The Nigerian equities market yesterday closed on a negative note, to halt the two consecutive days of positive sentiment trading by investors at the close of business the previous week. At the close of trading yesterday, the Nigerian Exchange Limited (NGX) All-Share Index (ASI) declined by 8.12 basis points, representing a drop of 0.02 per […]
The Nigerian stock market gained N290bn at the end of trading last week as the All-Share Index of the Nigerian Exchange Limited rose by 1.48 per cent to 38,212.01 basis points. The market capitalisation increased to N19.92tn on Friday from N19.63tn the previous week. According to Cordros Research, buying interest in Nestle Nigeria Plc and […]
Nigerian Exchange Group (NGX) The increasing appetite for interim dividend-paying stocks has continued to propel transactions across all sectors on the Nigerian Exchange Limited (NGX), as investors’ wealth soared by N147 billion in three trading days. Specifically, the market capitalisation, which stood at N19.923 trillion when the market reopened for trading on Monday, rose by […]
The Board of Ecobank Nigeria has announced the appointment of three independent non-executive directors. The highly experienced professionals who have distinguished themselves in their various careers, include Taba Peterside, Yusuf Suleiman and Alhaji Abu Idris. Taba Peterside has over 33 years’ experience in the Nigerian and International banking, financial services and the capital markets. She […]
The Dangote Sugar Refinery has urged the federal government to strictly implement the Backward Integration Policy (BIP) in the sugar industry as the nation can earn $700 million yearly from local production. The Chairman of Dangote Sugar Refinery, Aliko Dangote, disclosed this yesterday at its 15th Annual General Meeting (AGM) in Lagos. Dangote said, "If […]
Goddy Egene The stock market rebounded last week after seven consecutive weeks of depreciation as investors responded positively to the dividends declared by Dangote Cement Plc and Stanbic IBTC Holdings Plc. The market had depreciated for six weeks due to weak investors’ sentiments. However, respite came last week as the Nigerian Stock Exchange (NSE) All-Share […]
Nigerian stock market trading floor brandspur Consequently, the month-to-date and year-to-date losses moderated to 1.3 per cent and 2.4 per cent, respectively. Stock market gain was driven by price appreciation in large and medium capitalised stocks. The include Stanbic IBTC Holdings, MTN Nigeria Communications (MTNN), GlaxoSmithKline Consumer Nigeria, UPDC Real Estate Investment Trust and Lafarge […]
The stock market rebounded last week after seven consecutive weeks of depreciation as investors responded positively to the dividends declared by Dangote Cement Plc and Stanbic IBTC Holdings Plc. The market had depreciated for six weeks due to weak investors’ sentiments. However, respite came last week as the Nigerian Stock Exchange (NSE) All-Share Index rose […]
Despite the disruptions to the economy due to the coronavirus, Dangote Sugar Refinery (DSR) Plc recorded improved results in its 2020 financial year. Details of the audited results ended December 31, 2020, showed that DSR posted a revenue of N214.297 billion, up by 33 per cent to N161 billion in 2019. Production volume rose by […]
Wema Bank Plc yesterday released its unaudited results for the year ended December 31, 2020, showing marginal decline in top and bottom-lines. The financial institution recorded gross earnings of N80.852 billion in 2020, indicating a decrease of 14.7 per cent compared with N94.890 billion in 2019. Net interest income improved by 19.4 per cent to […]
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