Floor of the Nigerian Stock Exchange Nigerian stocks hit a new milestone on Monday as a tense investor scramble for the shares of the country’s biggest telecommunications companies – MTN Nigeria (MTNN) and Airtel Africa – catapulted the benchmark index by 2.93 per cent to 43,246.87 points equivalent to a market capitalisation, the peak level […]
The total revenue generated by five of the major oil marketing companies in the country jumped by N149.93bn in nine months as fuel demand recovers from the impact of the COVID-19 pandemic. The companies saw their combined revenue for the nine-month period ended September 30, 2021 rise to N593.9bn from N443.97bn in the same period […]
Sunday, November 21, 2021, 10:30 AM / by Tosin Ige, Proshare Research/ Header Image Credit: Oil and Gas IQ Nigerian oil and gas companies reported modest growth in the first nine months of 2021. The latest results of selected NGX-listed companies show an increase in earnings and balance sheet growth despite the lingering COVID-19 pandemic […]
Trading on the Nigerian bourse opened on Monday on a positive note with turnover appreciating by 1,103.94 per cent due to off-market trade in Oando Plc. Specifically, a total of 2.40 billion units valued at N16.47 billion were exchanged by investors in 4,811 deals. This was in contrast with 199.52 million shares worth N3.26 billion […]
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 […]
With the upward trend in global oil prices, investors are building positive sentiments around oil, thereby ensuring that the oil and gas sector on the Nigerian Exchange (NGX) Limited grew by N145.734 billion in the first nine months of the year. The gain was triggered by the gains in the share prices of Seplat Energy, […]
The Nigerian Exchange Group (NGX) is the official stock exchange for Nigeria with about 360 public companies listing their shares on the exchange to make them available for retail and institutional investors to either buy, sell, or exchange stocks. Choosing the best shares to trade can be a daunting exercise for many investors, especially for […]
While choosing the right shares to trade can be a tedious exercise for many investors, we have provided a comprehensive list of the 5 best shares to buy in Nigeria right now, based on information from the NGX’s top-traded companies. Honeywell Flour Mill is a manufacturer and marketer of various wheat-based products which range from […]
Monday, September 27, 2021 / 02:43 PM / by Afrinvest Research / Header Image Credit: Titan FX Market Last Week (Our Observations) In line with our expectations, the local bourse extended its positive performance as investor sentiment improved. Accordingly, the All-Share Index rose 5bps w/w to 38,962.28 points while YTD loss improved to -3.2% and […]
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