Investors on Monday lost the sum of thirty billion Naira as the Nigeria stock market crashed by 0.12 per cent at the close of the day’s business. It was gathered that the Nigeria stock market which lost thirty billion Naira on Monday dropped from ₦23.95 trillion to ₦23.92 trillion on Monday. The All-Share Index after […]
By Babajide Komolafe Nigeria’s diaspora remittances inflow is set to beat the World Bank’s projection for 2021, as it rose to $14.2 billion in the nine months ending September 2021, up 10 per cent Year-on-Year, YoY, from $12.9 billion in the corresponding period of 2020, reflecting the impact of post-COVID economic recovery measures. This is […]
Analysis of the recently released data by the National Bureau of Statistics (NBS) on capital importation for Q3 2021 revealed that the total amount of foreign investment inflows into the Nigerian economy improved by 97.7% q/q and 18.5% y/y to US$1.73bn in Q3 2021 from US$0.88bn in Q2 2021 and US$1.46bn in Q3 2020. However, […]
Floor of the Nigerian Stock Exchange Nigerian stocks depreciated by 0.09 per cent on Tuesday in their worst show since year start as investors dumped food and beverages stocks led by Nestle and Nigerian Breweries, and partial profit-booking weighed. Drop in the share prices of NGX Group and UBA strengthened the loss, with the underwhelming […]
Company Close Updates Company Logo Shares of Exxon Mobil Corp. XOM, +4.21% slipped 0.88% to $61.15 Wednesday, on what proved to be an all-around positive trading session for the stock market, with the S&P 500 Index SPX, +0.92% rising 0.14% to 4,793.06 and the Dow Jones Industrial Average DJIA, +0.51% rising 0.25% to 36,488.63. This […]
Exxon Mobil Corp. ( XOM ) shares closed today at 0.4% below its 52 week high of $69.18, giving the company a market cap of $291B. The stock is currently up 12.6% year-to-date, up 62.6% over the past 12 months, and up 1.1% over the past five years. This week, the Dow Jones Industrial Average […]
Stanbic IBTC Stanbic IBTC Holdings Plc hopes to get the blessings of regulators for the fintech subsidiary it plans to set up any moment soon, the financial services group said on Tuesday. To be christened Stanbic IBTC Financial Services Limited, the fintech firm will emerge at a time of tough luck for Stanbic IBTC Holdings […]
The appointments are subject to the approval of the Central Bank of Nigeria. The board of directors of FBN Holdings Plc, on Wednesday, announced the appointments of three executive directors for its commercial banking arm, First Bank Nigeria Limited. It appointed Olusegun Alebiosu as executive director, risk management and executive compliance officer, while Oluwatosin Adewuyi […]
Nigerian Stock Exchange The Nigerian Exchange Limited (NGX) reopened in an upbeat yesterday, occasioned by gains in major highly capitalised (high cap) stocks, as market capitalisation appreciated by N276 billion. Specifically, the All-Share Index (ASI) rose by 528.15 points, representing a growth of 1.26 per cent to 42,411.12 points. Accordingly, investors gained N276 billion in […]
STOCK *Investors gain N1.2trn *Analysts predict mixed performance in 2022 By Peter Egwuatu & Nkiruka Nnorom Against the backdrop of marginal economic recovery in 2021, Nigeria’s stock market recorded a slowdown in growth but the performance indices remained in positive territories. Though the sustained positive trajectory in the market was slower compared to that of […]
The value of investments can go down in value as well as up, so you could get back less than you invest. Past performance does not necessarily indicate a financial product’s future performance. This website aims to provide information to help you make your own informed decisions. Our publications, ratings and analysis should be viewed as an additional investment resource, not as your sole source of information. This website does not provide personal advice based on your circumstances. To obtain advice tailored to your situation, please contact a professional financial adviser.