities and Exchange Commission (SEC) decides otherwise, the 2,841,116,504 rights issue approved for Sovereign Trust Insurance Plc will open on 6th July. Equity Union Limited, the company secretary announced on Monday that the Rights Issue will open for…
By Philemon Adedeji The Nigerian Exchange Limited (NGX) All-Share Index (ASI) and Market Capitalisation appreciated by 5.49 per cent to close the week at 59,000.96 and N32.126 trillion respectively. Similarly, all other indices finished higher with the exception of NGX Industrial…
The top Five banks at the Nigerian Exchange Limited (NGX) experienced a 10.48 per cent appreciation in market capitalisation resulting in a gain of N315.49 billion for investors. FBN Holdings and United Bank for Africa (UBA) were the top gainers…
By Philemon Adedeji The Governor, Lagos State, Mr Babajide Sanwo-Olu, the Securities and Exchange Commission (SEC), Nigerian Exchange Limited (NGX) and the International Finance Corporation (IFC) have all renewed calls for more gender-focused initiatives that will create increased opportunities for…
…This will boost increased participation in investments — SEC, NGX By Philemon Adedeji The African Stock Exchange Association (ASEA) has revealed that having successfully launched phase one of the African Exchanges Linkage Project (AELP), it is looking at rolling at…
By Philemon Adedeji Bearish sentiment which persisted on Nigerian Exchange Limited (NGX) caused by Selloffs in telco heavyweight, MTNN (-3.83 per cent), as well as Zenith Bank (-5.18 per cent), and GTCO (-5.49 per cent), underpinned the market’s weak performance…
By Philemon Adedeji Nigerian Exchange Limited (NGX) has said it will continue its drive towards attracting capital around sustainability and will continue to partner with market stakeholders. Its Chief Executive Officer, Temi Popoola, stated this during a Physical closing gong…
Nigeria’s Company Income Tax (CIT) decreased by 37.79 per cent in Q1 2023, dropping from N753.88 billion to N469.01 billion. Local payments accounted for N300.78 billion, while foreign CIT payments contributed N168.23 billion during the same period. The decline in…
By Philemon Adedeji Nigerian equities extended bullish run for second consecutive session yesterday, posted strong gains as the benchmark All Share Index (ASI) appreciated by 3.13 per cent stronger to close at 59,985.10 absolute points from 58,163.59 absolute points. Sustained…
