The Nigerian Exchange Ltd. (NGX) has suspended trading in the shares of Transnational Corporation Plc (Transcorp). The NGX, in its weekly report, said that the suspension, on Thursday, was necessary to determine the shareholders entitled to receive the firm’s reconstructed…
To end the week, the stock market rebounded from previous losses, gaining N74 billion. Investor interest in MTN Nigeria, FBN Holdings, Guaranty Trust Holding Company (GTCO) and other equities lifted the market. Notably, the market capitalisation opened at N56.014 trillion,…
Nigeria’s equities market decreased further by N671 billion at the close of trading session on Thursday. The market’s negative close happened as investors sold mostly industrial and consumer goods stocks despite rally seen in oil & gas and insurance stocks.…
Investors in the Nigerian equities market enjoyed a profitable trading week raking in N121.07bn on the floor of the Nigerian Xchange Group (NGX) as equity capitalisation rose to N56.78trn from N56.46trn the previous week. This follows a gain of N454.86bn…
The Securities and Exchange Commission (SEC) says it will encourage government agencies and state owned enterprises to list on the Nigerian Exchange Ltd. (NGX). The Director-General (D-G) of SEC, Dr Emomotimi Agama in an interview with journalists in Abuja on…
Nigeria’s equities market on Thursday recorded its first negative close in this holiday-shortened trading week. The NGX All-Share Index (ASI) decreased by 0.19 percent, following record sessions of positive closes in early trading this week. All key sectoral indices closed…
Greif Nigeria PLC, a manufacturer and marketer of steel drums, is set to enter the third and final phase of its delisting from the Nigerian Exchange (NGX) after resolving outstanding tax liabilities and other debts. The company, which was listed…
The Nigerian Exchange Ltd.(NGX) market capitalisation, on Friday, closed positive with N248 billion gain. Specifically, the market capitalisation added N248 billion or 0.44 percent to its opening of N55.754 trillion to close at N56.002 trillion. The All-Share Index also gained…
Investors in the Nigerian equities market enjoyed a trading week of massive profit taking as they raked in a massive N607bn on the floor of the Nigerian Xchange Group (NGX) as equity capitalisation rose to N56.00trn from N55.39 trillion the…
The Nigerian equity market opened the week with N111 billion loss recorded for investors, amid supplementary listing of eight billion ordinary shares of Japaul Gold and Ventures Plc. Specifically, the Nigerian Exchange Ltd.(NGX) market capitalisation, which opened at N55.394 trillion,…
