A mutual fund is a scheme that pools funds or money from various investors and then uses the pooled funds to invest in different asset types on behalf of the many investors from whom the funds had been pooled. In most cases, the investor knows that he or she is invested in one mutual fund […]
13 Nigerian companies listed on the Nigerian Exchange Limited (NGX) remitted a total tax of N289.4billion The Federal Inland Revenue Service (FIRS) is one of the collecting agencies and recently declared it exceeded its target in the first eight months of 2021 Companies operating in Nigeria are meant to pay income tax, Education tax, National […]
A total of six banks generated N64.27billion from maintaining customers’ current accounts in nine months of 2021, an increase 40.6 per cent from N45.7 billion reported in nine months of 2020. The six banks are Access bank Plc, Zenith Bank Plc, United bank for Africa, Guaranty Trust holding Company Plc, Sterling Bank Plc and Union […]
Nigerian Stocks Exchange (NGX) Nigeria stocks lengthened their uptrend on Tuesday, helped in part by investors increasing demand for telco stocks as well as for conglomerates and financial services shares, a broad-based progress culminating in a N252.4 billion gain. MTNN and Airtel continued to command investors’ interest and were joined United Capital and UACN in […]
Kayode Tokede The stock market of the Nigerian Exchange Limited (NGX) yesterday sustained its positive sentiment, gaining N252.42billion as investors renewed interest in Airtel Africa Plc and 23 others.. The market positive performance was driven by price appreciation in large and medium capitalised stocks which are; Airtel Africa, MTN Nigeria Communications (MTNN), Ardova, Lafarge Africa […]
On the heels of impressive earnings in nine months ended September 30, 2021, it has emerged that double-digit inflation, foreign exchange devaluation, among other factors impacted the 10 most valued companies on the Nigerian Exchange Limited (NGX) as their Operating Expenses (OPEX) went up by 16 per cent to N1.5trillion from N1.34 trillion in the […]
KBA chief executive Habil Olaka /FILE Kenyan banks are seeking a pie of the continental market by riding on the African Continental Free Trade Area(AfCFTA), sector lobby group has said. There is an already ongoing expansion of Kenyan financial institutions into the East African region and linkages with leading financial institutions in the South, West […]
Speculators in the local equities market again sold off on Wednesday as the share price of First Bank Holding declined marginally following the heavy activity on the stock in the course of the share purchase by Femi Otedola. Also, the sell pressure on Transcorp Hotels and International Breweries drove the NGX to a negative performance […]
The Nigerian stock market ended the week on a bearish note as the All-Share Index, which is the benchmark in measuring the market’s performance dipped by 0.57% and investors lost about N117 billion during the week. This is contained in the weekly market report, for the week ended 3rd September 2021 as released by the […]
Nigerian Exchange Group (NGX) Heavy transactions in the shares of Transnational Corporation of Nigeria (Transcorp) Plc, Honeywell Flour Mill Plc and Access Bank Plc last week, lifted the volume of shares traded, as a turnover of 1.3 billion shares worth N8.7 billion was recorded in 19,830 deals by investors on the floor of the exchange. […]
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