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The Nigerian equities market capitalisation crossed the N60 trillion mark at the close of trading on Friday. This followed the surge in the share prices of stocks like Aradel, Caverton, and Ikeja Hotel amongst others on the trading floor. After five hours of trading at the capital market, the equity capitalization rose by N375 billion ...
Nigeria’s equities market rose by 0.25 percent on Thursday, recording its third day of rally this week. For the second time this week, Conoil Plc on Thursday led the market’s league of advancers after its share price moved from N352 to N387.20, adding N35.20 or 10 percent. It was followed by Tantalizers which increased from ...
NGX Regulation Limited (NGX RegCo) held its annual Issuers’ Engagement Forum on Wednesday, focusing on the adoption of the International Financial Reporting Standards (IFRS) Sustainability Disclosure Standards. Themed “Adopting the IFRS Sustainability Disclosure Standards: Strategies and Expectations,” the event brought together industry leaders, regulators, and representatives of Nigeria’s top listed companies to chart a path ...
The Nigerian equities market sustained the previous day’s profit-making with another N183 billion profit for investors at the close of trading on Wednesday. This followed a surge in the share prices of stocks like CONOIL, AFRICAN PRUDENTIAL INSURANCE and RT BRISCOE amongst others on the trading floor. After five hours of trading at the capital ...
The Nigerian equities market rebounded from the previous day’s loss with a profit of N60 billion for investors at the close of the day’s trading. This followed a surge in the share prices of stocks like Gold Breweries, Guinea Insurance, and African Prudential Insurance amongst others on the trading floor. After five hours of trading ...
The Nigerian equities market began the new week on Monday, December 9, 2024 with a loss, as investors lost N62bn at the end of the trading session on the floor of the Nigerian Exchange Group (NGX). This was a result of the dip in the share prices of stocks like NSLTECH, Guineains, and Deapcap amongst ...
Dangote Sugar Refinery Plc has launched its series 6 and 7 Commercial Paper (CP) issuance of up to N50 billion under its N150 billion Commercial Paper issuance programme. The CP issuance, which is still open, is scheduled to close on Thursday December 12, 2024. The CP will be used to support Dangote Sugar Refinery Plc ...
The Nigerian naira posted strong gains against the European currency at the parallel market on the weekly spectrum amid ongoing reforms in Nigeria’s foreign exchange market and political uncertainty in Europe. The Euro is losing significant support (N1690/€) against the Nigerian currency, which has caused the EUR/NGN price to lean more bearish. The EUR/NGN opened ...
Investors in the Nigerian equities market smiled raking in a massive N426.68 billion as profit on the trading floor. This follows a loss of N185.59 billion the previous week. The bourse recorded gains in three of the five trading sessions this week and ended up with a profit of N426.68 billion. The market capitalisation increased ...
Geregu Power PLC has been named the “Most Compliant Listed Company” at the 2024 Made of Africa Awards, a recognition for adherence to corporate governance and regulatory standards. The awards, organised by the Nigerian Exchange Commission (NGX), were held in Lagos and featured prominent stakeholders in the financial and corporate sectors. The award was presented ...
Investors in the Nigerian equities market gained N58 billion at the close of trading on Friday. This followed a surge in the share prices of stocks like Golden Breweries, Japaul Gold, and Sunu Assurance amongst others on the trading floor. After five hours of trading at the capital market, the equity capitalisation surged to N59.5 ...
Despite Monetary Policy Rate (MPR) increases by Nigeria’s Central Bank (CBN) as well as other macroeconomic headwinds, Nigeria’s stock market value increased by N18.2 trillion in eleven months to November. Since the beginning of 2024, the stock market has witnessed significant rally and buying- interest, especially in the financial services, consumer, and industrial goods sub-sector, ...
The Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, has provided details on the bank’s approach to restoring the true value of the Naira. Speaking at the 59th annual bankers’ dinner organised by the Chartered Institute of Bankers of Nigeria in Lagos, Cardoso revealed that the CBN plans to introduce an electronic forex ...
Investors in the Nigerian equities market endured a bearish week that culminated in a weekly loss of N185.59 billion on the trading floor. This follows a gain of N77.77 billion the previous week. The bourse recorded losses in three of the five trading sessions this week and ended up with a decline of N185.59 billion. ...
Investors in the Nigerian equities market gained N305 billion at the close of trading on Thursday. This followed a surge in the share prices of stocks like VITAFOAM, ARADEL, and FT COCOA amongst others on the trading floor. After five hours of trading at the capital market, the equity capitalisation surged to N59.2 trillion from ...
The Nigerian equities market closed positively on the trading floor of the Nigerian Exchange Group (NGX) on Tuesday, November 26, 2024, as investors gained N8bn. This followed a surge in the share prices of stocks like HMCALL, SUNUASSUR, and Japaul Gold amongst others on the trading floor. After five hours of trading at the capital ...
Wema Bank, Nigeria’s innovative leader in banking and pioneer of Africa’s first fully digital bank, ALAT, has officially announced the 35 exceptional teams advancing to the grand finale pitch of Hackaholics 5.0. The grand finale pitch is set to hold on November 25, 2024, in Lagos, themed “Meta Idea: Catalysing Africa’s Growth Through Innovation.” After ...
Ahead of Tuesday’s decisions of the ongoing monetary policy committee (MPC) meeting, Nigeria’s equities market closed in red (-0.21percent). “We anticipate a mixed market performance in the coming week as investors shift their focus to the outcome of the MPC meeting scheduled for 25th and 26th of November, 2024,” according to investment research analysts at ...
The Securities and Exchange Commission on Monday, revealed that banks and other companies raised N2.7tn from the capital market in the first 11 months of 2024. It said the sum was generated through various investments, securities, and financial instruments in an effort to expand business operations, support economic growth, and enhance financial market activities. The ...
The Nigerian equities market ended the previous week with a loss of N98 billion by investors on Friday. This followed a dip in the share prices of stocks like Multiverse, Daar communication, and FBNH amongst others on the trading floor. After five hours of trading at the capital market, the equity capitalisation crashed to N59.2 ...
The Nigerian equities market wrapped up a relatively quiet trading week with a notable gain of N77.77 billion. Despite the subdued activity, the market managed to sustain positive momentum, reflecting investor confidence in select stocks. This follows a gain of N294.96 billion the previous week. The bourse recorded gains in three of the five trading ...
Shares of Unilever Nigeria Plc have soared 28 percent week-to-date in the trading week starting on November 18, 2024, pushing the year-to-date performance to over 95 percent. The rise comes on the heels of the company’s Q3 financial results, announced on October 21, 2024, which reported a pre-tax profit of N13.96 billion for the nine-month ...
Bank of Industry (BOI) has said that since 2017 when it commenced raising funds on the international market with a $750 million AFREXIM loan, the bank has successfully raised over $5 billion from the international capital markets through Eurobonds, loan syndications, and green finance instruments. This was disclosed on Thursday during a press conference in ...
