Companies have rebranded in the last one-year or so to boost business and reinvigorate presence amid an economic impact caused by the Covid-19 pandemic. It is usual for companies to develop new logos, marketing materials as well as names to rejuvenate interest from consumers, employees and investors, as well as stay ahead of competitors. Recent […]
Nigerian stocks Exchange Nigerian stocks inched up 0.2 per cent or N50.7 billion on Friday, almost completely wiping out the loss recorded at the preceding session, a broad-based advance aided by gains from food and beverages, banking and industrial goods sectors’ shares. International Breweries, United Bank for Africa and Dangote Cement led the climb, with […]
Last week, the valuation of stocks on the Nigerian Exchange rose by 1.16 per cent as more fund chased shares in affirmation of investors’ faith that the market could still deliver good yield beyond the earnings season. The market has returned 5.17 per cent year to date and there are possibilities that that will be […]
Kayode Tokede Trading in the stock market of the Nigerian Exchange Limited (NGX) commenced the week yesterday with negative sentiments amid investors profit-taking in Presco Plc and 20 others. Specifically, the NGX All-Share Index (ASI) dropped by 37.35 basis points or 0.09 per cent, to close at 43,270.94 basis points from 43,308.29 basis points. Consequently, […]
FBN Holdings Kayode Tokede Insiders in fundamental stocks on the Nigerian Exchange Limited (NGX) transacted N32.4billion worth of stocks in 2021, data gathered by THISDAY revealed. The insiders include Managing Directors, Deputy Managing Director, Non-executive Directors, and shareholding firms, among others. The companies whose directors were involved in the transactions include; Nestle Nigeria Plc, Dangote […]
NGX Insurance Kayode Tokede The stock market of the Nigerian Exchange Limited (NGX) yesterday extended its investors’ profit-taking position on the heels of sell pressure on MTN Nigeria, Guaranty Trust Holdings Company Plc, Zenith Bank Plc and 31 other stocks. The likes of MTN Nigeria dropped by 1.1 per cent to close at N169.20, while […]
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 […]
In October, The Central Bank of Nigeria (CBN) unveiled the very first Central Bank Digital Currency (CBDC) in Africa with a lot of national and international interest on how well the electronic currency will perform and what problems it would solve in the banking and finance space on the continent. TheCable brings you some quick […]
Nigerian stock market trading floor The Nigerian stock market extended bearish mood on Thursday on the back of sell pressure on Seplat Energy and 33 others. Specifically, the market capitalisation dropped further by N113 billion or 0.51 per cent to close at N22.044 trillion from N22.157 trillion on Wednesday. Similarly, the All-Share Index which opened […]
[FILES] Nigerian Exchange Group (NGX). Photo/facebook/ngxgroup Trading activities on the floor of the Nigerian Exchange (NGX) sustained a sliding profile yesterday due to losses in the shares of many blue-chip firms, especially MRS and Chams, causing market capitalisation to depreciate further by N71 billion. Specifically, market capitalisation of listed equities declined by 0.31 per cent […]
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