Insurance Companies in Nigeria and Africa have acquired capacity to underwrite agribusiness towards the support for food security in the continent following a partnership deal between Africa Reinsurance Corporation and IFC, a member of World Bank Group, DMD/COO Africa Re, Ken Aghoghovbia has said. In a statement, he added, "In order to address the challenges […]
An upbeat in trading activities in the shares of Dangote Sugar (+4.2%), Union Bank (+3.7%), and FCMB (+8.1%) on Tuesday helped to claw back losses in the domestic equities market resulting in a gain of about N31 billion as market capitalisation rose to N19.623 trillion from N19.592 trillion recorded in the previous day’s close. The […]
The Nigerian Exchange (NGX) Limited has reviewed its sectoral market indices in order to reflect current trends at the stock market. The half-year review led to the entry and exit of some companies from several indices effective July 1, 2021. The Exchange explained that the indices were developed to allow investors to follow market movements […]
Charles Abuede The Nigerian Equities Market started the new week on a bearish note, with traders and investors alike coming back from the short Easter break to extend the persistent bearish run the market has been experiencing into the fourth trading session as investors lost N78.5 billion on the first trading day in April. The […]
Charles Abuede The domestic stock market extended the bullish sentiment on Thursday as the All-Share Index rose 0.07 per cent to settle at 38,799.83 points due to buying interest in Zenith Bank (+3.8%), GTBank (+2.7%) and Access Bank (+1.9%). Consequently, market year to date loss at -3.7 per cent was sustained and market capitalisation appreciated […]
Our Reporter Kogi State Government has restructured its sub-national bonds to extend the maturity date of the two bonds by three years. The government restructured its Kogi State N5 billion Series I 15 per cent Fixed Rate Bond and N3 billion Series II 17 per cent Fixed Rate Bond under the state’s N20 billion debt […]
Charles Abuede The local bourse continued in its staggering movement on Wednesday due to selling pressures in MTN Nigeria (-2.9%), Access Bank (-3.6%), and Stanbic IBTC (-1.0%) which dragged the All-Share Index lower by 0.57 per cent to settle at 39,045.13 points. As a result, the market year to date loss worsened to -3.0 per […]
The bears returned to the local bourse yesterday pulling, the Nigerian Stock Exchange (NSE) All-Share Index (ASI) down by 0.19 per cent to close at 40,494.35. The market had opened for the week on positive note after two weeks of decline, raising hopes that the bargain hunting could be sustained. However, sell-offs in Stanbic IBTC […]
’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 […]
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 […]
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