Increased crude oil production output from Nigeria was instrumental to the rise in the production output of the Organization of Petroleum Exporting Countries (OPEC) in December 2022. OPEC’s daily output in December was boosted by 150 barrels and Nigeria contributed…
By Philemon Adedeji The Securities and Exchange Commission (SEC) has stated that the persisted proliferation of operators running illegal investment schemes in the country continues to be a major critical concern to the capital market. Director General of the SEC,…
Mojisola Adeola has resigned as the Company Secretary and Head of Compliance of Nigerian Exchange Group Plc. According to the disclosure signed by Group Managing Director and Chief Executive Officer, Oscar Onyema the resignation became effective on December 31, 2022.…
By Philemon Adedeji Bullish sentiment persisted yesterday on the Lagos bourse to close the seven-trading session Santa Claus rally. Gains in Buafoods (+2.10 per cent), Zenith Bank (+0.42 per cent) and GuarantyTrust Holding Company (+1.08 per cent) offset losses in…
By Philemon Adedeji Equities market on the Nigerian Exchange Limited (NGX) opened New Year on a positive note to continue from what it closed Last year, as All-Share Share (ASI) appreciated by 344.6 basis points to represent 0.67 per cent…
By Philemon Adedeji Federal Government of Nigeria declared Monday 26th and Tuesday 27th December 2022 a Public Holiday to mark the Christmas celebration, that is why trading take place only in three days last week as the year ended on…
By Philemon Adedeji The Revised Capital Market Master Plan 2015-2025 (RCMMP), developed by the Securities and Exchange Commission (SEC) Nigeria in collaboration with stakeholders, has been described as capable of providing a blueprint to harness these opportunities to better position…
By Philemon Adedeji At the Nigerian Exchange Limited (NGX), Domestic trading sustained the Santa Claus rally crossing the 50,000 psychological mark. The benchmark All-Share Index (ASI) inched weight by 365.4 basis points to represent 0.73 per cent closing at 50,300.00…
The exchange rate between the naira and the US dollar strengthened yesterday morning, at the black market, trading at an average of N738/$1 from N740/$1 recorded in the previous trading session. In the same vein, the exchange rate at the…
With the current state of the nation’s capital market, it is obvious that retail investors are still yet to recover from the market crash of 2008. The aftermath of the meltdown saw the nation’s capital market lose huge funds, as…
