Zenith Bank, GT Holdings, and FBN Holdings led the list of most valuable banks listed in the Nigerian Stock market, with a market value of N789.6 billion, N765.2 billion, and N409.2 billion respectively as of the end of 2021. The sector, NGX banking index recorded a 3.32% gain in 2021, failing to live up to […]
Nigerian Stock Exchange Market Nigerian stocks fell 0.12 per cent as investors took profit in newly admitted BUA Foods, which had garnered over 59 per cent until the end of last week when gains began to plateau. Major declines were also reported by Transcorp and NGX Group on a day that trade volume tumbled by […]
By Dipo Olowookere The bears maintained grip on the Nigerian Exchange (NGX) Limited on Monday, causing the market to further decline by 0.12 per cent at the close of transactions. Selloffs inspired by weak investor sentiment dominated the local bourse yesterday amid cautious trading as traders watch closely happenings in the political space, which is […]
Kayode Tokede The market capitalisation o f the Nigerian Exchange (NGX) yesterday rose by N28 billion amid sustained investors bargain hunting in 28 stocks. The NGX All-Share Index (ASI) increased by 42.71 basis points or 0.10 per cent to close at 43,897.13 basis points. Similarly, the overall market capitalisation size gained N28 billion to close […]
Company Close Updates Company Logo Shares of Exxon Mobil Corp. XOM, +1.16% inched 0.05% higher to $61.02 Thursday, on what proved to be an all-around favorable trading session for the stock market, with the S&P 500 Index SPX, -1.65% rising 0.62% to 4,725.79 and the Dow Jones Industrial Average DJIA, -1.55% rising 0.55% to 35,950.56. […]
Exxon Mobil Corp on Dec. 30 signaled a return to annual profit for 2021 as stronger oil and gas prices drove a gain of up to $1.9 billion in operating profits that exceeded one-time charges. The largest U.S. oil producer issued a snapshot of final quarter results that showed it expects sequentially higher profit from […]
Getty Images Over the past three months, the stock has climbed 12.6%, while continuous crude oil futures CL00, +0.91% have gained 2.1% and the S&P 500 index SPX, -1.70% has advanced 6.7%. Truist’s Dingmann upgraded Exxon Mobil to hold after cutting it to sell about two months ago. He raised his stock price target to […]
Investors on Monday lost the sum of thirty billion Naira as the Nigeria stock market crashed by 0.12 per cent at the close of the day’s business. It was gathered that the Nigeria stock market which lost thirty billion Naira on Monday dropped from ₦23.95 trillion to ₦23.92 trillion on Monday. The All-Share Index after […]
By Babajide Komolafe Nigeria’s diaspora remittances inflow is set to beat the World Bank’s projection for 2021, as it rose to $14.2 billion in the nine months ending September 2021, up 10 per cent Year-on-Year, YoY, from $12.9 billion in the corresponding period of 2020, reflecting the impact of post-COVID economic recovery measures. This is […]
Analysis of the recently released data by the National Bureau of Statistics (NBS) on capital importation for Q3 2021 revealed that the total amount of foreign investment inflows into the Nigerian economy improved by 97.7% q/q and 18.5% y/y to US$1.73bn in Q3 2021 from US$0.88bn in Q2 2021 and US$1.46bn in Q3 2020. However, […]
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