By Dipo Olowookere The year 2021 on the floor of the Nigerian Exchange (NGX) Limited was interesting because of some intrigues that occurred, especially towards the end. The year closed with a shocker when it was announced that a two-year-old bank, Titan Trust Bank, was acquiring a 104-year-old Union Bank of Nigeria. This was not […]
Twenty-three companies listed on the Nigerian Exchange Limited recorded year-on-year losses worth N105.78bn in their market capitalisation as the half-year period ended in June. According to data from the NGX available to our correspondent, 23 firms led by CWG Plc failed to increase their share prices after a year of trading between June 30, 2020 […]
Pulse Nigeria Specifically, the All-Share Index declined by 221.98 points or 0.57 per cent to close at 39,045.13, compared with 39,267.11 posted on Tuesday. Also, the market capitalisation dropped by N116 billion, closing at N20.428 trillion, from N20.544 trillion. The market loss was driven by price depreciation in large and medium capitalised stocks, amongst which […]
Nigerian stocks were up by 0.07 per cent on Thursday, extending gains reported at the previous trading session in an advance led by Zenith, GTB and Access Bank , three of Nigeria’s five biggest banks by asset commonly known by the acronym, FUGAZ. That easily pushed the banking index to the forefront of performance of […]
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