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 […]
The Nigerian equities market sustained a sliding profile at yesterday’s transactions, occasioned by losses in the shares of BUA Foods and 20 others, causing market capitalisation to dip further by N79 billion. Yesterday, the All-Share Index declined by 146.15 per cent, representing a decrease of 0.31 per cent, to close at 47,057.24 points. Similarly, the […]
NGX Group Kayode Tokede The Nigerian Exchange Limited (NGX) listed Federal Government of Nigeria (FGN) $4 billion FGN Eurobonds, N171.17 billion FGN Savings Bonds and N720.04billion securities on its platform in January 2022. The listed securities on the bourse in January are BUA Foods’ N720 billion listing by introduction of 18,000,000,000 ordinary shares of N0.50 […]
Analysts have said trading activities on the Nigerian stock market will be driven by the outcome of the Monetary Policy Committee (MPC) meeting. The MPC is expected to hold its first meeting of the year on the 24th and 25th of January 2022. Analysts expect the Committee to assess global growth prospects for the year […]
Nigeria’s Financial Service sector is expected to continue its 2021 progress and grow by 8.32%. This was revealed by the Managing Director/Chief Executive Officer, Financial Derivatives Company, Mr Bismarck Rewane, at the Nigerian Economic Outlook 2022 webinar organised by First Bank of Nigeria Ltd. on Thursday in Lagos, according to NAN. He stated that growth […]
BUA Foods Plc joined the SWOOTs after passing the N1 trillion threshold required to be classified as a member of the group. After appreciating by 24.10% during the week, from N53.2 per share to N66.00 per share, BUA Foods had gained a total of N230.40 billion, taking the company’s market value to N1.19 trillion. Up […]
SWOOT The combined market capitalization of stocks worth over one trillion (SWOOTs) depreciated by 0.16% to close at N17.75 trillion from N17.78 trillion the previous week, reflecting a loss of N29.12 billion. Stocks included in this classification are AIRTELAFRICA, BUA CEMENT, DANGOTE CEMENT, NESTLE, MTNN Plc, and recently, BUA FOODS. Stock Performance Airtel Africa Plc […]
The combined market capitalization of stocks worth over one trillion (SWOOTs) appreciated by 2.70% to close at N18.23 trillion from N17.75 trillion the previous week, reflecting a gain of N478.72 billion. Stocks included in this classification are AIRTELAFRICA, BUA CEMENT, DANGOTE CEMENT, NESTLE, MTNN Plc, and recently, BUA FOODS. Stock Performance Dangote Cement Plc – […]
Nascon Allied Industries Plc has informed the Exchange, shareholders and general public of the resignation of the company’s Managing Director and Chief Executive, Mr Paul Farrer which is to take effect from March 3rd 2022. This was disclosed in a notice signed by the company’s secretary, A. A. Samuel, and filed with the Nigerian Exchange […]
This is to inform Nigerian Exchange Limited, shareholders of NASCON Allied Industries Plc and the investing public that the Managing Director of the Company, Mr Paul Farrer, has given notice of his resignation as the Managing Director and Chief Executive of NASCON Allied industries Plc with effect from 13 th March 2022. The Company will […]
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