Following losses suffered by many blue-chip stocks, especially MTN Nigeria and African Prudential, the Nigerian equities market resumed trading for the month of December on a negative note yesterday, as market capitalisation declined by N410 billion. In summary, the All-Share Index (ASI) dipped by 784.89 absolute points, representing a decrease of 1.81 per cent, to […]
Seplat Energy Kayode Tokede Seplat Energy Plc on Thursday December 23 notified the Nigerian Exchange Limited (NGX) that its Board has terminated the contract of appointment of Austin Avuru as a Non-Executive Director. Seplat Energy told the NGX that Avuru’s appointment was terminated on December 22, 2021, “due to breaches of the Company’s corporate governance […]
Nigerian Stocks closed Christmas week on a positive note as stocks eked out a marginal 0.08% gain at the end of trading Friday, 24th December 2021. However, stocks closed the week on a negative note losing 0.21%. Among the gainers today include Union Bank, leading the gainers’ chart with a 9.9% pop as news surrounding […]
Dangote Cement and MTN once again in 2021 dominate companies listed in the Nigeria exchange The two firms are among the five biggest companies in the exclusive club of over N1 trillion market capitalisation Data from Nigeria Exchange shows this two companies led a group of ten with massive profit declaration Many Nigerian firms will […]
Zenith Bank Plc and GT Holding Co Plc investors initiated sell-offs during the day’s trading session losing 1.03% and 1.40%, respectively in share prices. Zenith Bank started the day at N24.20 and closed at N23.95 per share while GTCO started the day at N24.95 to close at N24.60 per share. The NGX closed on a […]
At the end of today’s trading session, Dangote Sugar Plc joined top 5 gainers as share price appreciated by 6.67% to close at N16.00 per share, taking the market capitalization from N182.20 billion to N194.35 billion. Dangote Sugar Plc, today recorded a loss in share price which can be attributed to investors’ positive sentiment which […]
• Nigerians may lose ownership of listed firms over loans for rights • How weak growth, sluggish NGX performance, forex scare investors • 10 firms list N906b shares on NGX in 2021 as investors initiate sell-offs A lot of listed firms on the Nigerian Exchange Limited (NGX) may, in the near future, be controlled by […]
The rise in the price of cement in the current year reflected on the profitability of the three listed center companies as they posted N356.2 billion profit after tax in nine months. Since the beginning of the year, a bag of cement has hovered between N3,800 and N4,000 and it’s likely to rise to N4,500 […]
Activities in the domestic equities market carried on last week’s bearish performances with the indices dropping by 0.38 per cent, amid sell pressure. Thus, the All-Share Index declined by 159.31 points or 0.38 per cent to close at 42,008.60 from 42,167.91 on Friday. Consequently, the month-to-date loss increased to 2.9 per cent, while the year-to-date […]
.Banking sector revenue hits N3.96trn .Six petroleum marketing coys records N776.6bn revenue Kayode Tokede Dangote Cement Plc and 47 leading companies on the Nigerian Exchange Limited (NGX) recorded combined revenue of N8.9trillion in the first nine months of 2021 amid growth in Gross Domestic Product (GDP), THISDAY checks has revealed. The 48 companies’ total revenue […]
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