By Dipo Olowookere Nigerian stocks returned to the territory of the bears on Tuesday after depreciating by 0.01 per cent at the close of transactions by 2:30 pm. Renewed profit-taking in Oando, Access Bank, UBA, UAC Nigeria and 11 others weakened the market and caused the All-Share Index (ASI) to decrease by 6.14 points to […]
A picture illustration of dividends Fifty one out of the 156 firms quoted on the Nigerian Exchange Limited have not paid dividends in at least five years, with some reaching as far back as 26 years ago. That means roughly one in every three companies on the Nigerian bourse has not paid dividend to shareholders […]
Kayode Tokede Ecobank Transnational Incorporated Plc (ETI) for the nine months ended September 30, 2021 audited result and accounts reported stronger growth in profit, attributable to reduction in impairment charges on loans & advances to customers and effective management Operating Expenses (OPEX). The results underlined solid and resilient results amid numerous domestic and foreign challenges […]
Price losses recorded by some companies in the petroleum marketing subsector, especially MRS and Eterna oil yesterday dragged the All-Share Index (ASI) by 0.01 per cent. Specifically, at the close of transactions yesterday on the Nigerian Exchange Limited (NGX), the ASI declined by 6.14 per cent, representing a decrease of 0.01 per cent, to close […]
Tuesday, December 21, 2021 / 09:45 AM / by Coronation Research / Header Image Credit: iStock How does active portfolio management work? The best way to answer this question is to show a performance attribution model, comparing a passive investment approach with an active one. Our Model Equity Portfolio has such performance attribution. As readers […]
The Nigerian capital market expected equities to maintained previous week gain as retail investors increased their holdings in dividend paying stocks ahead of 2021 full year declarations. Analysts Optimism In the new week, analysts at Cowry Assets Management Limited expected the local bourse index to trade sideways as investors wait on the sidelines to take […]
By Dipo Olowookere Investors in the nation’s equity market are beginning to limit their exposure to stocks as their festive period draws closer. Last week, a total of 1.3 billion shares worth N15.3 billion exchanged hands in 18,292 deals in contrast to the 2.6 billion shares worth N26.9 billion transacted in 20,848 deals a week […]
Kayode Tokede The stock market of the Nigerian Exchange Limited (NGX) yesterday closed on a negative note with a decline of 0.01 per cent as investors’ take profit in MRS Oil Nigeria Plc, Eterna Plc and 19 other stocks. The stock market performance of yesterday witnessed Eterna dropping by 9.91, MRS Oil Nigeria depreciated by […]
The issue of bonds worth NGN 60 billion called on experience from across Nigeria’s legal and finance sectors. Nigerian energy company Ardova has issued NGN 60 billion (USD 146 million) in bonds as part of a debt issuance programme, raising funds for expansion and its working capital. Headquartered in Lagos, Ardova operates downstream retail and […]
Stock traders in a stock market Nigerian stocks returned to gain on Wednesday as the benchmark index jumped rose per cent even though that was too paltry in obliterating the loss of the session before. GTCO, Nigeria’s biggest lender by market value, steered the climb alongside beer-maker Nigerian Breweries, with support from FBN Holdings and […]
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