By Philemon Adedeji Nigerian equities opened the week on a positive note, extending gains from the previous session as the All-Share Index, (ASI) closed at 17.15 basis points representing 0.04 per cent stronger to close at 48,899.08 points from 48,881.93…
The exchange rate between the Naira and the US dollar at the parallel market traded remained unchange at N745/$1 on Monday, the same as recorded in the previous trading session. Meanwhile, the local currency strengthened by 0.7 per cent against…
By Philemon Adedeji At the Nigerian Exchange Limited (NGX), Equities market halted a day negative performance on Thursday, driven by gains sustained in industrial heavyweight , Zenith Bank, Buacement, amidst other gainers pushed the broader index into positive sentiments, as…
The market capitalisation of the top five banks in Nigeria, otherwise known as the tier-1 banks or FUGAZ, depreciated by 2.10 per cent to close at N2.26 trillion as of Friday. Consequently, investors in these banks lost a total of…
Ecobank Group said it recorded transactions valued at $59.1 billion across its digital channels in the first 9 months of 2022. The company disclosed this in its audited financial report for the 9-month ended September 2022. According to the company,…
The stock market gained N281 billion or 1.07 per cent on Friday as market capitalisation closed at N26.624 trillion from N246.343 trillion recorded on Thursday at the Nigerian Exchange Ltd. All-Share Index (ASI) increased by 561.79 basis points or 1.07…
By Philemon Adedeji Loss in the shares of Wapic Insurance and 12 others halted its four-day winning streak of stock market as the benchmark index dipped by 61.35 absolute points representing 0.13 per cent to close at 48,365.14 points from…
In line with the revised edition of the Capital Market Masterplan (2021–2025) which was launched recently by the Securities and Exchange Commission (SEC), Sharia-compliant products of N5trillion will hit capital market by 2025. The Director General of the SEC, Mr…
Despite inflation rate eroding return on investment, the stock market of the Nigerian Exchange Limited (NGX) appreciated by N2.08 trillion in November 2022 as investors renewed interest in large and medium capitalised stocks. The market capitalisation closed trading at N25.959…
By Philemon Adedeji Equities market on the Nigerian Exchange Limited (NGX), yesterday close on positive posture as, Thomaswy, Japaulgold and eight others lift market capitalization to N32 billion. Consequently, at the close of trade yesterday, the All-Share Index (ASI) grew…
