By Philemon Adedeji The Nigerian-based Cement manufacturing company, Bua Cement Plc has released its unaudited financial statement for the period ended December 31, 2022, declaring 16.79 per cent growth in Profit Before Tax (PBT) to N120.15 billion in full year…
By Philemon Adedeji The Nigerian Exchange Limited (NGX), All-Share Index (ASI) and Market Capitalization appreciated by 2.13 per cent to close the week at 54,949.21 index points and N29.934 trillion respectively. Similarly, all other indices finished higher with the exception…
By Philemon Adedeji Experts at Coronation Merchant Bank have projected 2.8 per cent increase in Gross Domestic Product (GDP) for 2023, attributing it to slow policy implementations and capital expenses due to laser focus on the general elections and transition…
By Philemon Adedeji Trading activities on the Nigerian Exchange Limited (NGX) yesterday closed in green posture as the equities bourse moved higher as the benchmark All-Share Index (ASI) increased further by 330.85 basis points to represent 0.61 per cent to…
The Chartered Institute of Stockbrokers (CIS), has invested the pioneer Chief Executive Officer of Asset Management Corporation of Nigeria (AMCON) and the Chairman of Fidelity Bank PLC., Mr Mustafa Chike-Obi, as a Honourary Fellow even as he pledged to work…
Naira depre- ciated against the USD dollar on Thursday, at the black market to trade at an average of N765/$1 representing a 0.39 per cent, depreciation from N762/$1 recorded in the previous trading session. The exchange rate has remained unstable…
By Philemon Adedeji Equities market at the Nigerian Exchange Limited (NGX), bounced back yesterday, paring the prior session’s loss, as the benchmark All-Share Index (ASI) gained 126.22 basis points or 0.23 per cent higher to closed at 54,315.53 absolute points…
The Lagos Commodities and Futures Exchange has advocated the need for PENCOM to implement the relevant laws that made provision for Pension Fund Administrators (PFAs) to invest in the Commodities Ecosystem to accelerate the Nigerian economic development. Specifically, the LCFE’s…
By Philemon Adedeji Few days to go before Nigeria’s highly anticipated general elections, domestic investors in the local bourse are scooping up positions in stocks, shunning potential risks from the impacts of voter’s choices. Nigerian Exchange Limited (NGX) All-Share Index…
At the close of trade yesterday, Bearish sentiment which persisted drove the domestic bourse lower caused by losses recorded in Tier-1 bank which are Guaranty Trust Holding Company (-0.40 per cent), First Bank Holdings of Nigeria (FBNH), (-0.43 per cent)…
