The list of Nigerian most valuable bank for the first month of 2022 has been revealed with Guaranty Trust Bank and Zenith bank keeping their positions The value of the banks were calculated using how much was added to their total share price as at Friday, December 31, 2021 Nigerian banking sector stocks continue to […]
Dangote Cement, BUA Cement, BUA Foods, and Nestle Nigeria led the list of most valuable manufacturing companies in Nigeria, following impressive market performance in the month of January 2022. The likes of Dangote and BUA Cement maintained their spot as the most capitalized manufacturing firms while newcomer, BUA Foods displaced Nestle to seat in third […]
Kayode Tokede The stock market of the Nigerian Exchange Limited (NGX) maintained its positive trend last week as foreign and high network investors continued to take position in stocks with attractive dividend yields ahead of 2021 financial year dividend declarations. The stock market of NGX appreciated by N579billion in first-week trading in February as foreign […]
By Dipo Olowookere The Nigerian Exchange (NGX) Limited depreciated by 1.12 per cent on Thursday as investors booked profit in Dangote Cement, Oando, FBN Holdings, Ardova and 14 other stocks. From the analysis of the trading details, industrial goods, insurance and energy sectors were the major drivers of the loss as they shed 3.25 per […]
Kayode Tokede The stock market of the Nigerian Exchange Limited (NGX) yesterday dropped by N280billion on investors’ profit taking in Dangote Cement and 17 others. The NGX All-Share Index declined by 520.76 basis points or 1.12 per cent, to close at 46,009.23 points. Similarly, the overall market capitalisation value lost N280 billion to close at […]
The Nigerian equity market has started the year 2022 strong. The All-Share Index (ASI) in the month of January has gained 9.15%% for the month starting at 42,716.44 basis points to ending at 46,624.67 basis points. The market capitalization also grew in similar fashion from N22.3 trillion at the beginning of the month only to […]
Floor of Nigerian Stock Echange Nigerian stocks contracted 0.34 per cent on Friday, a decline driven by investors showing more willingness to sell shares in Dangote Cement and GTCO (two of Nigeria’s most capitalised companies) than to hold them. Dangote Cement saw depreciation in its shares despite its recent announcement to buy back 170 million […]
Nigerian billionaires, Aliko Dangote, Abdulsamad Rabiu, and Mike Adenuga were listed in the ranking of richest people in Africa by Forbes, with a joint net worth of $27.6 billion, accounting for 32.5% of the total 18 billionaires on the list. The wealth of African billionaires has grown significantly in 2021 despite the effects of the […]
Following renewed profit taking activity, the equities market halted five days gaining streak to close on a downturn yesterday, causing market capitalisation to plunge by N20 billion. Specifically, at the close of trading yesterday, the NGX All-Share Index depreciated by 37.83 basis points to 43859.30 points from 43897.13 points reported the previous day. Similarly, market […]
Dangote Cement Plc Dangote Cement Plc said it would purchase 170 million units of its common stock from the open market in the latest phase of the share buyback scheme it launched in December 2020, a move hoped to drive its share price given that fewer shares will be available for trade on completion of […]
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