Nigeria’s equities market on Thursday recorded its first negative close in this holiday-shortened trading week. The NGX All-Share Index (ASI) decreased by 0.19 percent, following record sessions of positive closes in early trading this week. All key sectoral indices closed…
Nigeria’s equities market on Wednesday furthered its journey northwards as investors bought banking, insurance, and oil & gas stocks despite profit taking in consumer good and industrial counters. SFS Real Estate Investment Trust (REIT) increased most by N16.30 or 9.99…
The cryptocur rency trading platform Binance has outlined two conditions that must be met before it can consider registering under Nigeria’s Securities and Exchange Commission’s (SEC) special framework program for onboarding Virtual Assets Service Providers (VASPs), including crypto platforms. Binance’s…
The Nigerian equity market gained N607 billion in market capitalisation in the past week, on the back of buying interest in large-cap stocks like Access Corporation and MTN Nigeria. The All-Share Index appreciated by 1.06 percent to close at 97,456.62,…
Guinness Nigeria Plc has gotten the approval of the Nigerian Exchange Limited (NGX) for the brewer’s block divestment of 1.270billion ordinary shares of 50 kobo each at a premium price of N81.60 per share. The deal is valued at N103…
By Esther Agbo Nigerian Breweries Plc has announced plans to raise N599.1 billion through a rights issue, aimed at repairing its balance sheet and mitigating the effects of foreign exchange (FX) devaluation on its operations. This was revealed during the…
Greif Nigeria PLC, a manufacturer and marketer of steel drums, is set to enter the third and final phase of its delisting from the Nigerian Exchange (NGX) after resolving outstanding tax liabilities and other debts. The company, which was listed…
The Nigerian Exchange Ltd.(NGX) market capitalisation, on Friday, closed positive with N248 billion gain. Specifically, the market capitalisation added N248 billion or 0.44 percent to its opening of N55.754 trillion to close at N56.002 trillion. The All-Share Index also gained…
Investors in the Nigerian equities market enjoyed a trading week of massive profit taking as they raked in a massive N607bn on the floor of the Nigerian Xchange Group (NGX) as equity capitalisation rose to N56.00trn from N55.39 trillion the…
…Becomes first Nigerian financial institution to cross the N1trn mark in profit By Seun Ibiyemi Guaranty Trust Holding Company Plc (“GTCO” or the “Group”) has released its Audited Consolidated and Separate Financial Statements for the period ended June 30, 2024,…
