INVESTORS seeking competitive and stable returns should consider a portfolio of value stocks in financial services, oil and gas, manufacturing, telecommunications and agriculture. In its latest “Top Picks”, FSDH Capital, an investment banking group, selected 10 stocks that provide reasonable assurance of returns as the full-year earnings cycle draws near. The model portfolio by analysts […]
For many years, the subject of who is Nigeria’s largest employer of labour has been a popular topic While Nigerians strongly believe Dangote is the largest employer and could well be but a recent report shows it is not among the top five The Nigerian banking sector continues to remain a go-to place for many […]
The domestic equities market sustained its bearish trend on Wednesday due to losses recorded by MTN Nigeria Communications (MTNN) and 13 others. Specifically, the market capitalisation inched lower by N75 billion or 0.34 per cent to close at N22.050 trillion from N22.125 trillion recorded on Tuesday. Also, the All-Share Index lost 144.35 points or 0.34 […]
By Dipo Olowookere The Nigerian Exchange (NGX) Limited appreciated by 0.20 per cent on Friday, driven gain in Dangote Cement shares and others during the session. The All-Share Index (ASI) increased yesterday by 83.08 points to 42,353.31 points from 42,270.23 points, while the market capitalisation rose by N50 billion to N22.107 trillion from N22.057 trillion. […]
By Dipo Olowookere Nigerian stocks returned to the territory of the bears on Tuesday after depreciating by 0.01 per cent at the close of transactions by 2:30 pm. Renewed profit-taking in Oando, Access Bank, UBA, UAC Nigeria and 11 others weakened the market and caused the All-Share Index (ASI) to decrease by 6.14 points to […]
By Dipo Olowookere Investors in the nation’s equity market are beginning to limit their exposure to stocks as their festive period draws closer. Last week, a total of 1.3 billion shares worth N15.3 billion exchanged hands in 18,292 deals in contrast to the 2.6 billion shares worth N26.9 billion transacted in 20,848 deals a week […]
The issue of bonds worth NGN 60 billion called on experience from across Nigeria’s legal and finance sectors. Nigerian energy company Ardova has issued NGN 60 billion (USD 146 million) in bonds as part of a debt issuance programme, raising funds for expansion and its working capital. Headquartered in Lagos, Ardova operates downstream retail and […]
It got an approval-in-principle to start a non-interest banking unit to be known as Alternative Bank Limited. Sterling Bank obtained the Central Bank of Nigeria (CBN) ‘s go-ahead to transform to transform to a holding company subject to meeting certain conditions outlined by the regulator. It also got an approval-in-principle for a permit to start […]
By Dipo Olowookere Transactions on the floor of the Nigerian Exchange (NGX) Limited closed bullish on Thursday with a 0.41 per cent growth after closing bearish a day earlier. Buying interest across the major sectors of the market yesterday triggered the reversal of the loss, with the consumer goods sector emerging as the darling of […]
Despite price gains that outweighed losses, transactions on the equities sector of the Nigerian Exchange Limited (NGX) closed on a downward note yesterday, as the All-Share Index (ASI) depreciated by 0.01 per cent. Specifically, the ASI declined by 4.99 absolute points, representing a decrease of 0.01 per cent, to close at 43,255.14 points. However, the […]
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