…2023 likely to be dawn of new day for market, Nigerian economy — Popoola Nigerian Exchange Limited (NGX) made a strong showing with its performance in the year 2022 as it recorded landmark transactions. At the NGX 2022 Market Recap…
By Philemon Adedeji Living Trust Mortgage Bank has released its audited financial statement for the period ended December 31, 2022, reporting profit before tax (PBT) which increased significantly by 33 per cent to N1.026 billion in full year 2022 from…
By Philemon Adedeji Yesterday, the activities on the local bourse ended mixed, albeit with a bearish tilt as the benchmark index shed 12.9 basis points or 0.02 per cent to close at 52,599.65 index points from 52,612.55 index points. Bearish…
Top Stockbrokers have x-rayed the state of the Nigerian capital market in 2022 and forecast recovery in 2023 despite the headwinds and uncertainties associated with the economy. The Nigerian economy is going through a tough period with headwinds, including imported…
By Philemon Adedeji Following consistent bargain for the opening of the week in telecommunication company, MTNN and 17 other stocks, bullished sentiments occurred on the Nigerian Exchange Limited (NGX) as market Capitalization furtherly increased by N35 billion to close at…
By Philemon Adedeji The Nigerian Exchange Limited (NGX) All-Share Index (ASI) and Market Capitalization appreciated by 0.16 per cent to close the week at 52,594.68 index points and N28.647 trillion respectively. Similarly, all other indices finished higher with the exception…
The Chairman of the Association of Securities Dealing Houses of Nigeria (ASHON), Mr Sam Onukwue, has identified some factors that will drive activities in the Nigerian financial market. Onukwue, who stated this in an interview said it became necessary to…
The local bourse ended the last trading of the week on a negative note as the performance indices declined by 0.06 per cent. Specifically, the market capitalisation dropped by N18 billion or 0.06 per cent to close at N28.646 trillion…
The ex change rate between the naira and the US dollar at the black market depreciated by 0.27 per cent to trade an average of N748/$1 on Thursday, compared to N746/$1 recorded on the previous day. However, the exchange rate…
Trading activities on the Lagos bourse was mixed, albeit with a bullish sentiment as the benchmark All-Share Index closed Significantly higher by 10.91 absolute points representing 0.02 per cent to close at 52,626.42 Index points from 52,615.51 Index points. Gains…
