Nigerian Stocks Exchange (NGX) Nigeria stocks lengthened their uptrend on Tuesday, helped in part by investors increasing demand for telco stocks as well as for conglomerates and financial services shares, a broad-based progress culminating in a N252.4 billion gain. MTNN and Airtel continued to command investors’ interest and were joined United Capital and UACN in […]
Nigerian Stocks Exchange (NGX) Nigerian stocks were weaker by 0.05 per cent on Wednesday after the benchmark index lost bond with the force of progress that had helped share value up since Friday. A couple of stocks dominated by financial services stocks, comprised of Lafarge WAPCO, Ecobank Transnational Incorporated, Access and Zenith, shed part of […]
Top petroleum companies in Africa, Seplat Petroleum Development Company Plc, and Nigeria Liquified Natural Gas Limited (NLNG) are among the leading organisations to bag the the Africa Safety Awards for Excellence (AfriSAFE) taking place in Lagos on Friday, November 12. The event holds at Oriental Hotel, Victoria Island by 4pm. AfriSAFE Chief Executive Officer, Femi […]
Kayode Tokede The stock market of the Nigerian Exchange Limited (NGX) yesterday sustained its positive sentiment, gaining N252.42billion as investors renewed interest in Airtel Africa Plc and 23 others.. The market positive performance was driven by price appreciation in large and medium capitalised stocks which are; Airtel Africa, MTN Nigeria Communications (MTNN), Ardova, Lafarge Africa […]
ABUJA, Nov 4 (Reuters) – MTN Group Ltd (MTNJ.J) will begin book-building this month for a public offer to sell up to 575 million shares in its Nigeria business, South Africa’s biggest telecoms operator said on Thursday, as it reported higher third-quarter revenue and core profit. The company, which has been exiting or reducing its […]
On the heels of impressive earnings in nine months ended September 30, 2021, it has emerged that double-digit inflation, foreign exchange devaluation, among other factors impacted the 10 most valued companies on the Nigerian Exchange Limited (NGX) as their Operating Expenses (OPEX) went up by 16 per cent to N1.5trillion from N1.34 trillion in the […]
On the heels of a severe operating environment, United Bank for Africa Plc (UBA) maintained an impressive performance in its core banking operating segment to support growth in profitability and outshine its peers. The pan-African bank’s nine months ended September 30, 2021 result and accounts showed an impressive performance on the heels of severe challenging […]
Darasimi Adebisi The stock market of the Nigerian Exchange Limited (NGX) appreciated by N165billion in its Wee-on-Week performance as investors renewed interest in Nigerian Exchange (NGX) Group, Nigerian Breweries Plc, BUA Cement Plc, Total Nigeria Plc and Stanbic IBTC holdings Plc. The stock market witnessed four days of trading activities as the Federal Government declared […]
Sustained profit-taking by investors on the Nigerian Exchange Limited (NGX), halted the five consecutive sessions of gains recorded last week, forcing the equities market to close on a downward note yesterday, as market capitalisation dipped by N12 billion. At the close of transactions yesterday, the All-Share Index (ASI) declined by 25.53 absolute points, representing 0.06 […]
Nigerian Stock Exchange Sustained Profit-taking Drags Market Capitalisation By N12bn Sustained profit-taking by investors on the Nigerian Exchange Limited (NGX), halted the five consecutive sessions of gains recorded last week, forcing the equities market to close on a downward note yesterday, as market capitalisation dipped by N12 billion. At the close of transactions yesterday, the […]
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