More corporate reports for the 2021 financial year are due this week through the end of February and the current uptrend in the market will likely hang on them for sustainability if they are generally impressive. Stocks and sectors offering promise of strong return, dividend and scrip should be the focus of retail investors as […]
Kayode Tokede The stock market of the Nigerian Exchange Limited (NGX) yesterday ended the three-day investors’ profit-taking buoyed by bargain hunting in Access Bank Plc, Guinness Nigeria, and 25 others as the overall market capitalisation gained N54 billion. The overall market capitalisation size gained N54 billion to close at N25.411 trillion from N25.36 trillion it […]
By Dipo Olowookere Despite witnessing a positive investor sentiment, the Nigerian equities market closed flat on Tuesday, with the key performance indicators almost remaining unchanged at the close of transactions. The All-Share Index (ASI) was marginally higher by 1.54 points to 47,064.82 points from 47,063.28 points, while the market capitalisation was slightly up by N1 […]
With the growing lending to private and individual customers, a total of 13 banks have generated N5.96trillion interest income from loans to customers between 2020 and 2018. This has demonstrated banks’ drive to support the Central Bank of Nigeria (CBN) aggressively lending to support the real sector and boosting banks’ earnings. Nigerian Banks with branches […]
Sola Oni writes that equity investors are likely to purchase shares of companies that have proposed high dividend The first quarter of the year is always characterized by announcement of audited financial results by the quoted companies on Nigerian Exchange Group PLC (NGX PLC). One of the key drivers of an efficient market is the […]
Nigerian trading floor The upward trend at the domestic equities market continued on Thursday with a growth of N69 billion. Market capitalisation which opened at N25.411 trillion inched higher by N69 billion to close at N25.480 trillion. Similarly, the All-Share Index rose by 129.11 points or 0.27 per cent to close at 47,286.34 against 47,157.23 […]
President Muhammadu Buhari The Federal Government’s gross debt interest payments (percent of FGN revenue) is projected to grow by 92% in 2022 from 85.5% in 2021. This is according to a report titled “Nigeria Staff Report for the 2021 Article IV Consultation ”, published by the International Monetary Fund. As at the end of September […]
No doubt, barely one month after, the market has not proven us wrong as year-to-date (YtD) positive return stayed at +10.18percent At the beginning of the year, we showcased Nigerian stocks investors should buy in this year 2022 as a guide to those seeking both capital appreciation and long term returns in form of dividend […]
Getbucks Financial Services is currently in negotiations for a US$5 million recapitalisation to enable the bank to meet required minimum threshold set by the Reserve Bank of Zimbabwe (RBZ). According to the central bank thresholds Tier 1 banks, large indigenous commercial banks and all foreign banks are now required to have US$30 million minimum capital. […]
Nigerian stocks Nigerian stocks extended gains on Friday as the benchmark index rose 0.15 per cent, helping to sustain the positive momentum in the market ahead of the earnings season due to start any moment soon. Equities in Africa’s largest economy hit their peak level since September 2008 on Thursday, another milestone recorded by the […]
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