The oil and gas index closed the year 2022 on a positive note to emerge as the best-performing index with a gain of 34.05 per cent. The Nigerian equities market finished 2022 on a bullish run as the NGX All-Share…
By Philemon Adedeji The provisions of the Investments and Securities Bill recently passed by the House of Representatives is expected to inspire confidence of both local and foreign investors as they can be assured that the regulators have been sufficiently…
By Philemon Adedeji The Nigerian Equities market reversed the previous day loss as the benchmark All-Share Index appreciated by 283.27 absolute points representing 0.55 per cent to close at 51,729.87 index points from 51,446.60 index points it closed previously. Gains…
The Central Bank of Nigeria (CBN) is open to creating a regulatory framework for potential implementations of stablecoins, according to a recently released document seen by journalists. The document titled “Nigeria Payment System Vision 2025” includes provisions for regulating initial…
The equity market on Tuesday pulled back after the previous day’s rally, making the performance indices decline by 0.48 per cent. The market capitalisation shed N134 billion or 0.48 per cent to close at N28.021 trillion from N28.155 trillion traded…
By Philemon Adedeji Equities market opened the week on positive performance as the All-Share Index advanced higher by 470.74 absolute points or 0.92 per cent to close at 51,700.36 points from 51,222.34 index points it closed trade on Friday. Sustained…
The five Nigerian leading financial institutions known as tier-1 banks or otherwise called FUGAZ, their last trading day results revealed that market capitalisation appreciated by 3.52 per cent to close the week at N2.46 trillion, even as investors gained a…
By Philemon Adedeji Bearish sentiments persisted yesterday on the Nigerian Exchange Limited (NGX), ending its thirteen-day winning streak. Selloff in index heavyweight Airtel Africa (-8.26 per cent) was the major drag on the overall market. The Nigerian Exchange Limited (NGX),…
The exchange rate between the Naira and the US dollar appreciated on Thursday, trading at an average of N730/$1 at the black market, an improvement of 0.82 per cent from N736/$1 that was recorded in the last three trading days.…
By Philemon Adedeji The Nigeria’s largest foam manufacturers, producing both flexible and rigid polyurethane products, Vitafoam Nigeria plc has reported its audited financial results for the period ended December 29, 2022, reporting Profit Before Tax (PBT) of N7.214 billion in…
