Thursday, February 18, 2021 /04:40 AM / By Proshare Research/ Header Image Credit: EcoGraphics Proshare Nigeria Pvt. Ltd. The Oil and Gas sector suffered a twin hit in 2020. Plunging oil demand brought about by the COVID-19 and the price war between Russia and Saudi Arabia further worsened the financial position of an already vulnerable […]
Tag: XNSA
Selloffs in Stanbic IBTC, NB, Zenith Bank cost investors N41.3bn on Nigeria bourse
By Charles Abuede Naira trades flat at I&E, CBN official windows Read Also: The Nigerian equities market continues its staggering movement on the back of mixed sentiment as investors anticipate the release of audited company financials due to start hitting the market before the end of the month. Despite some hints of gains, the bears […]
Heirs Oil & Gas Targets 100,000 bpd on OML 17
Image: YouTube Following the one-billion-dollar acquisition of OML 17from Shell last month, Heirs Oil & Gas Ltd. has pledged to boost production from the onshore block to 100,000 barrels per day (bpd). Success in achieving the production target would not only restore the block to its peak production level, but also make Heirs Oil & […]
Stock investors gain N60bn as Seplat, 30 others rise
’Femi Asu Investors in the nation’s stock market gained N60bn on Monday as Seplat Petroleum Development Company Plc and 30 other firms recorded price appreciation. The Nigerian Stock Exchange All-Share Index rose by 0.33 per cent to close at 40,571.67 basis points on Monday from 40,439.85bps on Friday. The market capitalisation of listed equities increased […]
Rak Unity Petroleum’s voluntarily wound up takes effect with zero revenue in Q4 2020
WorldStage Newsonline– Rak Unity Petroleum, a petroleum marketing company has released its interim Report and IFRS Financial Statements (Unaudited) for the 12-month period ended 31 December 2020 with no record of revenue in the last three months (Q4) of 2020 compared with N844,607 million in 2019. WorldStage earlier reported Rak Unity Petroleum’s move to voluntarily […]
Nigeria: All-Share Index Rises 0.33% As Market Opens On Positive Note
The stock market opened the week on positive note yesterday, raising hopes of recovery after two weeks of decline. The market had depreciated last week by 3.04 per cent following profit-taking and return of investors to fixed income market. However, the Nigerian Stock Exchange (NSE) All-Share Index (ASI) appreciated by 0.33 per cent to close […]
Investors Lose N40.47bn as NSEASI Dips by -0.19% Amid Positive Market Breadth
Tuesday February 16 , 202 1 / 0 4 : 37 PM / Proshare MARKETS / Header Image Credit: Proshare Markets Proshare Nigeria Pvt. Ltd. Equities market closed today on a negative note, as NSEASI depreciated by -0.19% to close at 40,494.35 basis points as against +0.33% appreciation recorded previously. Its Year-to-Date (YTD) returns currently […]
Investors Gain N68.96bn as NSEASI Inches Up by 0.33% to Open the Week Positive
Monday February 15 , 202 1 / 0 4 : 06 PM / Proshare MARKETS / Header Image Credit: Twitter; @wto Proshare Nigeria Pvt. Ltd. Equities market closed today on a positive note, as NSEASI appreciated by +0.33% to close at 40,571.67 basis points as against -1.40% depreciation recorded previously. Its Year-to-Date (YTD) returns currently […]
Nigerian stocks post second gain in two weeks
The Nigerian bourse bounced back on Monday, recording its second positive trading session for February as stocks rose 0.33 per cent on the back of gains by Seplat, Japaul Gold, Mutual Benefits, AIICO and Multiverse. A positive market breadth was recorded as 32 gainers emerged against 14 losers. The Oil and Gas Index came top […]
Nigerian Bourse Maintains Positive Stance…, Start week +0.33%
The local bourse resumed trading for the week on a positive note, as the NSE – All-Share Index and Market Capitalization increased by 0.33% to 40,573.31 points and N21.2billion respectively. Thus, YTD performance advanced to 0.75% at the close of trading. A total volume of 206.2 million units of shares, valued at N2.16billion exchanged hands […]