Goddy Egene writes that the decline recorded by the stock market in the first half of 2021 provides an entry opportunity for investors to gain in the second half of the year The loss of N1.303 trillion in value recorded by the Nigerian stock market in the first half (H1) of 2021 is likely to […]
Stock Exchange Bears’ dominance has remained unabated on the Nigerian Exchange Limited (NGX), as more bluechip stocks recorded price depreciation, causing the All-Share Index (ASI) to drop further by 0.19 per cent. Yesterday, the ASI dropped by 73.01 absolute point, representing a decline of 0.19 per cent to close at 37,585.25 points while the overall […]
Out of the 5 major indices of the Nigerian Exchange Group (NGX), the NGX Oil and Gas Index recorded the highest positive movement to reflect a growth of 38.28% in Half Year 2021. Albeit slight, the NGX Consumer Goods and NGX Insurance Indices recorded growth of 5.12% and 3.04% respectively, However, the NGX Banking Index […]
The Nigerian Exchange (NGX) Limited has reviewed its sectoral market indices in order to reflect current trends at the stock market. The half-year review led to the entry and exit of some companies from several indices effective July 1, 2021. The Exchange explained that the indices were developed to allow investors to follow market movements […]
Abuja — Shareholders of Jaiz Bank Plc have approved a total dividend of N883.9 million, representing three kobo per share for the 2020 financial year. Speaking at the bank’s ninth Annual General Meeting (AGM) in Abuja, its Chairman, Alhaji Umaru Abdul Mutallab, said the Islamic financial institution worked assiduously towards ensuring that the dividend payment […]
Nigerian equities rose a little higher by 0.09 per cent on Friday, helped by gains by bank stocks and palm oil maker Presco in a trading session, which marked the bourse’ third straight gain. The banking index recorded the fastest progress of the five sector indexes tracked by the Nigerian Exchange as it expanded 0.44 […]
Nigeria’s blue-chip stocks also referred to as NSE 30 stocks are known primarily for being the most capitalized Stocks on the Nigerian stock market. NSE 30 Stocks are favourites of many traditional and institutional investors mainly for their systematic importance in Africa’s biggest economy, low volatility and more consistent return on investment when compared to […]
KCB’s increased investment in Banque Populaire du Rwanda Plc (BPR) signals the increasing attraction of the landlocked country’s banking industry to Kenyan lenders. Other African banks such as Nigerian banking giant, Access Bank Plc, have also shown huge interest in the country of more than 13 million people, by acquiring an additional 16.22 percent shareholding […]
The Central Bank of Nigeria (CBN) yesterday described as "fake news," a media report that it was considering nationalising Unity Bank Plc. CBN’s spokesman, Osita Nwanisobi, in a statement advised customers and other stakeholders of the bank to disregard the report, describing it as the handiwork of mischief makers. He said: "The report is fake […]
The Nigerian Exchange (NGX) Limited All-Share Index (ASI) rose 0.2 per cent to close higher at 38,548.24 as the market extended its recovery for the second day. The appreciation was supported by gains recorded by MTN Nigeria Plc, FCMB Group Plc and Lafarge Africa Plc. Market capitalisation added N34.3 billion to close at N20.1 trillion. […]
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