Infosys was also the fastest wealth multiplier, increasing wealth of the stockholder by 688 times MORE FROM THE AUTHOR Infosys, the country’s second largest software exporter, has emerged as the fastest wealth creator in the last 25 years. Mukesh Ambani’s Reliance Industries turned out to be the biggest wealth creator in this period, according to […]
IT major Infosys has emerged as the fasted wealth creator in the last 25 years. As per Motilal Oswal Financial Services’ annual wealth creation study, Infosys clocked a robust price compound annual growth rate (CAGR) of 30 percent to emerge as the fastest wealth creator between 1995 and 2020. This was backed by a 25-year […]
NSE trading floor. PHOTO: FEMI ADEBESIN-KUTI With the rising inflation throwing other investment windows into a negative real return, the Nigerian equity market, last week, witnessed another unprecedented rally that pushed the All-Share Index (ASI) by 7.5 per cent, the highest weekly gain in five weeks. It closed at 36,804.75 points, the highest level obtained […]
Bulls extended their dominance in the Nigerian equity market to seventh successive sessions yesterday, as the All-Share Index (ASI) appreciated by 1.20 per cent. At the close of transactions, the ASI gained 450.21 absolute points, representing a gain of 1.20 per cent to close at 37,893.61 points. Similarly, the overall market capitalisation appreciated by N235 […]
It’s easy to match the overall market return by buying an index fund. When you buy individual stocks, you can make higher profits, but you also face the risk of under-performance. Investors in Seplat Petroleum Development Company Plc ( LON:SEPL ) have tasted that bitter downside in the last year, as the share price dropped […]
ValuAlliance Value Fund (“Value Fund” or the “Fund”), formerly called the SIM Capital Alliance Value Fund, has declared a Profit After Tax of N237.96 million for the third quarter of 2020 (Q3 2020). This is according to the firm’s recent financials , sent to the Nigerian Stock Exchange and seen by Nairametrics. Nairametrics gathered that […]
The Nigerian stock market has returned a whopping 43% year to date making it one of the best performing stock markets in the world this year. This year’s performance contrasts sharply with 2019 when stocks closed negatively at 14.9% and it is on track to beat 2017 returns of 42.3%. The stock market turnaround began […]
The Founder of FCMB Group, Otunba Michael Olasubomi Balogun, has doled out a total sum of N15.35 million to purchase additional 5.1 million stocks of the firm. This is according to a recent disclosure , signed by the firm’s Secretary, Olufunmilayo Adedibu, seen by Nairametrics. Nairametrics gathered that the transactions occurred in five tranches, with […]
Proshare Nigeria Pvt. Ltd. Nigeria: Economic Dashboard @ 251220 Proshare Nigeria Pvt. Ltd. Editor’s Note Source: Proshare Research – December 26 , 2020 The N13.5trn 2021 appropriation bill was passed by Nigeria’s national assembly. The main highlights of the passed appropriation bill show that the amount earmarked for statutory transfers is N496.53bn, debt service N3.32trn, […]
Thirteen Nigerian banks on the floor of the Nigerian Stock Exchange collectively spent a total of N413.49 billion on their staff between January and September 2020. According to checks by Nairalytics – the research arm of Nairametrics, the N413.49 billion personnel cost represents a 6.36% increase compared to N388.77 billion spent in the corresponding period […]
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