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…
Nigeria’s equities market on Thursday recorded its first negative close this week as some investors chose to take profit after three consecutive days of stocks rally. The market decreased by 0.18 percent on Thursday. This week, it has risen by…
Nigeria’s equities market furthered its movement into the green region by 0.18 percent or N104 billion on Tuesday, defying the Central Bank of Nigeria (CBN) further hike in monetary policy rate (MPR) in the latest push to rein in inflation.…
Ahead of the outcome of the ongoing Monetary Policy Committee (MPC) meeting, Nigeria’s equities market opened the new week in green, rising by 0.14 percent on Monday. Stocks like Flour Mills (+9.81 percent), Fidelity Bank (+9.93 percent), and FCMB Group…
Nigeria’s equities market on Wednesday furthered its journey northwards as investors bought banking, insurance, and oil & gas stocks despite profit taking in consumer good and industrial counters. SFS Real Estate Investment Trust (REIT) increased most by N16.30 or 9.99…
The Nigerian stock market, on Tuesday, rebounded from its previous session’s loss with N343 billion profit added to the portfolios of investors. Investors’ interests in MTN Nigeria, alongside Guaranty Trust Holding Company (GTCO),Transnational Corporation and Oando Plc pushed the broader…
Nigeria’s equities market opened the month of August negatively as it on Thursday recorded the highest daily decline following the ongoing nationwide protests. For the fourth consecutive day, the market decreased by 0.42 percent at the close of trading session.…
Equities market furthered its downward movement on Thursday as sell-side pressure continues on the Bourse. The market decreased by N118 billion or 0.21 percent at the close of trading. The market which saw pockets of demand in select names however…
…Laments $500m loss over petrochemical facility delay in Ogun state …As NNPC Ltd unable to pay for 20% stake President of the Dangote Group, Aliko Dangote has revealed plans to list the Dangote refinery and Fertilizer company on the stock…
For the second time this week, Nigeria’s equities market increased on Tuesday by 0.53 percent as investors bought shares of Dangote Sugar Refinery, Nascon, PZ Cussons and Transcorp. The Nigerian Exchange Limited (NGX) All-Share Index (ASI) and equities market capitalisation…
