Investors appeared to be taking major positions in the oil and gas and banking sectors as companies round off the 2021 financial year. Transactions on the shares of three major oil and gas and banking stocks accounted for two-thirds of total turnover at the Nigerian stock market at the weekend. Trading report for the week […]
Investment company Pioneer VCT Equity Income Fund ( Current Portfolio ) buys JPMorgan Chase, Exxon Mobil Corp, Schlumberger, Medtronic PLC, Charles Schwab Corp, sells KLA Corp, Smith & Nephew PLC, Clorox Co, Truist Financial Corp, Canadian Imperial Bank of Commerce during the 3-months ended 2021Q3, according to the most recent filings of the investment company, […]
NGX Group Kayode Tokede The stock market of the Nigerian Exchange Limited (NGX) last week closed in negative territory ahead of Christmas and New year celebrations. The bears dictated proceedings in the stock market, as profit-taking activities dominated performance, with the benchmark index recording declines on three of the five trading sessions of the week. […]
By Dipo Olowookere The Chairman of FBN Holdings Plc, Mr Remi Babalola, has exited his position barely nine months after he was appointed to occupy the seat. The former Minister of State for Finance was appointed by the Central Bank of Nigeria (CBN) on April 29, 2021 , to head the board of directors of […]
The aerial view of Lagos Island Business District PHOTO: FEMI ADEBESIN-KUTI Secretary to the Government of the Federation, Boss Mustapha, has stated that the creation of NG Clearing Limited, the first Central Counterparty (CCP) in West Africa, will complement the Federal Government’s efforts in expanding the economy and improving capital inflow. A CCO is an […]
[FILES] Nigerian Exchange Group (NGX). Photo/facebook/ngxgroup Trading activities on the floor of the Nigerian Exchange (NGX) sustained a sliding profile yesterday due to losses in the shares of many blue-chip firms, especially MRS and Chams, causing market capitalisation to depreciate further by N71 billion. Specifically, market capitalisation of listed equities declined by 0.31 per cent […]
T ransnational Corporation of Nigeria (Transcorp) Plc has disclosed plans to increase the combined available capacity at Transcorp Power Limited (TPL) and Trans Afam Power Limited (TAPL) to 843 megawatt (MW) with the completion of the ongoing upgrade and repairs in both power plants. Specifically, the company said it plans to raise average available capacity […]
INVESTORS seeking competitive and stable returns should consider a portfolio of value stocks in financial services, oil and gas, manufacturing, telecommunications and agriculture. In its latest “Top Picks”, FSDH Capital, an investment banking group, selected 10 stocks that provide reasonable assurance of returns as the full-year earnings cycle draws near. The model portfolio by analysts […]
For many years, the subject of who is Nigeria’s largest employer of labour has been a popular topic While Nigerians strongly believe Dangote is the largest employer and could well be but a recent report shows it is not among the top five The Nigerian banking sector continues to remain a go-to place for many […]
Bargain-hunting in many blue-chip stocks, especially Red Star Express and Meyer, aided the Nigeria Exchange Limited’s (NGX) rebound yesterday, as the All-Share Index (ASI) increased by 0.09 per cent. Specifically, at the close of transactions yesterday, the ASI rose by 39.84 absolute points, representing a growth of 0.09 per cent to close at 42,357.36 points. […]
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