We had mentioned in previous week’s closing report that Nifty, Sensex headed up. The major indices opened lower this week and closed with losses as the US Federal Reserve declared tapering its accommodative stance and also raising interest rates in FY22. On Monday, the indices opened higher and ended with loss. On the National Stock […]
Category: Nigeria Business
OANDO, UBA Are Incoming as NGX Reveals 2021 Review Results of Market Indices
Nigerian Exchange Limited (NGX), has announced the results of its full-year market index review for the following indices – the NGX 30, NGX Lotus Islamic, NGX Pension, Corporate Governance Index, Afrinvest Bank Value Index, Afrinvest Dividend Yield Index, Meristem Growth Index, Meristem Value Index; and the five Sectoral Indices of The Exchange – NGX Banking, […]
Oando joins Nigeria’s 30 largest active companies
Oando Plc has been included in crucial index of Nigeria’s 30 largest and most active companies, underlining the growing importance of the energy group as one of the most influential companies denoting the direction of the Nigerian economy. The Nigerian Exchange (NGX) yesterday published the results of its full-year market index review for the stock […]
Otedola Buys Additional 200 million First Bank Shares for N2.3bn
By Dipo Olowookere The silent underground battle for the control of FBN Holdings Plc, the parent company of First Bank of Nigeria (FBN) Limited, is getting more interesting by the day. A few weeks ago, two billionaires, Mr Femi Otedola and Mr Tunde Hassan Odukale, were in the news over who truly is the single […]
NASD Bourse Posts Rise Value, Volume, Deals in 2021
By Adedapo Adesanya The year 2021 wrapped up at the NASD Over-the-Counter (OTC) Securities Exchange on an impressive note as the transactions value, volume and number of deals grew. In the year under review, the NASD bourse recorded trades worth N32.8 billion, 158.9 per cent higher than the N12.7 billion posted in 2020. Also, the […]
Miscellaneous sector posts 116pc gain in 2021
Miscellaneous sector was the best performer on the Dhaka Stock Exchange (DSE) in 2021, showing 116 per cent return while the jute sector was the worst loser, shedding 28 per cent. The sector, which comprises 14 companies, generated the highest return, led by Bangladesh Export Import Company (Beximco), which posted a 176 per cent gain […]
Shares of Berger Paints rise as Nifty gains
Mazhar Mohammad of Chartviewindia.in said technical indicators are turning mixed as the weekly MACD chart has generated a ‘buy’ signal, giving an edge to the bulls. Shares of Berger Paints NSE 0.77 % (India) Ltd. gained 0.59 per cent to Rs 781.0 in Tuesday’s trade as of 12:02PM (IST). It hit a high of Rs […]
Nigerian stocks add N172 billion hit five-week peak
Nigerian stocks Nigerian stocks upped by 0.77 or N171.7 billion on Tuesday, an auspicious start for trade in the new year, even though there are still concerns around the chronically depressed levels of trade volume, which crumbled by more than half compared to that of Friday By the agency of gains recorded by BUA Cement […]
LCCI: Nigeria May Exceed N6.25trn Budget Deficit in 2022
Dike Onwuamaeze The Lagos Chamber of Commerce and Industry (LCCI) has warned that the federal government’s deficit financing in 2022 might exceed the projected N6.25 trillion due to low public revenue mobilisation in the economy. The LCCI made this observation during its 133rd Annual General Meeting (AGM), where it attributed the weak component of the […]
Stock Market To Close 2021 Positive
Stock market analysts stated that the market may close positive this week as the year 2021 comes to an end. The week is going to have a three-day trading session as the federal government declared Monday and Tuesday December 27th and 28th, 2021 as public holidays to mark Christmas and Boxing Day celebration. Analysts Optimism […]