At the end of today’s trading session, Dangote Sugar Plc joined top 5 gainers as share price appreciated by 6.67% to close at N16.00 per share, taking the market capitalization from N182.20 billion to N194.35 billion. Dangote Sugar Plc, today recorded a loss in share price which can be attributed to investors’ positive sentiment which […]
• Nigerians may lose ownership of listed firms over loans for rights • How weak growth, sluggish NGX performance, forex scare investors • 10 firms list N906b shares on NGX in 2021 as investors initiate sell-offs A lot of listed firms on the Nigerian Exchange Limited (NGX) may, in the near future, be controlled by […]
The rise in the price of cement in the current year reflected on the profitability of the three listed center companies as they posted N356.2 billion profit after tax in nine months. Since the beginning of the year, a bag of cement has hovered between N3,800 and N4,000 and it’s likely to rise to N4,500 […]
Activities in the domestic equities market carried on last week’s bearish performances with the indices dropping by 0.38 per cent, amid sell pressure. Thus, the All-Share Index declined by 159.31 points or 0.38 per cent to close at 42,008.60 from 42,167.91 on Friday. Consequently, the month-to-date loss increased to 2.9 per cent, while the year-to-date […]
.Banking sector revenue hits N3.96trn .Six petroleum marketing coys records N776.6bn revenue Kayode Tokede Dangote Cement Plc and 47 leading companies on the Nigerian Exchange Limited (NGX) recorded combined revenue of N8.9trillion in the first nine months of 2021 amid growth in Gross Domestic Product (GDP), THISDAY checks has revealed. The 48 companies’ total revenue […]
*Political risk, rising interest responsible – Experts By Nkiruka Nnorom Pension Funds investment in domestic equities fell to N873.49 billion in the nine months ended September 30, 2021 on the back of rising interest rate in the fixed income market and uncertainty over the upcoming general election. This represents 5.04 percent Year-to-Date (Y-t-D) decline compared […]
In October, The Central Bank of Nigeria (CBN) unveiled the very first Central Bank Digital Currency (CBDC) in Africa with a lot of national and international interest on how well the electronic currency will perform and what problems it would solve in the banking and finance space on the continent. TheCable brings you some quick […]
Sonali Paper and Board Mills is witnessing an inexplicable rise in its share value and as a result, the company’s stocks are trading at an abnormal level, according to analysts. Sonali Paper’s trade volume at the Dhaka Stock Exchange (DSE) was worth about Tk 153 crore yesterday while the company’s total paid-up capital was Tk […]
Nigerian stock market trading floor The Nigerian stock market extended bearish mood on Thursday on the back of sell pressure on Seplat Energy and 33 others. Specifically, the market capitalisation dropped further by N113 billion or 0.51 per cent to close at N22.044 trillion from N22.157 trillion on Wednesday. Similarly, the All-Share Index which opened […]
Nigeria’s macroeconomic performance recorded modest improvement in 2021 with gradual rebound in economic growth, declining inflation, steady corporate earnings and improved returns in the financial markets masking a turbulent currency management, persisting sense of insecurity, emergent COVID-19 threat and rising political risks. Deputy Group Business Editor, Taofik Salako reports. The Nigerian stock market is set […]
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